Bitcoin Dominance is now retesting the 40% area. Although BTC ruined the party. If BTC stable in a range now then we may see some small recovery in altcoins. If Dominance go above 40% then we ll see more dump in altcoins. Use stop loss in all your trades.

Perpetual futures open interest relative to Bitcoin's market cap is now at the highest it's been since July 25th — link

PayPal explores launch of their own stablecoin in crypto push — link | archive

TOTAL2 (Altcoin marketcap) unable to hold the $1.2 trillion support area and now taking support at the downtrend bottom line. The major support for TOTAL2 is $1 trillion area and this is must hold point. Altcoins need to show some strength near support area. Use stop loss in all open trades.

ADA breaks the support of $1.2 area and also retested it. ADA need to go above the $1.2 area to gain some upward movement. The next major support is near $1 area. Wait for a break above $1.2 area or a retest of $1 support area for new entries.

• Roughly $280 billion were wiped out of the total cryptocurrency market capitalization over the week.
• Most digital assets in the market dropped in tandem amid the sell-off. Some whales have taken advantage of the downtrend to buy cryptos at a discount, but retail interest has failed to pick up.
• A few technical indicators suggest that a rebound is coming. Still, it remains to be seen whether the incoming upswing would have the strength to generate enough FOMO in the market to push cryptos into a new uptrend.

• From a technical perspective, BTC’s upside potential looks capped as there are several layers of resistance ahead that might reject any attempts by the bulls to take over. Bitcoin would have to break through $52,000 to be able to resume its uptrend while closing below $41,000 could signal a downswing to $33,000.
• On Binance Futures, BTCUSDT Long/Short Ratio continues rising to hit a 2.98 ratio on Jan. 9th. Traders remain optimistic about Bitcoin’s future price action as 74.87% of all accounts are net-long.

Digital asset investment products saw outflows totalling a weekly record of $207m. This follows the outflows that began mid-December and the 4-week run now totals $465m — link

Bitcoin has highest correlation with equities since July 2020 — link

Jack Dorsey spearheads new fund to defend Bitcoin developers against legal action — link

The TOTAL crypto market cap bounced from the support of $1.75-$1.80 trillion area. TOTAL is now trading above the $2 trillion resistance and this is good sign. The next resistance is $2.20-$2.25 trillion area. The support level remains the same. We enter in a bear market if TOTAL break below $1.75 trillion support area.

Tesla start accepting DOGE payments. DOGE is pumping hard because of this news.

XRP tested the major support area of $0.75 and stop hunting is done below the major support area. XRP is now in the accumulation zone and we may see some sideways movement. The next support is $0.70 area and $0.63 area. The local resistance is $0.80 area and major resistance is $0.89 area.

$ETH TA by TraderSZ

In 2021, North Korean hacking activity was on the rise once again. From 2020 to 2021, the number of North Korean-linked hacks jumped from four to seven, and the value extracted from these hacks grew by 40% — chainalysis

Crypto exchange FTX sets up $2 billion venture fund — link | archive

Walmart appears to be venturing into the metaverse with plans to create its own cryptocurrency and collection of NFTs — link

Weekend was silent, #BTC daily volume on Binance dropped below $1B just like two weeks ago before the dump.

Bulls are hopeless until $46k level isn't reclaimed

Singapore curbs crypto marketing in digital asset crackdown — link

USDC volume remains low on centralized exchanges — link