Bitcoin Surpasses $100,000 as US-Canada Taxes Are Delayed
Bitcoin recovered from $92,000 to $102,000 after the US and Canada decided to postpone taxes for 30 days. While concerns about the trade war caused sharp declines in the markets, MicroStrategy shares also recovered and gained 4%. US tariffs on China are still in effect, continuing uncertainty in the markets.
Trump Orders the Establishment of an Sovereign Wealth Fund
US President Donald Trump signed an executive order for the Treasury and Commerce Departments to establish a sovereign wealth fund. Although Bitcoin was not directly mentioned, it is suggested that the fund could hold the government’s potential BTC assets. The fact that Commerce Secretary nominee Howard Lutnick is a crypto supporter strengthens this possibility. Investors reacted positively to the development. It is stated that the fund can be used to increase the economic power of the US and expand its strategic assets. In addition, there are comments in the cryptocurrency markets that this move may be a sign that the state is showing institutional interest in Bitcoin.
Trump-Backed World Liberty Financial Denies Token Sale Claims
World Liberty Financial denied allegations that it sold tokens, contradicting Blockworks’ news based on anonymous sources. The company stated that it reallocated its assets in line with fund management and operational requirements. The project has a crypto treasury of $ 364 million, with ETH and wrapped Bitcoin being its largest assets. In addition, the appointment of Justin Sun as an advisor and some token purchases raised suspicions of conflict of interest and use of insider information. While it was announced that WLFI tokens cannot be traded for now and will remain locked indefinitely, the protocol is planned to be launched in the third quarter of 2025 with a valuation of $ 1.5 billion.
Eric Trump Supports Ethereum
Eric Trump made positive statements about Ethereum, saying that it is a good time to invest. At the same time, World Liberty Financial bought 86,000 ETH in the last seven hours, bringing its total assets to $ 421 million. However, the subsequent transfer of millions of dollars of ETH to the crypto asset trading platform led to sales speculation. With DeFi projects and meme coin initiatives, the Trump family’s interest in the crypto sector continues to grow.
MicroStrategy’s 12-Week Bitcoin Purchase Series Ends
MicroStrategy has paused its 12-week uninterrupted Bitcoin purchase process and maintained its total assets at 471,107 BTC. The company did not purchase Bitcoin because it did not sell new shares in the last week. The company’s total Bitcoin assets exceed $ 44 billion, while the average purchase price was calculated as $ 64,511. MicroStrategy owns 2.2% of Bitcoin’s total supply. The company is continuing its $42 billion capital raising plan through stock sales, while an additional $563.4 million has been raised through additional stock issuances.
$2 Billion Wiped Out in Bitcoin Crash
The new tariffs imposed by US President Donald Trump on Canada, Mexico and China have created a massive sell-off in global markets. Bitcoin fell to $92,000 during Asian trading hours, hitting its lowest level in a month. This sharp decline led to liquidations worth more than $2 billion, triggering one of the biggest liquidation events of the past year. Ethereum fell 20% to support at $2,500, while Solana fell to $195, and XRP fell 17% to $2.3. Other major altcoins such as Dogecoin and Cardano also lost about 20%. This collapse largely erased the increases seen in December following Trump’s election victory.
$527 Million Inflows into Crypto ETPs in January
Crypto ETPs saw inflows for the fourth week in a row, attracting $527 million. The US led the way with $474 million, while Europe saw an inflow of $78 million. Canada saw an outflow of $43 million.
Bitcoin products became the asset that attracted the most investment with the success of spot Bitcoin ETFs. BlackRock’s IBIT ETF saw an inflow of $918 million, while major funds like Grayscale and Fidelity saw an outflow of $465 million. XRP, on the other hand, drew attention with a weekly inflow of $15 million, attracting a total of $105 million in investments since the beginning of the year. Ethereum, on the other hand, ended the week with neutral flows.
Hong Kong to Increase Staff for Crypto Regulation
The Hong Kong Securities and Futures Commission (SFC) proposed creating eight new positions for crypto regulation, market surveillance, and sanctions investigations in its 2025-2026 fiscal year budget. According to the budget plan, the regulatory agency’s annual spending will increase by 7.2% to $332.4 million. Hong Kong has accelerated its licensing processes to expand its crypto ecosystem, and has so far granted trading licenses to nine platforms.
Senator Lummis Proposes to Reduce US Debt with Bitcoin Reserve
Senator Cynthia Lummis proposed the creation of a Strategic Bitcoin Reserve in order to halve the $36 trillion national debt and strengthen the global position of the US dollar. Stating that Bitcoin has historically gained 55% in value annually, Lummis believes that this reserve could help pay off a significant portion of the debt. Lummis emphasized that this strategy has found broad support, with at least 15 states giving public support to the idea. He sees Bitcoin not only as a major asset, but also as a critical tool in ensuring financial stability.
Elon Musk Proposes Blockchain to Prevent Corruption in the US Treasury
Elon Musk claimed that the US Treasury Department approved illegal payments, arguing that blockchain could be used to prevent such fraud. Musk, who heads President Trump’s Department of Government Efficiency (DOGE), stated that the system should be made more transparent.
While Musk said that moving government funds to the blockchain could prevent fraud, some experts emphasized that it could be difficult to integrate with the current system. On the other hand, there are also allegations that Musk’s team illegally blocked payments by intercepting sensitive data from the US Treasury.
Russia Is Registering Crypto Mining
The Russian Ministry of Energy plans to create a nationwide mining equipment registration system in order to prevent illegal Bitcoin mining and increase regulatory compliance. The new system will make it mandatory to register all mining operations.
Authorities aim to prevent illegal activities by clarifying the definition of crypto mining. On the other hand, Russia’s Tax Service (FNS) has launched a system where miners can declare their income online. The new regulations classify digital assets as taxable property, while stipulating a 15% tax on mining and trading profits. The demand for industrial mining equipment in the country has tripled by 2024.
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BITCOIN (BTC)
BTC is priced at $ 98,700 as of the morning hours, losing 2.55% in value. 91,370.06 is a level to which the price reacts as a strong support, while 96,060.85 is both a support and a region that leads to a decline if broken. In resistances, 102,451.99 and the red zone above stand out as significant selling pressure areas. Currently, the price is trading at 98,738.77 and above 96,060.85. In upward movements, the psychological resistance at 102,451.99 and 100,000 can be targeted. In downward movements, 91,370.06 should be monitored as a critical support level.
ETHEREUM (ETH)
ETH is priced at $ 2,697 as of the morning hours with a 6.22% loss in value. While the 3,220.55 level draws attention as a strong resistance, the price continues to remain below this area. A decrease to the 2,700 level has occurred with the downward movement. The upper red area represents intense selling pressure, while the green area represents an indecisive area where the price is consolidating. If the price recovers, the first resistance level can be targeted at 3,220.55, and above it at 3,829.69. However, if the decline continues, a pullback towards 2,600 levels may occur. Strategies should be shaped in line with the price’s reaction to these critical levels.
RIPPLE (XRP)
XRP is priced at $ 2.5412 with a 5.77% loss in value as of the morning hours. While the 3.2000 level draws attention as a strong resistance, the price retreated without breaking this level. The orange zone between 2.8716 and 2.7220 represents a dense supply area, and the price exhibited a downward movement after testing this zone. The price is currently trading at 2.5615. Below this level, the blue zones at 2.4000 and 2.2000 stand out as critical support points. If the price recovers upwards, the first target could be the 2.7220 – 2.8716 area. However, if there is a downward movement from the current level, the price is likely to pull back to 2.4000 and then 2.2000.
AVALANCHE (AVAX)
AVAX is trading at $ 25.97 as of the morning hours with a loss of 8.74%. The 42.06 level is within the blue area representing a dense supply area and the price could not break this area and retreated sharply. Below this level, there are resistance points at 40.30, 39.05 and 37.67. The price is currently trading at 26.10 and is trying to recover after the last decline. The nearest support level is 21.88, and if the decline continues, this level is likely to be tested. In upward movements, the price can be expected to test 32.95 first, then 35.63 and 37.67. For a strong uptrend, it is critical for the price to first make a permanent move above 32.95.
SOLANA (SOL)
SOL is priced at $ 203.85 as of the morning hours with a 5.86% loss in value. While the 229.30 level stands out as an important resistance point, the price is currently trading below this level. Above, the 245.52 level draws attention as the next strong resistance zone. Currently, the price is trading at 203.26 and is close to the nearest support level of 201.83. The price tested the blue supply zone but failed to break through it and pulled back. It is currently trying to hold above the support level, but if the 201.83 level is broken, declines can be expected to accelerate. In an upward recovery, the price may first target 229.30 and then 245.52.
