Late Night Crypto Highlights: Get the Market Focus in 1 Minute | Jan 12

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1️⃣ Market Stalemate: $BTC is holding steady at $91k, and $ETH is hovering around $3,100. While Gold and Silver are hitting consecutive record highs, Crypto remains in a sideways grind. The waiting game continues. 😂

2️⃣ $SOL Outperformance: Solana is showing stronger momentum, fueled by a major integration with X (formerly Twitter).

  • The Alpha: @nikitabier revealed development on "Smart Asset Tags" that embed real-time prices and contract info directly into tweets.

  • Impact: If on-chain assets become native to the X feed, the Solana ecosystem could skyrocket. Is Binance's dominance finally facing a real challenger?

3️⃣ Volume Slump: December exchange rankings show a synchronized weakening of CEX and DEX activity. On-chain Perpetual volume has dropped 30%, indicating that "smart money" is largely sidelined and capital isn't active yet. Expect more "grinding" in the short term.

4️⃣ US Sell Pressure: The Coinbase Bitcoin Premium Index has been negative for 5 consecutive days (currently -0.126%). US institutions and retail are still hesitant, and selling pressure remains a headwind.

5️⃣ CZ's Prediction: @cz_binance recently shared: "I might be wrong, but it looks like a 'Super Cycle' is approaching." 6️⃣ Geopolitical Risk: Nationwide unrest in Iran triggered by anti-government protests could impact global risk appetite. Expect heightened short-term volatility in the crypto markets—trade with caution.

7️⃣ The Powell "Persecution": The US DOJ has launched a criminal investigation into Fed Chair Jerome Powell. The focus is on a $2.5 billion headquarters renovation budget and allegations of misleading Congress.

  • Powell's Response: He dismissed the probe as an "excuse" and a political tactic to pressure the Fed into following the President’s personal interest-rate preferences.


Summary: The market is currently consolidating at low levels. However, the X/Solana partnership and CZ’s "Super Cycle" comments offer a glimmer of hope. Stay steady, watch the US CPI data and the Supreme Court’s tariff ruling—don’t panic! 😂

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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