COINDESK DAILY: Pro-Crypto Trump Anticipation Triggers $100K Bitcoin Volatility
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 16 January 2025
⏱️ 4 minutes
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| 0:43.9 | Wondery, UK. That's audible.com slash Wondery UK. |
| 0:49.8 | Lots of crypto market volatility ahead of President-elect Donald Trump's inauguration. It's Thursday, January 16th, 2025. |
| 0:57.8 | I'm Christine Lee. This is Coiness Daily. |
| 1:04.5 | We all want to believe in something. In Chinese, belief also means trust. We want to trust our systems and each other, so we can build a future beyond what we know. |
| 1:15.7 | Join us at Consensus Hong Kong, where belief becomes real. |
| 1:19.7 | Bitcoin spiking above $100,000 Thursday morning in Asia, following one during the U.S. afternoon on Wednesday, before subsequently retreating. |
| 1:29.5 | Bitcoin remains in a consolidation pattern since hitting a record high of 108,000 in mid-December, |
| 1:35.9 | putting in a series of lower highs. The spark for its next breakout may be the Monday, January 20th |
| 1:41.7 | inauguration of President Trump. Matt Mena, a crypto research strategist at 21 shares, saying Trump's well-documented support |
| 1:49.5 | for pro-growth policies and his track record for favoring asset price appreciation further |
| 1:54.1 | reinforces the bullish outlook for Bitcoin and risk assets more broadly. |
| 1:58.3 | The bullish forecast is consistent with a rally in traditional assets, |
| 2:01.8 | especially the NASDAQ 100, which surged over 2% on Wednesday. Meanwhile, the rally in the dollar |
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