Market Trends and Price Analysis

Market Downturn: The broader cryptocurrency market has experienced losses over the past 24 hours, with the total market cap down by over 2% due to escalating trade war fears between the US and the EU.

Bitcoin $BTC Movement: Bitcoin's recent rally stalled near the $98,000 mark, leading to a retreat below $95,000 as short-term holders book profits. Institutional investors, however, are accumulating $BTC , signaling long-term confidence.

Ethereum $ETH Performance: Ethereum prices fell, testing key support levels around $3,166 as the asset faces rejection from a major moving average. Despite the price drop, Ethereum's market structure is showing signs of recovery, with daily transactions recently hitting an all-time high.

Altcoin Performance: Most major altcoins, including Solana (SOL), Cardano (ADA), and XRP, experienced sharper declines in parallel with Bitcoin's drop.

Recent Regulatory News

US Regulation: U.S. lawmakers continue to struggle with advancing clear federal cryptocurrency regulations. There are new proposals in the Senate, such as the CLARITY Act draft, which aims to provide regulatory clarity for certain tokens like XRP and Dogecoin by treating them similarly to Bitcoin and Ethereum if included in regulated ETFs.

Pakistan's Stance: The regulatory framework for crypto in Pakistan is still under development, with ongoing discussions about a potential "time-bound amnesty" for traders. The country has also reportedly launched its first strategic Bitcoin reserve.

Global Events: Key global events this month include the World Economic Forum in Davos and a Federal Open Market Committee (FOMC) meeting, which could impact market volatility and sentiment depending on the outcomes.

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