This Week’s Summary
Crypto Trends 20 – 26 Jan 2025: Market Analysis and Performance
The crypto market closes a historic week that may change its trajectory for years. At first sight, nothing changed significantly, as most cryptocurrencies have not made big movements either way. However, this week saw the official investiture of Donald Trump as the 47th President of the United States. As soon as he entered the Oval Office, Trump signed several executive orders. One of them will establish a national digital asset stockpile for the US. This means that the US is ready to create a favorable framework for cryptocurrencies and other digital assets. The move might bring crypto into the financial mainstream like nothing else before it.Trump’s official investiture sparked a bullish movement in the crypto market. As a result, most cryptocurrencies surged, setting new ATHs. However, as the enthusiasm died down, so did the bulls’ run. During the last hours of the week, most altcoins traded in the red, and the market capitalization dropped by over $200 billion, reaching $3.6 trillion.Bitcoin is one of the crypto assets that set a new ATH at $109,114. The historic event happened on Monday, January 20, Trump’s first official day back in the presidential chair. Unfortunately, the ascent didn’t go farther than that, and BTC soon dropped to nearly $100k. In the following days, the king of crypto seesawed around that level before it stabilized at around $105,000 again.Ethereum is trading at more or less the same value as last week. Following a meager 1% drop in the past seven days, ETH has very little to show from crypto’s wildest week of the year so far. Currently, ETH is trading at around $3,300.
Altcoins & DeFi
Most altcoins are trading in the red, with very few exceptions. For example, XRP is down by 1%, taking its value to $3.12. However, Ripple’s coin came only $0.5 short of setting a new ATH on Monday. Elsewhere, Solana is down by 6%, BNB by 2%, Cardano by 8%, Avalanche by 2%, Stellar by 8%, and Sui by 14%. On the other hand, TRON is up by 5%, Chainlink by 1%, and UNUS by 2%.The memecoins are not faring any better, either. For instance, Dogecoin is down by 9%, Shiba Inu by 8%, and Pepecoin by 15%.The Metaverse sector has also seen notable movements in the past week. For instance, Axie Infinity is down by 8%, Floki by 13%, Render by 4%, and Stacks by 8%. Moreover, Virtuals decreased by 14%, The Sandbox by 9%, Decentraland by 8%, and MultiversX by 12%.The DeFi sector added nearly $2 billion to the total value of locked protocols (TVL), which is now $124.98 billion.
Crypto Market Analysis – What’s in the News?
Next Week’s Crypto Market Forecast
The crypto market is still reeling after a highly eventful week. Trump’s second ascension to power seems to spell a new and favorable era for crypto and other digital assets. Despite the insignificant dip experienced this weekend, the market should recover next week as the sentiment remains primarily positive.More By This Author:Ethereum Tests Massive Falling Wedge – Breakout Could Target $4K Cycle Highs
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