Bitcoin Surpasses $100,000 Again
Welcome to the Daily Tribune of Tuesday January 7, 2025 ☕️
Happy New Year to Cointribu! 🚀
Today is Tuesday January 7, 2025, and as every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you shouldn't miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Sunny ☀️
24h crypto recap! ⏱
🚨 Inflation Crisis: The Fed Faces a Historic Dilemma
Faced with persistent inflation and a pressured economy, the Fed maintains a cautious stance by forecasting high interest rates for an extended period. According to Thomas Barkin, president of the Fed of Richmond, this approach aims to prevent a surge in prices driven by robust consumption and rising wages. However, this strategy could exacerbate tensions on households, already facing rising costs and stagnating purchasing power.
Donald Trump's re-election adds a dimension of uncertainty, with his tariff and immigration policies seen as factors that could reinforce inflation. While the labor market remains surprisingly strong, fueling cautious optimism among businesses, structural cracks are appearing, notably in the U.S. reliance on foreign capital and the management of colossal public debt. The Fed will need to find a delicate balance between controlling inflation and supporting economic growth.
🐕 Shiba Inu: Whales are stirring and the counters are exploding
Shiba Inu (SHIB) is attracting the attention of institutional investors, with a spectacular increase of 1,079% in the "Large Holder Netflow" indicator in 24 hours, according to IntoTheBlock. On January 3, a massive withdrawal of -177.74 billion SHIB by the major fortunes had been observed, but the trend reversed the next day with 67.52 billion SHIB reinserted.
Moreover, the price of SHIB, having reached $0.00002492 after several days of gains, stabilized at $0.0000234, reflecting the characteristic volatility of memecoins. The anticipation around the launch of the TREAT token, scheduled for January 14, fuels excitement and could become an important catalyst for SHIB, particularly due to its integration of Fully Homomorphic Encryption (FHE) technology. However, the coming days will be crucial in determining whether the whales will maintain their position or choose to secure their profits.
🧠 AI: Vitalik Buterin Advocates for a Radical Pause to Save Humanity
Vitalik Buterin, co-founder of Ethereum, proposes a "soft pause" in the use of large-scale computing resources in order to slow down the development of superintelligent artificial intelligences (AI). He advocates reducing available computing power by up to 99% for one to two years, thereby allowing humanity to better prepare for the risks associated with this technology. He also envisions measures such as registering AI chips and weekly validation by international signatures via blockchain technologies.
This approach aims to balance innovation and security while anticipating scenarios where AI could have an uncontrollable impact on society. Increased caution is deemed necessary to prevent this technological revolution from becoming an existential threat.
🚀 Bitcoin Surpasses $100,000: Four Key Drivers of This Ascent
Bitcoin has crossed the symbolic threshold of $102,000 in January 2025, thanks to a convergence of major factors. First, institutional interest has made a spectacular return, with massive investments, notably $908.1 million injected into Bitcoin ETFs in one day, a record since December 2024. Next, the supply of BTC on exchange platforms has decreased, a sign of accumulation off-market and reduced selling pressure.
The volume of Bitcoin options transactions has also doubled in 24 hours, reflecting investors' confidence. Finally, the anticipation of crypto-friendly policies under the presidency of Donald Trump has reinforced the bullish momentum. With these dynamics, the threshold of $120,000 now seems accessible, although dependent on stable transaction volumes and a supported market.
Today's Crypto: SPX6900 (SPX)
SPX6900 is based on the Ethereum ecosystem, integrating innovations focused on privacy and energy efficiency through Fully Homomorphic Encryption (FHE) technology. Its added value lies in securing sensitive data while maintaining exemplary processing speed.
The native crypto, SPX, is primarily used as a governance token and for transactions within its ecosystem. It has been distributed via a controlled emission model, limiting long-term inflation. Holders benefit from advantages such as staking rewards, reduced fees, and access to exclusive services. SPX is widely used in decentralized exchanges and to support innovative projects in DeFi.
Recent Performances
Current Price: €1.42
Variation (24h): -4.86%
Market Capitalization: €1.33 billion
Rank on CoinMarketCap: #86
An Unprecedented Altseason on the Horizon
A historical signal observed only twice in eight years indicates a possible imminent altseason.
Analyst TechDev, a reference in the field, anticipates a major shift based on the decline of Bitcoin dominance (BTC.D). When this metric decreases, the space left by Bitcoin opens an ideal playground for altcoins, which then attract capital and outperform. The alignment of Bollinger bands on Bitcoin's weekly chart strengthens this prediction: conditions are met for an altcoin surge.
The TOTAL2 chart, which measures the market capitalization of altcoins outside of Bitcoin and stablecoins, already shows $1.476 trillion, but much higher peaks are expected. This dynamic reflects not only increased investor confidence in alternative projects but also growing maturity of the underlying ecosystems, often linked to concrete use cases (DeFi, gaming, Web3). Unlike past cycles, this altseason could consolidate the position of altcoins as essential assets in the financial landscape.
However, this opportunity comes with risks. The intrinsic volatility of altcoins, coupled with macroeconomic uncertainties, requires rigorous portfolio management. While institutions like MicroStrategy continue to invest heavily in Bitcoin, strategies will diverge between bettors on the historical leader and hunters of explosive returns. One thing is for certain: this nascent altseason could redefine the rules of the game in an increasingly unpredictable crypto market.
