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🌙 Cryptocurrency Market Extends Losses (1)

Experts are concerned that stronger-than-expected job growth and slower wage inflation could prompt the Fed to keep rates high.

Author

Mike Gavela
January 13, 2025

Crypto Roundup - January 13

Recent developments in the cryptocurrency and AI sectors highlight significant market volatility and growth. Bitcoin's value declined to $89,500, its lowest since November 2024, influenced by rising U.S. Treasury yields and robust economic data, which have reduced investor appetite for speculative assets. Simultaneously, the AI agent sector experienced a substantial downturn, with a 44% market capitalization decrease, equating to an $8.7 billion loss, reflecting the sector's nascent and volatile nature. In contrast, Euler Finance, a decentralized finance (DeFi) protocol, reported a remarkable 38-fold increase in total value locked (TVL) over three months, indicating growing investor interest and confidence in DeFi platforms.

Top Stories

  • Bitcoin's value declined to $89,500, its lowest since November 2024, due to rising U.S. Treasury yields and strong economic data.

  • AI agent sector experienced a 44% market cap decrease, losing $8.7 billion, highlighting the volatility in emerging AI markets.

  • Euler Finance reported a 38-fold increase in TVL over three months, signaling increased investor confidence in DeFi platforms.

SPONSORED BY
VAULTCRAFT

VaultCraft launches V2, TVL skyrockets above $100M

VaultCraft launches V2, partners with Safe, and secures $100M+ in Bitcoin

  • Matrixport, Asia’s leading crypto providers, commits $100M+ in Bitcoin

  • OKX Web3 to launch Safe Smart Vaults with $250K+ in rewards

TOP STORIES

Bitcoin drops below $90K to lowest level since November amid macroeconomic pressures

Bitcoin market pressures deepen with a dip below $90,000, amid macroeconomic factors and rising yields impacting crypto assets.

cryptobriefing.com/bitcoin-market-pressures

AI agent sector suffers 44% market cap wipeout

The sector saw a $8.7 billion wipeout in market value.

blockworks.co/news/ai-agent-market-wipeout

Euler Finance TVL Rises 38x in 3 Months - "The Defiant"

Euler, a decentralized finance (DeFi) lending protocol, is on its way to recovery after a $200 million hack in 2023 wiped out its financials.

thedefiant.io/news/defi/euler-finance-tvl-rises-38x-in-3-months

FUNDRAISING

MoonPay acquires Helio for $175M to expand crypto payments infrastructure

MoonPay's acquisition of Helio for $175 million could be among other strategic mergers in the digital asset space under the crypto-friendly Trump administration

www.foxbusiness.com/markets/moonpay-acquires-helio-175m-expand-crypto-payments-infrastructure

OTHER HEADLINES

Why have MicroStrategy insiders been dumping MSTR?

As MicroStrategy continues to dilute common shareholders to add bitcoin to its balance sheet, insiders continue to sell into their bids.

protos.com/why-have-microstrategy-insiders-been-dumping-mstr

MicroStrategy Buys $243 Million More Bitcoin - Decrypt

MicroStrategy just added $243 million worth of Bitcoin to its corporate treasury, which is currently worth more than $41 billion.

decrypt.co/300669/microstrategy-buys-243-million-more-bitcoin

Azuki-Linked ANIME Token Launching on Ethereum This Month - Decrypt

The Animecoin Foundation will launch its ANIME token sometime this January, with Azuki community members set to benefit.

decrypt.co/300647/azuki-linked-anime-token-ethereum

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