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Quick Take Colder weather led to higher energy prices in the U.S., prompting Bitcoin’s mining difficulty to adjust downward for the first time since late September, 2024, according to Bitcoin mining firm Luxor. The U.S. accounts for 36% of global Bitcoin mining hashrate, with Texas alone contributing nearly half that sum, according to Luxor’s estimates.
Quick Take Transactions on the Bitcoin network fell to an 11-month low in January, indicating reduced activity on the network. Bitcoin’s backlog of unprocessed transactions has also plummeted, leading to record-low transaction fees as miners clear out Bitcoin’s mempool. Several blocks went unfilled on Saturday. Several U.S.-based Bitcoin mining firms are exploring diversifying their operations by offering compute for AI and high-performance computing workloads.
Markets shook off the DeepSeek panic, with stocks and crypto stabilizing after a chaotic week. Tech stocks split—Microsoft tanked while Google and Meta gained as traders played it safe with AI leaders. Bitcoin and Ethereum are stuck below key resistance levels, with weak momentum keeping full recovery on hold.
Polymarket data shows an 82% chance of XRP ETF approval in 2025, peaking at 89% on Jan 20 before cooling after an SEC closed-door meeting. Grayscale filed to convert its $16M XRP Trust into an ETF, joining firms like CoinShares and WisdomTree in seeking SEC approval. XRP trades below $3.10, with analysts eyeing $3.34 resistance; a breakout could test its 2018 all-time high of $3.84.
The crypto company has turned into a booming investment fund.
BTC remains resilient above $100K, but resistance at $106K challenges further gains. Whale accumulation and technical signals hint at the next trend.
- 01:22The transaction volume of the Bitcoin network has dropped to a low point of nearly 12 months, down 55% from its peakOdaily Planet Daily reports that data shows the 7-day moving average of Bitcoin network transaction volume has dropped to 330,000 transactions, hovering near a 12-month low. This is a significant decrease of 55% compared to the peak value of 730,000 transactions in the network's history. The fees generated by Runes in the past 30 days have fallen to less than $20,000, while on its release day Runes generated fees of $60 million. This indicates that market speculation activity has shifted towards other blockchain ecosystems. According to Memepool data, current Bitcoin network transaction fees are temporarily reported at 3 Sats/s.
- 01:21Yesterday, the net outflow of Grayscale Bitcoin Trust (GBTC) was 47 million US dollars, and the net inflow of Mini BTC was 6.5 million US dollarsGolden Finance reports, according to Farside Investors data, yesterday Grayscale GBTC had a net outflow of 47 million US dollars, and Mini BTC had a net inflow of 6.5 million US dollars. The net inflow/outflow situation for Grayscale ETHE and Mini ETH was both zero.
- 01:20Federal Reserve Logan: If the labor market remains strong, better inflation data does not necessarily mean that the Federal Reserve can cut interest ratesChainCatcher news, according to CaiLianShe reports, Federal Reserve's Logan stated that if the labor market remains strong, better inflation data does not necessarily mean that the Fed can cut interest rates. Even with better inflation data, changes in interest rates should be treated cautiously; Inflation data for the next few months will be very important; Geopolitical and policy changes also need attention; He is carefully observing the impact of these factors on the economy.