FameEX Morning Crypto News Recap | January 7, 2025

CryptoQuant CEO Forecasts Bitcoin Bull Run Could Be the Longest in History

CryptoQuant CEO Ki Young Ju predicts this Bitcoin bull cycle could be the longest ever, driven by steady capital inflows. He emphasizes the market's continued growth and highlights significant untapped potential for further development in the future.

Global Digital Asset Investment Inflows Reach Record $44.2 Billion in 2024

A CoinShares report reveals global digital asset investment product inflows reached a record $44.2 billion in 2024, nearly quadrupling 2021 levels. Bitcoin led with $38 billion (29% of AuM), Ethereum drew $4.8 billion (26%), and altcoins attracted $813 million (18%).

NVIDIA Overtakes Apple as the World's Most Valuable Company by Market Cap

According to CompaniesMarketCap, NVIDIA has overtaken Apple as the world's largest company by market value. NVIDIA's market capitalization stands at $3.72 trillion, slightly surpassing Apple's valuation of approximately $3.719 trillion.

Analysts Report BTC On-Chain Transaction Demand Approaching Historic Lows

On January 6, cryptocurrency analyst Miles Deutscher noted that despite BTC nearing $100,000, on-chain transaction demand is sharply declining. He explained this cycle is primarily driven by institutions, ETFs, and countries, making it incomparable to previous market cycles led by retail investors and smaller participants.

JPMorgan: Gold and Bitcoin Emerge as Key Hedging Tools for Investors

JPMorgan’s January 3 report highlights growing investor demand for gold and Bitcoin amid geopolitical uncertainty. In 2024, BTC futures' net open interest surged from $18 billion in January to over $55 billion by December. Bitcoin ETFs saw renewed inflows in September, surpassing $100 billion in net assets by November.

Pro-Bitcoin Advocate Pierre Poilievre Elected Leader of Canada’s Conservative Party

Canada’s Conservative Party has elected pro-Bitcoin Ontario MP Pierre Poilievre as its new leader. Poilievre plans to challenge Prime Minister Justin Trudeau in the 2025 federal election. A strong advocate for Bitcoin, Poilievre aims to position Canada as a global leader in blockchain technology and cryptocurrency innovation.

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