Cryptocurrency Summary

Bitcoin has seen significant fluctuations, recently dropping below $90,000 amid a fading risk appetite from traders, which is attributed to upcoming macroeconomic events. In the crypto market, Ethereum, Solana, and Cardano have all experienced declines as traders engage in profit-taking, particularly from Bitcoin.

Notably, XRP Spot ETFs have demonstrated a unique 30-day inflow streak, contrasting with Bitcoin and Ether's performance. Meanwhile, there is speculation around Bitcoin's liquidity wave being fueled by oil-rich investors, as analysts suggest that its four-year cycle remains intact but is heavily influenced by political and liquidity factors.

Michael Saylor has been advocating for nations to develop Bitcoin banks, emphasizing the asset's growing importance in global finance. Celebrity endorsements are resurging, with figures like Tristan Thompson and Iggy Azalea promoting crypto again, reflecting a renewed interest in the sector as Trump returns to office.

However, recent investigations reveal that over 60% of ongoing crypto cases have seen eased scrutiny or dismissal under the current administration, raising questions about regulatory consistency.