On January 21, 2025, Bitcoin successfully held above the $100,000 mark and saw notable gains in altcoins like VET, ENA, LINK, and LDO. This price resilience occurred amid heightened volatility in the options market and growing trader risk aversion following President Trump's recent inauguration speech, which did not mention cryptocurrencies or a strategic Bitcoin reserve. Analysts speculated that uncertainty surrounding MicroStrategy's shareholder vote on increasing its authorized shares for Bitcoin purchases and potential tariffs on Canada and Mexico contributed to market dynamics. Despite early disappointments under the new administration, Bitcoin's stability was noted by observers like Valentin Fournier, suggesting a positive outlook amid evolving regulatory conditions. The launch of the TRUMP memecoin is seen as a catalyst for increased interest in BTC and SOL. Events to watch include MicroStrategy's upcoming shareholder vote and significant SEC deadlines for ETF proposals. Overall, while the crypto landscape faces challenges, the market maintains cautious optimism about future growth and developments.

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