ChainCatcher news, according to Cointelegraph, 10x Research's head of research Markus Thielen stated that Bitcoin's price is expected to break out before the Federal Reserve's Open Market Committee (FOMC) meeting at the end of January. The current Bitcoin price is at $96,794, and this breakout could be either upward or downward.In a market report on January 14, Thielen noted that Bitcoin is trading within a narrowing triangular range, indicating that a breakout is imminent, expected no later than the FOMC meeting on January 29. From a trading perspective, the best strategy is to follow the direction of the breakout.He added that due to weak market drivers, Bitcoin may remain in a range-bound oscillation until mid-March. According to the CME FedWatch Tool data, federal funds futures market traders expect a 38.3% probability that the Federal Reserve will not cut interest rates in the first half of 2025.

ChainCatcher news, according to CoinDesk, Fundstrat's research director and Bitcoin bull Tom Lee stated that as a volatile asset, Bitcoin has dropped 15% from its peak, which is a normal adjustment.Glassnode data shows that Bitcoin's decline in this cycle has been relatively mild, around 15%-20%, much less than the 30%-50% declines seen during previous bull markets, indicating that the asset is becoming more mature.Despite the short-term pullback, Lee still believes that Bitcoin will be one of the best assets in 2025 and remains optimistic about a year-end target of $200,000 to $250,000.

ChainCatcher message, VanEck's Head of Digital Asset Research Matthew Sigel posted, "Is it too late to turn bearish now? The adjustment of altcoins after the election has recorded the worst performance ever."

ChainCatcher news, according to Cointelegraph, Grayscale's research director Zach Pandl stated that despite facing temporary resistance from macroeconomic data, the price outlook for BTC remains "structurally bullish." "Bitcoin seems to be suppressed by the strengthening dollar, which is rising due to the Federal Reserve adopting a more hawkish policy and tariff threats." He added, "Today's strong employment report reduces the likelihood of a rate cut by the Federal Reserve, further supporting the dollar and potentially putting temporary pressure on Bitcoin prices."Additionally, he stated, "However, with the upcoming inauguration of the U.S. president, this setback may be short-lived." He further mentioned that he still believes "the outlook for cryptocurrency valuations is structurally bullish."

ChainCatcher news indicates that the correlation between Bitcoin and the S&P 500 index has risen to 0.88, suggesting a renewed synchronization between the two markets. This marks a shift from the previous divergence trend (since Trump's election, Bitcoin has risen by 47%, while the S&P 500 index has only increased by 4%).Bitwise's Head of Research for Europe, Andre Dragosch, attributes the re-emerging correlation to macroeconomic factors, including the Federal Reserve's revised interest rate cut forecasts and the strengthening dollar, which continue to exert pressure on both cryptocurrency and traditional markets. Despite Bitcoin having strong on-chain support, its movements are increasingly influenced by broader market trends, indicating potential short-term risks ahead.

ChainCatcher news, Bitwise Research Director Ryan Rasmussen stated that over the past year, the number of Bitcoins held by enterprises increased from 262,635 in the fourth quarter of 2023 to 590,649 in the fourth quarter of 2024, a growth of 63%.

ChainCatcher news, the cryptocurrency prediction platform Polymarket previously stated that the likelihood of a Solana ETF being listed in the U.S. in 2025 is about 77%.Matthew Sigel, the research director at VanEck, commented that this prediction is underestimated. In June 2024, VanEck and its competitor asset management firm 21Shares are seeking approval from U.S. regulators to list a spot Solana ETF. Last November, shortly after Trump's victory in the U.S. presidential election, Matthew Sigel stated that the chances of the U.S. approving a SOL ETF in 2025 are "extremely high."

ChainCatcher news, according to Cointelegraph, the head of digital asset research at VanEck stated that VanEck holds 9% of its own Bitcoin ETF circulating shares, with more shares in cold storage.

ChainCatcher message, regarding the Bitcoin strategic reserve plan proposed by Senator Cynthia Lummis, VanEck's Head of Digital Assets Research Matthew Sigel commented on the X platform, "We did some math on this topic in this month's ChainCheck. Assuming the U.S. Treasury starts purchasing 1 million Bitcoins at a starting price of $200,000 over the next 5 years. Assuming U.S. debt grows at a rate of 5% (compared to an 8% annual compound growth rate over the past 10 years) and Bitcoin prices compound at a rate of 25%. In this scenario, by 2050, the U.S. strategic Bitcoin reserve would hold assets equivalent to 36% of the debt."

ChainCatcher news, K33 Research Director Vetle Lunde stated, "In the United States, the assets under management of Bitcoin ETFs ($129.3 billion) have surpassed those of gold ETFs ($128.9 billion). Despite having a 20-year head start, gold has now been overtaken."

ChainCatcher news, VanEck's Head of Digital Asset Research Matthew Sigel stated in the Coin Stories podcast that by 2025, the price of Bitcoin could reach as high as $180,000, noting that key indicators such as funding rates, unrealized profits, and retail speculation are the basis for this prediction. Sigel mentioned that VanEck has been "bullish on Bitcoin" since 2017. However, he believes that there is still a long way to go for corporate adoption of Bitcoin.He said that many traditional asset management firms (such as Morgan Stanley and Merrill Lynch) are owned by banks and brokers, and their progress in incorporating BTC into financial strategies has been slow. They are constrained by a heavily regulated structure and reliance on traditional asset allocation models (such as the 60-40 portfolio), which have yet to adjust to accommodate BTC ETFs.Sigel noted that this also indicates that about 80% of BTC ETF holders are retail or high-net-worth investors, who either diversify their investments from self-custody or expand existing positions. He added that institutional asset management firms have not yet made significant moves into this space.

ChainCatcher message, VanEck's Head of Digital Asset Research Matthew Sigel posted on X stating that when asked "What reasons would lead you to increase your Bitcoin allocation?":49% of respondents are waiting for prices to drop before buying the dip;46% of respondents want to see unknown "regulatory developments";24% of respondents hope to see a U.S. strategic Bitcoin reserve;9% of respondents cannot imagine buying.(Note: Respondents could select multiple options)

ChainCatcher news, according to Bloomberg, Galaxy Digital's research director Alex Thorn stated that the listing of options for BlackRock's $43 billion IBIT could reduce volatility and increase the base of Bitcoin investors.Thorn said in an interview on Tuesday, "Over time, as it is held more widely, volatility will decrease, and options will help to suppress volatility. As volatility decreases, people can hold larger positions." Nasdaq began offering options trading for the ETF for the first time on Tuesday. Thorn mentioned that if volatility decreases, more investors will view Bitcoin as a fundamental use case rather than just a high-risk bet.He stated that options would allow institutions to hedge more against Bitcoin and increase liquidity, while also impacting retail trading during bull markets. He added that the crypto industry must also figure out how to maintain control as traditional finance enters the space.

ChainCatcher news, VanEck's Head of Digital Asset Research Matthew Sigel stated on social media that the probability of Trump's economic advisor Scott Bessent being elected as the Secretary of the Treasury in the Trump administration on Polymarket is 55%, which could make him the first U.S. Treasury Secretary to support cryptocurrency.

ChainCatcher news, Autonomys Network research head Chen Feng confirmed attendance at the "DeInsight 2024" annual summit to be held on November 11 in Bangkok during Devcon. Autonomys is a decentralized AI (deAI) vertical stack that includes distributed storage, distributed computing, and a suite of decentralized applications (dApps). This vertical stack not only enhances the capabilities of AI applications but also ensures they operate within a secure and decentralized framework.The "DeInsight 2024" annual summit will take place on November 11 at Hotel Nikko Bangkok in Bangkok. This summit is co-hosted by ChainCatcher and RootData, with SoSo Value as a co-organizer, aiming to bring together elites in the Web3 field to exchange insights on the industry, and is expected to attract over 1,000 industry elites.In addition, the conference will unveil the RootData List 2024, which objectively selects influential individuals or organizations in the industry from a data perspective.

ChainCatcher news, according to CNBC, CoinShares research director James Butterfill stated that Trump's victory in the presidential election this week, along with the Republican Party gaining a new majority in the Senate, could make "the expected lenient regulatory framework" easier to pass. Therefore, a Bitcoin price rise to $100,000 (which means a 33% upside potential) "is now possible." It believes that the main catalysts for Bitcoin's future development are changes in SEC leadership, cryptocurrency-friendly regulations, and further adoption by major enterprises.

ChainCatcher news, Paradigm's Head of Policy Research and former senior advisor to the SEC, Justin Slaughter, posted on X platform that a former Biden White House staffer stated, "Democrats are no longer going to fight crypto to the end. We have too many other things to worry about, and crypto is clearly more resilient than we thought."

ChainCatcher news, Galaxy Digital's research director Alex Thorn posted on the X platform that Memecoins exist at the intersection of two factors: concerns over the lack of successful crypto use cases and the despair of young people regarding the bleak economic outlook.

ChainCatcher news, VanEck research director Matthew Sigel posted on X that top technical analysts expect Bitcoin to reach $100,000 in the fourth quarter.Laurence Balanco from CLSA stated, "Seasonal and technical factors, along with the increasing likelihood of Trump winning the U.S. election, are preparing for a breakout in Bitcoin and Ethereum."

ChainCatcher news, Outlier Ventures research director Jasper De Maere stated that as market conditions improve, Ethereum's on-chain activity could increase significantly. This activity is primarily driven by speculation and increased participation in decentralized applications.De Maere said, "With market volatility, we will see a surge in Ethereum on-chain activity, so there is clearly speculative activity, and then dApp activity drives on-chain activity. I would say this will still be driven by speculative activity, and dApp activity will be sustained through airdrops, as many companies will hold token generation events (TGE) and move to the mainnet."