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TRON (TRX) has gained 1.3% in the last 24 hours, outperforming the broader crypto market. This bullish momentum is attributed to strategic positioning and strong network activity. Founder Justin Sun announced plans to increase TRON's Bitcoin reserves, boosting investor sentiment. TRX's price action shows a technical rebound, with key levels to watch at $0.30 and $0.31. Despite a decline in DeFi activity, TRON's stablecoin dominance remains strong, processing $23.8 billion in USDT transfers in Q4 2025. Overall, TRX's recent performance reflects a mix of strategic developments and market dynamics.
Washington has approved cryptocurrencies, marking a significant milestone in the industry's growth. However, the ongoing pandemic has led to the permanent closure of 1,500 small businesses in the city, resulting in a loss of approximately 5,000 jobs and significantly impacting the local economy. Many individuals are struggling to find alternative employment, and residents who relied on these businesses for goods and services are now seeking alternatives. The city government is working on measures to support remaining small businesses and stimulate economic recovery.
Today marks the first monthly settlement day post-annual settlement, with significant call options activity. A total of 91,000 BTC options and 435,000 ETH options are expiring, with a combined notional value of nearly $9 billion. The crypto market is experiencing renewed panic, with Bitcoin and Ethereum prices in a downward trend. Key support levels are at $80,000 for BTC and $2,500 for ETH. Implied volatility for BTC is around 45% and for ETH is 60%, both at yearly highs, indicating strong trading activity and demand for hedging against short positions.
Trader Eugene Ng Ah Sio has repositioned amid market volatility, sharing insights on his personal channel. Following recent market setbacks, he has redeployed a significant position, noting widespread frustration among investors. Ng Ah Sio sees a favorable risk-reward ratio for going long, with a stop-loss below $80,000. He believes crypto assets will perform well in the long term and suggests the market may be nearing the end of its weak phase, indicating it's time to take action again.
SEC Chair Paul Atkins has announced a delay in the timeline for issuing broad crypto-related regulatory exemptions, which were initially expected in January. According to NS3.AI, the postponement comes after Wall Street firms expressed concerns about the potential risks these exemptions could pose to investor protection and market stability. Atkins noted that the finalization of the crypto innovation exemptions will depend on further developments in Senate legislation and ongoing regulatory considerations.
