The global cryptocurrency market cap currently sits at an impressive $3.29 trillion, reflecting a slight increase of 0.26% over the past day. Bitcoin (BTC) has been fluctuating within a range of $92,762 to $95,940 in the last 24 hours. As of 09:30 AM (UTC) today, BTC is positioned at $92,810, showing a decrease of 1.26%.
In the landscape of major cryptocurrencies, several assets are trading lower; however, there are standout performers. Notably, PROM, ONT, and FIRO have shown remarkable resilience, appreciating by 21%, 13%, and 6% respectively. Today's top stories shed light on various aspects of the cryptocurrency market: - Trump’s Inauguration Sparks Crypto Optimism, Yet Major Reforms May Require Time, as discussed by NYDIG. - Bitcoin experiences a slump in January, which analysts correlate with historical post-halving trends. - The overall cryptocurrency market value has dipped below the $3.4 trillion mark. - Barclays has predicted a Federal Reserve rate cut in June 2025, which could impact financial strategies across the board. - A significant decline in large Bitcoin transactions has been recorded, indicating potential shifts in investor behavior. - Current technical analysis suggests that Bitcoin faces a critical resistance zone between $97,000 and $99,500. - In a positive development, AI startups in the United States have secured record funding, highlighting the ongoing innovation in the tech industry. - An increase in Bitcoin addresses holding over 100 BTC has been noted since November, showcasing growing accumulation trends among investors. - Mark Zuckerberg has urged former President Trump to address EU antitrust fines impacting US tech firms, indicating ongoing tensions and the need for regulatory clarity in the tech and crypto spaces. - According to 10x Research, the anticipated Trump Rally appears to be losing momentum due to macroeconomic factors influencing both the crypto and stock markets. - Insights from former Fed Vice Chairman Randal Quarles suggest that Trump's presidency is unlikely to significantly impact Fed independence, inflation rates, or the labor market dynamics. - Fidelity Digital Assets foresees significant growth in stablecoins and tokenization strategies by 2025, underlining the evolving nature of the crypto ecosystem. - In the Fidelity 2025 Outlook, Ethereum’s inherent strengths alongside Solana’s growth trajectory are highlighted as key factors to monitor in the coming years. - The week has also seen token unlocks, with 21 tokens primed for major releases, led by ARB with a notable $95.35 million. In terms of market performance, the following changes have occurred among notable cryptocurrencies: - ETH: $3,155.27 (-2.34%) - XRP: $2.4183 (-3.68%) - BNB: $672.22 (-2.90%) - SOL: $179.85 (-3.18%) - DOGE: $0.32284 (-3.83%) - ADA: $0.9194 (-7.61%) - TRX: $0.2231 (-5.98%) - AVAX: $34.29 (-6.34%) - SUI: $4.4151 (-8.15%) - TON: $5.099 (-4.60%) Top gainers on Binance reflect a more positive sentiment: PROM/USDT is up by 21%, ONT/USDT by 13%, and FIRO/USDT by 6%..