January 2025 was filled with significant events in the world of cryptocurrencies. This month brought numerous important changes and updates that impacted the market. In this article, we will take a detailed look at the key events to understand the factors that contributed to these changes and how they affected the current situation in the crypto industry. Let’s delve into the details.
This month brought numerous significant changes and updates that impacted the market. Let’s take a closer look at each one of them.
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Growth of Bitcoin and Other Cryptocurrencies
At the end of January, Bitcoin (BTC) demonstrated significant growth, reaching $105,067, which is $2,832.63 (2.77%) higher than the previous level. Since the beginning of the month, BTC increased by $11,536.6. Ethereum (ETH) also showed positive dynamics, rising by $57.05 (1.82%) to $3,187.2. However, over the month, ETH decreased by $156.49. BNB grew by $0.98 (0.14%) to $676.64, but decreased by $26.456 over the month.
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Impact of the Federal Reserve System’s Decisions
On January 29, 2025, the cryptocurrency market was in suspense awaiting the Federal Reserve System’s decision on the interest rate. The total cryptocurrency market capitalization decreased by 2.2% over the past 24 hours, amounting to $3.62 trillion. The daily trading volume on exchanges reached $130 billion.
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Investments by Major Financial Institutions
On January 14, 2025, the largest Italian banking holding Intesa Sanpaolo made its first Bitcoin purchase, acquiring 11 BTC for approximately €1 million. CEO Carlo Messina noted that this investment is experimental and aimed at preparing for future client needs.
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Russian Cryptocurrency Exchanges Increased Trading Volume Despite Sanctions
In January 2025, the trading volume of cryptocurrencies on Russian exchanges increased by 25% compared to December 2024. This is due to the growing interest in cryptocurrencies among Russian investors and the increasing number of users on crypto platforms. Meanwhile, 95% of the Russian banking system is under financial sanctions, complicating international transactions.
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Regulatory Changes in the USA
US President Donald Trump signed an executive order on regulating the cryptocurrency market and considering the inclusion of cryptocurrencies in the national reserve. The order, titled “Strengthening US Leadership in Digital Finance,” aims to create a clear and friendly regulatory framework for cryptocurrencies in the country.
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Launch of New Projects and Token Listings
Several significant events occurred in the first half of January:
- On January 3, Binance listed the BIO token, and Bybit introduced SXTER on its Launchpad platform, providing new opportunities for investors.
- On January 6, Binance delisted the $DAR token, and the SMILE project conducted the second phase of its airdrop.
- On January 7, the US published JOLTS job openings data, which could influence the Federal Reserve System’s decisions and, consequently, the crypto market.
- On January 8, Bybit ceased servicing users from France, and Xterio (SXTER) held a token generation event (TGE).
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Launch of $TRUMP and $MELANIA Memecoins
On January 17, 2025, US President Donald Trump announced the launch of the $TRUMP memecoin, calling it the “official Trump meme.” Three days later, his wife, Melania Trump, introduced her memecoin $MELANIA. Both tokens operate on the Solana blockchain, known for its speed and low fees. The total issuance of each token is 1 billion coins, but only 200 million $TRUMP and 250 million $MELANIA are available for circulation, with the remaining coins locked until a certain point.
At launch, $TRUMP was priced at $6.24, then its price increased by 752%, reaching a peak of $75.4. Currently, the coin is trading at $49.7. Melania’s memecoin started at $6.62 and reached a maximum of $13.73; its current price is $8.8. The launch of these memecoins caused a stir among users, and the crypto platform Moonshot, through which these tokens can be purchased, attracted nearly 500,000 new traders in one day.
However, after Donald Trump’s inauguration, the Trump family’s memecoins showed a sharp decline in value. Melania Trump’s memecoin ($MELANIA) lost more than 60% of its value after reaching its peak on inauguration day, while $TRUMP fell by 43% to $45 from its peak of $73.43.
The launch of these memecoins impacted the entire crypto market. The Solana coin set a new record, rising to $294.3. Against this backdrop, the tokens of decentralized exchanges on the Solana platform increased in value: Raydium grew by 19%, and Jupiter by 20%. However, other popular altcoins, such as Dogecoin, Shiba Inu, and Pepe Coin, began to lose ground.
Thus, January 2025 was marked not only by significant fluctuations in the cryptocurrency market and important regulatory changes but also by the launch of memecoins associated with the names of Donald and Melania Trump, which caused a wide resonance and discussions in the crypto community.
What’s New at RevenueBot?
Several interesting materials have been published on our blog:
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- A Pivotal Day for Cryptocurrency and the Economic Market: January 20, 2025 | RevenueBot
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