Bitcoin’s price could drop by nearly 26% in the first quarter of 2025, potentially falling to around $75,000, according to a recent market analysis. However, other crypto analysts remain skeptical about the likelihood of such a decline.
In a Jan. 28 market report, Dr. Sean Dawson, head of research at Derive, stated that the probability of Bitcoin (BTC) dropping below $75,000 by March has increased to 9.2%, up from 7.2% over the past 24 hours.
Bitcoin’s Volatility and Market Trends
Bitcoin’s price fluctuations have been closely tied to broader market trends. On Jan. 27, BTC fell by 6.5% to $97,906 amid a widespread downturn in the crypto and stock markets. The decline was triggered by the release of DeepSeek’s latest artificial intelligence model, which rattled investor sentiment. However, Bitcoin quickly rebounded above the $100,000 mark, trading at $102,100 at the time of publication, according to CoinMarketCap.
Dawson noted that Bitcoin’s at-the-money implied volatility—an indicator of demand for options—spiked from 52% to 76%. This suggests that traders are increasing their positions in put options to hedge against potential downside risks.
“The slight uptick in the probability of Bitcoin heading back toward $75,000 reflects a shift in market sentiment toward bearishness as traders adjust to rising uncertainty,” Dawson explained.
The last time Bitcoin was trading near $75,000 was on Nov. 8, just three days after Donald Trump won the U.S. presidential election. Following this dip, BTC entered a strong rally, crossing the $100,000 threshold for the first time on Dec. 5.
Bitcoin’s Correlation with Macroeconomic Trends
Bitfinex analysts noted in a Jan. 27 report that Bitcoin’s price movements continue to reflect its correlation with broader macroeconomic shifts.
“Bitcoin’s price is less a standalone reflection of its market fundamentals and more tied to broader macroeconomic shifts, particularly in risk sentiment,” the analysts stated.
They further emphasized that Bitcoin is no longer operating as an isolated digital asset but is now more aligned with global risk assets.
“In our view, Bitcoin is no longer just a digital asset playing by its own rules — but is now firmly tethered to the broader risk asset landscape,” they added.
Arthur Hayes, co-founder of BitMEX, echoed similar concerns, predicting that Bitcoin could retreat to the $70,000-$75,000 range. He suggested that such a drop might trigger a “mini financial crisis,” leading to increased liquidity injections from central banks. Hayes believes this would ultimately drive Bitcoin’s price to $250,000 by the end of 2025.
Bitcoin Halving and Its Market Impact
Bitcoin’s price movements in 2024 are closely linked to the highly anticipated Bitcoin halving event scheduled for April 2024. Bitcoin halving occurs approximately every four years, reducing the block rewards for miners by 50%. This mechanism decreases the rate at which new BTC enters circulation, historically leading to significant price increases due to reduced supply.
Past halvings have often preceded bullish price trends. For example, after the 2020 halving, Bitcoin’s price surged from around $8,000 to an all-time high of nearly $69,000 by late 2021. Similarly, after the 2016 halving, BTC rose from approximately $650 to $20,000 by December 2017.
The upcoming 2024 halving is expected to lower Bitcoin’s block reward from 6.25 BTC to 3.125 BTC per block. This supply shock could contribute to long-term price appreciation, though short-term volatility remains a concern.
Market Sentiment and Institutional Adoption
The recent surge in Bitcoin’s price to over $100,000 has been fueled by growing institutional adoption and increasing interest in Bitcoin exchange-traded funds (ETFs). Major financial firms, including BlackRock and Fidelity, have launched Bitcoin ETFs, providing traditional investors with easier access to the cryptocurrency market.
Additionally, growing acceptance of Bitcoin as a store of value amid inflation concerns has reinforced its role as digital gold. Institutional investors and hedge funds are increasingly incorporating Bitcoin into their portfolios as a hedge against economic uncertainty.
Potential Risks for Bitcoin in 2025
Despite the optimism surrounding Bitcoin’s future, certain risks could contribute to short-term price declines:
- Macroeconomic Uncertainty: Bitcoin’s correlation with traditional markets means it remains susceptible to economic downturns, interest rate hikes, and shifts in investor sentiment.
- Regulatory Pressures: Governments worldwide continue to scrutinize cryptocurrency markets, with potential regulations that could impact institutional participation and trading activity.
- Market Corrections: Bitcoin has historically experienced sharp price corrections even during bull runs. A temporary pullback to $75,000 would not be unprecedented.
While some analysts foresee a potential dip in Q1 2025, others remain bullish on Bitcoin’s long-term trajectory. With the upcoming halving, continued institutional adoption, and macroeconomic factors at play, Bitcoin’s price is likely to remain highly dynamic in the coming months.
Bitfarms, a leading multinational Bitcoin mining company, has announced the sale of its 200 MW Bitcoin mining facility in Yguazu, Paraguay, to Hive Digital Technologies for approximately $85 million. Hive, a competitor in the Bitcoin mining and AI sectors, intends to finalize the transaction by the end of Q1 2025. Bitfarms plans to reinvest the capital from the sale to enhance its mining and computational capacity in the United States.
Details of the Sale and Yguazu’s Role
The Yguazu facility, Bitfarms’ largest Bitcoin mining site in Paraguay, played a key role in the company’s operations in South America. With a capacity of 200 MW, the farm significantly contributed to Bitfarms’ overall hash rate and operational efficiency.
In addition to the Yguazu site, Bitfarms operates two other mining facilities in Paraguay: Villarrica and Paso Pe. These facilities have a combined capacity of 80 MW, with Villarrica contributing 10 MW and Paso Pe accounting for 70 MW.
Hive’s acquisition of Yguazu reflects the growing trend of Bitcoin miners diversifying into high-performance computing (HPC) and artificial intelligence (AI) infrastructure.
Rebalancing Toward North America
Bitfarms CEO Ben Gagnon emphasized that the sale is part of the company’s strategy to streamline operations and focus on North America. Gagnon stated:
“Bitfarms will be reinvesting the capital from this sale toward its 1 GW growth pipeline in the US for BTC and HPC/AI infrastructure, which marks a significant milestone in our transition from an international Bitcoin miner to a North American energy and compute infrastructure company.”
The company aims to rebalance its portfolio to achieve an 80% North American and 20% international presence by the end of 2025.
Bitfarms currently operates in Canada, the United States, Argentina, and Paraguay, with capacities of 158.5 MW, 17.5 MW, 54 MW, and 280 MW (including Yguazu), respectively.
Bitcoin Mining and Its Link to Hash Rate
Bitcoin mining involves solving complex cryptographic puzzles to validate transactions on the blockchain, a process that requires substantial computational power. The efficiency of Bitcoin mining operations is often measured by their hash rate—the total computational power dedicated to mining Bitcoin globally.
A higher hash rate indicates a more secure network and generally correlates with increased mining difficulty. Facilities like Bitfarms’ Yguazu site contribute significantly to the global hash rate, leveraging Paraguay’s abundant hydropower resources to operate efficiently.
The recent sale of the Yguazu facility comes at a time when the hash rate continues to grow, driven by increased investment in mining infrastructure. However, the energy-intensive nature of mining has prompted companies to diversify into sustainable and high-performance computing, such as AI.
Hive’s Transition to AI and HPC
Hive Digital has been expanding its focus from traditional Bitcoin mining to AI and HPC data centers. This strategic pivot aligns with industry trends, as mining companies explore alternative uses for their computational resources.
The transaction with Bitfarms will see Hive making an initial payment of $25 million, with an additional $31 million spread over the next six months. This move is expected to bolster Hive’s capacity in both Bitcoin mining and AI infrastructure.
The Trump Administration and U.S. Mining Growth
The Trump administration’s policies on crypto and energy have influenced the growth of Bitcoin mining in the United States. Trump’s pro-business stance, coupled with his push for energy independence, has created a favorable environment for mining companies to expand their operations domestically.
Bitfarms’ renewed focus on the U.S. aligns with this broader trend, as the company seeks to capitalize on the supportive regulatory environment and access to affordable energy.
Future Prospects
The sale of the Yguazu facility marks a significant milestone in Bitfarms’ transition from an international Bitcoin miner to a North American-focused energy and compute infrastructure provider.
As the global hash rate continues to rise, the industry is poised for further consolidation and innovation, with companies like Bitfarms and Hive leading the charge. The growing integration of AI and HPC into mining operations signals a shift toward more diversified and sustainable business models.
With its strategic focus on the U.S. and investment in advanced infrastructure, Bitfarms is positioning itself for long-term growth in the evolving digital asset landscape.
Analog, a pioneer in blockchain interoperability with its Proof of Time protocol, has successfully raised $5 million in its latest funding round, bringing its total funding to $21 million. This milestone comes as the company gears up for its public token sale.
The funding, which spans Analog’s seed and subsequent rounds, underscores investor confidence in its vision of enabling seamless cross-chain interaction and accessible web3 data. Key investors include Tribe Capital, Balaji Srinivasan, Wintermute, and Mask Network. The raise also attracted support from Binance-incubated ventures, Foresight Ventures, Near Foundation, Contango Digital, GSR, NGC Ventures, and various angel investors.
With $21 million raised, Analog is now valued at a $300 million Fully Diluted Valuation (FDV) ahead of its Token Generation Event (TGE). The funds will accelerate the development of its General Message Passing (GMP) protocol and developer tools, designed to enable omnichain decentralized applications that operate seamlessly across multiple blockchains.
Analog’s interoperability solutions simplify dapp creation for EVM and Polkadot chains, with upcoming support for Solana and TON. Its flagship product, Zenswap, a decentralized exchange, showcases its cross-chain technology by enabling asset swaps across blockchains with USDC-based liquidity routing.
The company has partnered with notable projects such as Rarible, Pixelport, Zenswap, Belong Network, XYO, and others. Over 50 projects are currently building on Analog’s protocol, and its testnet has attracted more than 345,000 accounts in anticipation of the mainnet launch.
By addressing web3 challenges like fragmentation and inefficiencies, Analog is positioned to lead the transition toward a multi-chain future. Its scalable, developer-friendly platform enhances interoperability while ensuring security and efficiency, setting the stage for widespread adoption across institutions, developers, and end-users.
Meme coins are a type of digital asset that is inspired by trends, characters, and memes. Their main purpose is for entertainment and fun. And most crypto enthusiasts support them. Some of these coins come with animal meme images or animated characters that almost everyone can relate to.
Another incredible thing about them is that there are several meme coins that you can choose to invest in today. Below are the top meme coins in January 2025.
Dogecoin
Dogecoin (DOGE) features the lovable Shiba Inu dog from the popular “Doge” meme. It was launched as a joke in 2013. But, it’s now a serious player in the Crypto world, like NetBet is in the casino world.
This popularity is mainly because of endorsements by public figures, like Elon Musk. Recently, DOGE has been trading at $0.3608, which is great if you are looking for stability and growth in the meme coin space. In addition, it has a market capitalization of over $57 billion.
Shiba Inu
Shiba Inu is currently competing with DOGE to win meme coin supremacy. This coin’s has grown in popularity ever since its launch in the crypto world.
The popularity is mainly due to the loyal and passionate community that is available. As of 21st January 2025, Shibu Inu’s market capitalization reached $11.7 billion. This places it as one of the top cryptocurrencies by market cap, and it’s now trading at $0.0000199.
Artic Pablo (APC)
Artic Pablo (APC) is one of the newest meme coins that everyone is now talking about. It is currently in its presale phase, which has ensured that it has raised over $175,000 in just 11 days. What’s more, the current price of the APC tokes in the presale is $0.000026 and the total supply of this coins is 221.2 billion APC tokens.
This meme con is not yet listed on the exchanges. So, it doesn’t have an established market capitalization yet. But, its performance in the presale phase is string and that suggests investor interest in this meme coin.
$TRUMP
The $TRUMP is another great meme coin. This meme coin was launched on 17th January 2025 and is hosted on the Solana blockchain. On 20th January 2025, during Trump’s inauguration, the $TRUMP’s market cap peaked at nearly $11 billion.
Also, its price has been extremely volatile, where it reached the highs of over $70 before settling around $36.
$MELANIA
$MELANIA is another top meme coin that was launched on 19th January 2025. And by 20th January 2025, reports showed that its market cap rose to about $1.7 billion. That was only a few hours before the inauguration.
Its market cap is expected to stabilize at around $2 billion USD.
Bottom Line
The top meme coins in January 2025 are very diverse. Also, they are now more entertaining than ever, where you’ll see politicians, dogs, and even explorers on the coins. What started as an internet joke has pulled key players, like the US’s first couple, into the cryptocurrency market.
The latest crypto news that’s got everyone talking is Donald Trump and Melania’s move to join the cryptocurrency world. This first couple has reportedly entered the meme coin market. They made this move days before Trump’s big day back in the White House.
And that has sparked debates about their impact and purpose. The debate is more so after Trump called Bitcoin a ‘scam’ in 2021. Read on to learn more.
Trump and Melania Meme Coins
On 17th January 2025, Trump revealed his $TRUMP coin. It has an image of his attempted assassination in July. And, on 19th January 2025, Melania released her own $MELANIA coin. These coins promise a shift in the crypto world, just like NetBet slots are doing in casinos. They gained explosive values quickly, where the $TRUMP is now valued at $11 billion and $MELANIA at $1.7 billion.
Despite, their high worth, there is still some debates about them. This is more so about political figures involvement in the crypto market. For one, a crypto expert, Justin D’Anethan commented, “Should public figures, especially those with such political clout, wield this kind of sway in speculative markets?’
The Trumps are saying that these meme coins are just for fun and support, not for investment. However, 80% of $TRUMP cons are owned by companies lined to Trump.
What People Are Saying
Some people see the Trumps move into the cypto world as a marketing genius. On the other hand, many worry that the meme coins can mislead inexperienced investors. In addition to this controversy is Trump’s history, where he called Bitcon a “scam.”
Also, he once dismissed digital currencies as a threat to the dollar. Now, critics are calling Trump’s involvement in meme coins hypocritical. On the other hand, fans say that these meme coins act as proof of Trump’s ability to evolve and adapt.
What Could the Trump’s Move Mean For the Crypto Community?
The launch of the $TRUMP and $MELANIA coins could attract a new wave of users to the crypto market. If they continue to be popular, they may even compete with popular meme coins, such as Shiba Inu and Dogecoin.
What’s more, this whole meme coin craze isn’t just about the Trumps. It’s a bigger part of the crypto boom that is currently going on. For instance, after Trump’s inauguration there is an expectation that Bitcoin will hit its highest record yet. So, every crypto enthusiast currently wants to get a piece of the digital pie.
In addition, the $TRUMP and $MELANIA meme coins act as a reminder that the world of many is constantly changing. It’s now proving that crypto is quickly becoming a bigger part of our lives and that of politics, too.
Bottom Line
Trump and Melania’s entry into the cryptocurrency world has everyone talking. It has encouraged Trump’s supporters to join the crypto wave. However, some are still skeptical. Also, there are many unanswered questions on whether the coins will crash or soar after the inauguration. But only time will tell. The only thing for sure is that after Trump’s inauguration, there will be a shift in the crypto world.
Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, has seen a 6.7% drop in January, underperforming compared to the broader crypto market and Bitcoin. Despite this lackluster start to the year, historical data and market analysts suggest a brighter outlook for Ethereum in February and March.
Ethereum’s January Decline
As of January 27, Ethereum’s price has fallen from a January 1 high of $3,400 to an intraday low of $3,170, according to CoinGecko. This represents a notable 6.7% decline for the month, underlining its divergence from Bitcoin and other major cryptocurrencies, which have demonstrated resilience.
Ethereum’s underperformance in January contrasts with its historical trend of stronger months to follow. Market watchers have pointed out that Ethereum has consistently performed well in February and March, providing hope for a potential recovery in the near term.
Historical Performance in February and March
Ethereum has shown a robust historical trend during February. According to data from CoinGlass, ETH has only recorded a loss in February once—in 2018—following a massive 50% gain in January of that year. Prominent futures trader “CoinMamba” noted on X (formerly Twitter) that February and March are traditionally “very good months” for Ethereum.
For six consecutive years, February has delivered gains for Ethereum. Its largest February gain occurred in 2024, with the cryptocurrency surging more than 46%, climbing from $2,280 to end the month at $3,380. February 2017 also marked a significant rally, with Ethereum gaining approximately 48%, jumping from $11 to just under $16.
March has also been favorable for Ethereum, with gains recorded in seven of the past nine years. Following this trend, April has also historically been a strong month, further bolstering optimism among investors.
Expert Opinions and Market Sentiment
Despite Ethereum’s recent price drop, market sentiment among analysts and community members remains largely bullish. “Wolf,” an experienced analyst, shared their confidence on X, stating, “With eight years of experience as an analyst, I can confidently say I’ve never seen a chart as strong as ETH. The potential here is unmatched. It’s the best asymmetrical bet you can make.”
Anthony Sassano, a prominent Ethereum educator, also commented on recent developments within the Ethereum ecosystem, particularly the leadership shakeup at the Ethereum Foundation. Sassano noted a renewed energy in the community, stating, “The last week in Ethereum has been a complete and total shift in not just vibes but in the community’s hunger to win.”
Background on Ethereum and Ether
Launched in 2015, Ethereum is a decentralized blockchain platform known for enabling smart contracts and decentralized applications (DApps). Its native cryptocurrency, Ether (ETH), serves as the primary medium of exchange and is used to pay for transaction fees and computational services on the Ethereum network.
Ethereum has played a pivotal role in the growth of the crypto space, particularly through innovations like non-fungible tokens (NFTs) and decentralized finance (DeFi). These applications have positioned Ethereum as a leader in blockchain technology, making ETH one of the most widely used cryptocurrencies.
In 2022, Ethereum transitioned to a proof-of-stake (PoS) consensus mechanism through the highly anticipated Ethereum Merge. This upgrade significantly reduced the network’s energy consumption and laid the foundation for future scalability improvements, such as sharding.
Current Price Action and Challenges
As of January 27, Ethereum is trading at $3,183, reflecting a 4.5% decline over the past 24 hours amid a broader market downturn. The cryptocurrency remains down 35% from its all-time high of $4,878, recorded in November 2021. Furthermore, it has lagged behind other high-cap assets like Bitcoin, XRP, and Solana in recent months.
Despite these challenges, Ethereum’s underlying fundamentals remain strong. The platform continues to attract developers and investors due to its vibrant ecosystem, which powers the majority of blockchain-based applications.
The U.S. Securities and Exchange Commission (SEC) has officially rescinded Staff Accounting Bulletin (SAB) 121, a controversial rule that required financial firms holding cryptocurrency for customers to classify those assets as liabilities on their balance sheets. The move, announced in a new bulletin on Jan. 23, has been celebrated by industry leaders and lawmakers as a step toward reducing regulatory hurdles for crypto adoption.
Background on SAB 121 and Crypto Enforcement
Introduced in March 2022, SAB 121 aimed to address the risks associated with holding digital assets by mandating that financial institutions classify customer-held crypto as liabilities. The rule also required firms to disclose specific risks associated with these holdings. While the SEC justified this measure as a necessary step to ensure transparency and protect consumers, it faced significant backlash from the crypto industry and lawmakers alike.
Critics argued that SAB 121 created unnecessary administrative burdens for banks and financial institutions, deterring them from offering crypto custody services. Representative Wiley Nickel pointed out that the rule could force American banks to forgo custody of crypto exchange-traded products (ETPs) at scale, potentially concentrating risk among non-bank entities. Similarly, Senator Cynthia Lummis labeled the rule “disastrous” for the banking industry and a hindrance to American innovation in digital assets.
The Decision to Rescind SAB 121
The SEC’s new bulletin overturning SAB 121 represents a significant policy shift under the leadership of SEC Commissioner Hester Peirce, a known advocate for crypto innovation. Peirce, who leads the agency’s crypto task force, expressed relief at the rule’s rescission, stating in a Jan. 23 X post, “Bye, bye SAB 121! It’s not been fun.”
This decision marks a notable departure from the more stringent regulatory approach championed by SEC Chair Gary Gensler, whose tenure has been characterized by heightened enforcement actions against the crypto industry. Gensler’s stance has drawn criticism for what many perceive as regulatory overreach, with some stakeholders arguing that such measures stifle growth in the nascent digital asset space.
Bipartisan Pushback Against SAB 121
The repeal of SAB 121 follows bipartisan efforts in Congress to overturn the rule. House Financial Services Committee Chair French Hill applauded the SEC’s decision, emphasizing that the rule was “misguided” and inconsistent with standard financial practices. “Holding reserves against the assets held in custody is NOT standard financial services practice,” Hill remarked.
Senator Lummis echoed this sentiment, celebrating the rule’s repeal as a victory for the banking and crypto industries. “I am THRILLED to see it repealed and get the SEC back on track to fulfilling its intended mission,” she stated.
Despite these efforts, a bill to repeal SAB 121 initially faced challenges. While it garnered bipartisan support in both the House and Senate, it was ultimately vetoed by former President Joe Biden in June 2023. The House’s subsequent attempt to override the veto fell 60 votes short.
Implications for the Crypto Industry
The cancellation of SAB 121 is expected to ease operational and regulatory challenges for financial firms looking to provide crypto custody services. By removing the requirement to classify customer-held crypto as liabilities, the decision could pave the way for broader institutional adoption of digital assets.
Chris J. Terry, chief architect at Bitseeker Consulting, highlighted the significance of this development: “This change will encourage more banks and financial institutions to enter the crypto space, enhancing competition and reducing concentration risks.”
The move also aligns with broader efforts to create a more favorable regulatory environment for digital assets in the United States. Industry leaders have long argued that clear and balanced regulations are critical to fostering innovation and maintaining the country’s competitive edge in the global crypto market.
Looking Ahead
As the SEC takes steps to recalibrate its approach to crypto regulation, the focus now shifts to the broader implications of this policy shift. The rescission of SAB 121 may signal a willingness to engage more constructively with the crypto industry, potentially paving the way for further regulatory reforms.
For now, stakeholders remain cautiously optimistic. While challenges persist, the repeal of SAB 121 marks a significant milestone in the ongoing effort to integrate digital assets into the traditional financial ecosystem. With regulators, lawmakers, and industry leaders working toward a common goal, the future of crypto in the United States looks increasingly promising.
Nexo has unveiled a $5,000 minimum balance requirement as part of its transition into a more sophisticated digital asset wealth platform. The change, set to take effect on February 22, 2025, for existing users, aligns with Nexo’s commitment to serving affluent investors. With over $11 billion in assets under management, Nexo continues to expand its reach globally, leveraging its Growth Plan and rebranding efforts to better meet the needs of a maturing crypto market. Drawing inspiration from private banking, the company aims to provide exclusive, industry-leading services for sophisticated clientele.
The $5,000 minimum unlocks benefits such as priority client care, personalized account managers, tax-efficient crypto credit lines, the Dual Mode Nexo Mastercard, and tailored accounts in USD, EUR, and GBP. These enhancements reflect Nexo’s dedication to helping forward-thinking investors grow and preserve their wealth.
“Since 2018, Nexo has consistently introduced industry-first, innovative, and tax-efficient products that drive meaningful value,” said Kosta Kantchev, Nexo Co-founder and Executive Chairman. “Today, our long-term vision to cultivate an exclusive ecosystem for growth-focused investors is a reality.”
Clients maintaining balances above $5,000 gain access to the full suite of Nexo’s premium offerings, including higher loyalty program rewards and bespoke solutions. Those with smaller balances will still benefit from core services like the Nexo Credit Lines, Wallet, Exchange, and Card.
Additionally, Nexo is rolling out a streamlined Savings Hub, ensuring clients with qualifying balances continue earning passive income through Flexible and Fixed-term savings.
With over $320 billion in processed transactions and $1 billion in interest paid, Nexo’s robust track record underscores its position as a trusted platform for both retail and institutional investors. Its mission remains focused on delivering sustainable, tailored wealth solutions for generations to come.
Following the initial surge from the “Trump pump” trade, Bitcoin’s price has stabilized between $100,000 and $110,000 since the inauguration of the newly elected U.S. president.
On Jan. 21, the crypto asset saw a 3.78% jump, but its price movement has since consolidated within this range over the last 24 hours.
With no clear directional momentum on the lower time frame (LTF), one analyst predicts that this sideways trend could persist for the rest of the month.
Will quantitative easing spark Bitcoin’s next rally?
Krillin, a professional crypto trader, suggested that Bitcoin might continue its consolidation until after the Federal Open Market Committee (FOMC) meeting on Jan. 28–29.
He stated, “Assuming no BoJ scam, we likely chop between 100k and 110k till FOMC end of month.”
The analyst also hinted at a potential dip, given that interest rate cuts are not expected during the meeting.
According to the CME FedWatch tool, there is a 99.5% likelihood that interest rates will remain unchanged at 4.25%–4.5%.
However, dovish comments or hints at quantitative easing (QE) could drive risk assets higher.
As of Jan. 22, U.S. national debt reached $36.21 trillion, surpassing the $36.1 trillion ceiling.
Congress may raise the debt limit again, as it has done 78 times since 1960.
If QE becomes a reality, the Federal Reserve may inject liquidity into the market through large-scale asset purchases, a scenario that would likely benefit Bitcoin.
Tracking a reversal in the Fed’s balance sheet, which has declined from $9 trillion in April 2022 to $6.8 trillion as of Jan. 15, could provide further insight.
Bitcoin’s capital inflows have slowed
While the market anticipated aggressive bullish momentum after Bitcoin surpassed $100,000, data from Glassnode shows a decline in capital inflows.
BTC’s realized cap net position change fell from 12.5% to under 5% since November 2024.
Glassnode reported, “Net realized profit-taking peaked at $4.5B in Dec 2024, and is now down to $316.7M (-93%). This reduction in sell-side pressure suggests the market is resetting to a state of supply-demand balance.”
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