What Happened in Crypto Today: The Bull Run Might Be Shorter Than We Thought

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  • Jan 08, 2025
What Happened in Crypto Today: The Bull Run Might Be Shorter Than We Thought

Bitcoin just showed us why getting too comfortable is never a good idea.

That 5% drop hit different - especially after we were finally getting used to seeing six figures on our screens.

And if you're wondering why your portfolio suddenly looks a bit under the weather, blame it on some surprisingly strong economic numbers that showed up today.

See, Wall Street was betting big on the Fed cutting rates soon. But these new reports? They're telling a different story.

Wondering what's really going on in the markets? Read the full analysis !

And here's what you need to know about today's most important crypto stories:

Let’s dive in!

Mid-March Is the Date?

One of crypto's most talked-about figures just made an unexpected pivot.

Arthur Hayes, who previously warned about a market crash when Trump takes office, now says that correction already happened in December.

His latest prediction? The crypto market will peak in mid-March, followed by what he calls a "severe" correction.

What makes this interesting is his reasoning - he believes increasing dollar liquidity in early 2025 (up to $612 billion) could actually overshadow any disappointment in Trump's crypto policies.

So why the sudden change of heart? And what does his new timeline mean for the market? Read the full story !

Ripple's New Move Could Change DeFi Forever

Something interesting just happened in the crypto space.

Ripple and Chainlink are teaming up, and it's not just another partnership announcement.

They're bringing RLUSD - Ripple's dollar-pegged stablecoin - to both Ethereum and the XRP Ledger. This means real-time price feeds, secured by Chainlink's decentralized oracle network.

But why is half the Crypto Twitter talking about it? Read the full story !

Crypto Champion Says Goodbye (And His Last Words Are Important)

Rostin Behnam, the CFTC chair who oversaw the $4.3 billion Binance settlement, just announced he's stepping down on January 20.

But his parting message is raising eyebrows in the crypto community.

According to Behnam, a "large swath of the digital asset space" remains completely unregulated in the US.

How could this impact crypto? And why are both crypto natives and traditional finance players watching this transition so closely? Read the full story !

Meme Coins Take a Hard Hit as Markets Turn Red

Dogecoin just dropped 10%, but that's not even the worst of it. The entire meme coin sector is bleeding, with some tokens taking even bigger hits.

Bonk and Dogwifhat on Solana? Both down 11%. The new kid on the block, AI16Z, tumbled 15%.

But Bitcoin only dropped 5%. That means meme coins are showing twice the volatility of the crypto market leader.

But why is the market sinking? Read the full story !

ETF Money is Flooding Into Bitcoin

Bitcoin and Ethereum ETFs just pulled off something remarkable. They attracted $1.1 billion in a single day, pushing their total 2025 inflows to $1.75 billion in just two trading days.

The interesting part? Fidelity is suddenly stealing the spotlight from BlackRock. While BlackRock's IBIT dominated throughout 2024, Fidelity's Bitcoin fund just had its third-best day ever, pulling in $370 million on Monday alone.

What's causing this disconnect between ETF inflows and Bitcoin's price? Read the full story !