XRP News Today: Will the closed SEC meeting decide the fate of Ripple? BTC eyes 105 thousand dollars

US BTC-Spot Etf Market enhances the demand for bitcoin

On January 29, the ETF market in the United States may record a second consecutive day of net flow. According to Farside Investors, PTC-Spot ETF, the two sources-with the exception of Blackrock (BLK(Ishares Bitcoin Trust)IbitI mentioned $ 120.4 million in total net flows.

The flow trends have confirmed investor morale towards the Federal Reserve Path. However, the request has declined to follow up on the recent US President Trump’s encryption Executive orders (EO).

President Trump has created a presidential working group in the digital asset markets. While some hope that this will lead to a file Bitcoin strategic reserves (SBR), focus on evaluation instead of implementing the BTC stock.

However, a possibility remains for SBR USA. Senator Centeh Lomes, Chairman of the Senate Banking Services Committee, presented the Bitcoin Law in late 2024. The draft law suggests that the US government obtain a million BTC companies over a five -year period, with a mandatory period of 20 years.

A million -purchase strategy and retaining a million would greatly transform the balance and demand balance in favor of BTC. Amicus Curiae John E. Deaton Propagate BTC can reach one million dollars sooner than expected if Congress succeeds in the Bitcoin Lummis Law.

The Congress and the Federal Reserve, the Treasury and the President must He depends Strategic reserve assets.

Bitcoin price expectations

On Wednesday, January 29, BTC advanced 2.27 %, reflecting a 0.69 % loss, with a closure of $ 103667.

BTC price trends depend on the upcoming inflation data, instant ETF flows, and encryption activity on Capitol Hill.

• On Friday, the most enlarged inflation numbers can enhance ETF BTC-Spot flows, which increases the record of $ 108,231.
• High inflation, delay in the United States BTC-SPOT ETF, and delay in SBR USA PTC pulling about 95 thousand dollars.