$TRUMP: American First, Crypto First? The Bitcoin Rally Might...

Author

Markus Thielen
January 19, 2025

👇1-14) Bitcoin has already followed the trajectory outlined in our January Game Plan, reaching $106,000 around Trump’s inauguration. Several factors are driving this momentum: Bitcoin ETF inflows have surged sharply following the inline CPI report, and a dovish tone from a Fed governor post-CPI suggested a rate cut could be on the table as early as March.

👇2-14) While the Fed and Chair Powell may maintain a relatively hawkish stance later this month, market participants might overlook it, focusing instead on the positive momentum spurred by Trump’s new policies and a laissez-faire sentiment toward regulation. This optimism could sustain the current bullish trajectory.

👇3-14) $TRUMP has emerged as the most actively traded coin on Binance, recording an impressive $6.3 billion volume over the past 24 hours—surpassing $SOL ($5.4 billion) and even $BTC ($5.1 billion). While many dismiss $TRUMP as just another meme coin, it is more accurately classified as a ‘fan token.’ Holders use it to celebrate the market gains following his November election and express support for potential crypto-friendly policies under Trump’s new administration. As a fan token, it also offers potential utility, with the possibility of airdropped perks such as exclusive event access, news, and other gated benefits directly to holders' wallets.

Bitcoin Dominance Rising (LHS) and Crypto Market Cap rising (RHS)

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