At the beginning of the new year, the cryptocurrency market has ushered in new opportunities and challenges. In this market full of uncertainties, January deserves special attention. This article will interpret in detail the positive signals of the cryptocurrency market in that month, covering global policy orientation, specific market changes, and currencies that are expected to soar.
- Positive global policy orientation
- United States: On January 20, 2025, local time, Trump will hold his second inauguration ceremony and take office as the President of the United States. He has always been friendly to cryptocurrencies. During the campaign, he promised to make the United States the "world's cryptocurrency capital" and use Bitcoin as a national reserve asset. He also plans to promote the legalization and standardization of cryptocurrencies and establish a special cryptocurrency regulatory agency.
- Europe: Some European countries are gradually relaxing their regulation of cryptocurrencies. Swiss financial regulator FINMA has approved multiple cryptocurrency projects, making it one of the most cryptocurrency-friendly countries in the world. Former German Finance Minister Lindner said that the European Central Bank and the German Central Bank should consider including cryptocurrencies such as Bitcoin in their reserve assets. The UK is also actively promoting the legalization and standardization of cryptocurrencies.
- Asia: The Financial Services Agency of Japan has approved the operation of multiple cryptocurrency exchanges, and the South Korean government has actively promoted the legalization and standardization of cryptocurrency. As the financial center of Asia, Hong Kong is also vigorously promoting the development of the cryptocurrency market. For example, ZA Bank, the first digital bank in Hong Kong, provides cryptocurrency trading services to retail users, and the Hong Kong Securities and Futures Commission has accelerated the application and approval of virtual asset trading platform licenses.
- Specific market changes
- Hong Kong: Hong Kong's cryptocurrency market is showing positive changes. Despite the decline in the art market, the cryptocurrency market has risen against the trend, attracting more and more investors, and the Hong Kong Monetary Authority is actively promoting the regulation and development of cryptocurrencies.
- Tokyo and Seoul: Although the Tokyo and Seoul stock markets experienced circuit breakers, the cryptocurrency market was not greatly affected. Instead, it showed strong growth momentum and was regarded by investors as a safe haven and value-added tool.
- Which currencies are about to surge
- Mainstream currencies: Bitcoin, Ethereum and other mainstream currencies are expected to surge in January. As the leader, Bitcoin's price fluctuates greatly but the trend is upward. With the implementation of the Trump administration's encryption policy and the global economic recovery, it is expected to break new highs. Ethereum's upcoming Shanghai network upgrade will improve its performance and security, and its pledge ETF application is also expected to be approved, which will bring more capital inflows and buying support.
- Altcoins: Some innovative and practical altcoin projects also have opportunities. For example, the EOS network is favored for its excellent performance, security and developer experience. The emerging blockchain project SOL has performed well and has abundant meme projects on the chain; SHIB has a large community and strong marketing capabilities; DOGE's influence has been further expanded due to the attention of more companies and celebrities.
- Will Bitcoin break new highs this month?
The market has different views on whether Bitcoin can break new highs this month. On the one hand, Bitcoin has been volatile recently, market sentiment is unstable, and it is difficult to break through. On the other hand, the implementation of the Trump administration's encryption policy and the global economic recovery have brought new opportunities. From a technical analysis, Bitcoin has formed a volatile market between $92,000 and $98,000. If it can break through this range and stand above $98,000, the possibility of breaking new highs this month will increase significantly.
- Which altcoins have the potential to skyrocket this month?
In addition to the previously mentioned EOS, SOL, SHIB, DOGE, etc., ETH's Prague upgrade is expected to be launched at the end of January to the end of February, which will bring good performance to Ethereum and its ecological currency, and related altcoins may also usher in opportunities for skyrocketing.
In short, opportunities and challenges coexist in the cryptocurrency circle in January. Global policy orientation, market changes and the rise of emerging projects bring new opportunities. Investors should pay attention to the market and policies, reasonably allocate assets, control risks, stay calm, analyze rationally, and seize opportunities. At the same time, please note that the content of this article is only for popular science learning and communication among Web3 enthusiasts, and does not constitute investment opinions or suggestions. It should be viewed rationally, establish correct concepts, and improve risk awareness.
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