Bitcoin (BTC) edges slightly lower, trading around $96,500 on Friday after an over 2.5% recovery this week, with historical data showing modest average January returns of 3.35%. On-chain metrics suggest the bull market remains intact, indicating a cooling-off phase rather than a cycle peak. Binance secures its 21st global regulatory license after receiving approval from the Central Bank of Brazil.
This milestone follows Binance's acquisition of Sim;paul, a licensed broker-dealer, strengthening its foothold in one of Latin America's largest economies. The license allows Binance to offer enhanced services while complying with Brazil's evolving financial regulations. The crypto market is trying to start 2025 with growth, adding 4% since the beginning of the year. Like in late December, the market is stalling on reaching a capitalisation of $3.41 trillion. This time, the positive mood of cryptocurrency enthusiasts was undermined by a sharp downward reversal in the US and Chinese stock markets
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