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Traders and investors are preparing for significant market volatility in the crypto space this week, with key macroeconomic events set to impact portfolios. The week begins with Donald Trump's inauguration, potentially signaling positive regulatory shifts for cryptocurrencies. Later in the week, the release of initial jobless claims data and the Bank of Japan's possible interest rate hike decision will further influence market dynamics. Additionally, the US consumer sentiment report on Friday will provide insights into economic confidence and its potential impact on asset investments. Bitcoin is currently trading at $102,461, down 2.15% from the start of the week. Please note that the text contains references to sponsored content and advertisements.

The cryptocurrency market experiences extreme volatility as BTC surges to nearly $110,000 before the inauguration of President-elect Donald Trump. The wild ride includes the launch of meme coins by Trump and his wife, causing market shockwaves. Despite a significant slump, BTC rapidly recovers, setting a new all-time high. The heightened volatility aligns with Trump's impending inauguration, with further fluctuations anticipated. This information was sourced from TradingView and CryptoPotato, with insights provided by assistant editor-in-chief Jordan Lyanchev.

The content discusses the launch of meme coins associated with the US president-elect and the former and future first lady. It details the rapid increase in value of the Official Trump meme coin, reaching nearly $15 billion in market cap before a Melania meme coin was introduced. The subsequent fluctuations in prices of both tokens led to market-wide effects, including significant liquidations and price drops for various cryptocurrencies. The article concludes by questioning the impact of these meme coins on the crypto market.

The Coinbase-incubated Ethereum Layer 2 network, Base, has announced ambitious goals for 2025, aiming to onboard 25 million users and 25,000 developers. It plans to scale its blockspace capacity, target $100 billion in total assets, and focus on empowering developers, fostering an on-chain application ecosystem, improving user experience, and becoming a hub for global on-chain markets. Base recently hit $15.2 billion in total value locked

Hong Kong's central bank has launched a blockchain incubator to support local banks in developing blockchain products, with a focus on tokenization. The initiative aims to help banks manage the risks associated with transitioning to blockchain services and promote best practices. Meanwhile, a Salvadorian fintech has partnered with a European firm to push asset tokenization in El Salvador, aiming to issue up to $300 million in tokenized assets this year and work on standardizing the approach to tokenization in the country.

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The cryptocurrency market experienced a significant event with the launch of a meme coin by former U.S. President Donald Trump, which rapidly gained billions in market capitalization before plummeting by over 50% within hours. Furthermore, Melania Trump has also announced the launch of her own meme coin. These developments have drawn attention to the cryptocurrency space, but caution is advised. This information is courtesy of Dexscreener and CryptoPotato.

Israel-based retail trading firm eToro is bypassing the London Stock Exchange for a potential US initial public offering

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