Here is what happened yesterday in the crypto market:
Bitcoin Experiences Volatility Amid Market Optimism
Bitcoin prices fluctuated as risk assets received a positive boost on January 24, 2025, showcasing the ongoing volatility in the crypto market as new political landscapes emerge.
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Trump’s Presidency Promises Change for Crypto
In his first week, President Donald Trump’s administration is taking a different approach to cryptocurrency regulations, moving away from previous policies under Joe Biden. This shift may have significant implications for the crypto market.
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Major Developments Unveiled in Crypto This Week
This week was marked by notable events including an executive order focusing on digital assets, reactions to Ethereum’s future, and the release of significant memecoins, leading to increased trading activities.
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GOP Investigates Crypto Banking Restrictions
There is an ongoing investigation by Congressional Republicans into allegations that prior financial regulators hindered crypto insiders’ access to banking, marking a potential shift in regulatory scrutiny.
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Venture Capital Funding for Crypto Projects Projected to Rise
According to JPMorgan, crypto venture capital funding is expected to experience growth this year as regulatory clarity improves with the new presidential administration, although it may not reach previous highs.
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Ledger Co-Founder’s Kidnapping Raises Alarm on Crypto Security
The recent kidnapping of Ledger’s co-founder underscores the increasing risks associated with cryptocurrency ownership and the associated security challenges.
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