FameEX Morning Crypto News Recap | January 6, 2025

Crypto Market Stays Volatile and Uncertain as Bitcoin Enters Consolidation Phase

Analysts anticipate a strong start to the year, followed by a slight pullback ahead of the January 15 CPI data release. Positive inflation data could reignite optimism and drive market growth leading up to Trump’s inauguration on January 20.

Sharp Decline in Bitcoin Exchange Inflows and Miner Outflows Since November 2024

Since November 2024, Bitcoin inflows to exchanges and miner outflows have significantly declined, indicating reduced selling pressure. CryptoQuant data reveals BTC inflows peaked at 98,748 BTC on November 25. By December, daily inflows ranged between 11,000 and 79,000 BTC, suggesting decreased exchange activity and greater market stability.

Experts Say Trump's Plan for All Bitcoin Mining in the U.S. Is Impractical

Last year, Trump suggested that all remaining Bitcoins be mined in the U.S., but experts say this is unrealistic. While U.S. miners account for 40% of global mining power, limited infrastructure and high energy costs prevent centralized mining. Bitcoin mining remains decentralized and globally distributed across various regions.

SkyBridge Capital Founder Anticipates US Government Growing Bitcoin Reserves to 500,000 BTC

Anthony Scaramucci, founder of SkyBridge Capital, expects the U.S. government to keep its 200,000 BTC holdings and potentially add 500,000 more. With approval from Trump, Congress, and the Treasury, the Federal Reserve may be the final obstacle to adopting Bitcoin as a strategic reserve asset.

MicroStrategy (MSTR) Ranks Second in 2024 Russell 1000 Index with 358.5% Annual Gain

Charlie Bilello, Chief Market Strategist at Creative Planning, announced that MicroStrategy (MSTR) ranked second among the top-performing stocks in the 2024 Russell 1000 Index, achieving an outstanding annual return of 358.5%.

NFT Sales Decline 17.54% This Week, but Market Activity Sees Growth

CryptoSlam data showed NFT sales fell 17.54% to $132.7 million this week. Meanwhile, buyers increased by 25.54% to 667,116, and sellers rose 23.96% to 382,754. Despite a 16.96% drop in transactions to 1,326,111, trader interest remained strong at lower price levels, indicating ongoing market activity.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​