Bitcoin is trading at $93,749 and Ethereum at $3,262 on the new day. The total value of the cryptocurrency market is 3.2 trillion dollars. Bitcoin’s market cap is $1.85 trillion, Ethereum’s market cap is $393 billion.

Crypto sentiment index falls to October levels as Bitcoin falls below $92,000

The Crypto Fear and Greed Index dropped 19 points to 50 on January 9, reaching its lowest level since October 14. The index experienced one of the biggest daily declines in the last few years and fell to the “Neutral” zone after hovering in the “Extreme Greed” and “Greed” zones for three months.

This decline coincided with the price of BTC falling below $92,000. It is stated that the decline was influenced by the news that the US Department of Justice will offer for sale $6.5 billion of the 198,000 Bitcoins seized from Silk Road, but no sale has taken place yet.

Analysts attribute this decline to the expectations of the US Federal Reserve to tighten monetary policy in 2025 and the pressure on BTC from the strengthening dollar with rising treasury yields. Additionally, an outflow of approximately $570 million from spot Bitcoin exchange-traded funds in the United States on January 8 indicates that the decline may continue.

Standard Chartered will offer crypto custody services in the EU with new Luxembourg license

Standard Chartered has received a license to offer crypto custody services in Luxembourg, with the aim of expanding its crypto asset services in Europe. The bank announced that it has opened a new establishment in Luxembourg to offer these services to its customers in the European Union.

The new entity will operate in accordance with Europe’s CryptoAsset Markets (MiCA) regulations. Laurent Marochini was appointed as CEO of Luxembourg operations. Marochini, who previously served as Head of Innovation at Société Générale, will manage the bank’s digital asset custody services in this position.

Standard Chartered’s Head of Global Finance and Securities Services, Margaret Harwood-Jones, stated that this license provides the opportunity to offer clients a secure and regulated digital asset custody service.

South Korea aims to lift ban on institutional cryptocurrency trading

South Korea plans to repeal regulation that effectively bans local institutions from trading cryptocurrencies. The Financial Services Commission (FSC), the country’s top financial regulator, aims to gradually allow institutional investors to open trading accounts on crypto exchanges, Yonhap news agency reported. In the first stage, this permission will be given to non-profit organizations.

Currently, according to South Korean law, only individual investors whose identities have been verified by the government can trade crypto. While there is no outright ban on institutional investors, the FSC advises banks to prevent the opening of such accounts. This step is one of President Yoon Suk-yeol’s election promises and aims to promote the local crypto industry. Yoon and the ruling People Power Party also support the launch and trading of crypto-based exchange-traded funds (ETFs) locally.

FSC plans to work on the second phase of the Virtual Asset Investor Protection Act, which came into force in July last year. This phase aims to establish regulations for stablecoins, crypto exchanges and token listings. Additionally, the FSC plans to amend the Financial Information Act to introduce a screening system for major shareholders of virtual asset service providers.

There was an inflow of $52.4 million to spot Bitcoin ETFs and an outflow of $86.8 million to spot Ether ETFs. Bitcoin and tech stocks fall as economic data challenges interest rate cut hopes

On January 7, 2025, there were significant declines in crypto and traditional markets due to concerns that stronger-than-expected economic data could delay the Federal Reserve’s interest rate cut expectations. Bitcoin dropped by over 5% in the last 24 hours, falling to $95,000. According to Coinglass data, with this sharp decline, long position liquidation exceeded $483 million in 24 hours. Ethereum lost over 8% and Solana lost over 7%.

The main reason for the movement in the markets was two critical economic reports. December ISM PMI data exceeded expectations, rising from 52.1 in November to 54.1. Additionally, the November JOLTS report revealed that job postings were higher than expected, while hiring rates decreased compared to the previous month. The work stoppage rate, which reflects employee confidence, fell to 1.9% from 2.1% in October.

These data caused investors to re-evaluate their interest rate cut expectations. The probability of a rate cut before June is now seen as below 50%. The Federal Reserve is expected to maintain current interest rates at its upcoming January meeting. Concerns have also affected stock markets; The S&P 500 fell more than 1.1% and the Nasdaq Composite fell 1.9%. Nvidia shares fell 6.2% despite CEO Jensen Huang announcing new AI initiatives at CES.

Ties between crypto and banking may strengthen with Trump administration

It is predicted that the Donald Trump administration may introduce positive regulations for crypto companies working with banks, but it is stated that expectations should be “realistic” in this new regulatory environment. TD Cowen’s Jaret Seiberg stated that some banks may be cautious about crypto risks due to banks’ obligations to comply with anti-money laundering (AML) and Banking Secrecy Act (BSA) rules.

While some banks avoid taking on these risks, others may choose to take advantage of this opportunity. However, the resistance of some crypto companies to government regulation may increase banks’ hesitations about collaborating with these firms. According to Seiberg, it seems inevitable that the ties between traditional finance and the crypto industry will strengthen under Trump.

This may pave the way for banks to issue stablecoins and trade crypto assets. It is also expected that restrictions on stablecoin-based payment systems and crypto-backed loans will be eased. Crypto companies, on the other hand, claim that US banking regulators are trying to restrict the crypto industry’s access to the traditional financial system. The published documents showed that direct recommendations were made to banks to stop their crypto activities, but crypto firms were not instructed to cut off banking services. It is anticipated that Trump will address this issue with a presidential decree.

Ether may reach $12,000 with Trump effect and Pectra update

Ethereum price, Derive DeFi protocol research head Dr. According to Sean Dawson, it could reach $12,000 in 2025. This means an increase of 3.57 times the current price. Dawson stated that this goal is possible if Ethereum successfully completes the Pectra update and ensures a regulation-friendly environment under the Trump administration. Currently, Ethereum is trading at $3,361.

The Pectra update aims to improve the scalability and efficiency of Ethereum and is expected to go live in the first quarter of 2025. Dawson emphasized that for Ethereum to grow, it must enable wider use in new areas such as the tokenization of real-world assets (RWA), increased inflows into exchange-traded funds (ETFs), and artificial intelligence. He also stated that there is a strong upward trend in the options market, with call options being 250% more than put options. However, Dawson warned that in a negative scenario, Ethereum’s price could fall below $2,000.

This is spot ether It could happen if their ETFs don’t attract enough interest from institutional investors or if competing projects like Solana come to the fore. Dawson also added that Ethereum’s market share is being threatened by other layer-1 projects and investors are turning to alternative assets with higher earning potential.

Bitcoin is trading at $96,687 and Ethereum at $3,449 on the new day. The total value of the cryptocurrency market is 3.33 trillion dollars. Bitcoin’s market cap is $1.91 trillion, Ethereum’s market cap is $415 billion.

Bitcoin futures funding rate shows 2025 starts with cautious optimism.

Bitcoin continues to hold above the $96,000 level. Analysts attribute this approach to investors’ cautious stance before events that could mobilize the market, such as Donald Trump’s presidential inauguration on January 20. According to Coinglass data, the Cryptocurrency Bitcoin perpetual futures funding rate is at 0.01%. Although this figure is the highest rate in a week, it is still in the neutral range.

In the last 24 hours, there has been over 130 million dollars of short position liquidation on central exchanges in the cryptocurrency market. $35 million of this came from Bitcoin and $15 million came from Ethereum. The fact that investors avoid taking big risks, the decrease in trade volumes and the increase in liquidations for short positions reflect the general cautious situation in the market. On the other hand, new trends also stand out in the cryptocurrency market. Tokens integrated with artificial intelligence (AI) attract the attention of investors with innovative use cases such as portfolio management and decentralized finance optimization.

O.xyz founder Ahmad Shadid stated that artificial intelligence agents can play an important role in blockchain transactions and that growth in this field will continue. Dragonfly Managing Partner Haseeb Qureshi predicted that the AI-token craze will leave its mark on the industry in 2025, but the impact of this innovation will decrease over time. A recovery is observed in the altcoin market after the volatile closing of 2024. Steno Research predicts that Ethereum may outperform Bitcoin in 2025 and the ETH/BTC ratio may increase from 0.035 to 0.06. Galaxy Research, on the other hand, stated that Ethereum could reach the $ 6,000 level this year and recapture its all-time high.

BlackRock’s spot Bitcoin ETF records largest daily net outflow since launch

BlackRock’s iShares Bitcoin Trust ETF (IBIT) attracted attention yesterday with a net outflow of $332.6 million, the largest daily outflow recorded since the fund’s launch last year. This surpassed the record net outflow of $188.7 million seen on Christmas Eve.

IBIT had recorded significant net inflows before Cryptocurrency Bitcoin reached its historic high of $108,135 in December, but has seen its performance decline in terms of daily inflows in recent weeks. Despite this, IBIT remains the largest spot Bitcoin ETF with total net inflows of $36.9 billion and net assets of $53.5 billion. Bitwise’s BITB fund received net inflows of $48.3 million, while Fidelity’s FBTC fund reported inflows of $36.2 million.

Ark Invest and 21Shares’ ARKB, VanEck’s HODL and Grayscale Mini Bitcoin Trust also recorded net inflows. Grayscale’s GBTC fund experienced a net outflow of $23.1 million. Spot Bitcoin ETFs in the US recorded a total net outflow of $242.3 million and trading volume of $3.24 billion yesterday. Additionally, spot Ethereum ETFs in the US reported total net outflows of $77.5 million on the same day.

While Bitwise’s ETHW fund led the outflows with a loss of $56.1 million, Grayscale’s ETHE fund saw an outflow of $21.4 million. The total transaction volume of Ether funds increased from $313.1 million the previous day to $397.2 million, reaching a total net inflow of $2.58 billion.

XRP broke the $2.40 resistance, rising up to 12% before Trump’s inauguration

XRPOn January 1, 2025, it recorded its biggest daily rise since December 2, with an increase of 11.92%. The price broke through the $2 level, which it has been testing as support for two weeks, and broke above the important resistance at $2.40.

This rise was supported by a large transaction worth $1 billion in which Ripple moved 500 million XRP from its escrow account to another Ripple wallet. The reference to Donald Trump’s presidential inauguration on January 20 in the transaction note also increased market interest. The XRP futures market also showed a positive outlook on the first day of 2025. Open interest (OI) has increased by 25% in the last two days to $2.37 billion, after falling 54% in December.

This indicates that mostly long positions have been opened. Additionally, there was over $15 million in short position liquidity in the last 24 hours. The decrease in XRP reserves in the exchanges as of the end of December indicates that investors consider the $ 2 correction as a buying opportunity.