As of January 11, 2025, the cryptocurrency market demonstrates the following indicators:
Significant fluctuations have been observed in the cryptocurrency market in recent months. In October 2023, the market capitalization increased by 19%, making it the second-largest monthly growth that year. This surge was driven by the approval of spot Bitcoin ETFs and the mass closing of short positions amid sharp price fluctuations. However, in December 2024, the Federal Reserve lowered interest rates by 0.25%, which led to a decrease in the price of Bitcoin to $98,792.67. At the time of publication, it is trading at around $101,158.92. This decline also affected other cryptocurrencies, such as Ethereum, Solana, and XRP, which showed a similar decrease. At the same time, at the end of 2024, cryptocurrency regulation was introduced in Cyprus under the EU law (MiCA). This is aimed at protecting investors, increasing transparency of operations on cryptocurrency exchanges, and combating money laundering. Companies, cryptocurrency exchanges, and cryptocurrency wallet developers will be required to implement anti-money laundering measures and undergo customer verification. Thus, the cryptocurrency market remains volatile, reacting to economic and regulatory changes. Investors are advised to closely monitor the news and consider the risks associated with investing in crypto assets.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
12 Likes
Reward
12
1
Share
Comment
0/400
GateUser-be69186e
· 01-11 14:50
interesting post, thanks for it interesting post, thanks for it interesting post, thanks for it interesting post, thanks for it
As of January 11, 2025, the cryptocurrency market demonstrates the following indicators:
Significant fluctuations have been observed in the cryptocurrency market in recent months. In October 2023, the market capitalization increased by 19%, making it the second-largest monthly growth that year. This surge was driven by the approval of spot Bitcoin ETFs and the mass closing of short positions amid sharp price fluctuations.
However, in December 2024, the Federal Reserve lowered interest rates by 0.25%, which led to a decrease in the price of Bitcoin to $98,792.67. At the time of publication, it is trading at around $101,158.92. This decline also affected other cryptocurrencies, such as Ethereum, Solana, and XRP, which showed a similar decrease.
At the same time, at the end of 2024, cryptocurrency regulation was introduced in Cyprus under the EU law (MiCA). This is aimed at protecting investors, increasing transparency of operations on cryptocurrency exchanges, and combating money laundering. Companies, cryptocurrency exchanges, and cryptocurrency wallet developers will be required to implement anti-money laundering measures and undergo customer verification.
Thus, the cryptocurrency market remains volatile, reacting to economic and regulatory changes. Investors are advised to closely monitor the news and consider the risks associated with investing in crypto assets.
interesting post, thanks for it
interesting post, thanks for it
interesting post, thanks for it