FameEX Morning Crypto News Recap | January 13, 2025
New Investors Contribute Nearly 50% of Bitcoin Liquidity, Impacting $100K Breakthrough
On January 12, Glassnode data revealed that new Bitcoin investors holding for less than three months contributed 49.6% to network liquidity. Analysts noted that seasoned investors diversified holdings during the recent rally, while new buyers absorbed selling pressure, potentially influencing Bitcoin’s ability to surpass the $100,000 psychological milestone.
JPMorgan Chase: Robust U.S. Economy Likely to Sustain Dollar Strength in 2024
JPMorgan Chase forecasts that the robust U.S. economy, with projected 2024 growth of 2.7%, significantly outpacing the 1.7% average of other developed nations, will sustain the U.S. dollar's strength throughout the year. The economic performance is expected to bolster global confidence in the dollar.
31.6% of Global Bitcoin Production in 2024 Tied to 19 Publicly Listed Mining Companies
TheMinerMag data reveals that in January 2022, 16.7% of Bitcoin network computing power was from known entities. By December 2024, 31.6% of global Bitcoin production is projected to be linked to 19 publicly listed mining companies that report monthly proprietary mining performance.
BlackRock and MicroStrategy Acquire Bitcoin Worth $50 Billion and $24 Billion Respectively
BlackRock acquired $50 billion in Bitcoin during 2024, while MicroStrategy invested $24 billion in the cryptocurrency.
Fed May Skip Meeting as Inflation and Job Market Take Center Stage
Gregory Faranello, head of interest rate trading at AmeriVet Securities, supports expectations that the Federal Reserve will skip this month’s meeting. Inflation remains a key focus during the government transition. Once the new administration takes office, rising inflation data and a robust job market are likely to intensify calls for interest rate hikes.
US AI Startups to Raise $97 Billion in 2024, Capturing 35.7% of Global Venture Capital
In 2024, U.S. AI startups secured $97 billion in funding, nearly half of startup financing, setting a record. Companies like xAI and OpenAI raised billions, with global AI investments accounting for 35.7% of total venture capital. Meanwhile, Europe and Asia saw lower funding levels at $61.6 billion and $75.9 billion, respectively.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.