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January 15, 2025 7 mins

Bitcoin spent the past 24 hours with low volatility as it trades within a “narrowing triangle,” which may indicate that a breakout is close. The problem is, we don’t know which way that breakout will go and it may hinge on the FOMC meeting at the end of the month rather than on US President-elect Donald Trump’s inauguration next week. Nevertheless, Trump’s re-entry into office could spark serious inflows into Bitcoin with an upper price target of $249,000 this year! This is also spurred on by the growing momentum of governments looking at Bitcoin reserves. Then, outside of Bitcoin, Meta commits to free speech before it starts blocking links to competitors, and the CryptoPunks floor price spikes 13% in just three hours after a rumor circulates.

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