Daily Market Update (January 10, 2025, 10:00 AM)
ChainDD's market update on January 10 shows that the comprehensive DD index and CoinMarketCap quotes:
BTC is priced at $92,826.33, down about 2.87% in the last 24 hours;
ETH is priced at $3,237.57, down about 3.75% in the last 24 hours;
BNB is priced at $684.92, down about 2.24% in the last 24 hours;
DOT is priced at $6.56, down about 3.61% in the last 24 hours;
DOGE is priced at $0.3233, down about 6.56% in the last 24 hours.
Blockchain Circle Dynamics
Well-known trader Ansem: The market is expected to remain sideways for a long time, but there are still opportunities on-chain.
Well-known trader Ansem posted on X platform stating that the current fundamental view is that from August to December is a season for altcoins, and October to December is the first small bubble for AI. From now on, the market is expected to remain sideways for a longer period until people believe the bubble is over, but during this period, there will still be some on-chain projects performing well and some new projects worth buying.
Holoworld AI: X account has been compromised, users need to guard against phishing risks.
Holoworld AI's official X account has been compromised, please do not click links, users need to guard against phishing risks.
Shaw: Grants are being established, projects building on Eliza on Polygon can reach out for early contact.
ai16z founder Shaw posted on X platform stating that he finds the idea of DePIN agents quite interesting. Although still in its early stages, we can imagine how it will develop. Additionally, Shaw revealed that projects building on Eliza on Polygon can get in touch, and some grants are being established, but he hopes to first understand who is already engaged in development.
Crypto Circle Dynamics
The cryptocurrency held by Trump is valued at over $10 million.
Cointelegraph published data on X platform stating that the cryptocurrency held by Donald Trump is valued at over $10 million.
VanEck executive: Block is expected to become the first company in the S&P 500 to hold Bitcoin.
VanEck Digital Assets Research Director Matthew Sigel posted on X platform that fintech company Block is expected to become the first company in the S&P 500 to hold Bitcoin. To be included in this index, a stock must meet six main criteria, including:
1. Market capitalization exceeds $18 billion;
2. Public float exceeds 10%;
3. Earnings for the most recent quarter must be positive, and the total GAAP earnings for the previous four quarters must also be positive;
4. High liquidity;
5. Listed for at least 12 months;
6. The company's headquarters is located in the United States.
Glassnode: If Bitcoin falls below $88,000, it may lead to further declines.
Glassnode posted on X platform stating: 'The cost basis for short-term holders ($88,000) remains a key level for assessing Bitcoin price momentum. Using the URPD indicator, it can be found that trading volume below the cost basis for short-term holders is low, indicating that a breakdown of this level could lead to further downward trends.'
