Late Night Crypto Highlights: Get the Market Focus in 1 Minute | Jan 12
TL;DR
Crypto markets are in a sideways grind with BTC at $91k and ETH at $3,100, while Solana gains momentum from an X integration. US selling pressure and low volumes persist, but CZ's 'Super Cycle' prediction offers hope. Watch for geopolitical risks and key economic data.
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1️⃣ Market Stalemate: $BTC is holding steady at $91k, and $ETH is hovering around $3,100. While Gold and Silver are hitting consecutive record highs, Crypto remains in a sideways grind. The waiting game continues. 😂
2️⃣ $SOL Outperformance: Solana is showing stronger momentum, fueled by a major integration with X (formerly Twitter).
The Alpha: @nikitabier revealed development on "Smart Asset Tags" that embed real-time prices and contract info directly into tweets.
Impact: If on-chain assets become native to the X feed, the Solana ecosystem could skyrocket. Is Binance's dominance finally facing a real challenger?
3️⃣ Volume Slump: December exchange rankings show a synchronized weakening of CEX and DEX activity. On-chain Perpetual volume has dropped 30%, indicating that "smart money" is largely sidelined and capital isn't active yet. Expect more "grinding" in the short term.
4️⃣ US Sell Pressure: The Coinbase Bitcoin Premium Index has been negative for 5 consecutive days (currently -0.126%). US institutions and retail are still hesitant, and selling pressure remains a headwind.
5️⃣ CZ's Prediction: @cz_binance recently shared: "I might be wrong, but it looks like a 'Super Cycle' is approaching." 6️⃣ Geopolitical Risk: Nationwide unrest in Iran triggered by anti-government protests could impact global risk appetite. Expect heightened short-term volatility in the crypto markets—trade with caution.
7️⃣ The Powell "Persecution": The US DOJ has launched a criminal investigation into Fed Chair Jerome Powell. The focus is on a $2.5 billion headquarters renovation budget and allegations of misleading Congress.
Powell's Response: He dismissed the probe as an "excuse" and a political tactic to pressure the Fed into following the President’s personal interest-rate preferences.
Summary: The market is currently consolidating at low levels. However, the X/Solana partnership and CZ’s "Super Cycle" comments offer a glimmer of hope. Stay steady, watch the US CPI data and the Supreme Court’s tariff ruling—don’t panic! 😂