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FameEX Weekly Market Trend | January 23, 2025
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1. BTC Market Trend
From January 20 to January 22, the BTC spot price swung from $99,206.12 to $109,703.9, a 10.58% range. In the past three days, the European Central Bank (ECB) has made the following important statements:
1) On January 22, ECB Governing Council Member Nagel: There is a high likelihood of a rate cut by the ECB next week.
2) On January 22, ECB Governing Council Member Villeroy: A larger rate cut in the future cannot be ruled out; if the pace of rate cuts is steady, larger cuts may not be necessary.
Key Highlights of U.S. President Trump's Inaugural Speech:
1) The Gulf of Mexico will be renamed the Gulf of America, and the Panama Canal will be reclaimed.
2) The Cabinet will be directed to tackle record-breaking inflation, with a national energy emergency declared to combat it.
3) An External Revenue Service will be established to impose tariffs and taxes on foreign entities.
4) A national emergency will be declared at the southern border, halting all illegal entries and reinstating the “Remain in Mexico” policy.
5) A mission to Mars is being planned, where the U.S. flag will be planted by American astronauts.
6) The Green New Deal will be terminated, electric vehicle mandates abolished, and mass automobile production resumed.
7) An executive order will be signed to immediately end all government censorship and restore free speech in America.
8) The trade system will be reformed to gradually eliminate practices that benefit other countries through U.S. tax policies.
9) Official U.S. government policies will recognize only two genders: male and female, starting today.
10) The process of deporting millions of criminal foreign nationals will begin, and drug cartels will be designated as foreign terrorist organizations.
11) No mention of cryptocurrency-related topics was made in Trump’s inaugural speech.
From January 23 to January 29, keep monitoring ETH spot trading opportunities. The sell order at $5,125, along with the buy orders at $2,040 and $1,730, should remain active. For the BTC spot, maintain the sell order at $169,400 and the buy orders at $73,970, $59,935, and $45,900.
2. CMC 7D Statistics Indicators
Overall market cap and volume, source: https://coinmarketcap.com/charts/
Altcoin Season Index and Bitcoin Dominance: https://coinmarketcap.com/charts/
Crypto ETFs Net Flow: https://coinmarketcap.com/charts/
CoinMarketCap 100 Index:https://coinmarketcap.com/charts/cmc100/
(Used to measure the overall performance of the top 100 cryptocurrency projects by market capitalization on CoinMarketCap)
Fear & Greed Index, source: https://coinmarketcap.com/charts/
3. Perpetual Futures
The 7-day cumulative funding rates for major exchanges’ mainstream cryptocurrencies are generally positive.
In the past three days, the contract open interest for both BTC and ETH has experienced a slight rise.
Exchange BTC Contract Open Interest:
Exchange ETH Contract Open Interest:
Note: All the above information is provided for reference purposes only and should not be construed as specific investment advice.
4. Industry Roundup
1) On January 20, Russian President Putin stated that Russia is willing to engage in dialogue with the United States regarding the Ukraine issue.
2) On January 20, U.S. AI company Perplexity AI sought to merge with TikTok U.S. operations.
3) On January 20, the Trump family’s crypto project World Liberty Financial sold out 20 billion WLFI. Former Coinbase CTO commented on TRUMP: Memecoins are a zero-sum lottery, and the last buyer will lose everything.
4) On January 20, Forbes released the most notable cryptocurrencies to watch this year: BTC, ETH, SOL, FET, and more.
5) On January 20, EU finance ministers planned to discuss tokenization, distributed ledger technology, and central bank funding for wholesale settlement.
6) On January 20, according to the market news, the CEO of Saudi Kingdom Holdings said they are not considering crypto investments at this time.
7) On January 20, Silk Road founder Ross Ulbricht was granted a presidential pardon by Trump.
8) On January 21, the U.S. Department of Efficiency updated its website logo, retaining the Shiba Inu element.
9) On January 21, on his first day in office, Trump signed over 40 executive orders; following the renaming of the “Gulf of America”, the U.S. began deploying military forces.
10) On January 21, Canada’s December CPI monthly change: -0.4%, as expected, previous value 0.00%.
11) On January 21, UK December jobless claims: 0.07K, previous value revised from 0.03K to -2.51K; UK December unemployment rate: 4.57%, previous value 4.60%.
12) On January 21, Trump completed the second executive order signing ceremony, with no mention of Bitcoin or strategic reserves.
13) On January 21, an Italian legislator indicated that if the U.S. establishes a Bitcoin reserve, it could prompt other countries to follow suit.
14) On January 21, it was reported that politicians appointed by Trump would be reviewed for potential conflicts of interest with the crypto industry; some have already pledged to sell their holdings.
15) On January 21, EU diplomats stated that EU finance ministers agreed to remain unified on issues with the new U.S. government, with the consensus that enhancing EU economic competitiveness is the best way to counter potential U.S. economic challenges and developing strong economic ties benefits both the EU and the U.S.
16) On January 21, Canadian Prime Minister Trudeau supported the idea of retaliating against US tariffs on a one-to-one basis.
17) On January 22, U.S. Bank Global Fund Manager Survey: The most crowded trades are long positions on the “Wall Street Seven” (53%), long on the dollar (27%), and long on cryptocurrencies (13%).
18) On January 22, Canada’s December CPI continued to decline, with swap markets forecasting an 83% chance of a 25 basis point rate cut by the Bank of Canada this month.
19) On January 22, U.S. President Trump: The EU will face tariffs; EU Economic Commissioner Dombrovskis said the EU would respond to U.S. tariffs in a proportional manner and emphasized the importance of the U.S.-EU strategic alliance.
20) On January 22, Trump responded to memecoin issuance: Not much is known, but it has been reported to be very successful.
21) On January 22, the U.S. SEC stated that a new cryptocurrency task force would establish a comprehensive and clear regulatory framework.
22) On January 22, Coinbase’s CEO suggested future stablecoin regulation may require full backing by the U.S. Treasury bonds.
23) On January 22, crypto-related apps dominated the top four spots in the U.S. App Store’s free financial apps category.
24) On January 22, South Korea’s Financial Services Commission Chair indicated that the process of allowing corporations to open virtual asset accounts and legislating on stablecoins will be accelerated.
25) On January 22, European Commission President von der Leyen stated that the EU is ready to negotiate with the U.S.; the EU’s top priority is to engage in cooperation with the U.S. as soon as possible.
Disclaimer: FameEX makes no representations on the accuracy or suitability of any official statements made by the exchange regarding the data in this area or any related financial advice.
