After the opening of Monday, the overall crypto market continued last week’s downward trend, showing a relatively obvious general decline. After entering the mid-week period, it began to show signs of recovery. Now, it is approaching the closing period of the week. The overall upward trend of the crypto market has become more obvious. Most mainstream coins have entered a new upward cycle, but the overall market size has not yet seen a particularly obvious growth compared with the earlier period.
Most mainstream cryptocurrencies reached a weekly low in the mid-week period, which is also a relatively obvious low price range in recent times. Many factors led to this round of market changes. The main reasons are the influence of external news factors and recent lack of clear positive signals in the market. The market has entered a relatively obvious recovery again, but the overall market is still in a rapid adjustment stage, which means the overall sentiment has not yet returned to a high state.
This week, the price trend of BTC is very typical, showing a triangular range state. It has entered a very obvious upward channel, and the price has returned to around $10,000. The weekly high is around $100,500, which is the same as the high of last week. The coin has entered a new upward channel, and the risk of falling below $90,000 in the short term is low. Overall, the prices of most key mainstream coins have recovered this week, and the total market value is expected to increase further in the short term. The current market sentiment has returned to around 60, which means that with the upcoming Trump inauguration, external positive factors related to the crypto market are taking effect. The overall market value of the crypto market has increased slightly, reaching around $3.5 trillion, up 1.09% in 24 hours.
The overall performance of the crypto market this week fluctuated greatly, with a decline followed by an increase. The overall market changes were more intense, but a new upward cycle may be coming. The BTC price nearly fell below $90,000 in a week, and no further decline occurred afterward. The price performance of ETH in a week maintained a similar trend to that of BTC. Although the current price has fallen back, it is still around $3,350.
This week’s overall volatility of the crypto market is dominated by relatively obvious ups and downs. The top coins rose significantly this week, which is related to the overall recovery of the market. XDC continued its momentum last week and continued to lead this week, with the largest weekly increase of about 62.25%.
This weekend, the probability of large-scale changes in the overall crypto market is relatively low. The price trends of most mainstream coins are expected to remain within the current price cycle during the weekend, with a mainly small increase.
🔥CloverPool data shows that the difficulty of Bitcoin mining has been adjusted at block height 878,976 (2025-1-13 04:01:51), with the mining difficulty increased by 0.61% to 110.45T, setting a new historical high.
🔥Jubilee Royalty founder Tim Kotzman tweeted that Ethan Peck, an employee of the National Center for Public Policy Research (NCPPR), submitted a shareholder proposal regarding Bitcoin reserves to Meta on behalf of his family’s shares in Meta.
🔥Ki Young Ju, CEO of CryptoQuant, posted on the X platform that there is no need to worry too much about the risk of quantum computers cracking Bitcoin, and the industry will make adaptive adjustments as technology evolves.
🔥According to Glassnode data, Bitcoin ownership trends are shifting significantly. The proportion of Bitcoin held by new investors (addresses that have held coins for less than three months) has increased significantly, currently accounting for 49.6% of network liquidity. This trend shows that new capital is increasingly participating in the market.
🔥According to News.bitcoin, while miners are still struggling with revenue constraints associated with Bitcoin price below the $100,000 threshold, stocks of these publicly traded BTC mining companies are rising, suggesting a good start to the new year.
🔥Nate Geraci, president of The ETF Store, released a forecast for 10 crypto-related ETFs in 2025, and believes that the Trump administration will adopt significantly different policies toward cryptocurrencies than the Biden administration, which may make 2025 the “first year of crypto ETFs.”
🔥According to The block, New York Attorney General Letitia James filed a lawsuit accusing a crypto fraud gang of stealing at least $2.2 million from New York residents through fake remote work opportunities.
🔥MicroStrategy founder Michael Saylor has released information related to Bitcoin Tracker for the tenth consecutive week, but this time is different. He said: “Consider adding the next green dot on the website.”
🔥According to Cointelegraph, finance professor David Krause said that a sharp drop in Bitcoin price could seriously impact MicroStrategy, jeopardizing its debt repayment ability and possibly leading to financial distress or bankruptcy, thereby triggering a stock sell-off.
🔥 According to News.bitcoin, Santander, one of the world’s largest banking groups, highlighted in a report the significant growth of tourism in El Salvador, which is closely related to the country’s acceptance of Bitcoin.
🔥JPMorgan Chase CEO Jamie Dimon once again criticized Bitcoin in an interview with CBS News on Sunday, saying it has “no intrinsic value” and is often used for illegal activities such as sex trafficking, money laundering, and ransomware.
🔥According to Cointelegraph, such a drop in Bitcoin in January was not unexpected. They believe that based on key technical indicators, the bull market may recover, and Bitcoin prices are expected to peak in mid-July 2025.
🔥According to Cointelegraph, CryptoQuant data shows that as of January 13, the Bitcoin reserves of all crypto exchanges have dropped to 2.35 million, which is the lowest point not seen in nearly seven years since June 2018 (when Bitcoin was trading at more than $7,000).
🔥MicroStrategy co-founder and chairman Michael Saylor said at the ICR Conference in Orlando that companies should turn to Bitcoin investment because traditional bonds such as Treasury bonds are “poison.”
🔥According to Finery Markets’ 2024 Year in Review report, the crypto over-the-counter (OTC) market matured significantly last year, with annual growth reaching 106%.
🔥According to official news, Alpen Labs, a financial infrastructure on the Bitcoin chain, announced the completion of a strategic financing of $8.5 million, led by DBA and Cyber Fund. Ribbit Capital, Castle Island Ventures, and Geometry were the largest investors in its seed round of financing and once again supported Alpen in this round of financing.
🔥Singapore crypto investment agency QCP Capital said today that the global market has digested the readjustment of the Fed’s interest rate cut expectations. The 10-year Treasury yield soared to 4.8%, the highest since the end of 2023, and the market currently expects no interest rate cut until October.
🔥 According to Bloomberg, Bitcoin and Ethereum options trading platform Deribit has attracted interest from potential acquirers and is working with financial advisor Financial Technology Partners LLC to evaluate related opportunities.
🔥The National Procurators’ Conference of China held on January 13 emphasized that the procuratorate will increase its efforts to punish money laundering crimes and crack down on the illegal transfer of assets overseas using virtual coins in accordance with the law.
🔥 According to Bitcoin Magazine, Max Keiser, a senior Bitcoin adviser to the President of El Salvador, said that Salvadoran President Nayib Bukele plans to install a Bitcoin node in every household in El Salvador.
🔥According to Globenewswire, artificial intelligence company Genius Group (NYSE American: GNS) announced that its board of directors has approved a plan to continue a $33 million rights issue of the company’s common stock, and 100% of the net proceeds from the rights issue will be used to purchase Bitcoin for the company’s Bitcoin treasury.
🔥According to Bloomberg, Paris-based crypto wallet technology company Dfns has completed a $16 million financing round led by Abu Dhabi sovereign wealth fund ADQ. Other investors include market makers Wintermute, Motive Partners, Bpifrance, and Motier Ventures, the family office of the owner of Galeries Lafayette Group.
🔥As Cointelegraph reported, Circle’s stablecoin USDC’s market value has surpassed all other stablecoins in terms of growth in 2024 after declining in 2023.
🔥According to The Block, in response to earlier reports that the proprietary trading department of Intesa Sanpaolo, Italy’s largest banking group, purchased 11 BTC, Intesa CEO Carlo Messina described the acquisition as “an experiment, a test” during an event in Milan on Tuesday.
🔥A blockchain closely associated with Telegram Messenger LLP is preparing to expand in the United States due to the potential for a friendly regulatory environment under the new Trump-led U.S. administration, according to Bloomberg.
🔥 According to Bloomberg, Galaxy’s VisionTrack data showed that many crypto hedge funds achieved double-digit returns last year, and the 130 funds tracked by the VisionTrack Composite Index jumped 40% overall. But these gains pale in comparison to the sharp rise in Bitcoin.
🔥According to CoinDesk, eight blockchain associations in the United States have jointly established the North American Blockchain Association (NABA), which aims to provide unified crypto policy recommendations to the federal government.
🔥Bloomberg ETF analyst Eric Balchunas wrote on the X platform that we heard that the S-1 application form of Litecoin ETF has received a response from the SEC, which seems to confirm our prediction that Litecoin is most likely to become the next approved crypto ETF. That being said, the new US Securities and Exchange Commission chairman has not yet taken office, which is a huge variable.
🔥According to Coindesk, Muneeb Ali, co-founder and CEO of Bitcoin’s second-layer project Stacks, said in an interview that he would be surprised if the BTC price did not reach $150,000 by the end of the year, and expected the BTC price to reach $200,000.
🔥According to Leviathan News, Cannes Mayor David Lisnard is targeting the 2027 French presidential election and pushing the city to adopt crypto payments, while planning to make EthCC (Ethereum Community Conference) a central topic next summer.
🔥According to Reuters, the Trump administration’s SEC team has reviewed some crypto enforcement cases pending in court and is expected to overhaul crypto policy, potentially freezing some lawsuits that do not involve allegations of fraud.
🔥 Matthias Voelkel, CEO of Germany’s Stuttgart Stock Exchange Group, said that Donald Trump’s election and his ambition to make the United States a “Bitcoin nation” are driving market expansion, and his group is seeking to gain a larger share in the crypto sector, Fortune magazine reported.
🔥According to CoinDesk, the British government appointed Emma Reynolds as Minister of Economic Affairs, replacing Tulip Siddiq, who resigned due to a corruption investigation. Reynolds will be responsible for digital assets, central bank digital coins (CBDCs), and broader financial policies.
🔥Bloomberg ETF analyst James Seyffart tweeted that Canary Funds has submitted a revised S-1 application to advance its Litecoin ETF (exchange-traded fund) plan.
🔥According to Bitwise CEO Hunter Horsley, a national government is consulting about Bitcoin ETFs and considering shifting part of its foreign exchange government bond exposure to Bitcoin.
🔥At the Benchmark investor conference in Orlando, MicroStrategy co-founder and executive chairman Michael Saylor said the company’s potential issuance of perpetual preferred stock would be “the latest means to provide investors with leveraged exposure to Bitcoin,” noting that the company’s goal is to provide investors with “1.5 times the returns and volatility of Bitcoin.”
🔥The U.S. Consumer Financial Protection Bureau (CFPB) has proposed subjecting digital wallets to the same protection standards as bank accounts, requiring service providers to compensate customers when hacking or unauthorized transactions result in the loss of customer funds, according to the Financial Times.
🔥According to CoinDesk, the U.S. Court of Appeals for the Third Circuit ruled that the U.S. Securities and Exchange Commission (SEC) must fully explain its decision to refuse to establish clear rules for the crypto industry.
🔥Trump is expected to issue an executive order on the first day of his presidency regarding debanking and repealing a controversial crypto accounting policy that requires banks holding digital assets to treat them as liabilities, according to The Washington Post.
🔥According to Cointelegraph, Adrienne Harris, director of the New York Department of Financial Services (NYDFS), announced the “Transatlantic Regulatory Exchange (TRE)” exchange program to help regulators learn more about how foreign institutions deal with emerging payment and digital asset issues.
🔥According to The Washington Post, sources said Trump is expected to issue an executive order on the first day of his presidency regarding bank crypto business and the abolition of the controversial crypto accounting policy, which requires digital assets held by banks to be accounted for as liabilities on their balance sheets.
🔥According to The Block, Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), said in an interview with Yahoo Finance that the SEC has never stated that Bitcoin and Ethereum are securities. Gensler emphasized that neither the SEC nor its former chairman Jay Clayton has ever stated that Bitcoin is a security.
🔥According to Cointelegraph, Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), said in an interview before leaving office that the results of the 2024 U.S. presidential election were not significantly affected by the funds of crypto interest groups.
🔥Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), said in a CNBC video interview: “Bitcoin is a highly speculative asset, but 7 billion people worldwide want to trade it. Just like we have had gold for 10,000 years, we now have Bitcoin.”
🔥According to Cryptoslate, the New York Department of Financial Services (NYDFS) announced on January 13 that it would cooperate with the Bank of England (Bank of England) to launch an international regulatory program to coordinate crypto regulation.
🔥Texas Senator Charles Schwertner tweeted that he has submitted SB 778, proposing to establish the first state-level Bitcoin strategic reserve in the United States.
⭐️Last week, the overall trend of the crypto market was mainly falling first and then rising, which was greatly affected by external news, especially mainstream information. After the market fell, the prices of most mainstream coins also hit recent lows. With the market’s recovery, the overall crypto market has entered a clear recovery cycle. There are many reasons for this situation this week. On the one hand, it is a continuation of the downward trend last week. On the other hand, factors such as the wildfires in California have also triggered a wave of selling, which has led to a sharp decline in the short term. As the weekend approaches, the overall market has rebounded significantly, and it is likely to maintain a small range of upward trend in the future.
⭐️This week, the crypto market rebounded across the board, leading to a more significant increase in the top mainstream growth coins. Due to the recent ecosystem actions, XDC continued to lead the coins, with a weekly increase of about 62.25%, and a more obvious short-term upward trend. The coin showed a relatively obvious continuous upward trend in the week, with a weekly high of around $0.15 and a low of around $0.092 during the opening period.
(Data Courtesy Of TradingView)
Although the BTC price reached a weekly low after the opening this week, causing great market anxiety, although there were subsequent spikes, the coin price never fell below the key price of $90,000. As the overall market recovered, it showed an upward trend of rapid rise during the day. The coin price is maintained in the range of USD 100,000. There is a possibility of further increase in the coin price, inferred based on the recent positive external information in the crypto market.
(Data Courtesy Of TradingView)
ETH’s price trend this week is still similar to BTC, but the price change trend is relatively more intense. After the ETH price trend, the price directly fell below the key price of $3,000, and then basically showed an intraday upward trend as the market rebounded. The current coin price has reached a one-week high of $3,470 after recovering, and then fell slightly to maintain around $3,350. The coin is currently in a continuous small fluctuation channel. A new round of price changes will occur during the weekend, and the probability of a large-scale price increase is small.
This week, the total market value of seven types of projects has generally risen as the overall market rebounded. Although the increase in some individual tracks is smaller, the overall recovery trend has been very obvious. The current market is expected to usher in a further turning point on January 20, and the market will see a new round of changes.
Project Category | 7d Change | Top 3 Gainers | Comment |
---|---|---|---|
Layer 1 | 4.6% | JKC,WATER,KEX | The Layer 1 track showed a certain upward trend this week, and the growth of the top-growing coins was distributed relatively evenly, but most of them were non-mainstream coins. |
Layer 2 | 0.8% | GMMT,LAIKA,PHA | The overall ups and downs of the Layer 2 sector this week were not obvious; the gains of the top coins were relatively limited, and the overall market showed a clear turning point. |
DeFi | 4.5% | DUCK,STC,HERE | The DeFi track rebounded this week along with the market changes. The overall market value increase was consistent with the market, but the growth of the top coins remained at a high level. |
NFT | 3.1% | DG,$RAINI,LORDZ | The increase in the total value of the NFT market this week is similar to that of other tracks. The distribution of the increase is relatively concentrated, and the distribution of projects in the overall track varies greatly. |
MEME | 7.1% | WUKONG,INF,LIME | The MEME coin track has seen a more obvious increase this week, but the top coins with the highest gains are mainly influenced by hot information. |
Liquid Staking | 1.8% | SEILOR,MNDE,PRISMA | This sector mainly follows the trends of the top mainstream coins. The increase this week was small and the overall distribution was relatively even. |
AI | 1.2% | JAIL,BOLTAI,SUPAI | The AI track was impacted by the overall market this week and has recovered to a certain extent, with the growth rates of the top-growing coins relatively even. |