Volatile and waiting days for bitcoin and other cryptocurrencies. In the past few hours they have first fallen into tandem with the tech giants, in the wake of the fears that the advent of the Chinese deepseki can put the investments and assessments of the US companies in the sector in discussions, and then raised their heads. In the early morning of January 28 Bitcoin Taken to 102.7 thousand dollarsaccording to CoinMarketCap data, upwards of 3.6% in the last 24 hours and showing a raised trend of just 1.2% in the last week.
Focus on the Trump Administration
Digital assets are however experiencing days of waiting, hoping that the new Trump administration will define the first measures for the sector. The community of cryptocurrencies remained in fact disappointed by the fact that the cryptocurrencies have not been mentioned in Trump’s initial speech or included in any executive order so far. However, last Thursday he finally faced the cryptocurrency industry by signing an executive order to support the growth of the sector. In the meantime, Senator Cynthia Lummis has been appointed president of the Senate’s bank subcommittee on digital activities, relaunching the promise of the campaign to create one strategic reserve of Bitcoin.
Among the executive orders signed so far, theNational Energy Emergency It could also have significant economic implications for cryptocurrencies. It will be expected that it will accelerate permits for infrastructure for fossil fuels, increasing the supply of oil and gas in the United States, and this development could be bullish for “miner”Bitcoin based in the United States.
The affluent money on crypts
According to CoinShares data, investment products in digital activities have however had one Very strong week last week, registering 2.2 billion dollars of influencewith Bitcoin alone who represented 1.9 billion dollars. Strong flows have also continued this week, with 1.34 billion dollars of afflusted so far, of which 1.1 billion in Bitcoin and 191 million in Ethereum. “The large flows are most likely connected to the euphoria of the Trump settlement and the attention that revolves around the Trump and Melania coins,” comments CoinShares.
The increase in tokens
Meanwhile, the flow of new cryptocurrencies continues. According to data from Cryptopresales.comThe Total number of cryptocurrencies has risen to a Record of 10,700 last week, exceeding the previous 2022 peak of 300 units. Since the boom in the early 2022, the total number oscillated between 8,500 and 10,000, with hundreds of new tokens launched every time it started a rally race.
On this front, however, critical positions come by one of the most listened leaders. Brian Armstrong, CEO of Coinbasein fact he wrote in the last hours of X that “We must rethink our listing process on Coinbase Since about 1 million token per week are now created, and growing. A high quality problem to have, but evaluate them one by one is no longer feasible. And the regulators must understand that requesting approval for everyone is totally unattainable at this point (they cannot do 1 million per week) “.