Quick Take

Weekly Market Index

Price and volatility indices decreased last week by -0.84% and -66.60%, respectively. Volume index was up by +5.70%

The broader cryptocurrency market rallied on 20 January, which coincided with US President Donald Trump’s inauguration, before retracing towards the end of the week. Most of the cryptocurrencies in the index were down last week; LINK (+1.79%) and ATOM (+1.55%) led the increase. 


Chart of the Week

Bitcoin reached a new all-time high above $109,000 on 20 January, the day of US President Donald Trump’s inauguration. At the same time, bitcoin’s daily trading volume spiked to $126 billion on the day, according to CoinMarketCap, compared to the $56 billion average month-to-date. This was also the highest daily volume since 5 December 2024, when it reached $149 billion as bitcoin hit the $100,000 milestone. 


Weekly Performance

BTC and ETH both decreased by -0.7% in the past seven days. Prices of most other selected top market capitalisation tokens were down. 

Key categories showed mixed changes in market capitalisation in the past seven days. Meme category led the decrease.


Notable Updates

TokenTickerMC7D (%)CategoryRemarks
EthereumETH$381B-0.7%L1Vitalik Buterin published a blog post about his thoughts on Ethereum scaling, including Layer-2 (L2) growth, advancing blob scaling, and reinforcing Ethereum’s role as the primary asset of the Layer-1 (L1) and L2 Ethereum ecosystems. 
UniswapUNI$7.0B-14.3%DEXUniswap Labs announced on 22 January that v4 deployments will be rolling out for builders to test integrations on-chain, and all contracts are expected to have a full launch “next week”. 
As of 26 Jan 2025   Sources: Crypto.com Research, Crypto.com Price, CoinGecko, protocols’ websites

Newly Listed Tokens in the Crypto.com App

TokenTickerMC7D (%)CategoryRemarks
SonicS$1.5B-8.2%L1Sonic is an EVM-compatible L1 blockchain that provides up to 10,000 TPS and sub-second finality. Sonic’s Fee Monetization (FeeM) programme rewards developers with up to 90% of the fees their apps generate. Furthermore, Sonic Gateway provides developers and users with seamless access to liquidity through a native and secure bridge connected to Ethereum. S serves as the native utility and governance token.
Vine CoinVINE$318M+92.4%MemeVine Coin (VINE) is a meme coin launched on Solana by Vine Co-founder Rus Yusupov. Vine was a popular social media video sharing platform launched in 2012. 
AnimecoinANIME$303M-54.8%NFTBack by the popular NFT project, Azuki, Animecoin aims to transform the global anime industry into a community-led creative network, empowering fans to shape and own the future of anime. ANIME is used as the gas token for Animechain, a Layer-3 blockchain that leverages Arbitrum Orbit technology. It will also be the governance token used by the AnimeDAO to shape the direction of the Animecoin ecosystem.
As of 26 Jan 2025   Sources: Crypto.com Research, Crypto.com Price, CoinGecko, Protocols’ websites

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₿ Bitcoin reached an all-time high above $109,000 with a trading volume spike on 20 Jan; Crypto.com launched the Crypto.com Exchange in the US

Bitcoin reached above $109,000 with a trading volume spike on Jan 20; Crypto.com launched the Crypto.com Exchange in the US; Nasdaq filed for in-kind redemption for BlackRock’s iShares Bitcoin Trust

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