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Analyst: Better inflation data and Trump crypto expectations drive crypto market gains
Editor
2025-01-17 12:01 1,348
Golden Finance reported that according to The Block, Presto Research analyst Min Jung pointed out that Bitcoin's breakthrough of $100,000 was mainly driven by two major factors: lower-than-expected CPI data temporarily alleviated inflation concerns, and Trump-related policy expectations. Previously, Trump planned to issue an executive order to designate cryptocurrency as a national strategic priority, and consider establishing a cryptocurrency advisory committee, while exploring the establishment of a reserve system based on U.S.-issued cryptocurrencies such as USDC, SOL, and XRP. Jung emphasized that although the market is cautiously optimistic about the slowdown in inflation, investors are still paying close attention to the persistence of inflationary pressure, and it is expected that news related to Trump’s national Bitcoin reserve may further trigger recent market fluctuations.
Keywords: Bitcoin
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