Crypto Market Analysis: Daily Bitcoin, Ethereum & DeFi Updates podcast.
Hey there, crypto enthusiasts It's your buddy Crypto Willy here, and I'm excited to share the latest updates on Bitcoin, Ethereum, and the DeFi landscape. Let's dive into the past two weeks' market analysis and significant developments.
First off, Ethereum has been making waves. According to Changelly, crypto analysts predict that in January 2025, the ETH price might fluctuate between $3,275.85 and $3,823.04, with a potential ROI of 58.6%[1]. As of today, January 28, 2025, the ETH price is at $3,505.95, showing a 6.84% increase from the previous day.
In the DeFi space, we've seen some significant updates. Uniswap has broken records, setting a new monthly trading volume record of $38 billion on Ethereum layer-2 networks. AAVE has also seen significant growth, with its TVL exceeding 30% of the peak level during the DeFi Summer of 2021, reaching $23.056 billion. However, not all DeFi protocols have been smooth sailing. Usual Labs, the firm behind stablecoin protocol Usual, changed the code for the bonds backing its USD0 stablecoin, plunging several apps that integrated the token into chaos.
On the regulatory front, the SEC is expected to make a decision on new cryptocurrency ETFs by Q3 2024, which could attract $10 billion in new institutional investments. The approval of additional crypto ETFs could enhance market liquidity and stability.
Expert predictions suggest that Bitcoin DeFi will almost double in 2025, driven by a 150% year-over-year increase in cbBTC supply and a 30% rise in WBTC supply. Charles Yu expects Layer 2s to generate more economic activity than Alt L1s over 2025, with L2 fees as a percentage of Alt L1 fees ending the year above 25%.
Institutional involvement has been a key driver of the crypto market's growth. MicroStrategy, for instance, purchased 15,350 BTC for $1.5 billion, bringing its total to 439,000 BTC worth $45.6 billion. Ethereum products have also seen consistent inflows, with $1 billion added last week, marking seven straight weeks of growth.
Looking ahead, Finder's experts predict a bright future for Ethereum, suggesting it could surpass $6.1K by 2025 and potentially reach up to $12K by 2030. Wallet Investor also has a bullish outlook, expecting the Ethereum price to cross over the $7K mark in 5 years.
That's all for now, folks. Stay tuned for more updates, and remember to always keep your crypto game strong. Your buddy Crypto Willy, signing off.
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