PDAXScope: BTC extends advance after US Fed meeting

Bitcoin Extends Advance After Fed Meeting, Powell Commentary (Bloomberg)

Bloomberg reports that Bitcoin (BTC) has experienced a remarkable surge in trading volume more than a week after the Federal Reserve’s decision to pause its interest rate cuts.

The world’s largest crypto rose to about $105,000 after it initially dipped to $101,800 after the announcement. It quickly rebounded, marking its highest level in three days. Ether and Solana also pushed higher as reported by Bloomberg.

Trump Effect Triggers “Buy Crypto” Search Interest in the Philippines (BitPinas)

The administration of US President Donald Trump is proving to be crypto-friendly, as reported by BitPinas, as a noticeable increase in crypto terms on Google search has been observed. 

From January 2024 to January 2025, BitPinas analyzed Google Trends data over the past 12 months and observed a surge in searches for terms like “Bitcoin,” “Solana,” and Trump’s titular token, “$TRUMP.” This increase in interest coincides with their rising market value.

It’s vital to note that market volatility and heightened interest in specific tokens can be significantly influenced by political happenings and high-profile individuals. The key is to stay informed and to do your own research–as always.

Crypto.com to delist Tether USDT, 9 other tokens in Europe on Jan. 31 (CoinTelegraph)

Crypto.com – one of the largest cryptocurrency exchanges in the world – has announced that it will delist Tether (USDT) along with nine other tokens on January 31, 2025 to comply with the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework, as reported by CoinTelegraph.

Aside from USDT, Wrapped Bitcoin, Dai, Pax Dollar (PAX), Pax Gold, PayPal USD, Crypto.com Staked ETH (CDCETH), Crypto.com Staked SOL (CDCSOL), Liquid CRO (LCRO), and XSGD will also be delisted. The move is in line with a recent statement from the European Securities and Authority (ESMA), which pushes European crypto asset service providers (CASP) to restrict non-MiCA-compliant stable coins on January 3, 2025.

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