Total notional volume from last Monday through Friday came in at $2.8 billion, notably stronger than the week earlier.

Breaking it down per coin, bitcoin volume came in at $1.4 billion, 27% higher than the previous week. Ether volume came in at $454 million, 8% higher than the week earlier.

Total notional volume over the past 30 days comes in at $15 billion.

Looking at average position size over the past 30 days, we’re seeing average bitcoin position size at $9,506 and average position size for ether at $2,249.

Market volatility is trending back up towards the December peak. We’re looking at average daily ranges in bitcoin and ether of $4,437 and $213 respectively.

If there were any doubts about just how crypto friendly President Trump would be during his tenure as President, those doubts were significantly quieted over the weekend.

The crypto market has been in a frenzy since President Trump announced his official memecoin, which has risen to one of the largest market caps in crypto.  The coin was launched on Solana, giving the blockchain its own big boost.

The token has been followed up by the launch of the Melania Trump memecoin, which has also performed well thus far, trading well within the top 100 tokens.

As far as takeaways go, the move highlights President Trump’s embrace of crypto and belief that Americans should have the freedom to operate in the emerging asset class.

There is a logic here that would suggest that putting a stamp of approval on what could be perceived as the wildest of crypto assets (memecoins), is the best way to send a message of just how supportive the market should expect the administration to be when it comes to embracing crypto and making America a major player in the space.

Technically speaking, bitcoin has now broken to a fresh record high, which opens the door for the next major upside extension targeting a move towards $130k.

All eyes will now be fixated on today’s inauguration day to see what type of executive orders might come down with respect to crypto. There has been plenty of speculation around the formation of a strategic bitcoin reserve and more color on this front could be forthcoming.