Crypto Market Last Week
Last week, Bitcoin made a strong recovery from the $89,200 mark, surging past the $106,000 threshold. However, this rally was short-lived as the market’s attention quickly shifted to the memecoin “TRUMP,” a cryptocurrency launched by the U.S. President-elect Donald Trump. Following this shift, Bitcoin plummeted, falling back below the $100,000 mark, marking a highly volatile week.
Not only Bitcoin but the entire altcoin market also faced a downturn, with many coins experiencing significant losses, some dropping by half or even two-thirds of their value. This cleared the stage for the meteoric rise of the TRUMP memecoin and the Solana ecosystem.
The TRUMP memecoin had an extraordinary debut, surpassing the market capitalization of DOGE in less than 48 hours, becoming the largest memecoin on the market.
Shortly after, First Lady Melania Trump fueled another wave of excitement by launching her own memecoin, MELANIA, which once again drove the market into the red.
Top 10 Biggest Gainers Last Week
Top 10 Biggest Losers Last Week
Key Highlights
- FTX to Repay $1.2 Billion to Creditors After Trump’s Inauguration
- Tether Announces Relocation to El Salvador
- Thailand Nears Approval for Bitcoin ETFs
- Donald Trump Considers Establishing a Reserve Fund for “Made in USA” Coins
- Upbit Korea Faces Closure Risk Due to Violations of Anti-Money Laundering and KYC Regulations
- Donald Trump to Elevate Crypto as a National Priority
- Donald Trump Wife Launches Memecoin MELANIA
Crypto Market This Week
Token Unlock Schedule
The market is expected to face significant pressure this week from a series of token unlock events, with a total value of $108 million. Key tokens to watch include:
- $IMX (1.43%) – $33.59 million
- $ALT (10.39%) – $24.38 million
- $APEX (18.71%) – $18.80 million
- $ENA (0.42%) – $12.11 million
- $ID (4.29%) – $8.14 million
- $EIGEN (0.55%) – $4.33 million
Macroeconomic News
Beyond the token unlock schedule, a major economic event this week may impact the crypto market:
- Thursday, January 23, 2025: At 13:30 UTC, the U.S. Initial Jobless Claims data will be released. If the actual figure exceeds expectations, it could be seen as negative for the USD, and vice versa.
Stay tuned to Crypto News for the latest updates, in-depth market analyses, and daily insights into potential airdrop opportunities.
