Pantera Optimistic About Bitcoin: What Happened to Cryptocurrency Today?

📊 Bitcoin dropped from $95,000 to $90,000 in the blink of an eye.

And while your portfolio is still processing that drop, it’s already bounced back to $93,000 as if it’s testing our nerves.

The chart that looked so optimistic yesterday suddenly doesn’t seem to mean much today.

Some analysts are throwing terms like “bull trap” and “price correction,” but it’s the timing that makes this interesting.

With Trump’s inauguration just 6 days away, the market seems caught between FOMO and uncertainty. Those who called for a $120,000 price just last week are now lost in technical analysis, trying to figure out what just happened.

Maybe Bitcoin is just being Bitcoin.

Anyway, there’s a lot happening in the cryptocurrency world right now, and we need to understand it all. Here are today’s biggest stories:

1. The Fed’s move caused Bitcoin to crash hard — dropping from $95,000 to $90,000 before bouncing back to $93,000. Are we witnessing another “higher interest rates, lower crypto” moment? 🎢
2. Coinbase won a round against the SEC as judges called the commission’s approach to crypto “arbitrary.” Will other exchanges use this as leverage? ⚖️
3. Pantera Capital believes Trump’s inauguration could be bigger than a Bitcoin ETF approval. But could this just be another “buy the rumor, sell the news” trap? 📈
4. Tether is packing up and heading to El Salvador, with executives becoming citizens. What’s the real story behind this sudden move to a Bitcoin-friendly country? 🌎
5. MicroStrategy just added 450,000 BTC to its holdings, while reserves on exchanges are at their lowest in 6 years. Why are whales accumulating while retail seems scared? 🐋

Let’s explore these!

🌟 Fed’s Rate Cut Move Sends Bitcoin Reeling

Bitcoin just had an unexpected turn, dropping below $90,000 for the first time since November. What’s to blame? Growing doubts about the Federal Reserve’s rate cut plans.

Bitcoin had comfortably been over $100,000 just a few days ago, and not long ago, it hit an all-time high of $108,000. But then, the Fed made its move.

🌟 Coinbase Wins a Small Battle with the SEC

The SEC just got criticized by federal judges for being too vague about cryptocurrency regulations.

The U.S. Court of Appeals sided with Coinbase, calling the SEC’s approach to denying clear crypto rules “arbitrary and capricious.” That’s legal speak for “it doesn’t make much sense.”

Judge Stephanos Bibas pointed out that while the SEC claims to be fighting fraud, its current strategy of “sporadically applying mismatched rules” could put the whole industry at risk.

🌟 Why Bitcoin Could Break Records After Trump’s Inauguration

Pantera Capital just shared an interesting perspective on Bitcoin’s future, going against the usual Wall Street narrative.

Remember when people expected Bitcoin to collapse after an ETF approval? Instead, we saw the price surge 100%, with over $40 billion pouring into Bitcoin ETFs. Now, Pantera believes Trump’s inauguration could spark a similar move.

Wall Street’s traditional playbook says “buy the rumor, sell the news.” But crypto seems to be writing its own rules lately. While Bitcoin cools down after its recent highs of $100,000, there’s still a lot of buzz about what might happen after January 20.

Strike CEO Jack Mallers thinks Trump could make Bitcoin a reserve asset through an executive order on Day 1. Plus, Trump is choosing some familiar faces in the crypto space for key positions—Paul Atkins as SEC Chairman and David Sacks as the White House’s AI and crypto director.

The recent price drop? It’s likely more related to the Fed’s hardline interest rate policy than concerns about Trump’s crypto policy.

🌟 Tether Heads to El Salvador

The world’s largest stablecoin issuer, Tether, is shifting its operations from the British Virgin Islands to El Salvador.

This isn’t just a simple office move. Tether’s top executives have laid down roots, becoming citizens and acquiring real estate in the Central American nation in 2024.

CEO Paolo Ardoino says this isn’t just about favorable regulations. El Salvador’s growing Bitcoin community and its financial innovation approach played a huge role in the decision.

🌟 MicroStrategy’s Bitcoin Buying Hits a New Milestone

MicroStrategy isn’t letting Bitcoin dip below $100,000 go to waste. The company just invested another $243 million in BTC, bringing its total holdings to over 450,000.

That’s not even the most interesting part. While MicroStrategy has been busy buying at around $95,972 per Bitcoin, something unusual has happened on exchanges—the Bitcoin reserves have dropped to their lowest levels since 2018.

This is not investment advice.

Source

#COINMAP

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