MARKET SUMMARY SO FAR

On Friday, January 24, 2025, the cryptocurrency market is experiencing significant movements, influenced by recent political and economic actions.

Bitcoin Movement:

Bitcoin (BTC) is trading at approximately US$$ 105.182, registering a 3.2% increase in the last 24 hours. This appreciation occurs after a correction the previous day, interpreted by experts as a "sell-in-fact" following the announcement of government measures in the USA.

US Government Actions:

US President Donald Trump signed his first executive order related to the digital asset sector. The measure prohibits the creation of digital currencies by central banks in the country, establishes a working group led by David Sacks to develop favorable regulations for the sector and proposes the creation of a "strategic reserve of digital assets" by the US government.

International Reactions:

In response to the US initiatives, members of the European Central Bank have suggested the creation of a digital euro. The proposal aims to strengthen Europe's position in the global financial landscape and offer an alternative to US-promoted cryptocurrencies.

Market Analysis:

Analysts point out that Bitcoin has been oscillating between US$ 90.920 and US$ 109.588 since November 2024, with short-term support at US$ 97.200 and US$ 92.400, and resistance at US$ 106.850 and US$ 109.588. The recent correction is seen as healthy, especially after significant upward movements.

Furthermore, the Fear and Greed Index, which measures crypto market sentiment, indicates a “greed” level of 75 points, suggesting prevailing optimism among investors.

These developments highlight the growing influence of government policies on the cryptocurrency market and the importance of monitoring international reactions and technical analysis to understand future trends.#TrumpCryptoOrder#CryptoSurge2025 $BNB $BTC