cryptotrading

The U.S. Department of Justice has issued grand jury subpoenas to the Federal Reserve, threatening a criminal indictment against Chair Jerome Powell over his congressional testimony on the Fed's $2.5 billion headquarters renovation project. This marks a dramatic escalation in President Donald Trump's long-running feud with Powell, whom he has repeatedly criticized for not slashing interest rates aggressively enough. In conclusion, this probe could undermine the Fed's independence, potentially forcing policy shifts that weaken the dollar and boost alternative assets like crypto in a volatile 2026 landscape.
Spotlight: Musk's X Smart Cashtags Feature
Elon Musk's X platform is developing "Smart Cashtags," a new tool allowing users to tag specific assets like stocks or crypto tokens/smart contracts in posts, linking directly to real-time prices, charts, and related discussions. Announced by X's head of product Nikita Bier, it's in testing with a public rollout planned for February 2026. In conclusion, this integrates financial data deeper into social media, potentially making X a key hub for crypto traders and boosting mainstream adoption.
Affects to the Crypto Market
The Trump-Powell feud is fueling a "debasement trade," where investors hedge against potential dollar weakness and policy uncertainty by shifting into crypto, leading to short-term gains in BTC and privacy coins amid risk-off sentiment in stocks. This could extend consolidation but open doors for bullish catalysts if dovish Fed moves emerge. Meanwhile, Musk's Smart Cashtags enhances crypto visibility on X, potentially driving retail engagement, real-time sentiment analysis, and trading discussions—long-term positive for adoption but with risks of misinformation in volatile feeds. Overall, market cap holds at ~$3.1T with neutral sentiment, but these developments add macro tailwinds for resilient sectors.
Cryptocurrencies Overview
Bitcoin ($BTC ): Around $90,700–$92,000 (up ~1% today), BTC benefits from safe-haven flows amid the feud, consolidating in $90K–$93K with neutral RSI (~48). Resistance at $93K; support $88.5K—watch for golden cross signals.Ethereum ($ETH ): At $3,130–$3,150 (mild +1–2%), ETH shows strength from Layer-2 growth and DeFi TVL near $200B, but ETF outflows (~$68M last week) limit upside. Targets $4,000+ in 2026; resistance $3,200.$XRP : Holding $2.03–$2.10 (flat to uptick), XRP outperforms with $38M ETF inflows and record volumes, driven by regulatory wins. Tight range suggests dip-buying; support $1.95.Solana (SOL): ~$135–$137 (stable), SOL rides meme/DeFi momentum but low volumes signal caution—support $130.Monero (XMR): Up ~18%, leading privacy coins on hedging against fiat instability—watch for continued rotation.
Upcoming to Watch
The U.S. Senate vote on crypto market structure bills (e.g., CLARITY Act) is set for January 15, 2026, aiming to clarify stablecoin regulations and exchange frameworks. A little guessing: With bipartisan support and Trump-era momentum, passage has a 60–70% chance, potentially sparking a 10–20% rally in majors like BTC/ETH by reducing uncertainty and attracting institutional flows; if delayed by politics, it could prolong current chop and pressure alts.
Alright traders — what's your take on all this?
Do you see the Trump-Powell feud as a real bullish tailwind for Bitcoin and privacy coins long-term, or just temporary macro noise that will fade?
Are you rotating into XRP or Monero right now, or still waiting for clearer signals?
And with Musk's Smart Cashtags coming to X soon, do you think it will change how you follow crypto news and sentiment?
Drop your thoughts, price targets, current positions, or any setups you're watching below — let's hear it! 👇🚀
#BTC #ETH #xrp #crypto #cryptotrading