Weekly Web3 Research | Overall Market Was Volatile This Week; Trump Appointed Crypto-friendly Mark Uyeda as Acting Chairman of the SEC

Weekly Trend Overview

The overall crypto market fluctuated significantly this week, showing a more drastic rebound trend. This week, the biggest focus was on the various dynamics of Trump and his family in the crypto market, with the focus on the suspected harvesting in the MEME field, which triggered heated discussions in the industry. However, personnel changes and regulatory information released by the US SEC have made the overall crypto market more favorable. As the market closed, it showed a more obvious upward trend.

Most mainstream cryptocurrencies experienced a round of obvious fluctuations in the mid-week period, showing a relatively obvious upward trend. Although external news factors are concentrated on public opinion related to Trump’s inauguration, the market has now returned to the market state before the recent sharp drop, but many regulatory policies have not yet been completely clarified, and the market still needs further positive news stimulation.

This week, the price trend of BTC showed fluctuating ups and downs, basically maintaining short-term ups and downs in the range of $100,000-$110,000. The current price is still in this oscillation cycle. The high point of BTC’s price in the week was around $108,200, reaching a recent high. The coin has entered a new upward channel, and the probability of breaking through $100,000 in the short term is relatively high. Overall, the prices of most key mainstream coins are in a recovery cycle, and the total market value is expected to continue to rise in the short term. The market sentiment remains around 60, and a large-scale bullish trend still needs time. The overall market value of the crypto market has increased slightly compared to the same period last week, reaching around $3.7 trillion, down 1.3% in 24 hours.

Compared with last week, the overall performance of the crypto market this week fluctuated frequently, but the overall market rebounded. BTC’s price returned to above $100,000 in a week, with small fluctuations for most of the time. ETH’s price performance showed a downward trend in a week, and the current price remained around $3,250.

The overall volatility trend of the crypto market this week is mainly short-term ups and downs, and the overall trend has warmed up. The most popular coin among the top gainers is TRUMP. Although it has aroused heated discussions in the industry, the popularity of this token is relatively high. It has the largest increase in a week, reaching an increase of about 472%.

The probability of large-scale changes in the overall crypto market this weekend is relatively low, and the overall market trend is still awaiting further clarification of regulatory policies.

Crypto Market

🔥In response to Trump’s launch of the Meme coin TRUMP, Skybridge Capital founder Anthony Scaramucci said that this is not good for the industry and compared it to the level of corruption of former Ugandan President Idi Amin.

🔥Zack Guzmán, founder of crypto media Coinage, wrote on the X platform: “There is a very important reason why the Trump family launched TRUMP so quickly before the inauguration, and now MELANIA. The fact is that if Trump waits another day, he may face the risk of violating the Constitution and being impeached (again). According to the Constitution, no president may abuse his power for personal gain. Specifically, the Emoluments Clause prohibits the president from obtaining profits or benefits from foreign governments.”

🔥According to the official website of the Trump family’s crypto project World Liberty Financial, the project’s 20 billion WLFIs have been sold out, worth $300 million at a unit price of $0.015.

🔥According to Crypto.news, some industry insiders criticized Trump for launching the Meme coin TRUMP.

🔥Nate Geraci, president of The ETF Store, wrote that Meme coin traders are fully aware that they are playing a crypto version of the “musical chairs” game.

🔥Forbes released the most noteworthy cryptocurrencies in 2025, including BTC, ETH, SOL, FET, and DOGE.

🔥With just days until the second inauguration of crypto-friendly Trump, Bitcoin appears to be back on track for record highs, according to Bloomberg.

🔥According to CoinDesk, as US President-elect Trump is about to deliver his inaugural speech, Google search data shows that global searches for the keyword “how to buy cryptocurrency“ have soared to a five-year peak (100 points).

🔥On January 20, analysts at research and brokerage firm Bernstein released a report stating that the meme coin TRUMP launched after Trump was elected as the US President marked a paradigm shift in cryptocurrency in the United States and the world.

🔥According to on-chain analyst Ember, World Liberty Financial (WLFI), a DeFi project supported by the Trump family, has spent a total of $112.8 million in the past 11 hours to purchase six tokens including ETH, WBTC, AAVE, LINK, TRX, and ENA.

🔥Dovey Wan, founder of the crypto fund Primitive Crypto, said that although the market is in a bull market, only a few tokens have set new highs, reflecting the maturity of the industry and the exhaustion of upper-level funds.

🔥Trump responded to the coin: I don’t know if it (TRUMP coin) is profitable, I don’t know much about it, I just know that I launched it. I heard it was very successful.

🔥The Trump couple’s “coin issuance” has caused polarized opinions in the crypto industry. Some people regard it as an innovative venture, while others believe it is a predatory strategy that takes advantage of Trump’s fan stickiness.

🔥The market had expected utive orders to support the digital asset sector, but this did not appear in a series of actions on Trump’s first day in office. Instead, the focus was on topics such as immigration, trade, energy and TikTok.

🔥Data from Glassnode, an on-chain data analysis platform, shows that the difficulty regression model estimates the cost of mining 1 Bitcoin is $33,900, while the current Bitcoin trading price is about $104,000. Although the mining difficulty continues to rise in this cycle, the profit margin of about 3 times shows the resilience of miners.

🔥Since August 2024, the difficulty of Bitcoin mining has increased significantly, with a quarterly increase of 24%.

🔥Eugene Epstein, head of trading and structured products at Moneycorp, said in an interview: “We have experienced cyclical bull markets in cryptocurrencies before, but I remember that this is the first time that hype has really happened at the government level. So far, there has been a lot of talk, but in terms of acceptance, this is still the furthest cryptocurrency has ever gone.”

🔥On January 21, according to CoinDesk, the 2025 Crypto Trends Report released by WisdomTree pointed out that Bitcoin is no longer a niche investment, and institutional adoption is growing rapidly.

🔥Data from the Bitcoin on-chain analysis program Checkonchain shows that 80% of short-term holders (STH) are back in profit after BTC rebounded above $100,000. Earlier this month, before Bitcoin rebounded, the loss rate of STH fell to 65%.

🔥Satoshi Action Fund (SAF) co-founder and CEO Dennis Porter posted on social media that he met with US lawmakers to discuss the proposal to establish a “strategic Bitcoin reserve” and said that “now is the time.”

🔥Data released by CryptoQuant analysts show that TRUMP, the official meme token of US President Trump, was launched on January 17, 2025. Since its launch, centralized exchanges’ total spot trading volume has reached $38 billion, of which Binance has dominated with a spot trading volume of $16 billion.

🔥Goldman Sachs CEO David Solomon said in an interview that from a regulatory perspective, Goldman Sachs still cannot own, dominate, or participate in Bitcoin.

来。🔥According to Cointelegraph, BlackRock CEO Larry Fink discussed the future of digital currency during an interview at the World Economic Forum Davos meeting.
🔥According to a report from Standard Chartered Bank, more funds are expected to flow into the Bitcoin field from institutions this year than last year. In particular, the participation of pension funds is expected to drive Bitcoin to $200,000 this year.

🔥ARK Invest CEO and Chief Investment Officer Cathie Wood said in an interview with Bloomberg: “It is not clear whether President Trump’s memecoin (TRUMP) has much practicality, but Trump is ushering in the next stage of the crypto revolution.”

🔥On January 22, CryptoQuant CEO Ki Young Ju wrote on X: Bitcoin may pull back or go sideways for several months. It is uncertain whether the bull market cycle is over, because other on-chain indicators are still bullish, and investors should be cautious when using leverage.

🔥Nate Geraci, president of The ETF Store, said on social media that two of the top ten crypto assets by market value have launched ETF products, and three are submitting applications. He speculated that Cardano may be the next crypto asset to apply for an ETF.

🔥According to Cointelegraph, Ethereum co-founder Joe Lubin revealed that ETF issuers are actively preparing for a pledged Ethereum ETF and are confident that it will be approved under the new SEC leadership.

Regulatory & Macro Policies

🔥 German politicians are busy preparing for the possibility that Trump will announce a strategic Bitcoin reserve, according to Stephan Schmidt, scientific assistant to German MP Joana Cotar.

🔥An Italian lawmaker urges Italy’s banking foundation to invest in Bitcoin, arguing that such investments could accelerate the country’s support for the leading cryptocurrency.

🔥According to the Shanghai Democratic League official account, the 3rd Session of the 14th Shanghai CPPCC held 6 special meetings. Member Wang Yi pointed out that blockchain is listed as a technology with the highest priority for development along with advanced computing, artificial intelligence, etc., and is a core technology that cannot be avoided in the competition among major countries.

🔥According to Ledgerinsights, the Eurogroup meeting next Monday will discuss tokenization, distributed ledger technology, and central bank funds for wholesale settlements, as well as the status of a retail digital euro.

🔥According to Tree News, Trump completed his second utive order signing ceremony in the White House office without mentioning Bitcoin or strategic reserves.

🔥According to The Block, US President Trump has appointed Mark Uyeda, a senior official of the U.S. Securities and Exchange Commission (SEC), to lead the agency until a permanent chairman is confirmed.

🔥According to Bitcoin Magazine, U.S. Congressman Jordan Teuscher of Utah proposed strategic Bitcoin reserve legislation.

🔥According to BitcoinNews, Italian MP Marcello Coppo said that if the United States establishes a strategic reserve of Bitcoin, it is not a fantasy for other countries to follow suit. However, he believes that Italy is not yet able to establish relevant reserves in the next few months.

🔥U.S. President-elect Donald Trump is about to take office, and the array of crypto supporters and holders he has promoted will soon influence U.S. crypto policy.

🔥 Despite El Salvador’s previous agreement with the IMF to roll back some of the country’s crypto policies, the country still bought 12 Bitcoins for its reserves in the past day.

🔥The U.S. Securities and Exchange Commission (SEC) said its new crypto task force will work to develop a comprehensive and clear regulatory framework for crypto assets.

🔥The Financial Services Commission of South Korea said regarding allowing corporate investments in virtual assets: “The content of corporate accounts was omitted from the press release issued by the Virtual Assets Committee (meeting) last week. Therefore, some people speculated whether it would not be promoted, but this is not the case. Since the committee has discussed the relevant content before, we will determine our position and announce it as soon as possible.”

🔥U.S. Democratic Congressman Gerald Connolly of Virginia called on the U.S. House Oversight and Government Reform Committee to investigate whether President Trump’s crypto business conflicts with his presidential duties.

🔥South African Reserve Bank Governor Lesetja Kganyago said that South Africa was unlikely to follow suit if the United States began to hoard Bitcoin. He questioned the merits of such a decision, and that South Africa was focused on the central bank digital currency (CBDC) and blockchain practicality rather than Bitcoin’s use as a means of storing value.

🔥According to Sing Tao Daily, the Hong Kong Legislative Council’s Web3 and Virtual Asset Development Subcommittee held a meeting to focus on regulating and developing Hong Kong’s virtual asset trading platforms.

Crypto Market Highlights

⭐️Last week, the overall trend of the crypto market was mainly intraday fluctuations, which was greatly affected by external news, especially Trump’s inauguration and coin issuance. Although the prices of most mainstream coins in the crypto market have rebounded as the market rebounds, it is still in a relatively clear fluctuation cycle as the weekend approaches, and the probability of maintaining a small range of fluctuations is high.

⭐️In fact, only TRUMP has a relatively obvious upward trend in the crypto market this week, which is more dependent on the popularity of Trump and his family. TRUMP has risen by about 367% in a week, and the current price remains around $33. This coin is currently controversial, and in fact, the source of funds is more dependent on Trump-related MEME coins.

BTC & ETH Weekly Performance

Bitcoin (BTC)

(Data Courtesy Of TradingView)

The price of BTC fluctuated drastically this week, but it remained above $100,000 for most of the week. Although it fluctuated downward later, the coin price rose and fell within a small range. As the overall market recovers, it is expected to rise more. Currently, the coin price is maintained in the range of around $105,000.

Ethereum (ETH)

(Data Courtesy Of TradingView)

ETH’s price trend this week showed two trends. The opening period was dominated by rapid intraday fluctuations, and the trend was relatively slow after the mid-week period. ETH’s price change trend showed a more obvious downward trend compared to BTC. The ETH price remains around $3,260, and the weekly high price is around $3,430. The coin is in a continuous small fluctuation channel, and a new round of price changes is expected during the weekend.

Web3 Project Trend

This week, the total market value of the seven types of projects showed a downward trend for the most part. Although the overall market showed signs of a volatile recovery, the pullback was relatively common. A volatile recovery is expected to be the mainstream trend in the short term.