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After a rough start to the week, the Bitcoin price soared past the $100,000 psychological milestone on Friday and briefly hopped back above $105,000, spurred by optimism as investors prepare for pro-crypto President-elect Donald Trump to assume control of the White House on Monday. Bitcoin Price Briefly Tops $105K After the latest market meltdown, the Bitcoin price has breached the six-figure realm, signaling that the bulls are now in command. The largest and oldest crypto asset gained over 4% in the last 24 hours, rising from just under $90,000 on Jan. 13 to a price of $105,850, according to CoinGecko data. BTC has since cooled to $104,114 as of publication time. Nevertheless, the asset is just 3.5% away from its current all-time high price of $108,135, set in December 2024. Trump’s Swearing-In Is Only Days Away Expectations among crypto market observers are increasing as Donald Trump’s inauguration as the 47th president of the United States on Jan. 20 draws closer. Many anticipate that Trump will implement plans for crypto right from day one in office. The incoming president pledged pre-election to position the US as a leader in the crypto sector, including establishing a national strategic Bitcoin stockpile similar to gold. This is in stark contrast to the Joe Biden administration’s regulatory crackdowns and regulatory enforcement actions. If this were to be executed, the US Treasury would have to purchase one million BTC over five years, resulting in a supply crunch. Although direct government BTC buys remain uncertain, prohibiting sales of the US government’s current stash could reduce selling pressure and fortify the top crypto’s position as a legitimate asset class, further incorporating it into global financial markets. According to a Thursday Bloomberg report, Trump is looking to issue a pro-crypto executive order to elevate digital assets to a “national priority” shortly after his inauguration. Sources claim that this could include setting up a new crypto advisory council of industry leaders for policy recommendations. Trump is also expected to address crypto-debanking and repeal a bank accounting policy that compels banks to list crypto assets as liabilities. It’s worth mentioning that the New York Post recently reported that Trump is open to expanding a possible strategic reserve to include a basket of cryptos founded in the U.S., such as USD Coin (USDC), Solana (SOL), and Ripple’s XRP.
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New Ethereum Layer-2 Scaler Soars to Top of Santiment’s Rankings of ERC-20 Coins by Development Activity
A relatively new Ethereum ( ETH ) layer-2 scaling solution has soared to the top of Santiment’s rankings of ERC-20 coins in terms of recent development activity. The crypto analytics firm notes that Starknet ( STRK ) clocked 401.97 notable GitHub events over the past 30 days. Starknet is a decentralized validity rollup, otherwise known as a zero-knowledge (ZK) roll-up. Rollups are solutions that execute transactions outside of Ethereum’s blockchain but record the transactional data. The project launched its token last February. STRK is trading at $0.455 at time of writing. The 119th-ranked crypto asset by market cap is up more than 7% in the past 24 hours. Starknet surged past last month’s most-developed project, the decentralized oracle network Chainlink ( LINK ), which registered 311.57 notable GitHub events. Ethereum itself was third, with 219.13 events. An ERC-20 project is a standard that developers use to issue tokens on the Ethereum blockchain. Santiment notes that it doesn’t count routine updates and utilizes a “better methodology” to collect data for GitHub events based on a “backtested process.” The analytics firm has previously said that heavy development activity centered around a crypto project indicates developers believe in the protocol. Development activity also suggests a given project is less likely to be an exit scam. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post New Ethereum Layer-2 Scaler Soars to Top of Santiment’s Rankings of ERC-20 Coins by Development Activity appeared first on The Daily Hodl . ZyCrypto
Here’s what whale’s $2.1M investment means for PEPE’s price action
Whale activity and technical patterns pointed to a cautious, but promising outlook for PEPE. ZyCrypto
