{"id":15907,"date":"2025-01-20T12:34:16","date_gmt":"2025-01-20T09:34:16","guid":{"rendered":"https:\/\/blog.egemoney.com\/?p=15907"},"modified":"2025-01-20T12:35:17","modified_gmt":"2025-01-20T09:35:17","slug":"trump-begins-his-term-and-btc-hits-a-new-record-at-109000","status":"publish","type":"post","link":"https:\/\/blog.egemoney.com\/en\/trump-begins-his-term-and-btc-hits-a-new-record-at-109000\/","title":{"rendered":"Trump Begins His Term, and BTC Hits a New Record at $109,000"},"content":{"rendered":"
\n
\n
\n
\n

Weekly Economic Calendar:<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/strong><\/th>\nTime<\/strong><\/th>\nCurrency<\/strong><\/th>\nEvent<\/strong><\/th>\nExpectation<\/strong><\/th>\nPrevious Data<\/strong><\/th>\n<\/tr>\n<\/thead>\n
January 20, Monday<\/strong><\/td>\n<\/td>\nUSD<\/td>\nU.S. holiday for Martin Luther King Jr. Day<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
January 20, Monday – January 24, Friday<\/strong><\/td>\n<\/td>\n<\/td>\nDavos Summit Begins<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
January 20, Monday<\/strong><\/td>\n<\/td>\nUSD<\/td>\nU.S. President-Elect Trump assumes the presidency<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
January 20, Monday<\/strong><\/td>\n<\/td>\nBTC<\/td>\nSEC Chairman Gary Gensler steps down, replaced by Paul Atkins<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
January 22, Wednesday<\/strong><\/td>\n17:00<\/td>\nSOL<\/td>\nToken Unlock<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
January 23, Thursday<\/strong><\/td>\n14:00<\/td>\nTRY<\/td>\nCBRT Interest Rate Decision<\/td>\n45%<\/td>\n47.5%<\/td>\n<\/tr>\n
January 23, Thursday<\/strong><\/td>\n<\/td>\nSOL<\/td>\nFinal decision day for Grayscale Solana ETF<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
January 24, Friday<\/strong><\/td>\n<\/td>\nSOL<\/td>\nFinal decision day for Solana ETFs by VanEck, 21Shares, Canary, and Bitwise<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Bitcoin Hits a New Peak<\/strong><\/span><\/p>\n

Melania Trump made waves in the cryptocurrency sector by launching her meme coin, MELANIA<\/strong>, just days after her husband introduced the TRUMP token<\/strong>. Following this development, Bitcoin briefly dropped below $100,000. However, strong buyers quickly stepped in, enabling the bulls to regain control, and Bitcoin swiftly recovered all its losses, surging to $109,000<\/strong>. This new high surpassed the previous record set in December. The rapid increase in Bitcoin’s price pushed its total market capitalization above $2.1 trillion, making it the seventh-largest asset in the world.<\/em><\/span><\/p>\n<\/div>\n

 <\/p>\n

“Trump Effect”: Bitcoin and Stock Market Records<\/strong><\/p>\n

The 45th President of the United States, Donald Trum<\/strong>p, referred to the rapid rise in the stock market and Bitcoin prices as the “Trump Effect” during his pre-inauguration remarks. Highlighting the economic optimism following his election victory, Trump stated, “Since winning the presidential election, stock market values have soared. Small business optimism has reached a 39-year high. Additionally, Bitcoin has been breaking record after record, making history.”<\/em><\/p>\n

U.S. States Consider Bitcoin Reserves<\/strong><\/p>\n

The idea of creating Bitcoin reserves is gaining traction in various U.S. states. Wyoming and Massachusetts have joined the ranks of states proposing new legislation to allocate a portion of public funds to Bitcoin investments.<\/p>\n

 <\/p>\n

Davos Summit Begins<\/strong><\/p>\n

The 55th Annual Meeting of the World Economic Forum (WEF)<\/strong> will take place in Davos<\/strong>, Switzerland, from January 20-24, 2025, under the theme “Collaboration for a Smart Age.”<\/strong> This year\u2019s event will host approximately 3,000 leaders from over 130 countries, including more than 60 heads of state and government, 350 government officials, business leaders, academics, and representatives of civil society organizations.<\/p>\n

This year’s summit coincides with U.S. President Donald Trump’s second inauguratio<\/em>n. Trump will participate virtually in the Davos Summit to share the priorities of his new administration.<\/p>\n

Major Ethereum Purchases by World Liberty<\/strong><\/p>\n

World Liberty, a prominent name in the crypto world, has drawn significant attention with its accelerated Ethereum<\/strong> (ETH) acquisitions, sparking substantial market activity. These transactions, occurring just one day before Trump assumed office, have reignited interest in Ethereum.<\/p>\n

Million-Dollar Transactions<\/h4>\n

According to on-chain data from Arkham, on January 19, World Liberty\u2019s wallet purchased 6,041 ETH for $20 million USDC<\/strong> when Ethereum was priced at $3,311. The next day, January 20, the company continued its aggressive buying spree, acquiring 14,403 ETH for $48 million USDC within a 12-hour period as Ethereum\u2019s price rose to $3,333.<\/p>\n

World Liberty\u2019s Growing Ethereum Portfolio<\/h4>\n

As a result of these large-scale purchases, World Liberty\u2019s wallet<\/strong> now holds a total of 39,000 ETH, valued at approximately $135 million.<\/p>\n

 <\/p>\n

Rising Expectations in the Market<\/h4>\n

World Liberty\u2019s strategic<\/strong> moves have generated positive sentiment among investors about Ethereum\u2019s future. The long-term market impact of these significant acquisitions is being closely watched.<\/p>\n

 <\/p>\n

A New Era for Ethereum?<\/h4>\n

World Liberty\u2019s<\/strong> large-scale purchases have boosted confidence in Ethereum\u2019s long-term potential<\/strong>, leaving market participants speculating about the strategy behind these moves.<\/p>\n

 <\/p>\n

SOL:<\/strong><\/p>\n

A $1 billion token unlock for Solana (SOL)<\/strong> is set to take place on Friday<\/em>. This amount represents 13% of the coin’s total supply, marking the second-largest token release in Solana\u2019s history. Investors, particularly those with ongoing transactions, should closely monitor Friday as a critical day.<\/p>\n

BTC:<\/strong><\/p>\n

Bitcoin Analysis by ITB<\/a><\/p>\n

An overview of ITB\u2019s analysis of Bitcoin reveals:<\/p>\n