FameEX Morning Crypto News Recap | January 6, 2025

Cryptocurrency Market Remains Complex and Volatile as Bitcoin Consolidates

Analysts predict a positive start to the year, followed by a slight pullback ahead of the January 15 CPI data release. Strong inflation data could boost optimism and fuel market growth leading up to Trump’s inauguration on January 20.

Bitcoin Exchange Inflows and Miner Outflows Decline Significantly Since November 2024

Since November 2024, Bitcoin inflows to exchanges and miner outflows have dropped significantly, signaling reduced selling pressure. CryptoQuant data shows BTC inflows peaked at 98,748 BTC on November 25. By December, daily inflows ranged between 11,000 and 79,000 BTC, reflecting a slowdown in exchange activity and improved market stability.

Experts Claim Trump's Goal for All Bitcoin Mining to Occur in the U.S. Is Unrealistic

Last year, Trump proposed that all remaining Bitcoins be mined in the U.S., but experts argue this is impractical. U.S. miners currently contribute 40% of global mining power, yet insufficient infrastructure and high energy costs make centralized mining impossible. Bitcoin mining remains decentralized and globally distributed across multiple regions.

SkyBridge Capital Founder Predicts US Government Will Expand Bitcoin Holdings to 500,000 BTC

Anthony Scaramucci, founder of SkyBridge Capital, predicts the U.S. government will retain its 200,000 BTC holdings and potentially acquire 500,000 more. If Trump, Congress, and the Treasury approve, the Federal Reserve could be the final hurdle to establishing Bitcoin as a strategic reserve asset.

MicroStrategy (MSTR) Secures Second Place in 2024 Russell 1000 Index with 358.5% Annual Return

Charlie Bilello, Chief Market Strategist at Creative Planning, reported that MicroStrategy (MSTR) secured the second spot among the top-performing stocks in the 2024 Russell 1000 Index, delivering an impressive annual return of 358.5%.

NFT Sales Drop 17.54% This Week, While Market Participation Rises

CryptoSlam data revealed NFT sales dropped 17.54% to $132.7 million this week. However, buyers increased by 25.54% to 667,116, and sellers rose by 23.96% to 382,754. Transactions fell 16.96% to 1,326,111, reflecting sustained trader interest despite lower price levels and declining overall sales.

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