- CoinGape's Newsletter
- Posts
- 🚨 The Crypto Trends Shaping Web3 Right Now: Are You Paying Attention?
🚨 The Crypto Trends Shaping Web3 Right Now: Are You Paying Attention?
CoinGape Media
January 27, 2025
News
Michael Saylor’s MicroStrategy has made its twelfth Bitcoin purchase in as many weeks. The company announced that it had acquired 10,107 BTC for $1.1 billion, bringing its total holdings to 471,107 BTC. Meanwhile, the MSTR stock has declined despite this recent purchase.
Rich Dad Poor Dad author Robert Kiyosaki has reiterated his claims over a potential market crash ahead. In a recent social media post, the renowned author revealed the potential timeline for the “biggest market crash in history”, which has gained notable traction from investors. However, it’s worth noting that Kiyosaki has remained bullish on Bitcoin despite the recent dip, considering the flagship crypto as a safe haven during this turmoil.
Ripple has secured Money Transmitter Licenses (MTLs) in New York and Texas, marking another step in its U.S. expansion. These licenses, crucial for offering compliant cross-border payment services, strengthen Ripple’s ability to provide financial institutions and crypto businesses with faster and more efficient payment solutions.
Sponsored
Oh Whale is generating buzz across the cryptosphere thanks to its unique approach to its presale and its conservation efforts to protect the ocean. With an ICO that focuses on transparency and security and a team that does not shy away from getting the highest level of security audit thanks to KYC certification through SolidProof, Oh Whale could be the next biggest cryptocurrency.
Markets
Bitcoin (BTC) and top altcoins encountered significant turbulence on Monday, tumbling against the backdrop of an unsure investor sentiment right ahead of FOMC. Bitcoin (BTC) price dropped to the $101K level today, whereas Ethereum (ETH), XRP, and Solana (SOL) cracked 4%-8%. Meanwhile, U.S. stocks also took a hit amid Chinese AI DeepSeek’s rise. So, let’s take a closer look at some of the leading crypto by market cap, their price action, and broader market trends on January 27.
Bitcoin dropped 6% from ATH of $109K, causing crypto markets to crash. But Ethereum (ETH) price trades above $3,100, showing strength as Solana crashes 22% along with the other altcoins. Is this peculiar behavior strength or stagnation? Will ETH rally higher soon?
Solana price crashed on Monday, mirroring the performance of other cryptocurrencies. The drop is also because of the stock market sell-off after the DeepSeek success and the potential for a hawkish Fed. Investing in some cheap Solana rivals may lead to substantial gains that could 10x portfolio when cryptocurrencies rebound.
The year 2024 was transformative for the Web3 ecosystem, witnessing rapid advancements, significant market shifts, and evolving regulatory landscapes. This analysis highlights the key crypto trends that have defined the year, supported by relevant data and insights, providing early to medium-scale crypto investors with a comprehensive understanding of what has transpired in the Web3 space.