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Why Is the Crypto Market Down Today?

The cryptocurrency market is experiencing a downturn, with total market capitalization falling by 3% to $3.54 trillion. Key factors include delayed crypto-related executive orders, broader macroeconomic indicators, and technical resistance levels.

• Main Points:

  • Delayed Executive Orders:

    • Optimism around pro-crypto policies under President Trump’s administration has yet to materialize.

    • Proposed policies, including a Strategic Bitcoin Reserve and capital gains elimination for US-born crypto, face scrutiny.

  • Macroeconomic Pressures:

    • Strong US services sector growth has boosted Treasury yields and the US dollar.

    • The Federal Reserve signals fewer interest rate cuts in 2025, dampening risk-on sentiment.

  • Technical Resistance:

    • Crypto market cap lost support at the 50-SMA ($3.5 trillion).

    • Relative strength index (RSI) dropped to 44, indicating reduced buying momentum.

• Detailed Insights:

  • Executive Order Delays:

    Early optimism for crypto-friendly measures under Trump has been met with disappointment, with no major announcements so far. Plans for a Strategic Bitcoin Reserve and a crypto advisory council remain unconfirmed.

  • Macroeconomic Context:

    Strong economic data and Trump’s proposed tariffs on key trading partners have strengthened the US dollar. The Federal Reserve’s hawkish stance further pressures risk assets, including cryptocurrencies.

  • Technical Analysis:

    TOTAL, the combined market cap of cryptocurrencies, dropped below its 50-SMA, now acting as resistance. Key support is at $3.43 trillion, while resistance lies at $3.61 trillion, the Jan. 21 high.

Related: Bitcoin Price Watch: Key Levels to Watch for $100K Retest

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BlackRock CEO Foresees Bitcoin Reaching $700,000

Larry Fink, BlackRock CEO, predicts Bitcoin could soar to $700,000 if sovereign wealth funds increase their crypto allocations. Growing institutional interest and economic uncertainty are accelerating Bitcoin’s adoption as a mainstream asset.

• Main Points:

  • Sovereign Wealth Funds Eye Bitcoin: Potential 2%-5% allocations could significantly boost Bitcoin’s value.

  • Economic Instability Drives Adoption: Bitcoin is seen as a hedge against currency debasement.

  • Bitcoin ETF Success: BlackRock’s iShares fund holds $60 billion in Bitcoin.

  • Wall Street Bullish: CEOs of major banks highlight Bitcoin’s potential as a payment and investment asset.

  • Blockchain Technology Advancements: Experts anticipate its importance in shaping the financial system.

• Detailed Insights:

  • Sovereign Wealth Funds: Allocating 2%-5% to Bitcoin could propel prices to $500,000-$700,000.

  • Currency Hedge: Bitcoin offers a safeguard against political and economic uncertainties.

  • Record-Breaking ETF: BlackRock’s iShares fund signals rising institutional trust in Bitcoin.

  • Bank of America CEO Brian Moynihan: Advocates crypto as a transactional product akin to Apple Pay.

  • BNY CEO Robin Vince: Sees blockchain assets as vital to the financial system over the next two decades.

Related: Why is Solana (SOL) Price Up Today?

Bitcoin’s growing recognition among institutional players underscores its transformation into a mainstream financial asset. Stay tuned for more updates on its trajectory.

Robert Kiyosaki Rejects TRUMP Coin, Reaffirms Faith in Bitcoin

Robert Kiyosaki, author of Rich Dad Poor Dad, criticized speculative ventures like TRUMP Coin while doubling down on Bitcoin as a reliable store of value.

• Main Points:

  • Kiyosaki dismissed TRUMP Coin and criticized the speculative nature of new meme tokens.

  • He reiterated his preference for "real" assets, including Bitcoin, gold, and silver.

  • The author forecasted Bitcoin’s value to reach $250,000 by 2025.

• Detailed Insights:

  • Skepticism Toward TRUMP Coin: Kiyosaki labeled the official TRUMP Coin, launched on Jan. 17, as part of the crypto world’s transformation from "future" to "farce."

  • Preference for Tangible Assets: Advocating for tangible investments, Kiyosaki reaffirmed, “I hold my course buying real gold, real silver, and real bitcoin.”

  • Critique of ETFs: He expressed disdain for exchange-traded funds (ETFs), preferring direct ownership of assets over financial instruments.

  • Bitcoin’s Potential: Reiterating his bullish stance, Kiyosaki predicted Bitcoin’s price could soar to $250,000 by 2025, emphasizing its value as "people’s money."

Related: Crypto Under Trump: "Golden Age" Begins Amid Optimism for Bitcoin and Policy Clarity

Kiyosaki’s long-standing advocacy for Bitcoin as a hedge against inflation and financial instability underscores his commitment to foundational investment principles over speculative trends.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results