Weekly Crypto Market Wrap January 13-19, 2025
Bitcoin soared by 18.42% over the past week, reaching a new all-time high of $109,356. XRP also made waves, setting a new record at $3.4. We've highlighted XRP's surprising performance in the past. Meanwhile, the launch of a new meme token, $TRUMP, has introduced millions to the concept of FOMO (Fear of Missing Out). Here's the breakdown:
Meme token TRUMP takes Twitter by storm. Former President Trump officially announced the launch of his meme token. With FOMO in full swing, millions are tracking its chart movements. By the way, we have a TRUMP token available on our service now!
Nasdaq proposes Litecoin ETF. The Nasdaq stock exchange has filed an application with the SEC to list a Litecoin ETF from Canary Funds. If approved, this could be a major milestone for Litecoin.
MicroStrategy buys more BTC. Michael Saylor's MicroStrategy has purchased an additional 2,530 BTC for $243 million, marking their 10th consecutive week of Bitcoin accumulation.
JPMorgan predicts inflows to XRP and SOL. JPMorgan analysts forecast that ETF adoption could bring between $3 billion and $8 billion in inflows to XRP and SOL. Wall Street's interest in crypto shows no signs of waning.
US inflation hits 2.9%. Consumer prices in the U.S. are climbing, with inflation reaching 2.9%. For crypto, inflation often signals a potential uptick in investor interest.
SEC vs. Musk. The SEC has filed a lawsuit against Elon Musk for securities law violations. Will this mean no more DOGE pumps? Time will tell.
Ripple vs. SEC: ongoing battle. The SEC has filed another appeal in the Ripple case, but the current SEC chairman is stepping down. This could significantly impact the case’s outcome. New leadership, new rules?
Tether moves to El Salvador. Tether has officially relocated to the crypto heaven of El Salvador. The move highlights the country's growing reputation as a leader in the crypto industry.
Trump meets blockchain art. MARA Holdings has integrated Donald Trump’s portrait into blockchain technology. Art meets mining, potentially sparking a new NFT trend.
USDD 2.0 with 20% yield. Justin Sun has announced a new version of USDD offering a 20% yield. While the move aims to attract attention, some still recall the earlier banana-themed hype.
Upcoming major token unlocks:
UP: $698.58m (41.5%)
FTN: $77.00m (4.7%)
MRS: $32.40m (11.9%)
IMX: $30.16m (1.4%)
MURA: $24.40m (37.9%)
ALT: $22.49m (10.4%)
SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.
