In today's edition, we're diving into the latest developments and trends in the world of cryptocurrencies and blockchain technology. From market updates to regulatory developments, we've got you covered with all the essential insights you need to stay informed.

Whether you're a seasoned crypto investor or just starting to explore the possibilities of blockchain, our newsletter aims to provide you with valuable updates and analysis to help you navigate this rapidly evolving industry.

So buckle up and get ready to dive into today's top crypto headlines. Let's explore the exciting world of digital assets together!"

MARKET OVERVIEW (Today's Cryptocurrency Prices by Market Cap)

The global crypto market cap is $1.66T, a 0.40% increase over the last day.

The total crypto market volume over the last 24 hours is $44.72B, which makes a 14.01% decrease. The total volume in DeFi is currently $5.65B, 12.65% of the total crypto market 24-hour volume. The volume of all stable coins is now $40.69B, which is 91.00% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 51.15%, a decrease of 0.17% over the day.

Markus Thielen: BTC Price Can Touch $70,000 by Year-End, Rally to Begin Post Bitcoin Halving 2024

Analyst Markus Thielen draws attention to the correlation between US presidential election cycles and Bitcoin halving years, which have historically been bullish for BTC price.

Bitcoin price showed quite a muted response to the BTC ETF approvals last month. Recently, BTC price has been consolidating around $43,000 levels with no clear direction of movement for now. However, market analysts continue to be bullish for Bitcoin moving ahead in 2024. Markus Thielen from 10x Research expects BTC price to rally another 65% from the current levels by the year’s end. Thus, as per Thielen, the Bitcoin price can touch $70,000 this year while challenging its previous all-time high levels. In a report last Friday,

Bitcoin ETFs lead to record miner reserve BTC outflows

The launch of Bitcoin exchange-traded funds (ETFs) in the United States has directly influenced miners’ BTC reserves, with more than $1 billion of BTC flowing from miner wallets to exchanges in the first 48 hours of trading.

According to the latest Bitfinex Alpha market report reflecting on-chain data, the second day of trading of Bitcoin ETFs on Jan. 12 saw a significant increase in Bitcoin miners’ outflow to exchanges.

Stay tuned for tomorrow's updates as we bring you the latest news and information. We will keep you informed and provide you with all the necessary details.

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