The crypto market in January saw sideways momentum and increased uncertainty, with political decisions influencing price action. Traders sought out freebies and attractive deals amid this market uncertainty. Major cryptocurrencies struggled to replicate the gains seen after the election results in November. Onyxcoin gained over 1,000% in January, but a correction is likely. The Official Trump meme coin initially experienced a significant increase in value but quickly crashed. Mantra, DeXe, and Monero also saw gains in January. Several meme coins, such as MELANIA, Pudgy Penguins, Virtuals Protocol, Dogwifhat, and Pepe, experienced losses. The market is affected by the ongoing trade wars between the US and China, as well as tariff talks with Mexico and Canada. The market is likely to rebound as uncertainties subside, but the high degree of uncertainty is reflected in the Crypto Fear and Greed Index.



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