Holiday is Over for Altcoin Rally in Bitcoin: This Date is Awaited for the Real Move! - Coin Bulletin

Record inflows to Bitcoin ETFs, combined with optimism about Trump's crypto policies, are creating expectations of an altcoin rally in the markets.

Trump's anticipated crypto policies and economic plans have created a positive sentiment among investors, leading to an increase in Bitcoin prices. Markets are spending the week with low volatility, while the possibility of strong US Non-Farm Payrolls data strengthening the dollar and suppressing risky assets is on the agenda. The FOMC meeting at the end of the month stands out as the most important volatility event of the month with signals of 'soft landing' in economic indicators.

A total of $987 million was invested in spot Bitcoin ETFs listed in the US on Monday, marking the highest daily inflow since November. Fidelity's FBTC ETF led with $370 million, followed by BlackRock's IBIT with $209 million, and Ark Invest's ARKB ETF with $71 million. 9 out of the 12 ETFs recorded net inflows, with no outflows in any of them.

The impact of Trump's crypto policies

Analysts say that Donald Trump's expected crypto policies and overall economic plans have created a positive sentiment in the markets. This situation indicates a movement that usually comes before an altcoin rally, by increasing Bitcoin prices.

BTSE COO Jeff Mei said, "The demand that was postponed in December due to the Fed's pessimistic outlook has returned to Bitcoin and cryptocurrencies with the end of the holiday season." Mei also added that traders started buying stocks and cryptocurrencies as Trump's inauguration approached.

Low volatility expected in the market: All eyes on Friday

SOFA Insights President Augustine Fan said that market volatility will remain low at the beginning of the week, but the US Non-Farm Payrolls (NFP) report to be announced on Friday will kick off the new trading year. It is noted that strong NFP data could increase the value of the dollar and lead to higher interest rates. This situation could put pressure on risky assets such as Bitcoin and stocks.

Fan pointed to the FOMC meeting as the most volatile event of January, saying that economic indicators could signal a "soft landing". These developments are expected to be decisive in the markets.

BTC1.11%
TRUMP1.33%
ART-8.17%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)