XRP News Today: Will SEC’s Closed Meeting Decide Ripple’s Fate? BTC Eyes $105K 

BTCUSD – 30 Minute Chart – 300125US BTC-Spot ETF Market Bolsters Bitcoin DemandThe US BTC-spot ETF market, on January 29, may register a second consecutive day of net inflows. According to Farside Investors, BTC-spot ETF issuers – excluding BlackRock’s (BLK) iShares Bitcoin Trust (IBIT) – reported $120.4 million in total net inflows.Flow trends underscored investor sentiment toward the Fed rate path. Nevertheless, demand has waned following US President Trump’s recent crypto executive orders (EO).President Trump created a Presidential Working Group on Digital Asset Markets. While some hoped this would lead to a Strategic Bitcoin Reserve (SBR), the order focused on assessing rather than implementing a BTC stockpile.Still, the potential for a US SBR remains. Senator Cynthia Lummis, Chair of the Senate Banking Subcommittee on Digital Assets, introduced the Bitcoin Act in late 2024. The bill proposes the US government acquire one million BTC over five years, with a mandatory holding period of 20 years.A one million buy-and-hold strategy would significantly shift the supply-demand balance in BTC’s favor. Amicus Curiae attorney John E. Deaton predicted BTC could reach $1 million much sooner than expected if Congress passes Senator Lummis’ Bitcoin Act.Congress, the Federal Reserve, the Treasury Department, and the President must approve a strategic reserve asset.Bitcoin Price OutlookOn Wednesday, January 29, BTC advanced by 2.27%, reversing Tuesday’s 0.69% loss, closing at $103,667.BTC’s price trends hinge on upcoming inflation data, spot ETF flows, and crypto-related activity on Capitol Hill.Softer inflation numbers on Friday could boost US BTC-spot ETF inflows, driving BTC beyond its record high of $108,231.
Higher inflation, US BTC-spot ETF outflows, and delays in a US SBR could pull BTC toward $95k.