The probability of the Federal Reserve maintaining interest rates in January is 88.8%. The US dollar has recently maintained a strong performance, with USD back around 7.35 against RMB, while the current OTC price on exchanges is around 7.23! In comparison, global stock markets have not been performing well lately, but BTC has been performing quite strongly! The on-chain AI Agent sector is heating up, with the SOL on-chain token AI16Z having a market cap of 2 billion, and the Base chain's VIRTUAL with a market cap of 4.1 billion. Personally, I think this market cap bubble is quite serious; the inflated market cap is just a result of FOMO! In the end, it's unclear who will take over from whom!
These tokens are unlocking, and everyone can take a look! Large unlocks are often bearish, but with the current bull market, unlocking may not necessarily lead to a crash, but it's still important to manage the risk! On January 20th, Trump is going to take office. Whether it's a bullish outcome leading to a crash or favorable crypto policies driving further increases is still hard to say... However, January is expected to be quite volatile!
Binance has launched the third phase of the Megadrop project, the Bitcoin staking protocol Solv Protocol (SOLV). Everyone should remember to take advantage of this; there are benefits to be had!
Since the beginning of the year, El Salvador has increased its holdings by 5 BTC, bringing its total to 6009 BTC, valued at about $595 million. I hope more and more countries will participate in the purchase and storage of BTC this year! If the Americans can really treat Bitcoin as a strategic reserve, then Bitcoin will truly soar!
Although it is currently a bull market, the profit-making effect is still quite poor; it is far from the time when you could just buy coins with your eyes closed and make money. Furthermore, whether in primary or secondary markets, it will be difficult to make money in 2024! There are too many coins listed on various exchanges now, thousands and tens of thousands of coins, with all sorts of concepts, but 99% are just harvesting retail investors! Even with Bitcoin at 100K, most retail traders are still losing money. The main reason for the losses is buying some low-quality coins at high prices and trading high-leverage contracts. Trading coins is mainly a game between retail investors and whales; who will profit, and who will lose? Rationally speaking, if your capital can double in a year, you’re already beating 90% of retail investors! Even the most stable mainstream coin, ETH, only had a 50% increase last year, and OKB hardly increased at all last year! Money in the crypto world is hard to make, but losing money is easy! So, don't be too speculative in trading coins; avoid FOMO!
On the 21st of last month, the major drop prompted a bottom-fishing opportunity for mainstream coins ETH, FIL, and even altcoins like ORCA, which have all seen decent increases. Recently, ETH shows signs of strengthening, and if the overall market stabilizes, there is an expectation of a rebound for mainstream coins and some good altcoins!
The year 2025 has arrived. According to the market trends in the crypto world, this year should also be a bull market cycle. I hope everyone can make a big profit together this year!