Cryptocurrency markets reversed a weak start to the week on news that Donald Trump reportedly plans signing sseveral crypto-related executive orders on his <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42962279/trump-could-sign-crypto-related-executive-orders-on-day-1-report">first day in office</a>.



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Gains +/-</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td> $94,357</td><td>-0.1%</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td> $3,117</td><td>-4.5%</td></tr><tr><td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td> $181.90</td><td>-3.3%</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td> $2.54</td><td>+0.9%</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td> $0.3358</td><td>-0.0%</td></tr><tr><td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td> $0.00002108</td><td>-2.2%</td></tr></tbody></table></figure>



Notable Statistics:



<ul>
<li>IntoTheBlock data shows large transaction volume increasing by 9.2% and daily active addresses up by 6.4%. Transactions greater than $100,000 are down from 7,112 to 6,648 in a single day. Exchanges netflows are down by 147.8%.</li>



<li>Coinglass data reports 273,610 traders were liquidated in the past 24 hours for $764.74 million. Long liquidations of $587.9 million came in at a three-week high.</li>



<li>Crypto chart analyst Ali Martinez <a href="https://x.com/ali_charts/status/1878617460661989825">noted</a> Bitcoin network activity having fallen to its lowest level since November 2024, with just 667,100 active addresses.</li>



<li>In another <a href="https://x.com/ali_charts/status/1878695475026780311">tweet</a>, he sees number of large transactions on the Bitcoin network has decreased by 51.64% over the past month, dropping from 33,450 to 16,180.</li>
</ul>



Notable Developments:



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42956569/tether-to-relocate-headquarters-to-el-salvador">Tether To Relocate Headquarters To El Salvador</a></li>



<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42950202/bitcoins-2024-revolution-etps-double-crypto-market-cap-big-winners-emerge">Bitcoin&#8217;s 2024 Revolution: ETPs Double Crypto Market Cap, Big Winners Emerge</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42940832/jamie-dimon-says-hes-not-against-blockchains-but-trades-guns-on-bitcoin-again-it-has-no-intrinsic-value-i-just-dont-feel-great-about">Jamie Dimon Says He&#8217;s Not Against Blockchains But Trades Guns On Bitcoin Again—It Has No Intrinsic Value: &#8216;I Just Don&#8217;t Feel Great About&#8230;&#8217;</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42944474/donald-trump-jr-joins-kalshi-prediction-market-as-strategic-advisor">Donald Trump Jr. Joins Kalshi Prediction Market As Strategic Advisor</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42946219/microstrategy-acquires-2530-bitcoin-for-243m-reaching-450000-btc-in-total-holdings">MicroStrategy Acquires 2,530 Bitcoin For $243M, Reaching 450,000 BTC In Total Holdings</a></li>
</ul>



Top Losers:



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Gains +/-</td></tr><tr><td>DeXe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">DEXE</a>)</td><td>&nbsp;$13.57</td><td>-16%</td></tr><tr><td>Ethena (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">ENA</a>)</td><td>&nbsp;$0.7651</td><td>-14.5%</td></tr><tr><td>Bitcoin SV (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BSV</a>)</td><td>&nbsp;$51.36</td><td>-12.1%</td></tr></tbody></table></figure>



Trader Notes: With Bitcoin prices dropping, crypto trader Jelle <a href="https://x.com/CryptoJelleNL/status/1878755619999740386">suggested</a> it could be a "Red Monday, green week."



In another tweet, he highlighted that Bitcoin's daily candle is shaping up well, noting that a close above $92,500 would increase the likelihood of marking a bottom.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Daily candle shaping up nicely with four hours to go. Close above $92,500 and odds are high that was the bottom. Let&#39;s see! <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/GtgbaUKMaC">pic.twitter.com/GtgbaUKMaC</a>&mdash; Jelle (@CryptoJelleNL) <a href="https://twitter.com/CryptoJelleNL/status/1878891414194692598?ref_src=twsrc%5Etfw">January 13, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Crypto trader Rekt Capital <a href="https://x.com/rektcapital/status/1878787059600818514">emphasized</a> the importance of a daily close above ~$91,000 to sustain the $91,000-$101,000 range and preserve the early-stage higher low on the RSI.



Meanwhile, crypto trader Seth views $170,000 as a conservative Bitcoin top target within a broader $150,000-$300,000 range. 



This aligns with historical bull cycles where Bitcoin often overshoots expectations, depending on liquidity influx. 



Seth added that if $170,000 is treated as a baseline, there's potential for further upside driven by macro conditions, institutional adoption, or retail FOMO. 



Key <a href="https://x.com/seth_fin/status/1878876134777262174">factors</a> like halving effects and global liquidity will play a major role in determining how realistic this target is.



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42957400/bitcoins-big-macro-data-week-heres-what-to-watch">Bitcoin&#8217;s Big Macro Data Week: Here&#8217;s What To Watch</a></li>
</ul>



Image: Shutterstock

Bitcoin, Ethereum, XRP, Dogecoin Reverse 'Red Monday' On Bullish Trump News

The incoming Trump administration is set to dramatically alter the landscape of cryptocurrency regulation, with prominent tech and crypto leaders taking influential positions <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42701446/crypto-industry-anticipates-policy-overhaul-under-trump-administration">in shaping policy</a>. 



What Happened: According <a href="https://www.washingtonpost.com/politics/2025/01/13/andreessen-tech-industry-trump-administration-doge/">to</a> The Washington Post, venture capitalist Marc Andreessen has emerged as a key figure in the transition, leveraging his Silicon Valley expertise to recruit candidates for crucial positions across Washington.



Andreessen, co-founder of Andreessen Horowitz, has been actively involved in interviewing and recommending candidates for various roles, including those related to <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41770352/bitcoins-future-under-president-elect-donald-trump-a-look-at-his-crypto-policies">cryptocurrency policy</a>. 



His influence stems from a meeting with Trump last summer, where the President-elect&#8217;s message about beating China in the tech race resonated with the venture capitalist.



The Trump transition team has made <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42480856/donald-trump-pledges-to-do-something-great-with-crypto-heres-what-hes-done-so-far">crypto regulation</a> a priority, with plans to address issues like &#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/23/07/33437300/trump-supporter-nigel-farage-aims-to-tackle-de-banking-theres-solution-at-the-ready-bitcoi">de-banking</a>&#8221; and controversial accounting policies on day one of the presidency. 



David Sacks, appointed as Trump&#8217;s AI and <a href="https://www.benzinga.com/24/12/42356067/venture-capitalist-david-sacks-appointed-as-white-house-ai-crypto-czar-by-trump">crypto czar</a>, is working closely with industry leaders to finalize a legislative strategy.



&#8220;There has been an effort in the Washington bureaucratic swamp to stifle innovation with more regulation and higher taxes,&#8221; said Brian Hughes, a spokesperson for the Trump-Vance transition. 



He added that the administration aims to &#8220;develop a legal framework so the crypto industry can thrive in the United States.&#8221;



According to the report, Trump is expected to issue executive orders on day one of his presidency, possibly addressing de-banking and <a href="https://www.benzinga.com/24/12/42502213/new-crypto-accounting-standards-from-todaywill-it-boost-bitcoins-corporate-adoption">fair value accounting</a>, which requires banks holding cryptocurrencies to count them as liabilities on their balance sheet.



Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42956569/tether-to-relocate-headquarters-to-el-salvador">Tether To Relocate Headquarters To El Salvador</a>



Why It Matters: The tech industry&#8217;s increased involvement in the transition reflects frustrations with the Biden administration&#8217;s approach to regulating cryptocurrencies.



Andreessen described Trump&#8217;s victory as &#8220;a boot off the throat&#8221; during a November podcast, indicating the industry&#8217;s hope for a more favorable regulatory environment.



This shift aligns with recent expert opinions expressed at the <a href="https://www.benzinga.com/news/events/24/12/42441532/what-does-fair-value-accounting-mean-for-bitcoin-in-corporate-strategy">Benzinga Future of Digital Assets conference</a>, where panelists emphasized the need for regulatory clarity to unlock institutional growth in the digital asset market. 



Adam Guren of Hunting Hill Global Capital noted that regulatory uncertainty has been a major impediment to institutional adoption.



Ben Horowitz and Marc Andreessen have <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41976407/ben-horowitz-the-biden-regulators-lied-about-crypto">criticized the Biden administration&#8217;s crypto regulations</a>, accusing regulators of undermining legitimate businesses while allowing questionable projects to thrive. 



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42944474/donald-trump-jr-joins-kalshi-prediction-market-as-strategic-advisor">Donald Trump Jr. Joins Kalshi Prediction Market As Strategic Advisor</a></li>
</ul>



Image: Shutterstock

Trump Could Sign Crypto-Related Executive Orders On Day 1: Report

Crypto ETFs' inflows decline suggests macroeconomics is again a key market mover of crypto prices - CoinShares

Ethereum Price Forecast: ETH eyes support near $2,800 as investors book over $100 million in losses

Traders adopted a cautious approach on Monday as they awaited two critical inflation reports due later this week, seeking clarity on Federal <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42953940/tuesdays-producer-inflation-report-could-stoke-market-volatility-as-fed-path-remains-unclear">Reserve interest rate policy. </a>



Additionally, the kickoff of earnings season, led by major banks on Wednesday, added to <a href="https://www.benzinga.com/markets">the market&#8217;s subdued tone.</a>



The S&amp;P 500 and Nasdaq 100 edged lower, continuing Friday&#8217;s downturn sparked by unexpectedly strong jobs data. The lack of &#8220;buy-the-dip&#8221; enthusiasm in the tech-heavy indices signaled lingering uncertainty among investors.



In contrast, the Dow Jones Industrial Average eked out a gain, buoyed by a rally in energy stocks. Rising oil prices provided a key lift, as West Texas Intermediate (WTI) crude oil surged over 3% to approach $78 per barrel — a level last seen in mid-August 2024. The spike followed U.S. sanctions on Russian crude exports announced on Friday, which shifted market expectations around supply and demand.



Treasury yields extended their ascent, with the 10-year yield climbing to 4.79% and the 30-year yield rising to 4.97%, reflecting heightened expectations for tighter monetary policy. Bank of America Securities launched a bombshell indicating rising risks towards a rate hike as the next Fed move.



Commodity markets saw mixed action. Gold endured its sharpest daily loss in nearly a month, falling more than 1% as rising yields weighed on the precious metal. Meanwhile, copper staged a modest rebound, gaining 0.8% after a 0.5% decline last Friday.



Cryptocurrencies faced renewed volatility, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) plunging 3% to dip below $92,000, briefly touching a two-month low. The ripple effects extended to crypto-linked equities: MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) slid more than 3%, while Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) dropped nearly 4%.



<h1 class="wp-block-heading">Monday&#8217;s Performance In Major U.S. Indices, ETFs</h1>



<figure class="wp-block-table is-style-stripes"><table><tbody><tr><td>Major Indices</td><td>Price</td><td>1-day chg. %</td></tr><tr><td>Dow Jones</td><td>42,144.04</td><td>0.5%</td></tr><tr><td>S&amp;P 500</td><td>5,822.92</td><td>-0.1%</td></tr><tr><td>Russell 2000</td><td>2,183.39</td><td>-0.2%</td></tr><tr><td>Nasdaq 100</td><td>20,739.92</td><td>-0.5%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated at 1:30 p.m. ET</figcaption></figure>



According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010625&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:



<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.1% lower to $579.98.</li>



<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.7% to $422.03.</li>



<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.6% to $504.44.</li>



<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) dipped 0.3% to $216.19.</li>



<li>The&nbsp;Energy Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 2.3%; the&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 1.1%.</li>
</ul>



<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>



<ul>
<li>Major oil &amp; gas giants rallying on Monday include Valero Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>), up 5%, Baker Hughes Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) up 3.9%, and Marathon Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) up 3.5%.</li>



<li>Health insurance companies surged after a government proposal suggested increased payments for Medicare Advantage plans in 2026, lifting sentiment across the sector.</li>



<li>Shares of Humana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) rose 7.8%, CVS Health Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) followed closely with a 6.9% jump, while UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) saw a 4.8% increase.+</li>



<li>NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) dropped 2.7% to $132.19 as the AI chipmaker urged President-elect Donald Trump to oppose Biden administration regulations on AI technology. Meanwhile, HSBC cut its price target from $195 to $185 but reaffirmed its Buy rating.</li>



<li>Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) plummeted 20% after projecting 2025 revenue of $1.5 billion to $2.5 billion, missing analysts&#8217; estimates of $2.92 billion. The company also announced it would fast-track its cost-cutting measures.</li>



<li>Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) fell 12% as authorities investigated whether equipment from its subsidiary, Southern California Edison, played a role in sparking the Hurst fire in Los Angeles.</li>
</ul>



Read Now: 



<ul>
<li><a href="https://www.benzinga.com/25/01/42948649/goldman-sachs-warns-of-90-oil-risk-trump-may-not-ease-sanctions-once-he-takes-office">Oil Could Hit $90, Goldman Sachs Says: &#8216;Trump May Not Ease Sanctions&#8217; On Russia</a></li>
</ul>



Photo: Ryan DeBerardinis via Shutterstock

Stocks Edge Down Ahead Of Key Inflation Reports, Crude Hits 5-Month High, Bitcoin Sinks: What's Driving Markets Monday?

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) faces several key macroeconomic data releases this week, causing heightened volatility <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42946401/bitcoin-down-8-in-a-week-what-does-technical-analysis-say">in the markets</a>.



What Happened: The Kobeissi Letter pointed to a packed key economic events week which includes the December Producer Price Inflation on Tuesday, Consumer Price Inflation on Wednesday, Retail Sales on Thursday and the Philadelphia Fed Manufacturing Index on Thursday.



Additionally, seven Fed speakers are <a href="https://x.com/KobeissiLetter/status/1878435161932443921">scheduled</a>, making it a critical week for inflation data and Federal Reserve insights.



Crypto trader Michael van de Poppe speculated about the possibility of a classic &#8220;Sell the Rumor, Buy the News&#8221; event and questioned whether the catalyst could be PPI, CPI or even the President&#8217;s inauguration on Jan. 20.



He <a href="https://x.com/CryptoMichNL/status/1878847979672502425">noted</a> a significant selloff across altcoins to start the year.



Prominent analyst Alex Krüger <a href="https://x.com/krugermacro/status/1878860525305790670">observed</a> that that equities often crash overnight into Monday, hitting local bottoms by the U.S. cash open, particularly after a weak prior week. 



With CPI data and Trump's inauguration adding uncertainty, he expects heightened volatility.



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42908193/exclusive-answering-key-questions-about-bitcoins-future-before-inauguration">EXCLUSIVE: Answering Key Questions About Bitcoin&#8217;s Future 10 Days Before The Inauguration</a>



What's Next: Kevin, a prominent crypto analyst, highlighted that the macro environment, characterized by rising DXY and 10-year Treasury yields, supports Bitcoin dominance as investors seek perceived lower-risk assets. 



This dynamic could continue to hinder altcoins, delaying any hope for an altseason.



From a technical <a href="https://x.com/Kev_Capital_TA/status/1878669080913432696">perspective</a>, Bitcoin dominance is forming an inverse head-and-shoulders pattern on the 4-hour chart, targeting 59.5% dominance.



The altcoin cycle faces significant risks due to a lack of major monetary policy changes, further deviating from historical patterns.



Chart analyst Ali Martinez pointed out a steep decline in crypto market capital inflows—down 56.7% over the past month, from $134 billion to $58 billion. 



This sharp decline in investment activity could serve as a warning to traders.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Capital inflows into the cryptocurrency market have declined by 56.70% over the past month, dropping from $134 billion to $58 billion. This points to a significant reduction in investment activity. <a href="https://t.co/B0MmGs3t96">pic.twitter.com/B0MmGs3t96</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1878646904994562062?ref_src=twsrc%5Etfw">January 13, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Read Next:



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42919731/bitcoin-to-bounce-back-in-q1-but-beware-20-corrections-analysts-warn">Bitcoin To Bounce Back In Q1 But Beware 20% Corrections, Analysts Warn</a></li>
</ul>



Image: Shutterstock

Bitcoin's Big Macro Data Week: Here's What To Watch

<ul>
	<li>Solana price plunged 5% on Monday, trading below the $170 mark for the first time in 68 days.</li>
	<li>Solana trading volumes surged 2.8 billion SOL (from 1.54 billion to 4.35 billion) in the last 24 hours, coinciding with an increase in negative media comments.</li>
	<li>Technical indicators suggest the over-supplied SOL market could succumb to further price cuts before finding support.</li>
</ul>

Solana price plunged 5% on Monday, trading below the $170 mark for the first time since November 2024. On-chain data shows that SOL’s latest dip coincided with a negative swing in market sentiment. Is SOL price hinting at further downside risks?&nbsp;

<h2 class="fxs_headline_medium">Solana price plunges to 68-day low as crypto markets tumble&nbsp;</h2>

Solana (SOL) nosedived to a two-month low on Monday, mirroring the broader cryptocurrency market’s turbulent start to the week.

The plunge comes as traders brace for crucial <a href="https://www.fxstreet.com/analysis/five-fundamentals-for-the-week-us-inflation-uk-bond-rout-and-donald-trump-set-to-rock-markets-202501131054" target="_blank">inflation</a> data and navigate hawkish monetary policy signals, while geopolitical risks like renewed trade tensions weigh on sentiment.

Bitcoin dropped to $90,600 and Ethereum retraced to $3,100, reflecting bearish momentum across key assets.

<a href="https://editorial.fxsstatic.com/miscelaneous/SOLUSDT_2025-01-13_17-54-55-638723891751139199.png" target="_blank"><img src="https://editorial.fxsstatic.com/miscelaneous/SOLUSDT_2025-01-13_17-54-55-638723891751139199.png" style="width: 2546;height: 1331;"></a>Solana Price Action (SOL/USDT)

At press time, Solana is trading at $176.93, a steep 6.14% decline over the last 24 hours.

The token briefly hit $168 earlier in the session, marking its lowest level since November 6, 2024.

This 68-day low highlights ongoing selling pressure, particularly as trading volumes remain elevated, surpassing 4.59 million.

The extended downward shadow of Monday’s <a href="https://www.fxstreet.com/rates-charts/chart/candlestick-patterns" data-fxs-autoanchor="">candlestick</a> suggests weakening support levels, posing risks for further declines if bearish sentiment persists.&nbsp;

<h2 class="fxs_headline_medium">Negative sentiment sparks 2.8 billion SOL increase in sell pressure&nbsp;</h2>

Solana's underwhelming price performance on Monday mirrors the broader <a href="https://www.fxstreet.com/technical-analysis/sentiment" data-fxs-autoanchor="">market sentiment</a>.

However, the on-chain data trend shows SOL's latest downtrend coincided with a dramatic spike in market supply, a move that could trigger further downside or impede early breakout attempts.&nbsp;

In affirmation of this narrative, the Santiment chart below compares Solana’s daily Trading Volume against Weighted Sentiment —the balance between negative and positive comments surrounding a <a href="https://www.fxstreet.com/cryptocurrencies" data-fxs-autoanchor="">cryptocurrency</a> project.&nbsp;

<a href="https://editorial.fxsstatic.com/miscelaneous/Screen Shot 2025-01-13 at 5.13.58 PM-638723892472859383.png" target="_blank"><img src="https://editorial.fxsstatic.com/miscelaneous/Screen%20Shot%202025-01-13%20at%205.13.58%20PM-638723892472859383.png" style="width: 2544;height: 1188;"></a>Solana Weighted Sentiment vs. SOL Trading Volume | Source: Santiment&nbsp;

The blue line depicts how Solana’s trading volume surged by 2.8 billion in the last 24 hours, rising from 1.54 Billion SOL on Sunday to 4.35 billion SOL on Monday.&nbsp;

More so, this 90% spike in market supply has coincided with SOL Weighted Sentiment plunging further to negative values of 0.02 at press time on Monday.&nbsp;

When market volumes surge during a spike in negative comments as observed in the SOL on-chain trends, it signals that market participants are backing up their bearish concerns with active sell-side pressure.

While Solana currently trades at $176, having briefly tested the $168 level during the day, bears could anticipate weakened support levels below and pile on additional short positions in the days ahead.

<h2 class="fxs_headline_medium">Solana Price Forecast: $170 support at risk&nbsp;</h2>

Solana (SOL) plunged 6.19% to $176.85, marking a substantial bearish continuation after a rejection near $196.54 (upper Bollinger Band).

The current price is below the 20-day moving average, which indicates weakened bullish momentum. With a daily trading volume of 4.68 million, the rising activity signals aggressive selling pressure.

<a href="https://editorial.fxsstatic.com/miscelaneous/SOLUSDT_2025-01-13_18-49-09-638723893130766709.png" target="_blank"><img src="https://editorial.fxsstatic.com/miscelaneous/SOLUSDT_2025-01-13_18-49-09-638723893130766709.png" style="width: 2546;height: 1330;"></a>Solana Price Forecast | SOLUSDT (Binance)&nbsp;

The Choppiness Index (CHOP) reading of 43.09 suggests the market remains moderately directional.

If bearish sentiment intensifies, SOL risks breaching the $172.57 lower Bollinger Band, exposing $170 as the next critical support level.

A break below $170 could invite accelerated selling, driving the price toward $150.

However, should Solana defend the $172 support zone, a rebound towards the $196.54 resistance level remains plausible.

Such a move would depend on broader market recovery and improving sentiment.

The Bollinger Band's widening range indicates potential volatility ahead, leaving the short-term bias tilted bearish but subject to sharp reversals if momentum shifts.

Solana Price Prediction: SOL flashes 2.8B bearish trend amid hawkish Fed fears

Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) on Monday announced it has acquired a Digital Asset Service Provider (DASP) license by El Salvador, allowing it to subsequently relocate its operations to <a href="https://www.benzinga.com/news/25/01/42893089/el-salvadors-nayib-bukele-says-maybe-well-all-get-the-chance-to-buy-bitcoin-at-a-discount-after-doj-clears-sale-of-over-69k-btc">the Central American nation</a>.



What Happened: In a press release, the company stated El Salvador&#8217;s crypto-friendly policies, favorable regulations and adoption of digital assets by its citizens prompted the decision to relocate.



&#8220;This strategic positioning is helping to shape the future of financial systems, making the country a key player in the global fintech landscape,&#8221; Tether stated.



The company further stated that its move to El Salvador positions it to scale its efforts in supporting financial inclusion leveraging Bitcoin and stablecoin adoption in underserved regions.



It added that the move enhances Tether's flexibility to explore &#8220;groundbreaking&#8221; solutions in a supportive regulatory and business environment.



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42946219/microstrategy-acquires-2530-bitcoin-for-243m-reaching-450000-btc-in-total-holdings">MicroStrategy Acquires 2,530 Bitcoin For $243M, Reaching 450,000 BTC In Total Holdings</a>



Why It Matters: Tether is under scrutiny by U.S. federal authorities for potential sanctions and alleged <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41555467/federal-probe-into-tether-examines-potential-sanctions-and-money-laundering-breaches-wsj">anti-money laundering violations</a>.



In November 2024, unsealed court filings revealed that Mexican and Colombian drug cartels have used Tether and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) for <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42166673/drug-cartels-use-tether-and-bitcoin-to-launder-millions-court-documents-reveal">laundering millions of dollars. </a>



The documents detail how groups like the Sinaloa cartel exploit stablecoins to move wealth across borders through peer-to-peer networks, over-the-counter trades, and currency exchanges.



A source disclosed to investigators that cartels often buy USDT in Mexico below market rates—given its connection to illicit funds—and later sell it in Colombia. 



These activities are complemented by blockchain transactions that obscure the origins of funds, including conversions to Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).



Investigations have also uncovered substantial cryptocurrency activity linked to these cartels. 



For example, a Binance account under investigation processed $15 million in suspicious transactions between 2020 and 2023. 



Tether itself has reported working with global law enforcement agencies on over 195 cases involving illicit activities, blocking more than $2 billion in USDT tied to criminal operations.



The company's CEO Paolo Ardoino did not respond to a request for comment



Read Next:



<ul>
<li> <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42944474/donald-trump-jr-joins-kalshi-prediction-market-as-strategic-advisor">Donald Trump Jr. Joins Kalshi Prediction Market As Strategic Advisor</a></li>
</ul>



Image: Shutterstock

Tether To Relocate Headquarters To El Salvador

Needham analyst John Todaro maintained Bitdeer Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) with a Buy and raised the <a target="_blank" href="https://www.benzinga.com/quote/BTDR/analyst-ratings" rel="noreferrer noopener">price target from&nbsp;$14&nbsp;to&nbsp;$22</a>.



Todaro raised his price target and 2025 estimates after updating his expectations for machine manufacturing sales. Additionally, the analyst increased his valuation due to his growing confidence in Bitdeer&#8217;s high-performance computing opportunities.



He modeled $175 million in machine sales, which includes the previously announced 29,000 unit sale and his estimates for the fourth quarter of 2025.



Also Read: <a target="_blank" href="https://www.benzinga.com/government/regulations/25/01/42897081/nvidia-and-ai-chip-stocks-brace-for-impact-as-biden-administration-considers-new-china-export-ban-report" rel="noreferrer noopener">Nvidia and AI Chip Stocks Brace for Impact as Biden Administration Considers New China Export Ban: Report</a>



Todaro assumed a $15/TH sale price throughout 2025 at a production cost of $11/TH, which is in line with peers Canaan Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>). This added $47 million in EBITDA (partly offset by declines in the hosting business).



The analyst is increasingly excited about Bitdeer&#8217;s manufacturing segment, given customs-related issues with competitor Bitmain and the new machine architecture that Bitdeer is pioneering, which could lead to the most efficient ASICs on the market in the second half of 2025.



He noted that Bitdeer is a high-quality, underappreciated Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) miner. The company presents an attractive, diversified revenue base that will perform well in bitcoin bull and bear market cycles. This diversified model also provides a buffer to prop mining during the bitcoin halving event, which results in block rewards industry-wide declining by 50%.



Additionally, Bitdeer ranks in the middle- lower end of public bitcoin miners regarding production costs, offering an attractive gross margin with bitcoin at prices above $50-60k.



Lastly, Todaro noted the stock will re-rate to a higher multiple, more in line with peers based on hash rate expansion in 2025 (fueled by its recent production of new generation mining machines, which Bitdeer sources at &#8220;production cost&#8221;) and its growing presence in U.S. capital markets.



Todaro projected fourth-quarter revenue of $71.0 million and EPS loss of $0.17.



Price Action: BTDR stock is down 8.43% at $16.94 at last check Monday.



Also Read:



<ul>
<li><a href="https://www.benzinga.com/25/01/42896233/japanese-chipmaker-rapidus-sets-sights-on-broadcom-to-emulate-taiwan-semiconductors-market-dominance" target="_blank" rel="noreferrer noopener">Japanese Chipmaker Rapidus Sets Sight on Broadcom to Emulate Taiwan Semiconductor&#8217;s Market Dominance</a></li>
</ul>



Image via Shutterstock.

Bitdeer Growth Fueled By Strong Machine Sales, Efficient ASICs, Diversified Revenue, And High-Performance Computing Potential: Analyst

Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) is down 8% on the day to $3,020, leading analysts to discuss whether there is any bullish hope left for the <a href="https://www.benzinga.com/money/ethereum-eth-price-predictions">second-largest cryptocurrency</a>.



What Happened: Prominent whale trader Adam referred to Ethereum as a "cursed coin." 



Despite open interest rising by 110% since August, Ethereum never came closer than 20% below its all-time high. 



The trader <a href="https://x.com/abetrade/status/1878542644738994257">suggests</a> two strategies for entering a long position:



<ol start="1">
<li>Buy after a liquidation event below $3,000.</li>



<li>Place bids near $2,700, a key support level, if no liquidation event occurs.</li>
</ol>



Chart analyst Ali Martinez identified critical resistance for Ethereum between $3,360-$3,450 and key support between $3,066-$3,160.



 He also <a href="https://x.com/ali_charts/status/1878737753460166971">noted</a> that three whale wallets currently control around 43% of Ethereum&#8217;s total supply.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The most critical resistance level for <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> lies between $3,360 and $3,450, while key support is found between $3,066 and $3,160. <a href="https://t.co/gE0vEW35vb">pic.twitter.com/gE0vEW35vb</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1878593160383025288?ref_src=twsrc%5Etfw">January 13, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42899397/ethereum-price-drops-5-in-7-days-truly-an-excellent-buy-the-dip-opportunity">Ethereum Price Drops 5% In 7 Days: Truly An &#8216;Excellent Buy-The-Dip Opportunity&#8217;?</a>



Why It Matters: Benjamin Cowen, CEO of IntoTheCryptoverse, <a href="https://x.com/intocryptoverse/status/1878659316128887050">highlighted</a> that Ethereum's supply is set to return to pre-Merge levels within weeks, growing by 45,000 ETH per month and currently just 32,000 ETH below the pre-merge supply. 



Despite initial demand improvements after rate cuts, 10 months of inflationary supply growth have kept prices under pressure. &nbsp;



Lookonchain data revealed that whales <a href="https://x.com/lookonchain/status/1878827859013521412">withdrew</a> 10,000 ETH (worth $30.76 million) from Binance. 



IntoTheBlock data shows large transactions volume increased by 70.2%, while transactions greater than $100,000 dipped marginally from 3,406 to 3,281. Exchanges netflows spiked 791.5%.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42724952/2025-outlook-bitcoin-to-150000-ethereum-to-5500-dogecoin-hits-1-galaxy-research-predicts">2025 Outlook: Bitcoin To $150,000, Ethereum To $5,500, Dogecoin Hits $1, Galaxy Research Predicts</a></li>
</ul>



Image: Shutterstock

'Cursed Coin' Ethereum Down 8%: What Is Going On?

<ul>
	<li>Bitcoin hovers above $91,000 after a brief drop under $90,000 on Monday.</li>
	<li>Altcoins and AI-related tokens corrected heavily, responding to Bitcoin’s price drop.</li>
	<li>AI agent launchpad coins erased nearly 15% from its market capitalization within 24 hours.</li>
	<li>NEAR, ICP, Render and TAO declined between 5 and 7% on the day.</li>
</ul>

Bitcoin (BTC) lost support at the $90,000 level on Monday, down to a low of $89,256 on the day. Experts analyzed the state of the market, identifying catalysts like macroeconomic developments in the <a href="https://www.fxstreet.com/economic-calendar" data-fxs-autoanchor="">United States</a> (US) and President-elect Donald Trump’s inauguration as the key movers for BTC.&nbsp;

The Artificial Intelligence (AI) category of tokens was the hardest hit, with AI agent launchpad tokens losing nearly 15% of their market cap on Monday.&nbsp;

<h2 class="fxs_headline_medium">Why Bitcoin slipped to a low of $90,000</h2>

<a href="https://www.fxstreet.com/cryptocurrencies/news/bitcoin-forecast-forecast-btc-falls-below-92-000-as-exchanges-show-overheating-conditions-202501131133" target="_blank">Bitcoin</a> corrected under $90,000 briefly, recovering above $91,000 at the time of writing. The brief decline raised concerns among BTC holders and crypto traders, with the emergence of the "end of Bitcoin bull run"&nbsp;narrative.

James Toledano, chief operating officer at Unity Wallet, suggests FXStreet’s readers bear in mind that Bitcoin and crypto generally is

<blockquote>
"a volatile beast over a month, this is all very normal for Bitcoin."
</blockquote>

When asked to identify factors behind Bitcoin’s correction, Toledano says:&nbsp;

<blockquote>
"As for why it has dropped it could be for a variety of factors, but the following stand out. The first is profit-taking, after hitting a peak of around $108,300 in mid-December, the market has seen a massive amount of it, particularly following the election of pro-crypto President-elect Donald Trump."

"Secondly, while institutional buying has continued contributing to Bitcoin reserves on exchanges hitting a seven-year low, trading volume remains subdued and this could simply be down to a seasonal slow-down,"&nbsp;he added.
</blockquote>

The Unity Wallet executive highlighted that extended breaks or slow recovery from the holiday season are another factor behind the lack of decisive momentum in the crypto market.&nbsp;

The $100,000 milestone remains a key resistance level for <a href="https://www.fxstreet.com/cryptocurrencies/news/three-reasons-why-bitcoin-might-correct-while-xrp-ethereum-rally-next-week-202501101812" target="_blank">Bitcoin</a> and Toledano considers the impact of macroeconomic factors on the crypto market when explaining the BTC drawdown.&nbsp;

President-elect Trump’s inauguration is scheduled for January 20 and anticipation surrounding the event could lead to short-term volatility for an asset that is already highly volatile.&nbsp;

<h2 class="fxs_headline_medium">Altcoins and AI agent tokens lose value rapidly</h2>

Typically, a correction in Bitcoin drags down altcoins and the market capitalization of crypto, nearly every dip. CoinGecko data shows that the crypto market cap is down nearly 5% in the past day.&nbsp;

Altcoins ranked in the top 10 tokens have erased between 2% and 7% of their value in the last 24 hours.&nbsp;

<a href="https://editorial.fxsstatic.com/miscelaneous/Screenshot_2025-01-13_at_9.35.54_PM_optimized-638723842695330024.png" target="_blank"><img alt="Top 10 crypto tokens" src="https://editorial.fxsstatic.com/miscelaneous/Screenshot_2025-01-13_at_9.35.54_PM_optimized-638723842695330024.png" style="width: 950px; height: 748px;"></a>

Top 10 crypto tokens ranked by market capitalization | Source: CoinGecko&nbsp;

AI agent tokens wiped out nearly 15% of value in the same timeframe. The top 5 tokens in the category, as seen on CoinGecko, suffered double-digit losses in the last 24 hours.&nbsp;

The market capitalization of the sector slipped to $4.413 billion and the 24-hour trade volume hovers around $902.6 million.&nbsp;

Top AI tokens, Near protocol (NEAR), Internet Computer Protocol (ICP), Render (RNDR) and Bittensor (TAO) prices decreased between 5 and 7% in 24 hours.&nbsp;

Crypto and AI tokens hit hard as Bitcoin slips below $90,000

<ul>
	<li>Cardano price declined by 8% in 24 hours to hit $0.91 on Monday, after emerging as the best performer last week.&nbsp;</li>
	<li>ADA open interest held steady at $1.2 billion despite the market dip, signaling traders’ reluctance to exit.&nbsp;</li>
	<li>Historical indicators reflect frequent high-volume accumulation around the $0.90 support level.&nbsp;</li>
</ul>

Cardano’s price fell as low as $0.91 on Monday, entering an 8% correction after emerging as the best performer last week. Market data shows that ADA bull traders remain reluctant to exit despite volatile price movements. Will ADA stage a rapid rebound from $0.90?&nbsp;

<h2 class="fxs_headline_medium">Cardano downtrend halts at $0.90 as traders book profits</h2>

Cardano (ADA) was among the hardest-hit cryptocurrencies on Monday as the global crypto market faced another downturn.

The sell-off was largely driven by mounting concerns over inflation after stronger-than-expected <a href="https://www.fxstreet.com/economic-calendar" data-fxs-autoanchor="">United States</a> (US) jobs data was released last week.

Investors are now bracing for an uptick in inflation, which could reduce the likelihood of further Federal Reserve (Fed) rate cuts in Q1 2025.&nbsp;

With the Consumer Price Index (CPI) report due on Wednesday, cryptocurrencies experienced heightened volatility as US markets reopened, prompting traders to recalibrate their positions ahead of the key data.

Notably, Cardano, which ranked as one of the best-performing assets last week, saw its bullish momentum reverse sharply on Monday.

<a href="https://editorial.fxsstatic.com/miscelaneous/ADAUSDT_2025-01-13_15-46-13-638723794933827552.png" target="_blank"><img src="https://editorial.fxsstatic.com/miscelaneous/ADAUSDT_2025-01-13_15-46-13-638723794933827552.png" style="width: 2546;height: 1330;"></a>Cardano (ADA) Price vs. TOTAL Crypto Market Capitalization

Cardano's price plunged 10% on Monday, declining from its $0.99 opening price to $0.91 at press time.

By contrast, the TOTALCap chart indicates that the overall crypto market fell by just 5% during the same period.&nbsp;

This highlights that ADA is declining nearly twice as fast as the broader market average.

This suggests that traders who benefited from ADA’s chart-topping 17.8% gains last week are now locking in profits, driving the intensified sell pressure.

<h2 class="fxs_headline_medium">Speculative traders maintain $1.2B Open Interest on ADA ahead of Trump inauguration</h2>

The broader macroeconomic uncertainty, coupled with expectations of a rate pause and geopolitical developments like new US tariffs, have placed downward pressure on Cardano price and the wider crypto market on Monday.&nbsp;

However, derivatives market trends indicate that many investors remain focused on potential upside scenarios tied to upcoming events, particularly <a href="https://www.fxstreet.com/analysis/five-fundamentals-for-the-week-us-inflation-uk-bond-rout-and-donald-trump-set-to-rock-markets-202501131054" target="_blank">Donald Trump</a>’s January 20 inauguration.

The Trump administration’s transition committee has proposed a crypto tax reform that could eliminate capital gains taxes for US-based <a href="https://www.fxstreet.com/cryptocurrencies" data-fxs-autoanchor="">cryptocurrency</a> projects, including Cardano.

According to trends observed on Coinglass’ ADA Open Interest chart, Trump’s policy speculation currently appears to be influencing traders’ positions.&nbsp;

<a href="https://editorial.fxsstatic.com/miscelaneous/Screen Shot 2025-01-13 at 4.15.09 PM-638723796678026554.png" target="_blank"><img src="https://editorial.fxsstatic.com/miscelaneous/Screen%20Shot%202025-01-13%20at%204.15.09%20PM-638723796678026554.png" style="width: 2474;height: 734;"></a>Cardano Open Interest vs. ADA Price | Source: Coinglass

Despite ADA’s 10% price decline over the past two days, the asset’s open interest remains steady at $1.16 billion. This signals that the ADA market continues to attract new speculative positions even as some traders exit amid the recent dip.

The steady $1.16 billion open interest in ADA derivatives illustrates that traders are adopting a defensive yet optimistic approach. With Trump’s inauguration now just days away, many appear to be anticipating a potential market rebound, particularly if the proposed crypto-friendly policy amendments materialize.

<h2 class="fxs_headline_medium">ADA Price Forecast: Bulls set to mount buy wall $0.90</h2>

Cardano (ADA) shows signs of recovery, with its price rebounding from the critical $0.90 support level after a steep 10% daily timeframe decline.

However, historical indicators reveal frequent high-volume accumulation near $0.90, suggesting it serves as a pivotal buy wall.&nbsp;

In affirmation of this stance, technical indicators on the 12-hour chart show ADA price has moved above the Volume-Weighted Average Price (VWAP) at $0.92 indicating strong buying support.&nbsp;

<a href="https://editorial.fxsstatic.com/miscelaneous/image-638723796530052666.png" target="_blank"><img src="https://editorial.fxsstatic.com/miscelaneous/image-638723796530052666.png" style="width: 2546;height: 1330;"></a>Cardano Price Forecast | ADAUSDT

Adding to this bullish case, the Moving Average Convergence Divergence (MACD) in the same time frame reflects a narrowing gap between the signal and MACD lines, nearing a bullish crossover zone.

Should the price stabilize above $0.91, a rally toward the upper Keltner Channel boundary at $0.96 could materialize, with $0.99 acting as a subsequent resistance target.

Conversely, failure to hold $0.90 could lead to renewed selling pressure, dragging ADA toward $0.83.

The MACD’s marginally negative readings signal vulnerability if buyers fail to sustain momentum.&nbsp; 
&nbsp;

Cardano Price Forecast: ADA to hold $0.90 support as traders bet $1.2B on Trump policies

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) broke new ground in 2024 with the launch of its <a href="https://www.benzinga.com/crypto">spot exchange-traded products</a> (ETPs). According to JPMorgan analyst Kenneth B. Worthington, the impact was game-changing. From institutional adoption to market expansion, crypto's TradFi marriage reshaped the financial landscape—and a few key players reaped the rewards.



<h2 class="wp-block-heading">The Crypto Market's Big Leap</h2>



The total market cap for cryptocurrencies nearly doubled in 2024, driven in part by ETPs boosting accessibility and lending legitimacy to digital assets. Worthington notes that hedge funds, pension managers, and wealth advisors flocked to Bitcoin ETPs, propelling market confidence. With ~$36 billion in net new assets flowing into Bitcoin ETPs in just a year, BlackRock's IBIT led the charge, raking in ~$38 billion in net sales.



Grayscale had a rockier ride, shedding $22 billion after converting its Bitcoin Trust into an ETP. Despite the rough patch, its new retail-friendly BTC vehicle attracted ~$900 million.



Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42935031/massive-903-million-bitcoin-transfer-stirs-crypto-market-whats-happening">Massive $903 Million Bitcoin Transfer Stirs Crypto Market: What&#8217;s Happening?</a>



<h2 class="wp-block-heading">Who Won Big?</h2>



BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), and Virtu Financial Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>) emerged as the clear winners. 



BlackRock saw an estimated ~$54 million revenue boost, while Coinbase thrived as a custodian and trading partner, riding high on increased token volumes. Virtu capitalized on its role as a market maker across all 11 Bitcoin ETPs.



<h2 class="wp-block-heading">Looking Ahead: Regulatory Roulette</h2>



The future of crypto ETPs hinges on regulatory dynamics in 2025. While new products featuring tokens like Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) and Ripple (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) await SEC approval, Worthington warns investor demand may be tepid. The next wave might be more about refining crypto infrastructure than introducing new assets.



Bitcoin ETPs may have lit up 2024, but only time will tell how long this blaze will burn.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42935597/mark-cuban-advocates-bitcoin-over-gold-during-economic-turmoil-i-think-it-has-more-value-than-gold">Mark Cuban Advocates Bitcoin Over Gold During Economic Turmoil: &#8216;I Think It Has More Value Than Gold&#8217;</a></li>
</ul>



Photo: Shutterstock

Bitcoin's 2024 Revolution: ETPs Double Crypto Market Cap, Big Winners Emerge

Ethereum's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) price has decreased 6.92% over the past 24 hours to $3,041.15, continuing its downward trend over the past week of -17.0%, moving from $3,683.38 to its current price. 
The chart below compares the price movement and volatility for Ethereum over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2025/1736780406_0.png" alt="price_chart" />

Ethereum's trading volume has climbed 37.0% over the past week along with the circulating supply of the coin, which has increased 0.08%. This brings the circulating supply to 120.49 million. According to our data, the current market cap ranking for ETH is #2 at $366.52 billion.
<img src="https://www.benzinga.com/files/images/story/2025/1736780406_1.png" alt="supply_and_vol" />

<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Ethereum Decreases More Than 6% Within 24 hours

Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) opens the week down 6% after dropping 17% over the past seven days, with traders voicing only muted optimism for its future.



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Market Cap</td><td>24-Hour Trend</td><td>7-Day Trend</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>&nbsp;$0.3175</td><td>$46.9 billion</td><td>-6.2%&nbsp;</td><td>-17.5%&nbsp;</td></tr><tr><td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>&nbsp;$0.00002017</td><td>$11.9 billion</td><td>-7.1%&nbsp;</td><td>-16%&nbsp;</td></tr><tr><td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td><td>&nbsp;$0.00001616</td><td>$6.8 billion</td><td>-9.1%&nbsp;</td><td>-21.9%&nbsp;</td></tr></tbody></table></figure>



Trader Notes: Crypto trader Cephii observed Dogecoin's performance relative to Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), <a href="https://x.com/Cephii1/status/1878782436353675640">calling</a> it the "meme coin vs. the chain of infinite meme coins." 



He argues that Dogecoin might be the <a href="https://x.com/Cephii1/status/1878768390791426251">best</a> buy among fragmented liquidity in Layer-1s, Layer-2s and meme coins.



Altcoin Sherpa suggests Dogecoin could deliver a "decent" move when altcoins rally but is skeptical about it leading the market like it did in November 2024. 



He calls it a "fine buy" but advises traders to remain patient.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> not too many thoughts on this, think that it&#39;s going to make a decent sized move when alts go but not sure if it&#39;s going to lead like we saw in early November. Probably a fine buy but would be patient <a href="https://t.co/KMpftjl8C1">pic.twitter.com/KMpftjl8C1</a>&mdash; Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1878530354408984986?ref_src=twsrc%5Etfw">January 12, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Trader Tardigrade emphasizes bullish signals for Dogecoin, citing fractal patterns and an RSI alignment as signs of an impending rally. 



He <a href="https://x.com/TATrader_Alan/status/1878762930390589545">urges</a> patience, stating that the coin could deliver strong returns in the near future.



Statistics: Whale Alert <a href="https://x.com/whale_alert/status/1877672095313707118">data</a>, in a post on X on Jan. 10, shows around 112.7 million DOGE, worth $37.99 million, transferred from an unknown wallet to Coinbase. 



Crypto chart analyst Ali Martinez <a href="https://x.com/ali_charts/status/1877847135108092102">highlighted</a> on Saturday on X that whales purchased 470 million DOGE in the past 24 hours.



Coinglass data shows DOGE Derivates trading volume spiked 62.6% to $5 billion in the past 24 hours, while liquidations stand at $15.88 million, with $13 million in long liquidations.



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42895962/dogecoin-plummets-another-6-but-traders-remain-upbeat-why">Dogecoin Plummets Another 6% But Traders Remain Upbeat: Why?</a></li>
</ul>



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