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Here’s How the Crypto Market Performed in January, According to Binance Research
As we enter February, it is essential to reflect on the key events and trends that shaped the crypto market in January. This month witnessed a surge in ETF filings with U.S. agencies, an influx of new tokens, and the remarkable growth of the DeFAI sector.
According to recent research by Binance, the crypto market cap recovered from the downturn experienced in December 2024, reaching $3.76 trillion by early January. The sudden upswing was largely fueled by a change in U.S. administration and potential pro-crypto regulations. ETF Filings Rise in Pro-Crypto U.S. Administration Following his inauguration, U.S. President Donald Trump signed an executive order that banned the creation of a U.S. Central Bank Digital Currency (CBDC) and explored the establishment of a national crypto reserve. These factors contributed to a positive market sentiment until late January, when the emergence of DeepSeek AI shook both stock and crypto markets simultaneously. This unexpected event triggered increased volatility that has carried over into February, further fueled by concerns regarding U.S. tariff policies.
The crypto market continues to grapple with recovery while new waves of ETF filings have been observed since the departure of former SEC head Gary Gensler. According to Binance Research, there are now 47 active ETF filings in the United States, representing 16 categories of crypto assets, including meme coins.
Source: cryptopotato.com
