Ether plunged to its lowest level in 13 months as the crypto market faced selling pressure and heightened security concerns. Historically, such a situation has occurred only a few times, with the most recent instance being during the COVID-19 crisis.

Merkel indicates the crypto market is "fragile but concerns are easing" following signs of de-escalation in the US-Iran situation. She sees Bitcoin nearing an accumulation zone but remains vulnerable, advising investors to select assets and manage risk with discipline.

Cryptocurrencies plunged across the board, with Bitcoin falling 2.8% after Trump signaled further attacks on Iran, prompting investors to reduce their holdings of risky assets. Meanwhile, oil prices surged, while Asian stocks fell.

Bitcoin's price surpassed $73,000 after weeks of trading in a narrow range. However, many traders remain divided on whether this rally is a "real breakout" or merely a price trap for late-entry buyers.

Hong Kong is preparing to adjust its risk-based capital system, establishing criteria for investing in digital assets. Stablecoins will be assessed for risk based on their pegged currency, aiming to become a digital financial hub.

Bitget sees the Fed meeting result having a small impact on Bitcoin, but believes it will stay at 70,000 USD in 1-2 years, possibly going back to 200,000 USD.

Bitget: Crypto Market Surges on Trump's National Reserve Fund, Maintains Bitcoin Target to Return to $100,000

Chinese auto finance company Cango has expanded into the bitcoin mining industry and has become one of the biggest players in the space. In late 2024, Cango acquired 50 EH/s of bitcoin mining capacity.

Revealing 3 Things to Know in Donald Trump 2.0's Administration as Tariffs, Crypto, and Elon Musk Become Major Forces That Will Change the Direction of New US Politics

2025 will be the golden year for the crypto market, with positive factors highlighted, especially the approval of the Spot Bitcoin ETF by the US SEC and Donald Trump's crypto-friendly policies.