Daily Market Overview (January 10, 2025, 10:00 AM)
ChainDD's market data on January 10 shows that the comprehensive index and CoinMarketCap quotes:
BTC is priced at $92,826.33, down approximately 2.87% in 24 hours;
ETH is priced at $3,237.57, down approximately 3.75%;
BNB is priced at $684.92, down approximately 2.24%;
DOT is priced at $6.56, down approximately 3.61%;
DOGE is priced at $0.3233, down approximately 6.56%.
Crypto Market Updates
Well-known trader Ansem: The market is expected to consolidate for a long time, but there are still opportunities on-chain.
Well-known trader Ansem posted on platform X stating that the current fundamental view is that the period from August to December is a season for altcoins, and from October to December is the first small bubble for AI. From now on, the market is expected to consolidate for a longer period until people believe the bubble has ended, but during this time, there will still be some on-chain projects performing well, and new projects that are worth buying.
Holoworld AI: The X account has been compromised; users should beware of phishing risks.
The official X account of Holoworld AI has been compromised; please do not click any links, and users should beware of phishing risks.
Shaw: Grants are being established; projects using Eliza on Polygon can contact for connections.
Shaw, founder of ai16z, posted on platform X stating that he finds the idea of DePIN agents to be quite interesting. Although still in its early stages, it's possible to imagine how it will evolve. Additionally, Shaw revealed that projects being built using Eliza on Polygon can reach out for connections. Some grants are currently being established, but first, he hopes to understand who is already engaged in development.
Crypto Market Updates
The value of cryptocurrency held by Trump has exceeded $10 million.
Cointelegraph reported on platform X that the value of cryptocurrency held by Donald Trump has exceeded $10 million.
VanEck executive: Block is expected to be the first company in the S&P 500 to hold Bitcoin.
Matthew Sigel, Head of Digital Asset Research at VanEck, posted on platform X that financial technology company Block is expected to be the first company in the S&P 500 to hold Bitcoin. A stock must meet six primary criteria to be included in the index, including:
1. Market capitalization exceeding $18 billion;
2. Public float exceeding 10%;
3. Earnings for the most recent quarter must be positive, and the total earnings under Generally Accepted Accounting Principles (GAAP) for the previous four quarters must also be positive;
4. High liquidity;
5. Listed for at least 12 months;
6. Company headquarters located in the United States.
Glassnode: If Bitcoin falls below $88,000, it may lead to further declines.
Glassnode posted on platform X stating: 'The short-term holder cost basis ($88,000) remains a key level for assessing Bitcoin price momentum. Using the URPD indicator, it can be found that the trading volume below the short-term holder cost basis is low, indicating that a breach of this level could lead to further downward trends.'
