Crypto markets remained fairly stable during the weekend as Bitcoin prices hovered around the 94k mark without much volume. XRP, however, tried to show some strength but failed to breach the crucial resistance at $2.6 required for a further rally.
Markets have been on a slight downturn ever since a stronger than expected economic data is suggesting that the Fed might pause rate cuts in 2025. There was an estimate of 167k jobs added in December, but the actual data bettered it by a huge difference at 256k.
On the other hand, stablecoin protocol USUAL is facing backlash as its staked stable coin, USD0++, crashed to 93 cents. The usual team changed its protocol’s documentation, which now mentions this stable coin’s floor price as 87 cents. Stablecoins are usually pegged at 1 dollar. USUAL is down 44% in the last seven days alone.
