January’s Crypto Surge: New Trends and Market Dynamics Fuel Excitement – BitRss

The cryptocurrency market drew attention in January due to the increase in ETF applications, new coin launches, and growth in the DeFAI sector. A report published by Binance Research highlighted the impact of political developments in the U.S. on the market and revealed important data. The change in the U.S. administration and pro-crypto policies contributed to the market’s recovery in the first half of January. However, the launch of the AI-driven DeepSeek model towards the end of the month increased market volatility.

Impact of U.S. Administration Changes on the Crypto Market

Significant changes occurred in the cryptocurrency market with the inauguration of U.S. President Donald Trump in the early weeks of the year. President Trump’s signed decree banning the creation of a Central Bank Digital Currency (CBDC) and plans for a national crypto reserve positively affected the market.

These developments contributed to the total market capitalization of the cryptocurrency market reaching $3.76 trillion at the beginning of January. Notably, a significant increase in ETF applications was observed following the departure of former SEC chairman Gary Gensler