Weekly Crypto Market Wrap January 20-26, 2025
Last week, the crypto market showed such bullish signals that it pulled back as the new week began. BTC hit a high of over $109,000, setting a new all-time high, but is now trading around $99,000, losing 5% in the past 24 hours. Altcoins took the hardest hit, largely due to Bitcoin’s still high dominance. Investors anxiously await the Federal Reserve meeting, fearing that the regulator won’t lower rates, while analysts predict monetary policy easing only by mid-year. Let’s break it down.
Finally, relief for banks. The SEC has repealed directive SAB 121, meaning that cryptocurrency custody will no longer create legal headaches.
Mark Uyeda: a crypto enthusiast leading the SEC? Mark Uyeda has become the acting head of the SEC. His first announcement? The creation of a cryptocurrency task force. It seems regulation might soon become more friendly—or at least less intimidating.
Donald Trump officially signs an order to establish the Crypto Council. The Council’s tasks: supporting the BTC reserve and banning any actions to create a Central Bank Digital Currency (CBDC).
Crypto ETFs for every taste. Bloomberg reports that Rex Funds has filed applications for DOGE ETFs, BONK ETFs, and even a TRUMP ETF. Yes, the same TRUMP that dominated headlines two weeks ago. It seems like investors’ portfolios may soon have more memecoins than stocks.
Michael Saylor does it again. Another 11,000 BTC was purchased for $1.1 billion. Just as everyone was discussing their last purchase, the company issued shares to buy even more Bitcoin.
Trump and AI: the collaboration of the century. The U.S. is investing $500 billion in artificial intelligence in partnership with OpenAI, Oracle, and SoftBank. Trump has decided that while blockchain is good, artificial intelligence also deserves attention.
Chinese startup DeepSeek changes the game? Chinese startup DeepSeek introduced an innovative AI model, causing market panic. Bitcoin fell below $100,000, and investors are now scrambling to adapt to the new environment. Some are calling this a potential "black swan" event—or maybe it’s just someone trying to scoop up cheap BTC. (MicroStrategy purchased another 10,107 BTC at an average of $105,596.)
Scammers strike again. Fraudsters created a fake Donald Trump Twitter account and made $1 million.
Silk Road creator Ross Ulbricht is now free. President Donald Trump signed an order pardoning him. The crypto community is celebrating this news. Exchange Kraken donated $111,111 in Bitcoin to Ulbricht, while other enthusiasts are trying to track down wallets where Ross might have hidden his BTC.
Texas court lifts sanctions against Tornado Cash mixer. Users can now transfer funds anonymously again, leaving regulators scrambling to figure out how to maintain control.
Upcoming major token unlocks:
SUI: $229.82m (2.1%)
TRIBL: $53.40m (7.8%)
OP: $42.62m (2.3%)
ZETA: $18.24m (7.0%)
ENA: $9.11m (0.4%)
AI: $8.55m (14.1%)
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.
