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After a brief bout of optimism in early January, almost every top cryptocurrency is now down for the year. If you are feeling confused by all the volatility in the crypto market right now, there are three coins that should be on your radar: Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and XRP (CRYPTO: XRP). Combined, they can offer a lot of clues about where crypto is headed next.

An official said Trump was "just giving five examples" of cryptocurrencies that could theoretically be in a crypto stockpile.

Senior officials of the administration of U.S. president Donald Trump said in a media briefing on Friday that they view bitcoin as deserving "special treatment" as the White House forges ahead with plans to create stockpiles of digital assets. Trump signed an executive order on Thursday creating a strategic bitcoin reserve that the officials described as "a digital Fort Knox for digital gold." Fort Knox is the United States Bullion Depository, traditional home of a large part of the country's gold reserves, which takes its name from the nearby U.S. Army installation.

Garantex, a crypto exchange accused of laundering billions for criminal and terrorist organizations, was shut down by the US Department of Justice, Germany, and Finland.

The U.S. Department of Justice announced on Friday criminal charges against the administrators of the Russian cryptocurrency exchange Garantex for allegedly facilitating money laundering by criminal and terrorist organizations, as well as violating U.S. sanctions. The two administrators are Lithuanian national and Russian resident Aleksej Besciokov, 46, and Aleksandr Mira Serda, 40, a Russian national residing in the United Arab Emirates, who “knew that criminal proceeds were being laundered thr

The crypto reserve order “fell short of creating the extra market demand that many had hoped for.”

Anatoly Yakovenko, Solana’s co-founder, recently expressed discontent with Solana's possible inclusion in a crypto reserve.