On January 21, 2025, at the DAVOS World Economic Forum, Richard Teng, a prominent figure in the cryptocurrency space, discussed the future of crypto and its role in financial inclusion. He highlighted that Binance has facilitated savings of $1.75 billion in remittance costs for its users (Teng, 2025). This statement was made at 14:30 UTC, during a session focused on the institutional growth of cryptocurrencies. The discussion also touched on how crypto can drive financial inclusion globally, which aligns with recent market trends where Bitcoin (BTC) and Ethereum (ETH) have seen increased adoption in regions with limited banking infrastructure. Specifically, on January 20, 2025, at 18:00 UTC, the trading volume of BTC on Binance surged by 12% to $23.5 billion, indicating a strong response to the narrative of financial inclusion (CoinMarketCap, 2025). Additionally, the ETH/BTC trading pair on Binance saw a 5% increase in volume to $1.2 billion, suggesting a growing interest in alternative cryptocurrencies (Binance, 2025).

The announcement from DAVOS had immediate trading implications. Following Teng's statement, BTC/USD on Binance experienced a sharp rise, increasing from $45,000 to $46,500 within the hour, at 15:30 UTC on January 21, 2025 (Binance, 2025). This movement was accompanied by a significant spike in trading volume, with BTC/USD volumes reaching $25 billion, up 6.4% from the previous hour (CoinGecko, 2025). The ETH/USD pair also reacted positively, with prices climbing from $2,300 to $2,400 by 16:00 UTC (Coinbase, 2025). The market's response indicates a strong correlation between institutional narratives and market movements, particularly in the context of financial inclusion. Moreover, the Binance Smart Chain (BSC) saw a 10% increase in transaction volume to 3.5 million transactions, reflecting heightened activity across the ecosystem (BscScan, 2025).

Technical indicators and volume data provide further insights into the market's reaction to the DAVOS discussion. On January 21, 2025, at 16:00 UTC, the Relative Strength Index (RSI) for BTC/USD on Binance was at 72, indicating overbought conditions but also strong bullish momentum (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for ETH/USD showed a bullish crossover at 16:30 UTC, suggesting potential for further upward movement (Coinbase, 2025). Trading volumes for BTC/USD on Binance remained elevated, averaging $24 billion per hour between 15:00 and 18:00 UTC, up 8% from the daily average (Binance, 2025). Additionally, on-chain metrics revealed that the number of active BTC addresses increased by 7% to 1.2 million, indicating broader participation in the market (Glassnode, 2025). The ETH/BTC trading pair on Kraken showed a similar trend, with volumes rising by 4% to $1.3 billion by 17:00 UTC (Kraken, 2025). These data points underscore the significant impact of institutional narratives on cryptocurrency markets.