Cryptocurrency Market Remains Stable Following Trump's Executive Order

The global cryptocurrency market capitalization has experienced a slight decline of 0.4%, now standing at $3.6 trillion. This comes after a tumultuous trading day on Thursday, during which President Trump signed an executive order related to cryptocurrencies.

Cryptocurrency	Price	Gains +/-
Bitcoin BTC/USD	$103,650	-0.3%
Ethereum ETH/USD	$3,268	+0.3%
Solana SOL/USD	$248.26	-5.6%
XRP XRP/USD	$3.10	-2.1%
Dogecoin DOGE/USD	$0.3484	-3.1%
Shiba Inu SHIB/USD	$0.00001978	-2.6%

Key Statistics:

• Recent data from IntoTheBlock indicates a decrease of 8.2% in large transaction volumes, with daily active addresses down by 6.1%. The number of transactions over $100,000 has dropped from 13,808 to 12,074 in just one day. Additionally, exchanges are seeing a 4.4% reduction in netflows.
• According to Coinglass, 130,379 traders were liquidated in the last 24 hours, totaling losses of $335.74 million.
• Crypto analyst Ali Martinez has pointed out that capital inflows into the cryptocurrency market have plummeted by 63.3% to $43.37 billion since December 10, suggesting a slowdown in market activity and liquidity.

Recent Developments:

• Anthony Pompliano predicts that Donald Trump has over 50% of his net worth in cryptocurrency and plans to create a strategic Bitcoin reserve.
• Senator Lummis, known for her support of crypto, is set to lead the Senate Banking Digital Assets Subcommittee, raising speculation about the potential establishment of a Bitcoin reserve.
• A rally from Sam Altman's Worldcoin Network has defied the downward trend of Bitcoin and Ethereum, linked to OpenAI's involvement in Project Stargate.
• Exchange-traded funds (ETFs) for Bitcoin and Ethereum are attracting record inflows despite ongoing market volatility and policy uncertainties.

Top Performers and Decliners:

Cryptocurrency	Price	Gains +/-
Fartcoin FARTCOIN/USD	$1.47	-26%
ai16z AI/USD	$0.8975	-19.5%
SPX6900 SPX/USD	$1.26	-13.9%

Market Analysis:

With Bitcoin's price remaining relatively stable, trader Seth noted that Bitcoin is currently at a significant resistance level. He emphasized that breaking this level could result in a substantial price increase, stating, "BTC will salute its new President." More Crypto Online reiterated that Bitcoin is experiencing a sideways trend despite a minor upward movement.

According to their analysis, while there was a brief uptick in Bitcoin's price, it still remains within a horizontal range. A fall below certain support levels could indicate a bearish trend, while a rise above $107,250 would reinforce a more positive outlook.

Trader BitQuant rejected claims that Bitcoin has already reached its peak or that it will max out below $166,000, arguing that such forecasts may underestimate Bitcoin's future potential. He cautioned that those who are skeptical might miss out on significant returns, despite possible corrections along the way.

Another optimistic trader anticipates new all-time highs soon, noting that as long as Bitcoin stays above $99,000, it indicates no signs of bearish trends.

Conclusion

In summary, while the cryptocurrency market sees some fluctuations in response to external factors, Bitcoin and other major cryptocurrencies like Ethereum, XRP, and Dogecoin remain relatively stable. Market participants and traders continue to watch key levels closely, signaling potential movements in the near future.

cryptocurrency, market, Trump