Cryptocurrency analysts and traders are debating whether the 'bull market' for altcoins has ended. Typically, during this period, altcoins outperform Bitcoin.
Historically, the characteristic of the altcoin bull market is that the prices of cryptocurrencies other than Bitcoin surge. For example, during the altcoin bull markets of 2017 and 2018, altcoins experienced explosive growth, with Ethereum (ETH), Ripple (XRP), and Litecoin (LTC) all posting record gains.
Cryptocurrency analyst Ali Martinez believes that the sheer number of altcoins makes it unlikely for a sustained altcoin bull market to occur. He referenced data from Dune Analytics and posted on the social platform X:

Bitcoin hovered around the $105,000 range on Sunday, but this morning (27th) after 2 AM, a wave of selling pressure emerged, plunging to a low of $100,853, with a drop of over 4.1% during that time. As of the time of writing, it is reported at $101,128, with a drop of over 3.3% in the past 24 hours.

Ethereum also plunged sharply from $3,342 to $3,188 this morning, with a drop of up to 4.6%, currently reported at $3,208, having dropped over 3.7% in the past 24 hours.

In the past 24 hours, $450 million worth of positions were liquidated.
After a sharp decline in Bitcoin on Monday morning, according to Coinglass data, over the past 24 hours, the total liquidation amount in the cryptocurrency market reached $521 million, with long positions liquidating $474 million making up the bulk, and short positions liquidating over $47 million, affecting more than 188,000 people.

After gaining immense popularity and reaching new highs multiple times, the Melania meme coin is struggling to maintain investor interest. Today is a notable moment, as the token has dropped to its historic low following a massive sell-off by cryptocurrency giants. This raises concerns not only about the credibility of the Melania token but also about its price performance. Let's discuss what happened.
Cryptocurrency whales made a profit of $42.7 million by selling Melania meme coins.
According to a post by Lookonchain X, a cryptocurrency whale sold a large amount of Melania meme coins it held, causing the token price to plummet. A few days ago, this whale initially spent 2,500 SOL (equivalent to $688,000) to purchase 4.1 million MELANIA. However, benefiting from ongoing speculation, this whale strategically sold a significant portion from time to time. The whale bought these tokens at an average price of $0.13 but sold them at $8.34, making a profit of $43.7 million.

After a sharp rise on the day of U.S. President Donald Trump's inauguration, Bitcoin tried to stabilize on Thursday (January 23) and is currently trading around $102,000. The U.S. Securities and Exchange Commission launched a cryptocurrency task force, a decision that is bound to affect the industry. In addition, Musk sought a pardon from U.S. President Trump for "Bitcoin Jesus."
According to data from global market tracking website CoinMarketCap, as of press time on the 23rd, Bitcoin was trading at $102,229, down 1.35% from the previous day, but up 4% in the past week.
Bitcoin hit an all-time high of $109,000 before Trump’s inauguration, but fell to $101,000 after the inauguration. Although it recovered to $106,000 within a day, it is now trending downward again.

The global situation has continued to be turbulent in recent years, with factors like the Russia-Ukraine war, conflicts in the Middle East, and potential economic recession further driving up safe-haven assets like gold. For example, just before the U.S. elections, due to market uncertainty about the presidential candidates, gold hit a historical high of $2790 on October 30 last year.
However, after Trump was confirmed elected, gold also experienced a correction in November last year, dropping to a low of $2563, a decrease of 9.2%. But as Trump repeatedly claimed he would initiate a tariff war, coupled with the Federal Reserve lowering interest rate expectations, the price of gold rebounded, reaching a high of $2758.67 today, less than 2% away from a new high.

Bitcoin fluctuated around $105,000 on Wednesday (January 22), trying to hold on to the gains of the previous two days, not far from its all-time high, as U.S. securities regulators plan to reform cryptocurrency rules.
Bitcoin has surged in recent days, staying above $106,000. The recovery came after a brief dip that worried many traders.
Bitcoin, the world's largest cryptocurrency, on Tuesday approached an all-time high set in the previous session in volatile trading. Bitcoin hit a record high of $109,071 on Monday when Trump was sworn in as president, promising to be the "crypto president," but made no mention of cryptocurrencies during his first day of activities, causing the price of bitcoin to retreat.

On Tuesday (January 21), after the new president's first set of policies following the inauguration did not mention this digital asset class, Bitcoin (BTC-USD) and new tokens bearing Donald Trump's name fell along with other cryptocurrencies.
On Monday, when Trump was sworn in as the 47th president of the United States, the world's largest cryptocurrency Bitcoin hit a historical high of $109,071 but then began to decline. It is still up about 9.5% so far this month.
According to cryptocurrency price tracker CoinMarketCap, Trump's own cryptocurrency launched on Friday night, trading at $37.98, down from a peak of around $75 since Monday, with its market cap halved to over $14 billion. The coin was priced at about $6.50 at launch.

Despite the drop in Bitcoin, both long-term and short-term holders remain optimistic.
The broader market perspective suggests that prices are likely to rise due to a significant reduction in the available supply of BTC.
According to CoinMarketCap, Bitcoin [BTC] has dropped 2.42% to $101,308.55 after reaching an all-time high of $109,114.8 on January 20 (just hours before Donald Trump's inauguration).
AMBCrypto's analysis suggests that given the current market sentiment, the decline in BTC may be a pullback, as the asset is preparing for another rebound.

On Tuesday, a Dogecoin whale sold nearly $140 million worth of tokens, causing serious concerns in the market, which is seen as a bearish signal. Recent on-chain data shows that 400 million Dogecoins were sold to cryptocurrency exchanges, causing investors to worry amid the recent price drop of Dogecoin. Therefore, market observers are cautious about the future price trend of Dogecoin, as even intraday price charts show it plummeted nearly 10%.
On the other hand, other top meme coins like Shiba Inu (SHIB), PEPE, and TRUMP are also trading in the red zone, raising sentiments about the end of the meme coin season.

BlackRock's Bitcoin ETF (IBIT) recorded an inflow of $528 million on Thursday, accumulating a total of 5,250 Bitcoins in the open market. As the BTC price breaks through the $100,000 mark with strong bullish momentum, this once again indicates growing institutional interest in BTC. Macroeconomic factors are the main support for the bullish momentum.
BlackRock's Bitcoin ETF fund inflows have resumed
BlackRock's iShares Bitcoin Trust (IBIT) purchased 5,250 Bitcoins yesterday, nearly 12 times the daily value of 450 BTC. This indicates that as BTC breaks through the important resistance level of $100,000, institutional interest in Bitcoin is growing again.

Earlier on Friday (January 17), Bitcoin briefly surpassed $102,000, and the global cryptocurrency market capitalization rose to $3.57 trillion, as investors anticipate easing inflation and favorable cryptocurrency policies that may be introduced by U.S. presidential candidate Donald Trump.
According to CoinMarketCap, around 10 a.m. Hong Kong time on Friday, Bitcoin's price rose more than 2%, briefly touching $102,071, before retreating to around $101,000. $102,000 is the highest point Bitcoin has reached since January 7, after which its price once dropped to nearly $90,000.

Altcoins will make 2025 a turning point, as high-end and mid-range stocks gain favor among investors.
However, Bitcoin still holds the largest share and plays a key role in driving price increases.
In the past 24 hours, the entire cryptocurrency market has shown bullish momentum, primarily driven by a weaker-than-expected CPI report. Notably, among the top 10 cryptocurrencies by growth, 60% are altcoins, with the XDC Network achieving the highest increase of 17%. Now, discussions about the upcoming altcoin season are heating up, and this time, it's not just numbers driving the hype—historical patterns point in the same direction.

Ethereum price surges to $3,380, up 4.6% in just 24 hours
Recent whale deposits and rising OI on Kraken suggest potential short-term price pressure
Ethereum (ETH), the second-largest cryptocurrency by market cap, continues to exhibit dynamic market trends at the beginning of 2025. A giant whale recently deposited 20,000 ETH (worth $67.6 million) into Kraken, reigniting the discussion about large-scale investor activity and its impact on Ethereum price action.
The whale withdrew 217,513 ETH from the exchange in September 2022 and has been actively interacting with Kraken since March 2024.

Kaspa, a Layer 1 blockchain that uses the PoW (Proof of Work) consensus like Bitcoin, announced on the social platform X yesterday evening (16) that it has officially appointed DWF Labs as one of the market makers for its token $KAS:
DWF Labs has been officially appointed by Kaspa as one of the market makers for $KAS starting from 2025. We look forward to working closely with DWF Labs.

Rumor has it that Binance will list Kaspa spot?
Kaspa, which performed amazingly in the bear market, performed mediocrely in this bull market, which discouraged many investors. However, at the end of last month, a mining KOL (Red Panda Mining) with 236,000 followers on Youtube posted that there were rumors that Binance had been accumulating KAS tokens, waiting for the opportunity to create a market:

More than 194 billion SHIB tokens have been withdrawn from spot exchanges in two days.
These outflows appear to have been caused by whales after large holder net flows turned negative.
Shiba Inu [SHIB] is facing bearish pressure after falling 1.17% over 24 hours. At press time, the memecoin is trading at $0.0000212 with a 25% drop in trading volume.
Despite the poor performance, several indicators support the possibility of a trend reversal and rebound in the short term.
Selling pressure eases
Data from CryptoQuant shows that 194 billion SHIB tokens were withdrawn from spot exchanges between January 13 and 14.

Regarding the U.S. District Court's ruling in 2023 that 'Ripple's sale of XRP to retail investors does not violate securities laws,' the SEC has formally submitted its appeal brief on Wednesday after appealing last October.
In a filing submitted on Wednesday evening, the U.S. SEC stated that it disagrees with the prior ruling of the U.S. District Court for the Southern District of New York, and therefore requests the U.S. Court of Appeals for the Second Circuit to 'overturn' the district court's ruling. The SEC stated:
The district court reasoned that institutional investors expected to profit from the efforts of others because Ripple exhibited its efforts to increase the price of XRP.

When the "Bitfinex hack" was uncovered in 2022, U.S. authorities seized over 94,000 bitcoins from the hacker's wallet. Regarding the subsequent handling of these assets, the answer seems to be clear: the prosecution recently filed a formal request with the federal court to directly return these bitcoins to Bitfinex.
In court documents filed on Tuesday, prosecutors stated that once approved by the court, the 94,643 bitcoins (worth approximately $9.43 billion) that the U.S. government originally seized from hacker Ilya Lichtenstein's wallet will be directly returned to Bitfinex as "physical restitution (not converted to cash)", along with the bitcoins generated from the bitcoin hard forks: Bitcoin Cash (BCH), Bitcoin SV (BSV), and Bitcoin Gold (BTG).

Recently, 'DeFAI' has become the latest hotspot in the crypto market, combining the concepts of decentralized finance (DeFi) and artificial intelligence (AI), aiming to make DeFi more aligned with the needs of ordinary users through AI agents.
The original intention of DeFi was to make financial tools accessible in everyday life, but its complexity has deterred many, making it difficult to realize its true value. The integration of AI aims to solve this pain point. Imagine using DeFi as simply as sending a text: just input 'Stake my ETH', and AI will handle everything. This concept has sparked a wave of entrepreneurship in the crypto industry.

The famous frog-themed meme coin Pepe Coin has finally embarked on the path to recovery after the market crash on January 13. The token has significantly dropped from the ATH set a month ago, but the current recovery may improve the situation for PEPE, unless whale deposits lead to a price plunge again. A large cryptocurrency whale deposited 588 billion PEPE, creating the possibility of a crash under certain circumstances. Let's discuss the price situation of Pepe Coin and the consequences of this massive sell-off.
Pepe Coin whale sells 588 billion, making a handsome profit
According to Data Nerd guy, the crypto whale with wallet address 0xBE2 has deposited an astonishing 588 billion PEPE tokens, equivalent to $10.99 million on Kraken. Currently, the Pepe Coin whale has just deposited the tokens held into a popular cryptocurrency exchange, raising questions about the potential sell-off and its impact on the price.

While the cryptocurrency community eagerly awaits the 'Solana ETF', according to Bloomberg senior ETF analyst Eric Balchunas, a spot ETF for Litecoin (LTC) is more likely to become the next cryptocurrency ETF approved in the United States.
Eric Balchunas's prediction comes from the amended S-1 form submitted by Canary Capital for the Litecoin ETF on Wednesday, which is the registration statement for the new security. He stated that there have been recent rumors that the SEC has responded to the S-1 form for the Litecoin ETF, indicating that the authorities are actively engaging with the issuer.