Light Market Update: Trump’s inauguration

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.

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Pre inauguration thoughts

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Post-inauguration thoughts

Good evening, all. Simply speaking, overall, it's pretty boring. Nothing really happened, and it was a completely nothing burger. Looking back now, the tension going into it this morning was very high, so to have BTC at $103,700 as we speak and Crypto hasn't yet been mentioned, I'd say, is positive.

Now, it's possible that we have some pro-Crypto Executive Orders to come today, although there was a leak that Crypto wasn't going to be mentioned in these Executive Orders and that the majority of them are focused on the border and immigration. But let's see what the remainder of the US day-time brings on this front.

Ultimately, BTC at $103,700 and SOL just shy of $250 isn't bad at all. But can the Yellow Buy Boxes be hit on other coins, e.g., ETH, WIF and POPCAT? Yes, we think it might be possible. But we don't expect BTC or SOL to do that. Instead, we expect them both to remain relatively strong. Let's see on this front.

Right now, we'll wait to see what the next few days bring, as it's possible we'll still get more twists and turns here. We're not panicking here, nor are we 100% risk-on fully deployed right down the risk curve. Potentially, the right approach currently is to have a bit of USDT, heavy in majors, and a bit of memes/alts. Let's see how the week develops and then potentially make more conclusive decisions from there.

See you all tomorrow for a fresh Market Update.

LFG!!!