The crypto market has experienced a significant decline in market cap since January 22, 2025, with the total market cap dropping by 3.64%. This includes a 2.72% decrease in the total altcoin market cap and a 5.2% decrease in the market cap of the crypto market excluding the top ten cryptocurrencies. In the past 24 hours, most of the top ten cryptos have also seen declines, including Bitcoin and Ethereum slipping by 3% each. The disappointment caused by the lack of mention of the crypto industry in Trump's inaugural speech has contributed to this decline. However, there is some relief as the US SEC has announced the creation of a Crypto Task Force to develop a regulatory framework. There are rumors that the Bank of Japan may increase interest rates, which could be the highest in 18 years. The US Federal Reserve, on the other hand, is not expected to make any changes to its interest rates. The US dollar has seen a surge in value since the US election, and the US 10 Year Treasury Bond Note Yield has also been increasing steadily. Additionally, there are a significant number of BTC and ETH options set to expire soon. The selloff in the crypto market is influenced by macroeconomic factors, disappointing political developments, and technical factors such as options expiry. Investors should closely monitor regulatory moves, rate changes, and market trends for informed decision-making.



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