1. Market sentiment has fallen to neutral levels
The cryptocurrency fear and greed index has dropped to 49 today (the average for last week was 70), indicating that market sentiment has returned from greed to neutral. This index combines indicators such as volatility, trading volume, and social media popularity, reflecting the shift in investor sentiment.
2. Bitcoin price approaches the $110,000 mark
Bitcoin has risen by 50% over the past month, nearing the important psychological level of $110,000. As the core asset of the crypto market, Bitcoin's strong performance has driven a recovery in the overall market, with funds beginning to flow from Bitcoin to high market cap tokens like Ethereum, marking a rotation phase in the market.
3. Trump administration promotes cryptocurrency policy
After taking office, U.S. President Trump welcomed favorable policies for the cryptocurrency industry. Trump has promised to make the U.S. the "global cryptocurrency capital" and plans to establish a national Bitcoin reserve. However, the implementation of specific policies will still take time, and the market remains cautious.
4. Standard Chartered predicts Bitcoin will rise to $500,000
Standard Chartered predicts that Bitcoin could rise to $500,000 during Trump’s term, approaching half the market value of gold. Driving factors include inflows into Bitcoin spot ETFs, improvements in the U.S. regulatory environment, and support from the Trump administration.
5. New developments in U.S. cryptocurrency regulation
The U.S. Securities and Exchange Commission (SEC) has launched a cryptocurrency working group website aimed at clarifying the securities status of crypto assets and optimizing the regulatory framework. The working group will discuss the approval process for exchange-traded products (ETPs), which may further simplify the approval of Bitcoin spot ETFs.
6. Solana chain meme coin PAIN refunds 80% of presale funds
The meme coin PAIN on the Solana chain raised 185,976 SOL in 48 hours, setting a record for the highest dollar value presale of a meme coin on the Solana chain. The team announced that they will refund 80% of the presale funds, retaining only 20% for starting liquidity and paying listing fees.
8. MicroStrategy (now renamed Strategy) reports four consecutive quarters of loss
MicroStrategy reported a net loss of $670.8 million in the fourth quarter, with digital asset impairment losses soaring to $1 billion. The company currently holds 471,107 Bitcoins, valued at around $44 billion, and announced its name change to Strategy to emphasize its cryptocurrency-centric business.
