2025-01-25 Market Watch: Trump's crypto actions influence market sentiments

Here is what happened yesterday in the crypto market:

Retail Demand Bolsters Cryptocurrency Despite Market Weakness

Bitcoin and leading altcoins are showing weakness, influenced by the Chicago Mercantile Exchange denying previous reports about institutional activity. However, retail demand remains strong, providing some support.
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SEC Takes Steps to Cope with Crypto Regulations

The SEC is urged to take immediate steps as it adapts to the evolving crypto landscape, amid growing concerns over unregulated digital assets.
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Rescinding Controversial Crypto Tax Bulletin

The SEC has withdrawn a contentious tax accounting bulletin, SAB 121, which outlined rules for financial firms holding cryptocurrencies, showcasing a shift in regulatory approach.
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TRUMP Token Surge Amid Executive Order

Bitcoin’s price jumped to $106K following news of President Trump’s conversation with El Salvador’s crypto-friendly president, signaling potential strategic partnerships.
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Venture Capital Funding Projected to Rise

JPMorgan forecasts a rise in crypto venture capital funding this year, spurred by regulatory clarity and pro-crypto policies supporting the sector.
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