【January 22 Market News and Data Analysis】

1、#TRUMP Davos Speech Summary: Will not use force against Greenland, reaffirmed support for cryptocurrency, market rebounds;

2、#usa M2 money supply reaches a historic high;

3、X platform has 6 major updates in 10 days, which will have a profound impact on the cryptocurrency community;

4、The latest text of the U.S. Senate Agricultural Committee's cryptocurrency market structure bill failed to reach an agreement with the Democrats.

Trump delivered his latest speech at the Davos Forum, where he downplayed geopolitical disputes and emphasized that the Greenland issue would not be resolved by force, expressing an optimistic outlook for the stock market; on the other hand, he clearly supported the development of cryptocurrencies, stressing that the U.S. needs to consolidate its position as the "global cryptocurrency capital," and revealed that Congress is advancing related market structure legislation. Additionally, he announced the appointment of a new Federal Reserve chair, but also expressed concerns about decision-making independence.

From the perspective of the impact on the cryptocurrency market, especially on #BTC , in terms of liquidity, M2 reaching a historic high indicates that the macro environment remains ample, traditionally benefitting risk assets including Bitcoin. On the policy level, Trump reiterated his support for the cryptocurrency industry, and the advancement of market structure legislation (albeit possibly slightly delayed) significantly enhances the long-term expectation of a clearer U.S. regulatory framework, which will help attract traditional capital. Short-term market sentiment is boosted by his reassuring remarks. However, the uncertainty regarding the new Federal Reserve chair may lead to volatility in monetary policy expectations. Overall, ample liquidity and improved regulatory prospects constitute major benefits, and it is expected to enhance market confidence in Bitcoin as a digital asset, but attention should be paid to the specific implementation pace of the bill and changes in Federal Reserve personnel.