Weekly Market Overview
- Bitcoin surged to an unprecedented **$109,000** on 20 January, accompanied by a **126% spike in daily trading volume** ($126B vs. $56B monthly average).
- Crypto.com Exchange debuted in the US, targeting institutional traders with deep liquidity and low-latency technology.
- Spot Bitcoin ETFs recorded $2.8B net inflows**, while **Ether ETFs** attracted **$163M.
Key Drivers
Macroeconomic Shifts:
- The Bank of Japan raised interest rates to 0.5% (highest since 2008).
- US spot Bitcoin ETF momentum fueled institutional demand.
Notable Crypto Developments:
- Uniswap v4 on-chain testing began ahead of its full launch.
- Crypto.com App listed new tokens: Sonic (S), Vine Coin (VINE), and Animecoin (ANIME).
Market Performance
| Metric | Change (%) |
|----------------------|------------|
| Bitcoin Price | -0.7 |
| ETH Price | -0.7 |
| Market Volatility | -66.60 |
Top Gainers:
- LINK (+1.79%)
- ATOM (+1.55%)
Regulatory Updates
- US Executive Order: Bans CBDCs but establishes a digital asset regulatory working group.
- SEC Crypto Task Force: Formed to advance clear frameworks; revoked restrictive accounting guidance (SAB 121).
- Taiwan’s Draft Bill: Plans to let banks issue stablecoins by mid-2025.
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Investment Trends
- BlackRock’s Bitcoin Trust: Nasdaq filed for in-kind redemptions to enhance liquidity.
- New ETFs: CoinShares proposed Litecoin and XRP ETFs; Bitwise registered a Dogecoin ETF entity.
- Kansas Retirement Funds: Legislation may allow 10% allocation to spot Bitcoin ETFs.
FAQ Section
Q: Why did Bitcoin’s price spike on 20 January?
A: The rally coincided with ETF inflows and macroeconomic optimism, including Japan’s rate hike.
Q: What advantages does Crypto.com Exchange offer US institutions?
A: Advanced trading tech, deep liquidity, and compliance with US regulations.
Q: Are stablecoins becoming more regulated?
A: Yes—Taiwan’s upcoming bill and SEC actions signal tighter oversight.
Conclusion
The crypto market shows resilience with institutional adoption (ETFs, exchanges) balancing macro volatility. Watch for regulatory clarity and Q1 ETF approvals as key catalysts.