Crypto Pulse——1/23 Market Trends and Hot Project Analysis

Preface
Bitcoin and Ethereum have decreased by 2.14% and 3.18% respectively in the past 24 hours, with current prices at $102,872 and $3,239. The ETH/BTC exchange rate is 0.031. The Crypto Fear & Greed Index is at 76, indicating Greed.

Market Trending

Yesterday, the market moved sideways, with Bitcoin fluctuating between $102,500 and $106,500. Major cryptocurrencies experienced slight declines. Bitcoin’s price movements suggest that if key support levels like $103,500 and $100,000 hold, bullish momentum could dominate. The Relative Strength Index (RSI) is neutral at 60, and the Moving Average Convergence Divergence (MACD) has issued a buy signal, indicating a broader bullish sentiment. After a roller-coaster market performance the day before, TRUMP has cooled down, but the high trading volume and positive token sentiment remain as the market waits for potential favorable signals. The AI Agent token has rebounded, led by MAX with a 50% single-day gain. XRP and SOL saw slight increases due to the news that CME will launch futures contracts for them. Additionally, OpenAI and Trump announced a $500 billion investment for the creation of the “Stargate” project, which led to a slight increase in WLD.
Reports suggest that the market widely expects the Bank of Japan to raise its benchmark interest rate to 0.5% on Friday, a 25-basis-point increase, which would be the largest since February 2007. This is seen as a sign of Japan’s economic recovery. The recent collapse of the “yen carry trade” model has affected global finance, leading to an “8.5 crash” in the crypto market. The anticipated rate hike is also expected to impact the market, but the expected digestion and recent positive news may buffer the impact.

Spot Bitcoin ETF Flows

The US Bitcoin spot ETF saw net inflows of $248.39 million yesterday, with IBIT seeing inflows of $344.01 million. BITB had net outflows of $34.7 million, ARKB saw outflows of $13 million, and GBTC had net inflows of $50.54 million.
Check Out the Latest Prices, Charts, and Data of BTC/USDT Spot and BTCUSDT Perp!

Daily Spotlight

Today’s spotlight is WLD, with a 24-hour increase of 10.9%. Worldcoin (WLD) is a global digital identity project co-founded by OpenAI CEO Sam Altman. It aims to create a comprehensive global financial and identity network. At its core is World ID, a privacy-preserving global identity network that allows users to verify their uniqueness online through biometric features while using zero-knowledge proofs to protect user privacy. On Tuesday night, after Trump announced the “Stargate” project, OpenAI stepped in to claim it, stating that the first round of investment, worth $100 billion, would “begin deployment immediately” and provided detailed information about the merged company’s organizational structure and goals.
WLD was boosted by this news, with a 24-hour increase of 10.9%, currently priced at $2.2602.
Check Out the Latest Prices, Charts, and Data of WLD/USDT Spot and WLDUSDT Perp!

The Word on the Street

Lido Founder: There is no real Ethereum Second Foundation established yet. Lido founder Konstantin Lomashuk stated, “There is no real second foundation established at the moment. Ethereum is the ultimate world computer, and every Ethereum supporter can help it grow, evolve, and succeed. If a second foundation is indeed formed in the future, it must have a clear goal and complement the enormous work done by current contributors. Thank you for everyone’s support. I also believe we need more organizations contributing to Ethereum. I will share more thoughts after communicating with those who have contacted me.”

Project Airdrop

According to official news, decentralized Edge AI infrastructure Network3 will take a snapshot for users at 8:00 AM UTC on January 21. Users who have registered and bound their wallets prior to this will be eligible for future airdrops. After the snapshot, software and hardware nodes will switch to producing N3C computing power tokens, which can be exchanged for the mainnet $N3 tokens. Currently, Network3 is conducting a Pre-TGE airdrop event, with 50 million tokens as rewards for the community and node users. Users can log in to Network3’s official website to complete specific tasks and earn a free airdrop quota of 40,000 points.