Bitcoin surged past the $95,000 resistance level on January 19, reaching a peak of nearly $98,000, driven by $1.4 billion in ETF inflows and a moderate core CPI of 2.6%. However, the price retreated to $92,000 following news of Trump's tariff imposition on eight countries, leading to $850 million in long liquidations, with Bitcoin and Ethereum accounting for half.
This week, market attention is focused on the Davos summit, where Trump will attend for the first time in six years, the EU's emergency summit on Thursday, and the core PCE data release on Friday. Regulatory developments include the CLARITY Act facing delays due to disagreements between Coinbase and the White House over stablecoin yields, Goldman Sachs exploring tokenization and stablecoin technology, South Korea passing a legal framework for tokenized securities, and the NYSE considering 24/7 trading through tokenization.
Bitcoin Surges Past $95k, Retreats Amid Tariff News
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