In the crypto market report covering the week of January 13-20 prepared by the ICRYPEX Research team, we have compiled current developments regarding crypto assets, price movements of crypto assets and macroeconomics.
You can take a look at the general flow of this report immediately below and reach all the developments that took place in the 7-day period from Weekly Crypto Market Reports: January 13, 2025.
January 13 Weekly Crypto Market Report Overview
While the economic data released last week had a mixed impact on the markets, the data to be released next week and developments in the crypto world offer important clues for investors. The PPI and CPI data released in the US revealed that inflation had a mixed outlook, making it difficult for the Fed to make monetary policy decisions. While the increase in retail sales and unemployment applications signaled a slowdown in economic activity, the strong recovery seen in the Philadelphia Fed Manufacturing Index drew attention. The 5.40% growth of the Chinese economy increased global risk appetite and added a positive atmosphere to the markets.
This week, markets will start with low trading volume in the US due to Martin Luther King Jr. Day, focusing on China keeping credit interest rates steady and Japan’s weakness in industrial production. While the UK labor market is expected to maintain stability, it is seen that the core CPI in Canada keeps inflation under control. While the decrease in the leading index in the US on Wednesday may increase expectations of a slowdown in economic activity, ECB President Lagarde’s speech may provide important clues about inflation and interest rate policies. The most notable development of the week will be the Bank of Japan’s decision to raise interest rates to 0.50%. PMI and home sales data to be announced in the US will also provide insight into economic activity and consumer demand.
There were significant developments in the crypto world last week. While Worldcoin reached 10 million users with its biometric authentication network, it faced regulatory hurdles due to data privacy concerns. Ripple has integrated its RLUSD stablecoin by collaborating with Cardano, and this development has the potential to increase Cardano’s DeFi capacity. XRP attracted attention by exceeding $ 3 for the first time since 2018 following the positive developments in Ripple’s SEC case. In addition, while hopes for Litecoin spot ETF approval increased, Trump’s plan to create a strategic reserve with US-based cryptocurrencies sparked interest in the crypto world. Tether’s move to El Salvador supports the country’s goal of becoming a global crypto hub.
Those who want to get more comprehensive information about the week covering January 13 – 20 can review Weekly Crypto Market Reports: January 13, 2025.
