Today (January 21) there are the following notable events in the Web3 field:
· SKR token officially launched: New project token initiated.
· Davos Web3 Roundtable Meeting held: Industry discussions and exchanges.
📈 Market Overview
As of today, the cryptocurrency market is experiencing a significant decline, but note that some data may reflect closing situations from yesterday (January 20).
· Total Market Capitalization: The global cryptocurrency market cap fell by about 3%, to around $3.21 trillion.
· Major Cryptocurrencies:
· Bitcoin (BTC): The price fluctuates between $90,000 and $93,000, briefly falling below $90,000. Derivatives market traders believe there is a 30% chance it could drop below $80,000.
· Ethereum (ETH): Fell about 3%-6%, trading prices around $3190 to $3200.
· Other altcoins: Solana (SOL), XRP, and others generally fell between 1.5% to 8%.
· Market sentiment: The Fear and Greed Index is in the 'Fear' zone. There has been significant capital outflow from the US spot Bitcoin ETF.
🔍 Other important recent developments
In addition to today's events and market fluctuations, the following recent occurrences have also profoundly impacted the current industry:
· Macroeconomic policies and the market: US President Trump signed an executive order requiring the establishment of a Bitcoin strategic reserve (funded by seized assets and prohibiting sales), while also proposing increased tariffs on Europe, intensifying market risk aversion.
· DeFi security incident: The DEX Paradex based on Starknet displayed Bitcoin price as $0 due to database migration failure, triggering large-scale liquidations, after which the team performed a blockchain rollback.
· Web3 ecosystem dependency risk: The X (formerly Twitter) platform recently adjusted its policies to prohibit apps from incentivizing users to post through rewards, which directly led to the collapse of many 'Information Finance' (InfoFi) projects reliant on the platform, exposing the dependency risk of Web3 projects on centralized platforms.
💡 Forecast for the coming days
In the next few days (January 22 to 23), there will still be intensive events that may continue to affect the market:
· January 22 (Tuesday): IMU token launch, BitGo listing on Nasdaq, Stellar mainnet upgrade voting, final value of US Q3 GDP.
· January 23 (Wednesday): Multiple token unlocks for projects like ANIME, ZORA, Bank of Japan interest rate decision, and US inflation expectation data.#Strategy增持比特币 $BTC