XRP Information Immediately: Professional-Crypto Congress Boosts Sentiment for Ripple; BTC Hits $98ok…

Constructive market sentiment additionally drove demand for crypto-related shares, which had been below strain earlier within the week. MicroStrategy (MSTR) surged by 13.22%, whereas Marathon Holdings Group (MARA) jumped by 14.12%. Friday’s breakouts contributed to the Nasdaq Composite Index’s 1.77% rally.

Past the financial information, market sentiment towards a pro-crypto Capitol Hill additionally fueled BTC demand. ETF retailer President Nate Geraci shared a collage of pro-crypto posts, stating,

“Unsure why, however I get the sense one thing is perhaps altering w/ SEC’s strategy to crypto… Welcome to 2025.”

US BTC-Spot ETF Market Inflows Bolster Demand

On Thursday, January 2, the US BTC-spot ETF market posted web outflows of $242.three million. Nevertheless, demand shifted materially on Friday, January three, supporting a BTC transfer towards $100ok. Based on Farside Buyers:

• Constancy Smart Origin Bitcoin Fund (FBTC) noticed web inflows of $357.
• ARK 21Shares Bitcoin ETF (ARKB) reported web inflows of $222.6 million.

Excluding movement information for BlackRock’s (BLK) iShares Bitcoin Belief (IBIT), the US BTC-spot ETF market had web inflows of $655 million on Friday. US BTC-spot ETF market flows stay essential for BTC value tendencies.

US Strategic Bitcoin Reserve Proposal

Progress towards a US Strategic Bitcoin Reserve (SBR) might extra considerably influence BTC and the broader crypto market.

On Thursday, Anthony Scaramucci instructed the Trump administration might quickly purchase 500,000 BTC. Scaramucci listed the Senate Banking Committee Chair Tim Scott and Treasury Secretary Scott Bissent as advocates for an SBR. A major US authorities buy would tilt the supply-demand steadiness firmly in BTC’s favor, probably driving BTC to new highs.

Bitcoin Worth Outlook

On Friday, January three, BTC superior by 1.09%, following Thursday’s 2.60% rally to shut at $97,878.

Close to-term BTC value tendencies hinge on US-BTC-spot ETF market flows and US SBR developments. Bipartisan assist for an SBR and BTC-spot ETF market inflows might push BTC towards its file excessive of $108,231, whereas setbacks could pull BTC towards the $90,742 assist stage.