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Gary Gensler Resigns as SEC Chairman
News on the Blockchain
January 20, 2025
News on the Blockchain, January 20th, 2025
Confidence in Knowledge. Not Financial Advice.
🌍 Daily Crypto Market Overview
Global Stats:
Cryptocurrencies: 9.66M+
Exchanges: 776
Market Cap: $3.51T (-3.58%)
24h Volume: $348.8B (+79.91%)
Bitcoin Dominance: 57.2%
Ethereum Dominance: 11.2%
ETH Gas Price: 21.97 Gwei
Fear & Greed Index: 58 (Neutral)
🪙 Top 5 Cryptocurrencies by Market Cap
Name | Price | 24h Change | Market Cap | 24h Volume |
|---|---|---|---|---|
Bitcoin (BTC) | $101,782.78 | -3.05% | $2.02T | $90.28B |
Ethereum (ETH) | $3,263.54 | -2.40% | $393.97B | $63.52B |
Tether (USDT) | $0.9992 | -0.03% | $138.26B | $276.63B |
Binance Coin (BNB) | $685.47 | -3.32% | $98.71B | $3.07B |
Solana (SOL) | $242.73 | -4.83% | $118.11B | $36.91B |
💹 Market Highlights:
Total DeFi Volume: $19.12B (5.48% of total market volume)
Stablecoins Volume: $323.32B (92.70% of total market volume)
Coin with Highest % Change: TRUMP (+53.78%)
🚀 Trending on DexScan:
ELON/SOL: $0.02974 (+34.67%)
BARRON/SOL: $0.01249 (+774%)
WIN/SOL: $0.002389 (+24.36%)
Fistcoin/SOL: $0.0004390 (+94.69%)
WAGMEME/SOL: $0.0008507 (+90.96%)
📈 Preview On Today’s News:
- Gary Gensler Resigns as SEC Chairman
- Melania Trump’s Meme Coin Sparks Crypto Frenzy and $TRUMP Crash
- Michael Saylor Signals Massive Bitcoin Buy as Market Eyes New ATHs
Keep reading below for more!
Today’s News:
1)
Gary Gensler Resigns as SEC Chairman
Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), will step down on January 20, 2025, following Donald Trump's election victory. Gensler's tenure was marked by strict regulatory enforcement, including high-profile cases like the SEC’s lawsuit against Ripple, which caused XRP’s price to plummet before partially recovering. His departure has spurred optimism among XRP investors, with expectations of regulatory shifts under Trump's nominee, Paul Atkins. Discussions of an XRP ETF, which analysts predict could attract up to $8 million in its first year, add to the anticipation of potential long-term price growth despite short-term market fluctuations.
Gary Gensler's resignation and potential regulatory changes have sparked optimism among XRP investors, with discussions of an XRP ETF adding to the excitement.
Analysts project long-term XRP price growth under new SEC leadership while acknowledging potential short-term fluctuations in the market.
2)
Melania Trump’s Meme Coin Sparks Crypto Frenzy and $TRUMP Crash
Melania Trump’s launch of the $MELANIA meme coin caused chaos in the crypto market, sending her husband Donald Trump’s $TRUMP coin tumbling by 40%. The $TRUMP coin had surged to a $15 billion market cap shortly after its launch, breaking into the crypto top 20, but Melania’s announcement diverted attention as traders rushed to invest in her rival coin. Both coins operate on Solana, requiring platforms like Jupiter and Phantom wallets for trading. This family-driven meme coin saga unfolds alongside the appointment of David Sacks as the U.S. crypto czar, signaling a shift toward innovation in the American crypto landscape.
Melania Trump’s $MELANIA meme coin launch triggered a 40% crash in the $TRUMP coin’s value, as traders redirected funds to her new rival cryptocurrency.
The $TRUMP coin, which had reached a $15 billion market cap, highlights the growing influence of the Trump family on the crypto market amid U.S. policy shifts favoring innovation.
3)
Michael Saylor Signals Massive Bitcoin Buy as Market Eyes New ATHs
Michael Saylor, chairman of MicroStrategy, hinted at another major Bitcoin purchase as BTC approached $105,500, nearing a new all-time high. MicroStrategy, already holding 450,000 BTC valued at $47.3 billion, has consistently accumulated Bitcoin for 11 straight weeks, recently adding 2,530 BTC worth $243 million. Analysts predict Bitcoin could hit $150,000 this cycle, with Saylor’s disciplined strategy aligning with bullish sentiment and institutional confidence. Meanwhile, market dynamics, such as support levels at $102,700 and the rise of tokens like OFFICIAL TRUMP (TRUMP), reflect the increasing influence of high-profile figures in shaping crypto trends.
Michael Saylor hinted at further Bitcoin accumulation as MicroStrategy continues its 11-week buying streak, bolstering its position as the largest corporate Bitcoin holder.
Analysts foresee a $150,000 BTC price target amid bullish sentiment, institutional confidence, and market momentum, with Bitcoin nearing new all-time highs.
Disclaimer:
The information provided in this newsletter is based on our data findings and opinions. It is intended for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk, and it is important to conduct your own research and consult with a qualified financial advisor before making any investment decisions. We are not responsible for any financial losses or gains you may incur as a result of using this information.
