This week, digital instruments resumed their growth: BTC is trading around 99000.00 ( 11.0%), ETH is at 3370.00 ( 10.2%), USDT is around 1.0007 ( 0.07%), SOL is at 260.00 ( 9.0%), and BNB is at 630.00 ( 1.8%), while the total market capitalization increased to 3.30T dollars, and the share of BTC on it reached 59.4%.

Investors expect cryptocurrencies to strengthen their positions after the announcement by the head of the US Securities and Exchange Commission (SEC) Gary Gensler that he will leave his post on January 20, 2025, the day President-elect Donald Trump takes office. The crypto community hopes that his place will be taken by an official more loyal to the industry, who could establish an effective dialogue between business and government, creating clear rules for the functioning of the market. In addition, the positive dynamics were facilitated by the discussions on the possibility of including BTC in the state reserve, as promised by Trump during the election campaign. This bill was proposed by Wyoming Senator Cynthia Loomis back in July. Over the weekend, in an interview with Bloomberg, the official confirmed her intention to defend it when the Republican Party gains a majority in Congress. According to the document, the government must purchase at least 1.0M BTC and store them for at least twenty years. Meanwhile, some states have already begun implementing similar initiatives at the local level. Thus, Pennsylvania legislator Mike Cabell introduced a bill to the local House of Representatives that would allow the Treasury to invest up to 10.0% of the budget in BTC to protect funds from economic instability. Similar negotiations on strategic reserving of the first cryptocurrency began in Texas this week, supporting the quotes.

Over the past four sessions, significant inflows into exchange-traded funds have resumed, and for Bitcoin ETF it amounted to 2862.8M dollars. At the same time, the total shares of digital sector companies directly related to cryptocurrencies, including MicroStrategy, Coinbase, and various Bitcoin miners, are increasing and reaching 50.0B dollars, according to Bloomberg estimates. Over the past 30 days, the growth of stablecoins on cryptocurrency exchanges has reached a historical high of 9.7B dollars, which indicates an increase in investor interest in the industry since the transition from fiat currencies to digital ones occurs via stable assets.

The fundamental background remains favorable for strengthening the upward dynamics but analysts note two negative factors that may cause a correction in the medium term. Thus, experts do not rule out traders would actively fix profits after BTC reaches 100000.00. In addition, tokens may come under pressure if the US Fed’s monetary easing cycle is suspended, which may follow in the event of an acceleration of inflation caused by tax cuts under the new White House administration.

Thus, the continuation of the upward dynamics of digital assets next week is the most likely scenario.