Welcome to our Weekly Wrap Up, where we break down the biggest moves, emerging trends, and must-know updates in the world of crypto. Whether you’re experienced in the space or just getting started, we keep things clear, insightful, and ahead of the curve—no unnecessary jargon, no drama, just the good stuff.
Let’s dive in.
Founder’s Corner: Richard’s Thoughts on This Week’s Crypto Market
What a week it’s been for the crypto market! Bitcoin reaching a new all-time high of over $175,000 AUD has set the tone for what could be a game-changing year for digital assets. It’s a milestone that reflects growing confidence in crypto as a mainstream financial instrument, especially with the recent policy shifts from key global players.
Finally, President Trump’s executive order to establish a National Digital Asset Reserve has sparked conversations around government involvement in crypto. While the full implications are yet to unfold, it’s clear that institutional interest in digital assets continues to grow, adding new dimensions to how cryptocurrencies are perceived on the global stage.
It’s an exciting time to watch the market evolve, and as always, staying informed is key. Wayex remains committed to providing you with the tools and insights needed to navigate this dynamic space with confidence.
The Top Cryptos by Market Cap
Discover the top players dominating the market!
This Week in Crypto 🚀
1️⃣ Pro-Crypto Trump Inaugurated
Donald Trump was sworn in as the 47th President of the United States on January 20, 2025, marking a significant shift in the U.S. political landscape. His administration is expected to adopt a pro-crypto stance, potentially influencing the regulatory environment.
2️⃣ Bitcoin Hits New All-Time High
Bitcoin's price reached a new all-time high, closing just above $106,000 USD ($168,994.32 AUD) on January 21, 2025. Earlier in the week, it touched $109,000 ($173,777.18 AUD) during intraday trading, reflecting strong market momentum.
3️⃣ Trump and Melania Launch Meme Coins
President Donald Trump and First Lady Melania Trump introduced their own meme coins, $TRUMP and $MELANIA, respectively. These tokens have quickly gained significant market capitalisation, with $TRUMP reaching $8 billion and $MELANIA at $710 million. However, the launch has sparked discussions about potential conflicts of interest and the speculative nature of meme coins.
4️⃣ Trump Signs Executive Order to Establish a National Digital Asset Reserve
On January 23, 2025, President Donald Trump signed an executive order creating a cryptocurrency working group tasked with proposing new digital asset regulations and exploring the creation of a national cryptocurrency stockpile.
Closing Thoughts
The re-election of President Trump has already made waves in the crypto market, with Bitcoin hitting a new ATH and altcoins surging. Are we on the brink of a global crypto explosion as policymakers continue to embrace digital assets?
Whether you’re a seasoned trader or a crypto newcomer, Wayex provides an easy way to buy, sell, and transact cryptocurrencies.
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