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CoinDesk Podcast Network

COINDESK DAILY: Pro-Crypto Trump Anticipation Triggers $100K Bitcoin Volatility

CoinDesk Podcast Network

CoinDesk

Tech News, Business News, Daily News, News

4.7698 Ratings

🗓️ 16 January 2025

⏱️ 4 minutes

🧾️ Download transcript

Summary

Host Christine Lee breaks down the latest news in the crypto industry as bitcoin regained $100K days ahead of the Inauguration Day. Bitcoin spiking to $100K ahead of President-elect Donald Trump's inauguration on Jan. 20 as traders anticipate pro-crypto announcements from the new administration. CoinDesk's Christine Lee reports the top headlines of the day on "CoinDesk Daily". - From our sponsor:  In Chinese, belief means trust. For 10 years, Consensus has united those who believe in building a new internet where everyone has value. Join us at Consensus Hong Kong February 18 - 20, 2025 where belief becomes real. Connect with global leaders, innovators, and investors shaping the future of Web3, and experience the power of collaboration at the industry's most influential event. Register now: https://go.coindesk.com/3BeigBq - This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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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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