Donald Trump's upcoming inauguration distracts bitcoin investors

Over the past day, BTC has been slowly gaining ground at the 97 000 USD level. However, this has been in the context of declining trading activity, with turnover down by more than a fifth overnight and lower than a week ago.

Sentiment was also boosted this time by better-than-expected inflation data in the US, which in turn again adjusted investors' expectations for the Fed's monetary policy, with the expectation that interest rates will be cut further. Traditionally, new data can again adjust these expectations.

BTC price over the last 7 days:

10x Research also says that BTC, which is now hovering at less or more the same level, suggests that the price will take a clearer direction before the end of January, when the Fed's interest rate decision is expected.

In any case, predictions of a possible fall below USD 90,000 are not going away either - it is considered that if this level is broken for some reason, it could lead to a sell-off of the BTC ETF. Since last week, more than $1 billion of BTC bullion has been traded. After losing USD 10 million since last week, these funds regained USD 10 million yesterday. SEE

However, the BTC ETF market may be boosted by Thailand, which is also considering allowing the trading of such funds.

At the same time, analysts at J.P.Morgan say that the altcoin ETFs to be launched could raise a total of USD 14 billion. If such funds were allowed to be launched in the US, they could raise USD 14 billion. By comparison, the BTC ETF has raised $36 billion a year. The BTC BTC has raised USD 1.5 billion in capital in the past year.