On January 8, 2025, the red color enveloped the entire Crypto market amid BTC (Bitcoin) suddenly plummeting sharply from the 100,000 USD mark.

As of the time of writing, BTC is trading at around 97,000 USD - down nearly 5% in the past 24 hours. The market capitalization of BTC stands at approximately 1.92 trillion USD, while trading volume has increased to nearly 53 billion USD - according to data from CoinGecko.

Top coins have all experienced significant declines over the past 24 hours, prominently including ETH (down 8%), SOL (down 8%), ADA (down 9%), DOGE (down 11%), …

Notable events:

$BTC - According to data from Farside Investors, Spot BTC ETF funds in the US witnessed a net outflow of 457.4 million USD on January 7, 2025 - not including data from the FBTC (Fidelity) and IBIT (BlackRock) funds. There were 3 funds that had net withdrawals exceeding 100 million USD, namely BITB (Bitwise), ARKB (ARK Invest), and GBTC (Grayscale), with the ARKB fund experiencing the largest outflow of 212.6 million USD.

$ETH - Spot ETH ETF funds in the US recorded a net outflow of 19.3 million USD on January 7, 2025, with selling pressure primarily appearing in both ETH ETF funds of Grayscale.

At the world's largest technology exhibition CES 2025, Jensen Huang introduced new products from Nvidia, including new hardware (GeForce RTX 50-Series graphics cards and the Project Digits supercomputer), robot training technology, and especially featuring AI Agents (AI assistants). He expects that AI Agents will become the next-generation robot industry with a scale of trillions of USD.