I’m gonna need a loud, chest-thumping “LET’S FKN GOOOO”

And I’m sure you know why..

Yesterday the crypto market casually woke up and added $130 BILLION in market cap like it was nothing. $BTC ( ▼ 1.65% ) did most of the heavy lifting, tacking on $78.5B by itself and dragging the rest of the market along for the ride.

Naturally, we spent the rest of the day asking the most important question:

What caused this, and who do we thank for it?

So here’s the short list of our four suspects.

December CPI printed at 2.7%, exactly in line with expectations.

No upside surprise. No inflation jump scare.

That keeps the door open for future rate cuts, which is generally good news for risk assets like crypto. But odds of the Fed skipping a rate cut this month actually slightly increased.

So this was not a “rate cuts confirmed” pump.

This was more like “inflation didn’t ruin our day” optimism.

Markets will take that and run every time.

This one matters more than most people realize.

Both Stablecoin Dominance and USDT Dominance broke below the range they’ve been stuck in since mid November.

Translation: Money is moving out of stables and back into risk.

Textbook risk-on behavior and exactly what you want to see before alts start acting feral.

When stablecoin dominance drops, crypto confidence goes up. Simple as that.

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Yesterday, the Senate Banking Committee dropped the full text of the Market Structure Bill, also known as the CLARITY Act.

But why does this matter?

This bill would officially treat major coins the same way regulators treat $BTC ( ▼ 1.65% ) & $ETH ( ▼ 0.9% )

We’re talking about names like:
- $XRP ( ▼ 1.3% )
- $SOL ( ▼ 3.04% )
- $LTC ( ▲ 2.12% )
- $DOGE ( ▼ 1.41% )
- $LINK ( ▲ 4.57% )
- $HBAR ( ▲ 3.69% )

If this passes, those assets move from “regulatory maybe” to “institutionally safe.” And when assets become safe, big money is allowed to touch them.

The Senate Banking Committee will hold its markup today to amend and vote on the bill.

Another key piece will be how the Senate Agriculture Committee, which has jurisdiction over the CFTC, plans to move forward.

But, that committee just postponed its hearing from Thursday to later in January.

Markets are forward looking, so even small progress is enough to spark positioning.

Deep pockets love clarity. Chaos is for retail.

$BTC ( ▼ 1.65% ) also decided it was done chopping after four months of ranging, and finally broke out of the $94k resistance and tagged the next major resistance around $98K.

Next upside target sits near $103K. But before everyone starts screaming new highs, there’s a catch. There has been no proper daily retest of the $94K zone yet.

That level is critical. A pullback into that area would be healthy and would actually strengthen the bullish case if it holds.

The good news is structure has flipped bullish on higher timeframes for the first time in months. As long as $94K holds, there’s no real reason to be bearish here.

Pullbacks are setups, not panic buttons.

Okay degens, now it’s time to dive into our weekly charts and see whether this momentum is going to continue up, or whether we are just stuck in another bull trap.

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