JH Kim

According to Cointelegraph, a cryptocurrency-focused media outlet, JP Morgan stated in a recent research note that "Gold and Bitcoin (BTC) are increasingly being recognized as means to hedge against geopolitical risks and inflation, becoming important components in investors' portfolios." JP Morgan anticipates that the so-called debasement trade, aimed at defending against currency depreciation, will continue in the future. Meanwhile, BTC is trading at $101,992.21, up 4.01% from the previous day, based on the Binance Tether (USDT) market as of 02:09 on the 7th.

On the 6th (local time), the X (formerly Twitter) account Negentropic, run by Glassnode co-founders Yann Hafel and Yann Allemann, reported that "over 10,800 BTC worth more than $1 billion were sold in relation to the Bitcoin (BTC) Exchange-Traded Fund (ETF) last week, and 3,100 BTC were bought on Friday." They added, "The sell-off was due to seasonal factors, and the buying pressure remains strong," and "as Trump's inauguration approaches, the buying pressure from traditional financial investors is expected to strengthen further."

Bitcoin (BTC) temporarily recovered the $102,000 level. Meanwhile, BTC is trading at $102,112 on Binance Tether (USDT) market as of 00:46 on the 7th, up 4.15% from the previous day.

On the 6th (local time), the cryptocurrency media CryptoPotato reported that "Ethereum (ETH) has surpassed $3,500 on the daily chart, with the potential to rise to $4,000 in the short term." It continued, "The Relative Strength Index (RSI) also exceeds 50%, indicating that momentum has turned bullish again," and analyzed, "However, the perpetual futures funding rate for ETH has declined over the past few weeks, showing a cooling in futures investment sentiment." Additionally, it added, "If the spot market demand is sufficiently supported, the rally could continue for the next few weeks." Meanwhile, ETH is trading at $3,694.09, up 2.01% from the previous day, based on the Binance Tether (USDT) market as of 00:21 on the 7th.

According to the cryptocurrency-focused media outlet Decrypto on the 6th (local time), Pump.fun announced that it was responsible for 70% of the transactions on the Solana (SOL) network over the past weekend. Pump.fun's highest transaction share was 75.5%, which fell to 53% on December 17th but has recently rebounded.

According to Cointelegraph, a cryptocurrency-focused media outlet, Blockworks Research conducted a survey of 42 founders of projects based on Solana (SOL), revealing that approximately 76% view meme coins positively. 16% of all respondents expressed skepticism, citing AI agents as the most overrated sector on Solana. Additionally, many respondents voiced concerns about Solana's MEV (Maximal Extractable Value) issues, where miners, block builders, and validators insert or reorder transactions within blocks to maximize block rewards. Meanwhile, if they had to choose a network other than Solana, they would opt for Base (BASE) or Sui (SUI).

Cryptocurrency newsletter WhaleWire analyst Jacob King stated on the 3rd (local time) on X (formerly Twitter), "We are currently in the calm before the storm," warning that "all signals indicate we are entering a multi-year bear market." He noted, "MicroStrategy's purchase volume is decreasing, and El Salvador has reversed its Bitcoin (BTC) policy," adding, "BlackRock's BTC spot ETF has experienced the largest outflow ever, and Tether has not issued new USDT for over 20 days." He further explained, "Do not be surprised if a sharp decline begins and the entire market faces significant losses. There is also a high possibility of it coinciding with a stock market crash." Additionally, he added, "Donald Trump does not support Bitcoin," stating that "he only mentioned it briefly to gain the favor of cryptocurrency investors just before the election."

According to Cointelegraph, a cryptocurrency-focused media outlet, Mike Collins, a Republican Congressman from Georgia and a close associate of President-elect Donald Trump, has purchased meme coin Ski Mask Dog (SKI) in amounts ranging from $1,001 to $15,000. This information was confirmed through a financial report he submitted to the US House of Representatives on the 1st, revealing that Mike Collins made three separate purchases of tokens, each up to $15,000, between December 1 and 3 of last year.

According to Cointelegraph, a cryptocurrency-focused media outlet, Deng Chao, the CEO of HashKey Capital, a Hong Kong-based issuer of Bitcoin (BTC) and Ethereum (ETH) spot ETFs and a specialized crypto investment firm, stated on the 3rd (local time) that "numerous crypto projects are expected to attract venture capital (VC) investment this year." He added, "Currently, these VCs are focusing on stablecoin products, real-world asset (RWA) tokenization, artificial intelligence (AI), and infrastructure." He further mentioned, "In particular, the prospect of Donald Trump's re-election as President of the United States is anticipated to bring more VC capital into crypto projects."

Eric Balchunas, Bloomberg's senior ETF analyst, stated on the 3rd (local time) via X (formerly Twitter), "As we enter 2025, the four most profitable assets are Gold Mines, Uranium, Psychedelics, and Bitcoin (BTC)," adding, "On the other hand, the assets showing the poorest performance so far are China, United States Treasury Bonds, and Lithium." Meanwhile, BTC is trading at $98,042.57, up 0.78% from the previous day, based on the Binance Tether (USDT) market as of 02:06 on the 4th.

On the 3rd (local time), cryptocurrency specialized media Cointelegraph reported, citing Coinwarz data, that Bitcoin (BTC) mining hashrate temporarily surpassed 1000EH/s, marking an all-time high. This is approximately double the level from 12 months ago, as the Bitcoin hashrate was at 510EH/s in January 2024. Meanwhile, BTC is trading at $98,042.57, up 0.78% from the previous day, based on the Binance Tether (USDT) market at 02:06 on the 4th.

Bitcoin (BTC) temporarily recovered to the $98,000 level. Meanwhile, BTC is trading at $98,347.93, up 1.21% from the previous day, based on the Binance Tether (USDT) market as of 01:24 on the 4th.

On the 3rd (local time), the cryptocurrency-focused media Watcher Guru cited CoinCodex data, predicting that "the price of Shiba Inu (SHIB) will rise by approximately 109% after the inauguration of U.S. President-elect Donald Trump." The media stated, "Shiba Inu is known for its rapid price increases," and explained, "Analyzing past patterns, Shiba Inu has surged by triple digits in bull markets." Meanwhile, SHIB is trading at $0.00002402, up 5.40% from the previous day, based on the Binance Tether (USDT) market as of 01:21 on the 4th.

Bill Miller, the Chief Investment Officer (CIO) of Miller Value Partners and a legendary figure in the hedge fund industry, predicted on the 3rd (local time) via his X (formerly Twitter) that "China could be the driving force behind the next Bitcoin (BTC) rally." He mentioned the recent announcement by the People's Bank of China regarding the possibility of a rate cut, stating, "This could act as a catalyst to significantly boost Bitcoin prices." Previously, the People's Bank of China had stated, "To revive the stagnant economy and prepare for the expansion of the US-China trade conflict, there is a high possibility of lowering the current rate of 1.5% at an appropriate time this year."

According to CryptoBasic, a media outlet specializing in virtual assets (cryptocurrency), Cliff Asness, a hedge fund mogul and founder of the American global investment management firm AQR Capital, stated that "Bitcoin (BTC) investors will pay a heavy price for their mistake in 10 years." He mentioned that "Initially, institutional investors who dismissed Bitcoin's value as foolish succumbed to the hype when Bitcoin hit $100,000 by the end of 2024," adding that "rumors of the U.S. government stockpiling strategic assets and tweets from Elon Musk were the main reasons." He continued, "By around 2035, a completely different scenario will unfold," warning that "Bitcoin, once called 'the future of money,' will plummet to around $10,000, causing massive losses for many investors." Additionally, he noted that "the leveraged Bitcoin play strategy, particularly investing in Bitcoin-related stocks, will end in failure," explaining that "these stocks, designed to amplify Bitcoin's price volatility, were bought at a high premium but will crash due to the decline in Bitcoin's value."

Bitcoin (BTC) temporarily returned the $97,000 level. Meanwhile, BTC is trading at $96,807.43, up 0.23% from the previous day, as of 00:21 on the 4th, based on the Binance Tether (USDT) market.

According to The Block, a cryptocurrency media outlet, Solayer, a restaking protocol on Solana (SOL), announced the introduction of its governance token LAYER and the launch of its foundation on the 2nd (local time). LAYER is an SPL-2020 token that will function as the governance token for Solayer and will be used to accelerate ecosystem growth and protocol development. Specific details regarding its utility are planned to be announced later this year. Solayer explained, "To support the next phase of the project (SVM expansion, LAYER token, Season 1 claim promotion, and protocol advancement), we have launched the independent non-profit organization, the Solayer Foundation."

While Polymarket users are predicting a 77% chance of Solana (SOL) spot Exchange Traded Fund (ETF) approval this year, Matthew Sigel, head of digital asset (cryptocurrency) research at U.S. asset management firm VanEck, stated on the 2nd (local time) via X (formerly Twitter) that "this is undervalued." He added, "The probability of a Solana ETF being listed is higher than that." Meanwhile, he also mentioned last November that "the likelihood of a Solana ETF being approved next year is very high."

Joo Ki-young, CEO of CryptoQuant, stated on the 2nd (local time) via his X (formerly Twitter) that "Old whales are selling Bitcoin (BTC)," and added, "Although there is a high volume of OTC transactions and exchange deposits, this trend will not collapse the market." He continued, "Buying pressure generally occurs on Coinbase, but currently, the daily premium on Coinbase is at its lowest level in two years," adding, "Recovery is needed for the next rise."

On the 2nd (local time), the cryptocurrency-focused media The Block reported that "since the implementation of the European Union (EU)'s cryptocurrency regulation law MiCA on December 30th last year (local time), Tether (USDT)'s market capitalization has decreased by $1.8 billion," stating that "this is the largest weekly fluctuation since the FTX bankruptcy incident." It continued, "Before the MiCA implementation, USDT's market cap was $138.8 billion, but it is now $137.0 billion, a decrease of 1.2%." It further explained that "if we extend the period to two weeks, the decrease is about 2.7%." Nia added, "However, it's difficult to conclude that the MiCA implementation alone affected the decrease in USDT's market cap."

According to the cryptocurrency media outlet CryptoBasic on the 2nd (local time), last year's increase in Bitcoin (BTC) significantly outpaced both the Nasdaq 100 and gold. During this period, Bitcoin rose by 121%, while gold increased by 26.7%, the Nasdaq 100 by 25.6%, large-cap U.S. stocks by 24.9%, and mid-cap stocks by 13.6%. Meanwhile, BTC is trading at $96,491.95, up 2.41% from the previous day, based on the Binance Tether (USDT) market as of 00:25 on the 3rd.