This Week's Highlights
The Crypto Industry is Pushing the Trump Team to Launch Crypto Policy Reform on His First Day in Office
According to industry officials, the crypto industry is pushing Trump's team to issue an executive order on his first day in office this month to launch the crypto policy reform he has promised, helping to drive token mainstream adoption. The industry hopes he will fulfill his promise by creating a Bit inventory through an executive order, ensuring the industry can access banking services, and creating a Crypto Council.
The Internal Revenue Service (IRS) has issued final regulations requiring brokers to report digital asset transactions, bringing DeFi platforms into the existing tax framework. The rule will take effect in 2027, mandating brokers to disclose transaction details, including total proceeds and taxpayer information. Brokers must begin collecting and reporting data from 2026. The IRS estimates that 650 to 875 DeFi brokers will be affected, potentially impacting up to 2.6 million taxpayers.
Wintermute: Enterprises Emulating MicroStrategy Adding Bit to Balance Sheets May Become a 2025 Trend
An analyst at market maker Wintermute said that enterprises leveraging their equity to emulate MicroStrategy's approach of adding Bit to their balance sheets may become a major trend by 2025. Wintermute OTC trader Jake Ostrovskis said: "I think next year you're going to see a pretty big push from enterprises and also publicly traded companies that are trying to get exposure. You're probably going to see a lot of smaller companies jump in as well."
Market Analysis
Bit (BTC)
Bit prices did not see significant volatility during the Christmas period, but on Monday, as MicroStrategy again increased its Bit holdings by $209 million, market sentiment turned positive. Since the announcement on December 30, the Bit price has rebounded 6.8% and regained the key $97,800 level on Thursday.
Currently, the Bit price is facing resistance at the 20-day exponential moving average (EMA) of $96,278. Meanwhile, the relative strength index (RSI) is approaching 45, indicating the market is still in a relatively weak state, with the bears slightly in the lead. In this context, BTC may retest the $90,000 to $85,000 support zone, which has strong buy-side interest and could be the starting point for a market rebound.
If the bulls can break through and stabilize above the moving average, it may open the door for further price appreciation. If the $100,000 psychological barrier is breached and held, the market may test the previous high of $108,353. Therefore, $100,000 will be a key technical resistance level, and a break above it could trigger more significant upside momentum.
Ethereum (ETH)
Ethereum started a rebound on December 31, but selling pressure is heavy around the 20-day EMA ($3,469). If the price breaks below the uptrend line and closes lower, ETH/USDT may pull back to $3,200, potentially testing the $3,000 support area. It is expected that buyers will actively support the price in the $3,000 to $2,850 range.
The first clear rebound signal for the market will be the price breaking above and stabilizing above the moving average ($3,469), indicating that buying interest at the lows is gradually emerging. If the price breaks and holds above $3,555, it may accelerate the uptrend.www.bitfi.one
Disclaimer
The above content is only for market analysis and opinions, and does not constitute any investment advice. Investing in digital assets carries high risks, so please fully assess your risk tolerance before making any investment decisions, and consult with professional financial advisors.
