Market in Turmoil as BTC Falls to $102K Amid Presidential Inauguration

Markets

Bitcoin tumbled to $102,000 following President Trump’s ceremony, with its lack of crypto mentions triggering market-wide volatility. BTC dropped sharply from its $106,000 high to $100,000 before recovering slightly, while altcoins like XRP, SOL, and ADA saw steeper losses of up to 10%. Meme coins were hit hardest, with FARTCOIN and TRUMP falling by over 27%.

22 January

Policy

yesterday

Mark Uyeda has taken over as Acting Chair of the SEC following Gary Gensler’s resignation, signaling a potential shift in the agency's stance toward crypto. A known advocate for easing crypto regulations, Uyeda will lead the SEC until the Senate confirms Trump’s nominee, Paul Atkins.

Tech

yesterday

Vitalik Buterin defended Ethereum Foundation director Aya Miyaguchi amid growing calls for her resignation, dismissing the criticism as counterproductive and harmful. He emphasized that ongoing reforms aim to enhance the foundation’s leadership while preserving Ethereum's neutrality, pushing back against demands for aggressive lobbying.

General

yesterday

The Department of Government Efficiency website now displays Dogecoin’s logo, reflecting the meme coin’s growing cultural influence. Led by Elon Musk, the unit aims to drive structural reform alongside the White House, though it operates outside the official U.S. government.

Business

yesterday

MicroStrategy shareholders approved increasing authorized shares to support its bitcoin acquisition strategy, part of the company’s $42 billion "21/21 plan." The firm recently purchased 11,000 BTC for $1.1 billion, bringing its total holdings to 461,000 BTC, valued at over $48 billion.

15 January

General

8 days ago

Italy’s largest bank, Intesa Sanpaolo, enters the crypto space with a $1M Bitcoin purchase (11 BTC), marking its first direct foray into digital assets. With a $73B market cap, the banking giant continues integrating crypto into traditional finance.

Markets

8 days ago

Bitcoin falls under $90,000 for the first time since November, down 18% from its all-time high of $108K. Analysts cite macroeconomic pressures, Fed rate concerns, and cascading liquidations as key factors. Upcoming FTX claims and potential Trump-era policies could shape market sentiment

Business

8 days ago

Swiss-Singapore crypto bank Sygnum achieves Unicorn status with a $1B+ valuation after raising $58M. Managing $5B in assets, it plans to expand Bitcoin tech, boost compliance, and grow its EU presence.

Policy

8 days ago

The US Supreme Court denies Binance's petition for review, allowing a class-action lawsuit to proceed. Investors allege the exchange sold unregistered tokens in violation of US securities laws. Legal challenges for Binance and CZ continue to mount.

Tech

8 days ago

Sony launches Soneium, its Ethereum Layer-2 public blockchain, on mainnet. Built on Optimism’s OP Stack, it empowers creators and fans with NFT tools and equitable value sharing. 50M+ transactions during testing mark a strong start.

09 January

Policy

14 days ago

South Korea moves to lift restrictions on institutional crypto trading! The FSC plans phased access to exchanges, aligning with global standards. With tighter rules on stablecoins and meme coins, the nation aims to boost its crypto sector.

Market in Turmoil as BTC Falls to $102K Amid Presidential Inauguration

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