Analyst: Positive inflation data and Trump's crypto policy expectations drive crypto market up
According to a report by The Block, analyst Min Jung from Presto Research pointed out that the main drivers behind Bitcoin's breakthrough of $100,000 were two factors: lower-than-expected CPI data temporarily eased inflation concerns, and expectations related to Trump's policies.
Previously, Trump planned to issue an executive order designating cryptocurrency as a national strategic priority, and consider establishing a cryptocurrency advisory committee, while exploring the establishment of a reserve system based on USDC, SOL, XRP and other cryptocurrencies issued by the United States.
Jung emphasized that although the market holds a cautious optimistic attitude towards the slowdown in inflation, investors are still closely watching the sustainability of inflation pressure, and it is expected that news related to Trump's national Bitcoin reserve may further trigger market volatility in the near future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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