On January 6, 2025, the total crypto market capitalization increased by 1.04% to $3.53 trillion, with trading volumes rising 5.8% to $92.7 billion, indicating growing demand. Bitcoin is nearing the $100,000 mark, trading at $99,533, while Ether trades at $3,673. Anticipation surrounding Donald Trump's upcoming presidential inauguration on January 20 has contributed to market optimism, as stakeholders expect a pro-crypto regulatory environment under his administration. Ripple CEO Brad Garlinghouse and ARK Invest's Cathie Wood expressed their expectations of favorable changes for the sector. Macroeconomic conditions, such as easing inflation, also make cryptocurrencies more appealing as risk-on assets. Analysts suggest that a positive Consumer Price Index (CPI) report could bolster market momentum. Technically, the crypto market is trading within a pattern that suggests potential for a breakout if it exceeds $3.58 trillion, possibly leading towards a target of $4 trillion and beyond. However, caution is advised ahead of the Federal Open Market Committee (FOMC) meeting on January 29, which may impact market dynamics.

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