Bitcoin is currently priced below $91,000 amid a strong dollar and inflation concerns, as MicroStrategy adds an additional $243 million in Bitcoin to its holdings. This price consolidation has pushed Bitcoin dominance up, while XRP has shown stronger performance. Additionally, two more states in the U.S. are considering adopting Bitcoin reserves. In the investment sector, Bessent is set to divest between $250,000 and $500,000 in Bitcoin ETF holdings, while a Federal Deposit Insurance Corporation (FDIC) official has criticized restrictions on cryptocurrency. FTX is beginning its creditor repayment process post-January 20, and Jamie Dimon likens Bitcoin to smoking. Trump's promises regarding cryptocurrency could be time-sensitive, according to NYDIG, while Geraci predicts an influx of around 50 new cryptocurrency ETFs by 2025. The market is experiencing fluctuations, with USD0 stablecoin briefly trading below $0.90 and the Consumer Financial Protection Bureau (CFPB) targeting digital wallet producers. Other developments include the shutdown of Mango Markets following a settlement with the SEC and ONDO's projected 20% token unlock this week. Moonpay has also acquired Helio Pay, underscoring ongoing shifts and adaptations in the cryptocurrency landscape.

Source 🔗