The recent cryptocurrency market has faced a dual negative impact. On one hand, the Supreme Court has introduced new tax rules for cryptocurrency transactions, which means each transaction will face additional fee pressures—similar to the cumulative effect of rising everyday goods prices. On the other hand, MSCI announced it will remove Bitcoin from its relevant indices on January 15, potentially triggering a collective rebalancing by institutional investors. Market sentiment has thus been under significant pressure. In the short term, policy uncertainties indeed put stress on traders. But from a deeper perspective, these changes also carry information: How much tax will the government specifically impose? Will MSCI’s delisting decision trigger a chain reaction? The answers to these questions will be key to the subsequent trend. Several noteworthy points: First, the details of the tariffs are still not fully clear, and the market may face psychological pressure rather than substantial impact. Second, the scale of MSCI’s cryptocurrency-related funds is not large, and its influence may be overestimated. Third, changes in cryptocurrency policies tend to be rapid and frequent, making it easy to fall into passive positions when chasing highs or cutting losses. From a historical perspective, each policy shock often presents opportunities for rebalancing. The key is to distinguish between short-term noise and long-term trends. The performance of mainstream coins such as Bitcoin, Ripple, Litecoin, and Dogecoin will continue to be influenced by these policy factors, and investors need to closely monitor policy details and market reactions.

XRP WHY IT GOES UP?! ---\> TRUTH BAIT!!

XRP has been really hot these days—surging 12% in 24 hours, once reaching close to $2.4, becoming the most resilient asset in the entire market. This rally didn't come out of nowhere; let's take a look at the underlying logic. Major institutions have indeed taken aggressive actions this time. Spot ETF investments alone poured in $46.1 million in a single day, representing real incremental capital. Meanwhile, XRP reserves on exchanges have fallen to an eight-year low, indicating tightening market liquidity. On one side, institutional buy orders on the demand side; on the other, scarcity expectations on the supply side. When these forces align, the market moves. Looking at on-chain data again, the large holder long-short ratio has risen to 2.26, and the average holding cost is around $2.12—what does this mean? Large funds have already set up their positions and are now in profit. The market's biggest fear is the atmosphere of "the wealthy have all bet correctly," which can attract follow-on capital. However, it's also worth noting that on the hourly chart, the RSI is approaching the overbought zone, and in the short term, there may be pressure from profit-taking. From a broader perspective, XRP's recent performance also reflects a more noteworthy phenomenon: as regulatory frameworks become clearer, traditional institutions are systematically scanning for crypto assets that have real use cases and are compliant. This "reassessment of compliance" logic could continue to influence capital flows in the upcoming cycles.