| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107326.3600000000 |
| ETH | $2435.5800000000 |
| BNB | $649.3298400000 |
| XRP | $2.1869730000 |
| ADA | $0.5620124000 |
| SOL | $150.0643000000 |
| DOGE | $N/A |
| DOT | $3.4016900000 |
| LTC | $86.4246000000 |
| LINK | $13.3516800000 |
Category: CRYPTO NEWS
The post Here’s How the Crypto Market Performed in January, According to Binance Research appeared on BitcoinEthereumNews.com. The research arm of the world’s largest crypto exchange, Binance, has released a report highlighting insights for the digital asset market in January 2025. It outlined how the crypto market reacted to several factors, including United States policy narratives, in the first few weeks of the year. According to Binance Research, early January saw the crypto market cap recover from a downturn experienced in December 2024, peaking at $3.76 trillion. This recovery was partly fueled by the change in U.S. administration and potential pro-crypto regulations. ETF Filings Rise in Pro-Crypto U.S. Administration After his inauguration, U.S. President Donald Trump signed an executive order that banned the creation of a U.S. Central Bank Digital Currency (CBDC) and explored the establishment of a national crypto reserve. These factors drove positive momentum in the market until late January, when the emergence of an artificial intelligence (AI) model, DeepSeek, shook the stock and crypto markets alike. DeepSeek became the most downloaded AI app, overthrowing OpenAI’s ChatGPT. This development triggered heightened volatility that has rolled into February, fueled even further by concerns about U.S. tariff policies. While the market struggles to recover, there has been a new wave of crypto exchange-traded fund (ETF) filings with the Securities and Exchange Commission (SEC), especially since the departure of the former head, Gary Gensler. Binance Research revealed that there are currently 47 active ETF filings in the United States, spanning 16 crypto asset categories, including meme coins. Meme Coins and AI Narratives Dominate Speaking of meme coins, Binance Research discovered that the emergence of token launchpads fueled a meme coin mania, leading to the creation of more than 37 million assets. Analysts predict that at least 100 million cryptocurrencies will be in circulation by the end of 2025. Unfortunately, this massive rise in the number of cryptocurrencies has…
2025-02-09T04:40:15+00:00