đ Market Movements
Bitcoinâs Recent Decline: After reaching a high of approximately $109,000 earlier this month, Bitcoinâs price has experienced a decline. As of January 29, 2025, it is trading around $102,344, reflecting a decrease of about 6% from its peak.
âď¸ Legal and Regulatory Updates
Binance Under Investigation in France: French authorities have intensified their investigation into Binance, the worldâs largest cryptocurrency exchange, over allegations of money laundering and tax fraud. The probe covers activities from 2019 to 2024 and includes accusations related to drug trafficking and operating without necessary approvals.
đď¸ Political Developments
BlackRockâs Bitcoin Outlook: Larry Fink, CEO of BlackRock, has suggested that Bitcoin could reach $700,000 if institutional investors allocate between 2% to 5% of their portfolios to the cryptocurrency. This perspective underscores the growing interest in Bitcoin among traditional financial institutions.
đ Fun Fact
Lost Fortune: In 2013, a computer engineer accidentally discarded a hard drive containing 8,000 bitcoins into a landfill. Today, those bitcoins would be worth over £500 million, serving as a stark reminder of the importance of securely storing digital assets.
Stay tuned for more updates in the dynamic world of crypto! Trade with us at nordfx.com
Crypto Weekly Roundup: Key Developments in the Cryptocurrency World! was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.