Daily market report (January 6, 2025, 21:30).
ChainDD's market report on January 6 shows that the comprehensive index and CoinMarketCap quotes:
BTC is priced at $98,910.49, up approximately 1.08% in 24 hours.
ETH is priced at $3,632.18, up approximately 0.26% in 24 hours.
BNB is priced at $717.52, up approximately 1.55% in 24 hours.
DOGE is priced at $0.3833, up approximately 0.74% in 24 hours.
DOT is priced at $7.63, up approximately 0.16% in 24 hours.
Dynamic.
Goldman Sachs predicts that gold prices will not reach $3,000 this year, due to a decrease in rate cut bets.
Goldman Sachs stated that it does not expect gold prices to reach $3,000 per ounce by the end of this year and has pushed this prediction to mid-2026 due to market expectations that the Federal Reserve will reduce the pace of rate cuts.
Goldman Sachs analysts Lina Thomas and Dan Struven expect gold prices to reach $2,910 per ounce by the end of the year. Driven by the alleviation of uncertainty following the U.S. elections, ETF liquidity was weaker than expected last December, leading to a lower starting price point for the new year.
Analysts stated: 'Decreased speculative demand and increased central bank gold purchases effectively offset each other, keeping gold prices within a range of fluctuations over the past few months. Central bank purchases of gold will remain a key driver of gold prices in the long term. Looking forward, we expect the average monthly purchase volume to reach 38 tons by mid-2026.'
With an 82% win rate, whales have increased their short positions to 23,616 ETH, currently facing a floating loss of $4.568 million.
According to on-chain analyst @ai_9684xtpa monitoring, whales with an 82% win rate have again increased their short positions by 2,000 ETH.
In the past half hour, he borrowed another 3,000 ETH from Aave and sold 2,006 of them at an average price of $3,660.9 (about $7.34 million); currently, his short position has increased to 23,616 ETH, valued at $86.67 million, with an average short price of $3,475.59, facing a floating loss of $456.8 million.
The health score of the main address is 1.14, with a liquidation price of $4,197.88.
Jeju Island in South Korea plans to issue NFT digital cards to attract millennial and Gen Z tourists.
Jeju Island plans to attract millennial and Gen Z tourists by issuing NFT-driven 'tourist cards' and hopes to start issuing tokens 'in the second half of this year.'
Jeju Island will name this card and the NFT 'Tao'. Tourists using this NFT can receive discounts and 'travel subsidies.' It is expected to trial the Tao card in the coming months and plans to launch its NFT to 'domestic tourists' later in 2025.
El Salvador has increased its holdings by 5 BTC since the beginning of the year, with current holdings of approximately 6009 BTC.
On-chain data shows that since the beginning of the year, El Salvador has increased its holdings by 5 BTC, bringing the total to approximately 6009 BTC.
Ripple CEO: The 'Trump Effect' has led to significant growth in Ripple's business in the U.S.
Ripple CEO Brad Garlinghouse stated that due to optimistic expectations of the Trump administration's policies, Ripple's business in the U.S. market has significantly grown. Garlinghouse mentioned that Ripple's U.S. trading volume signed in the last six weeks of 2024 exceeded the total of the previous six months, and 75% of new positions have been concentrated in the U.S. This change is attributed to the Trump administration being perceived as more friendly towards cryptocurrencies and prioritizing innovation and job growth. Ripple has donated $5 million worth of XRP to support Trump’s upcoming presidential inauguration. Since Trump's election, the price of XRP has increased by over 300%, and the growth in trading volume in the South Korean market has also driven the price fluctuations and overall upward trend of XRP.
The Ethereum network's stablecoin growth has exceeded $1.1 billion over the past 7 days.
According to Lookonchain monitoring, over the past 7 days, stablecoins (USDT and USDC) on the Ethereum network have increased by $1.111 billion, while stablecoins (USDT and USDC) on the Solana network have increased by $202.13 million.
Microsoft has paused part of the construction of the OpenAI data center in Wisconsin.
Microsoft (MSFT.O) has paused part of the construction of the artificial intelligence data center in Wisconsin planned for OpenAI. Microsoft stated that it needs to assess 'the scope and recent technological changes' and 'how this will affect the design of our facilities.'
