Donald Trump Latest News: Will Bitcoin Explode After Inauguration? (XRP News)

Introduction to Bitcoin and Crypto

Bitcoin and crypto are expected to skyrocket, even beyond expectations, with the Donald Trump inauguration and a strong Bitcoin rally.

Market Analysis

The market is technically bullish, with a pennant building, leading to higher highs. However, there is a concern about a "buy the rumor, sell the news" event, which could lead to a shakeout of weak hands.

BlackRock's Bitcoin Sales

BlackRock is selling Bitcoin, which is unusual, as they have been accumulating it for over a year. This could be a sign of a potential shakeout.

Bitcoin ETFs

The Bitcoin ETFs have seen a big outflow, with $337 million coming out. However, this is not the first time this has happened, and it's not a cause for concern.

Bitcoin Price Prediction

Bitcoin is expected to keep going up, with nothing priced in. The enabling of banks to custody Bitcoin and the potential strategic Bitcoin reserve are not priced in.

Historical Context

Looking back at the recent history of Bitcoin, the spot ETF launch and the election were not priced in, and Bitcoin rallied into the approval of the spot Bitcoin ETFs.

Trump's Crypto Executive Order

Trump is expected to issue a crypto executive order on his first day, which could be a catalyst for Bitcoin's price.

Bitcoin Trading

When trading Bitcoin, it's essential to be careful and set a take profit and stop loss. The price of Bitcoin could go up or down, and it's crucial to be prepared.

Strategic Crypto Reserve

There is a rumor that Trump is open to a strategic crypto reserve featuring Solana and XRP. However, this is not confirmed, and it's essential to take it with a grain of salt.

Regulation

Trump is receptive to the idea of a reserve with coins founded in the US, such as Solana and XRP. However, it's unclear if this will happen.

SEC Appeal

The SEC has filed an appeal on the Ripple XRP lawsuit, claiming that the judge made a mistake and XRP should be labeled an unregistered security.

Litecoin ETF

The NASDAQ has officially filed a 14B-4 form for a Canary Litecoin ETF, which could be the next crypto ETF approved in the US.