In a bold series of posts on X on January 14, prominent crypto analyst Miles Deutscher delivered a shocking forecast concerning the long-debated phenomenon of an altcoin season. His commentary quickly drew attention from crypto analysts, particularly as it appeared to challenge, rather than reinforce, the long-standing hopes of a 2021-style altcoin mania. RIP Crypto Altcoin Season? Deutscher began his post by acknowledging the renewed conversation within crypto circles on whether an “alt season” could come around again. He distinguished two different interpretations of the term altcoin season. “Will there ever be an ‘alt season’ again? Seeing a lot of discussion about this on the TL,” Deutscher noted. “Firstly, it depends on your definition of ‘alt season’. If you’re referring to the index, then yes, I expect it to spike again at some point this year.” Related Reading: Anthony Scaramucci’s 2025 Crypto Picks: Top Altcoins To Buy This Year However, he cautioned that a reoccurrence of the euphoric, multi-month surge experienced in 2021 would be exceedingly unlikely: “If you’re referring to the multi-month up-only mania of 2021, then no. The unique combination of QE/stimulus and V-shaped equities repricing created conditions that are almost impossible to replicate. Expecting that is a recipe for disaster. Key word here: ‘expecting.’” Deutscher’s overarching advice emphasized flexibility and preparedness rather than relying on extended bullish waves. He advocated for taking profits in what he expects to be comparatively short-lived rotations into altcoins—though he did acknowledge the possibility of a surprise rally: “If a larger ‘alt season’ DOES happen, great. That makes our job a lot easier, and complacency won’t be punished as much. Go in with the mindset of the rotation into alts being short-lived (this will force you to take profits). It may not actually be short-lived, but at least you’re securing profits.” Related Reading: Crypto Market Will Peak In Mid To Late March, Predicts Arthur Hayes He stressed that prudent strategies should consider “multiple mini-cycles or pockets of narrative outperformance,” underlining the importance of not hoping for a second coming of the 2021 market conditions. Deutscher’s advice ultimately hinged on portfolio construction and proactive trading: “Instead of holding everything and everything, have a more concentrated basket of high-conviction assets. Juxtapose those holdings with the willingness to trade in profitable playgrounds (i.e. AI) – but treat them as trades, don’t bag hold.” Deutscher’s comments came in response to a statement from crypto influencer Ansem, who had asserted: “No alt szn ever again. Pockets of extreme outperformance always there, with people moving down the risk curve in cyclical terms but never to the level as before. What’s the real reason BTC.d doesn’t have to go up and to the right for a decade straight?” While both analysts believe that a 2021-style altcoin season seems highly unlikely, they highlight the still existing opportunities in this bull run. “Specific assets/sectors are going to have crazy runs when conditions allow it. Instead of holding everything and everything, have a more concentrated basket of high-conviction assets,” Deutscher concludes. At press time, total crypto market cap excluding Bitcoin (TOTAL2) stood at $1.34 trillion. Featured image created with DALL.E, chart from TradingView.com
The glasses aim to provide a faster online user experience via AI agents and extended reality features, which may usher in a “post-smartphone era.”
Tether, the world’s largest stablecoin issuer, announced on Monday its plans to relocate its headquarters to El Salvador. This decision follows the successful acquisition of a Digital Asset Service Provider (DASP) license, a critical milestone in Tether’s ongoing mission to bolster global Bitcoin adoption. Tether Eyes El Salvador For HQ In an interview with Reuters, […]
As Bitcoin (BTC) retests the $90,000 price level after tumbling almost 9% in the past week, institutional investors and corporations are seizing the pullback as an opportunity to increase their BTC reserves. Business intelligence firm MicroStrategy is one such entity, having purchased 2,530 BTC during the ongoing market downturn. MicroStrategy Buys The Bitcoin Dip Undeterred […]
After reaching a new all-time high (ATH) of over $108,000 in December 2024, Bitcoin (BTC) has declined more than 15%, currently trading in the low $90,000 range. While bulls fear a further drawdown to $85,000, some analysts remain optimistic, suggesting that the premier cryptocurrency could rebound and potentially top out in the summer of 2025. Bitcoin To Top In Summer 2025? According to crypto analyst Dave The Wave, BTC may peak in the summer of 2025, around the middle of the year. The analyst highlighted that Bitcoin’s price trajectory is likely to continue appreciating, as indicated by the 52-week simple moving average (SMA). Related Reading: Trump-Fuelled Bitcoin Rally May Fade Ahead Of January FOMC Meeting: Report Dave the Wave emphasized Bitcoin’s historical adherence to the logarithmic growth curve (LGC), a model that has successfully outlined BTC’s price movements over time. Notably, BTC tends to reach its peak when the 52-week SMA touches the midpoint of the LGC channel. The analyst explained: The suggestion of a mid year btc peak here: price has previously peaked when the one year moving average hits the midway mark of the LGC channel. For the uninitiated, the Bitcoin LGC is a model that tracks the cryptocurrency’s price over time on a logarithmic scale, smoothing out its extreme volatility to highlight long-term trends. It uses upper and lower bounds to indicate potential support and resistance levels, helping analysts predict future price movements within a broader growth trajectory. The following chart illustrates how BTC prices have historically peaked a few weeks or months before or after the 52-week SMA intersects the middle line of the LGC channel. For instance, BTC’s $69,000 ATH in November 2021 occurred months after the 52-week SMA signaled the potential peak in May of the same year. Based on this trend, Bitcoin could peak within a few months before or after the 52-week SMA crosses the LGC midpoint, which is currently projected to occur in July 2025. This prediction aligns with other forecasts that see BTC reaching $200,000 by mid-2025. Meanwhile, crypto analyst Bitcoin Munger has pointed to the substantial buy walls between the $85,000 and $92,000 price levels on Binance’s order books. The analyst expressed confidence that “$110,000 is coming either way,” regardless of whether BTC briefly dips into the mid-$80,000 range. Is The BTC Price Correction Nearing Its End? Crypto trader Rekt Capital believes Bitcoin may be nearing the end of its current price correction, which typically lasts 2–4 weeks. In an X post, the trader noted that since this correction is now in its fourth week, a rebound could be imminent. Related Reading: Bitcoin May Hit $1.5 Million By 2035 According To Metcalfe’s Law, Analyst Predicts Similarly, crypto investor Daan Crypto Trades compared the current BTC price action to the December 2023–January 2024 period. Using the same price fractal, Daan predicts that BTC could find support around $86,000 before recovering its losses and surging to a new ATH of approximately $110,000. That said, there are still concerns about a potential bearish head-and-shoulder pattern forming on the BTC chart, which may push its price all the way down to $80,000. At press time, BTC trades at $91,427, down 3.7% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
Upbit has warned investors as IOST plans a layer-2 transition, with 21 billion new tokens and a tokenomics overhaul.
On Jan. 18, Ondo Finance will free up 1.94 billion ONDO tokens, equating to over 130% of the token's circulating supply.
Bitcoin has been faced with a challenging start to 2025 with a rejection at the $100,000 mark. Notably, Bitcoin has been unable to hold substantially above the $100,000 price level since it first broke through in early December, and multiple breakouts have been followed by rejections. The most recent rejection came last week when the price peaked at $102,000 on Monday, only to reverse sharply and fall to $92,000 by Thursday. Related Reading: Bitcoin To Challenge Gold: Expert Sees US Taking The Lead This continued tug-of-war has brought the bearish case for BTC into sharper focus, with technical analysis highlighting a 50/50 chance of a further drop or a bounce. $90,000: A Pivotal Support Zone Under Threat Recent Bitcoin price action has significantly put the $90,000 price point as the most notable support level for the bulls. Although the crypto has largely held above the $90,000 support level even during the recent corrections, the bearish outlook hinges on its ability to defend this level. According to technical analysis by crypto analyst EGRAG CRYPTO, Bitcoin has made five different attempts to test a support trendline around $90,000, which further reveals the importance of the level. This repeated retest increases the chance of weakening the support strength and is gradually making Bitcoin more vulnerable to a sharp decline. With this in mind, the major task for Bitcoin bulls would be to hold above the $90,000 and break resistance levels above $100,000 in order to invalidate a bearish outlook. Should Bitcoin fall below $90,000, it could cascade to a further price drop to the $87,000 range or even lower. A fall below $87,000 could, in turn, cause a quick fall through a $12,000 gap to reach $75,000. Resistance Levels To Break: $103,000 To $108,500 As noted by EGRAG CRYPTO, Bitcoin could continue to pose a bearish threat until it closes above a few resistance levels. These resistance levels are situated at $103,000, $106,400, and $108,500, and consistent daily closes above these thresholds are required to confirm a bullish trend. The third resistance of $108,500 is the most notable, as a break above it would see Bitcoin trading at new all-time highs. According to EGRAG CRYPTO, current technical indicators suggest that the chances of a pump are low at the moment. For instance, Bitcoin has now lost the support of the 21 EMA on the daily candlestick timeframe, and sentiment is now in a neutral zone on the Fear and Greed Index. Related Reading: Bitcoin Price Under Threat: $12,000 Void Opens Up Possibility Of Crash Toward $75,000 As it stands, the biggest factor that could see bullish momentum return to Bitcoin is the upcoming inauguration of Donald Trump on January 20th and the anticipated crypto-positive policies that during the new administration. EGRAG CRYPTO notes that the event could either trigger a short-term rally or exacerbate the ongoing decline. At the time of writing, Bitcoin is trading at $94,400. Featured image from Pexels, chart from TradingView
The introduction of Spot Bitcoin exchange-traded funds (ETFs) in the United States marked a historic milestone for the cryptocurrency market. These Spot Bitcoin ETFs, which first went live in the US on January 11, 2024, have had massive success in just one year, making them the greatest ETF launch in history. Related Reading: Bitcoin Price Under Threat: $12,000 Void Opens Up Possibility Of Crash Toward $75,000 As it stands, US-based Spot Bitcoin ETFs have now become one of the major drivers of Bitcoin’s price growth and played a huge role in Bitcoin’s break above $100,000. Furthermore, these US-based Spot Bitcoin ETFs are now collectively the biggest holders of Bitcoin. Performance Metrics Of US-Based Spot Bitcoin ETFs For years, the US Securities and Exchange Commission (SEC) resisted the approval of Spot Bitcoin ETFs, making their eventual approval in January 2024 a notable turning point for the crypto industry. Particularly, the SEC approved the first 11 Spot Bitcoin ETF applications on January 10, 2024. All the Spot Bitcoin ETFs have demonstrated a positive performance in their inaugural year except for Grayscale’s GBTC. The launch of spot Bitcoin ETFs was met with record-breaking enthusiasm, as these funds registered the highest trading volumes of any ETF launch in history during their first few days of operation. Apart from opening the Bitcoin and crypto industry to traditional investors who would otherwise not invest in cryptocurrencies, many large Bitcoin holders also saw the ETFs as the best way to invest in order to take advantage of their regulatory clarity. Particularly, BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Fidelity Wise Origin Bitcoin Fund have led the charge with substantial inflows throughout the year. These two funds quickly established themselves as dominant players, with each witnessing over $3 billion in inflows within their first 20 days of trading. At the time of writing, US-based Spot Bitcoin ETFs now collectively control about $107.64 billion in Bitcoin assets, which represents about 5.75% of the total Bitcoin market cap, according to data from SoSoValue. Since they began trading one year ago, these ETFs have witnessed a cumulative total net inflow of $36.22 billion. In terms of cumulative net inflows, the IBIT has witnessed the highest inflow amount in the tune of $37.67 billion, while FBTC follows behind with $12.16 billion. These two have been enough to balance the $21.57 net outflows from the pre-existing Grayscale Bitcoin Trust, which was converted to a Spot Bitcoin ETF. Other ETF providers have also witnessed cummulative net inflows in the past year, with ARK 21Shares Bitcoin ETF and Bitwise Bitcoin ETF also at $2.49 billion and $2.43 billion, respectively, at the time of writing. However, the remaining seven ETF providers have yet to cross the $1 billion threshold in cumulative net inflows, indicating a more uneven distribution of investor interest across the industry. Related Reading: Bitcoin To Challenge Gold: Expert Sees US Taking The Lead Where Do Spot Bitcoin ETFs Go From Here? The only way for Spot Bitcoin ETFs is up, especially on the longer timeframe in 2025 and beyond. Crypto investors are optimistic about a significant influx of capital into these ETFs in anticipation of crypto-positive policies to be introduced by the incoming Trump administration. At the time of writing, Bitcoin is trading at $94,057. Featured image from Pexels, chart from TradingView
Technical analysis shows Dogecoin’s bullish momentum is still on track and the meme coin is yet to reach its peak in the current market cycle. This interesting bullish outlook is revealed through a modified version of the 3-day Gaussian Channel indicator. Related Reading: Peso Stablecoin: 4 Philippine Banks Aim To Revolutionize Digital Payments Particularly, this […]
Dogecoin’s price action in the past 24 hours has been characterized by a consolidation around $0.33. Notably, this perambulation around the $0.33 mark has seen Dogecoin holding above an important trendline that could make or break its trajectory from here. Related Reading: Dogecoin Sees Social Sentiment Crash To New Lows, Why This Could be A […]
A crypto analyst recently took to X (formerly Twitter), boldly forecasting a new bullish price target for Bitcoin in Q1 2025. The analyst, who has analyzed Bitcoin’s future price trajectory using the Elliott Wave theory, predicts that the 4th Wave will end with a price crash to $91,000 while the 5th Wave will see BTC […]
Matthew Sigel, Head of Digital Assets Research at VanEck, has recently made comments regarding the potential of Bitcoin to become a global monetary standard, similar to gold, which have sparked controversy. This viewpoint is gathering momentum, particularly as the debate regarding a US Strategic Bitcoin Reserve intensifies. Related Reading: Bitcoin Faces Major Deleveraging – Analyst Explains Price Crash Below $100K The Future Of Finance: The Role Of Bitcoin Sigel stated that Bitcoin has the potential to significantly influence the future of global finance. He asserts that the establishment of a crypto strategic reserve by the United States government, with an estimated quantity of 1 million BTC, could establish the leading crypto asset as a new form of currency. This concept is reminiscent of historical periods in which nations accumulated gold in order to fortify their economic capabilities. Sigel posits that this could catapult the US to become the flag-bearer of the new era of finance. The gold standard once defined reserve assets. Now, Bitcoin presents the opportunity to converge on a ‘Digital Standard’ for money. It could very well echo gold’s role in reshaping global finance. pic.twitter.com/e1ogPe947R — matthew sigel, recovering CFA (@matthew_sigel) January 10, 2025 Gold Vs. Bitcoin: Lessons From History The comparison of crypto to gold is not new, but it has gained traction recently as more governments experiment with digital currencies. Gold is often seen as a safe haven and a reliable store of wealth, but Bitcoin offers unique benefits that no other commodity does. It is essentially a digital asset, thus unlike gold, transfers are fast and considerably more portable. This digital nature makes it less vulnerable to physical theft and facilitates cross-border transactions. While mining helps to produce gold, Bitcoin is intrinsically rare since its supply is limited at 21 million coins. For those trying to offset economic uncertainty and inflation, this planned scarcity could make BTC a tempting substitute. Global Perspectives & Reactions There is a growing global buzz about the potential of Bitcoin. Due to recent political shifts in the US, countries like El Salvador have made Bitcoin legal tender, and leaders in other nations are trying to put similar policies into place. However, given the erratic character of Bitcoin and the steady purchasing power of gold, some economists believe that this movement should be rejected. Related Reading: Bitcoin Sentiment Plummets To Neutral: Reversal Signal? Although Bitcoin offers contemporary benefits like decentralization and immunity to governmental intervention, its price volatility, according to critics, may be a barrier to its widespread adoption as a medium of exchange. As a result, the two assets differ in the crucial factors that investors and decision-makers need to take into account. Sigel’s words reflect a new interest in how Bitcoin might reconfigure financial systems around the world. As conversations continue about whether it will eventually become a global standard, standing alongside gold, both proponents and detractors will be watching how this story develops over the coming years. Perhaps the future of money depends on how these two assets evolve and interact in an increasingly digital economy. Featured image from Pexels, chart from TradingView
Bitcoin has extended its correction below the $100,000 psychological level into the past 24 hours. At the time of writing, Bitcoin is struggling to hold above the $94,000 mark after recovering briefly from its recent crash to $91,000. Related Reading: Bitcoin Sentiment Plummets To Neutral: Reversal Signal? As it stands, Bitcoin’s price outlook has taken a cautious turn, with crypto analyst Ali Martinez highlighting a $12,000 void between $87,000 and $75,000. The analysis, which is based on the Bitcoin UTXO Realized Price Distribution (URPD) ATH-Partitioned, reveals a lack of significant support in this range and raises concerns over a quick crash towards $75,000. $12,000 Void Shows Lack Of Support Between $87,000 And $75,000 Data from Bitcoin’s UTXO Realized Price Distribution (URPD) ATH-Partitioned metric shows that the range between $87,000 and $75,000 lacks substantial realized price activity. The UTXO is a relatively quiet but important technical indicator that provides insights into the distribution of Bitcoin across different price levels and focuses on UTXOs (Unspent Transaction Outputs). Therefore, analyzing UTXOs helps identify the price levels at which Bitcoin holders are currently sitting on realized gains or losses. As noted by Ali Martinez, the range between $87,000 and $75,000 opens up a $12,000 gap that could easily become negative for Bitcoin. This is because this range represents “little to no support,” meaning there is insufficient historical buying activity to stabilize Bitcoin’s price if it enters this zone. As such, this void increases the risk of a sharp correction should Bitcoin fall below the upper boundary. Market Implications Of The $12,000 Void As it stands, the $12,000 void threat can be only valid if Bitcoin were to break below $87,000. Although Bitcoin has largely held up above $90,000 even during corrections since November, the recent drop to $91,000 opens up the possibility of an eventual drop below $90,000. This concern is amplified by the Crypto Fear and Greed Index shifting to a neutral zone, accompanied by a surge in bearish sentiment across social media. If Bitcoin were to break below $90,000, this could open up the possibility of a continued decline towards $87,000. This, in turn, would most likely lead to a swift drop to $75,000. This scenario would undoubtedly test the bullish sentiment from investors and Bitcoin’s ability to sustain predictions of a long-term bullish trajectory. Related Reading: Bitcoin Remains Below $95k: Analyst Says It’s a Golden Time to Accumulate—Here’s Why On the other hand, you could easily argue that the ongoing consolidation opens up the opportunity to accumulate more BTC. According to an analyst on CryptoQuant, the short-term SOPR indicator is currently below 1, meaning many short-term investors are selling Bitcoin at a loss. However, history shows this phenomenon often precedes a major upward trend, making it a good time for accumulation. At the time of writing, Bitcoin is trading at $94,350. Featured image from Getty Images, chart from TradingView
In the past week, Ethereum (ETH) has dropped 9.3%, falling from $3,630 on January 3 to $3,235 at the time of writing. While ETH is striving to defend the psychologically significant support level at $3,000, some crypto analysts remain confident that the digital asset’s long-term price trajectory is bullish. Can Ethereum Recover? Analysts Weigh In While the current crypto bull market saw Bitcoin (BTC) create multiple historical new all-time highs (ATH), Ethereum’s price action remained relatively muted. Notably, ETH’s ATH of $4,878 recorded in November 2021 remains intact. Related Reading: Ethereum Poised For A Bullish Q1 2025? Here’s What Experts Say However, ETH’s subpar price action during the current market cycle has not dampened crypto analysts’ hopes for a bullish trend reversal. For instance, several analysts are closely monitoring the inverse head-and-shoulders pattern forming on the 3-day Ethereum chart. While a standard head-and-shoulders pattern is typically bearish, an inverse head-and-shoulders pattern is considered bullish, signaling a potential reversal in the asset’s price trend. Analyst MikyBull recently highlighted this formation in a post on X. Crypto analyst Wolf, corroborated MikyBull’s bullish prediction. In their analysis, Wolf highlighted that a successful completion of an inverse head-and-shoulders pattern could propel ETH to as high as $7,200. Seasoned cryptocurrency analyst Ali Martinez added that a downswing to $2,900 would be “very bullish for Ethereum,” creating an excellent buying opportunity before ETH climbs to new ATHs. Martinez further noted that if ETH continues to follow its ascending parallel channel, a dip to $2,800 could provide a solid foundation for the next upward move. Meanwhile, cryptocurrency and forex trader Merlijn The Trader identified a bullish Moving Average Convergence Divergence (MACD) signal on Ethereum’s 4-hour chart. This indicates that momentum could be shifting from bearish to bullish. According to Merlijn, this momentum shift might push ETH to the $3,700 price level. Will ETH Hit A New ATH In 2025? At the time of writing, ETH is trading approximately 33% below its ATH price. However, the rising institutional interest in the digital asset – particularly after the US Securities and Exchange Commission (SEC) approved spot ETH exchange-traded funds (ETF) – could provide ETH the required momentum to eye new ATH. Related Reading: Ethereum Risk-Reward Ratio Is Now Attractive, Brokerage Firm Explains A recent report by Steno Research predicted that ETH is poised to outperform BTC in 2025, with price projections as high as $8,000. However, not all are convinced of a bullish 2025 for ETH. To conclude, Ethereum must first surpass the critical resistance level at $4,000 before it can set its sights on achieving new ATHs. At press time, ETH is trading at $3,235, up 0.1% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
In an interview with popular crypto-focused YouTube channel Altcoin Daily, veteran financier and SkyBridge Capital founder Anthony Scaramucci revealed his top altcoins to buy and hold in 2025. Scaramucci, a former White House Communications Director and longtime Wall Street professional, provided his insights on various crypto assets—starting with his bullish stance on Ethereum (ETH) and expanding to a range of altcoins he believes will play a central role in shaping the future of decentralized technology. Ethereum: The Long-Term Crypto Winner Scaramucci began by identifying Ethereum as one of his key picks for the coming years. According to him, Ethereum’s market perception has undergone cyclical changes, which he likened to trends going “in and out of fashion.” Reflecting on his decades of experience in traditional finance, Scaramucci explained: Related Reading: Crypto Market Will Peak In Mid To Late March, Predicts Arthur Hayes “When I got into the industry, biotech stocks were hot, then it flipped over to insurance stocks, and then it was the world of alternative investing in hedge funds […] We go through waves and cycles of what’s in and out of fashion. And so weirdly, Ethereum is like out of fashion a little bit, which I’m surprised by because it’s got such great applications and it’s got a muscularity to it […] and it’s got dominance. So I do believe Ethereum is a winner, and I think it’s a long-term winner.” The billionaire investor underscored Ethereum’s robust ecosystem, highlighting its wide-ranging utility and established track record. His view is that while newer chains may offer speed and lower costs, Ethereum still holds a vital position as the smart contract platform of choice for countless decentralized applications (dApps) and protocols. Solana (SOL) After reaffirming his faith in Ethereum, Scaramucci turned his attention to Solana (SOL), touting its performance and cost-effectiveness: “I think that Solana—it’s cheaper and faster, and now that network is handling lots of volume. It’s got a good cross-section of different things going on […] We’re long a lot of Solana. I’ll be fully disclosed and tell you that.” Polkadot (DOT) Continuing his survey of promising altcoins, Scaramucci singled out Polkadot (DOT) for its potential in Web3 and gaming: “I own Polkadot. I like what Polkadot is capable of doing in the gaming industry, and I’m still a big believer that Web3 gaming will happen […] There’ll be sort of a Renaissance there.” Related Reading: Best Altcoins In 2025: Top Analyst Reveals His Picks He drew an analogy between today’s early-stage Web3 environment and the era of VHS tapes and Blockbuster Video. While it may be difficult to visualize the full potential of blockchain-based gaming experiences right now, Scaramucci believes Polkadot’s interoperability-focused platform could be instrumental in powering immersive digital ecosystems that lie just over the horizon. Avalanche (AVAX) Scaramucci did not stop there, briefly touching on Avalanche (AVAX) as another network he foresees doing well in the broader crypto market. Although he provided fewer specific details, his endorsement points to Avalanche’s known strengths—scalability, fast finality, and a growing suite of decentralized finance (DeFi) projects. “I think Avalanche will do well,” he stated. Algorand (ALGO) Turning to Algorand, Scaramucci shared insights from his personal holding in the asset, which he’s maintained for four years. Acknowledging the platform’s management shifts, he nevertheless remains optimistic: “I think [Algorand] lost a step when they made some management changes, but there’s a guy by the name of John Wood there […] I think he’s a very, very, very smart guy, and he’s putting some stuff together there, and I think that one is undervalued.” Sui And Aptos Rounding out his altcoin picks, Scaramucci also named Sui (SUI) and Aptos (APT) as projects with solid long-term prospects: “Sui and Aptos—I’m a long-term believer in those as well. I don’t think there’ll be one chain.” Ultimately, Scaramucci illustrated his broader stance on the crypto asset landscape, underlining Bitcoin as the undisputed market leader, yet insisting that alternative blockchains will also play crucial roles: “Bitcoin is the pope, but there’s a college of cardinals… that will be very useful in terms of what their applications are and their networks ultimately become over the next five to fifteen years.” At press time, ETH traded at $3,319. Featured image from YouTube, chart from TradingView.com
Solana is becoming the preferred cryptocurrency for retail investors, bolstering analyst expectations for another year of significant gains as the industry awaits the first US spot SOL ETF.
In an interview with Cointelegraph, US Senator Ted Cruz discusses Bitcoin’s role in driving small business growth, its potential as a hedge against inflation, and why Texas is becoming a top crypto hub.
As Bitcoin (BTC) continues its pullback into the low $90,000 range, analysts are divided on how much further the top cryptocurrency might fall before a potential bounce. However, long-term market observers remain confident, emphasizing that short-term price action does not alter their belief in BTC’s eventual rise to a million dollars or more in the coming years. Bitcoin To Reach $1.5 Million By 2035 Cryptocurrency enthusiast Timothy Peterson recently shared his projection on X, predicting that Bitcoin is on track to reach $1.5 million by 2035, based on Metcalfe’s Law. This forecast represents an almost 15-fold increase from its current price over the next decade. For the uninitiated, Metcalfe’s Law states that the value of a network is proportional to the square of the number of its users, meaning as the number of participants grows, the network’s utility and value increase exponentially. In Bitcoin’s context, this suggests that its value rises significantly as more people adopt and use the network. Related Reading: Bitcoin May Rally In Q1 2025 Driven By US Fed’s Money Printing, Predicts Arthur Hayes Peterson is the author of the widely discussed paper titled “Metcalfe’s Law as a Model for Bitcoin’s Value”, which uses the law to project Bitcoin’s price trajectory. Known for his bullish stance on Bitcoin, Peterson has long argued that BTC’s global adoption is inevitable. His paper states: Traditional currency models fail with bitcoin, but various mathematical laws which explain network connectivity offer compelling explanation of its value. Peterson has also demonstrated accuracy in identifying key market trend reversals. For instance, he correctly identified Bitcoin’s local bottom in September of last year. BTC To Dip Further Before Bounce? While Peterson’s bullish $1.5 million prediction is music to the ears of Bitcoin bulls, the cryptocurrency’s current price action might leave them uneasy. At the time of writing, over $524 million worth of liquidations have occurred in the past 24 hours, with $136 million in BTC alone. Related Reading: Bitcoin Sell-Off Likely When This Metric Reaches 4%, Analyst Explains Crypto analyst Keith Alan weighed in on Bitcoin’s recent price movement, stating that “this dip isn’t done dipping.” According to Alan, the sell-side pressure is actively pushing the price down, with buyers seemingly waiting for lower levels to make significant purchases. He explained: It’s clear that the sell side is trying to push the price down. It’s not clear if the buy walls are related to the same entity pushing price down, but what is clear is that they have no conviction for those price levels, and some or all of this liquidity could move or spoof. Alan identified $91,500 as a potential support level, with $86,500 acting as a secondary line of defense. He noted that more than $300 million in bid liquidity exists within this range, making it likely that BTC could rebound from these levels. Alan also highlighted that a drop to $86,500 would represent a 20% decline from Bitcoin’s recent all-time high (ATH) of $108,135. However, if this support fails to hold, there is a risk of BTC sliding further to $77,900 to fill the CME gap. On the contrary, crypto analyst Ali Martinez recently emphasized that BTC may be on track to $275,000 based on the cup and handle pattern formation on the weekly chart. At press time, BTC trades at $92,805, down 3.3% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
Banking giant Standard Chartered is debuting crypto services in Europein Europe via its new Luxembourg entity after securing a digital asset license under the MiCA framework.
According to a report by Fidelity Digital Assets, the rising nation-state and government adoption of Bitcoin (BTC) will be one of the major factors driving the premier cryptocurrency’s growth in 2025. The report notes that 2025 will be a pivotal year for BTC adoption. Nation-State Adoption To Make Bitcoin Mainstream Bitcoin adoption saw significant developments […]
Critics call it heedless; supporters say it’s brilliant. Either way, Michael Saylor continues doubling down on Bitcoin.
In a recent blog post, serial crypto entrepreneur and commentator Arthur Hayes predicted that fresh liquidity injections into the US economy following President-elect Donald Trump’s inauguration could spur a Bitcoin (BTC) rally in Q1 2025. Money Printing To Propel Bitcoin? Despite surging past $100,000 on January 6, BTC faced a sharp decline to as low as $94,543 earlier today, casting doubt on the so-called “Trump rally” that many expected to last until Trump’s inauguration on January 20. Related Reading: Bitcoin May Surge To $200,000 By Mid-2025 Amid ‘Mild’ Price Pullbacks: Report Recent market action aligns with Hayes’ December forecast, in which he warned of a potential “harrowing dump” in the cryptocurrency market around Trump’s inauguration. At the time, Hayes attributed this predicted sell-off to perceived regulatory disappointments from the incoming Trump administration. However, in his latest post, Hayes suggested that the US Federal Reserve’s (Fed) plan to inject $612 billion of fresh liquidity into the economy could make up for the lack of regulatory progress and ignite new bullish momentum for BTC. The BitMex co-founder remarked: A letdown by team Trump on his proposed pro-crypto and pro-business legislation can be covered by an extremely positive dollar liquidity environment, an increase of up to $612 billion in the first quarter. Hayes explained that the Fed is expected to ramp up money printing after Trump’s inauguration, likely driving BTC and other digital assets to a local top before a subsequent pullback. He added that market disappointment over lagging crypto regulation under Trump’s administration would exacerbate the correction. The crypto entrepreneur advised selling towards the end of Q1 2025 and waiting for favorable liquidity conditions to return in Q3 2025. Once fresh liquidity enters the market, Hayes suggested it would be time for risk-seeking investors to “turn the risk dial to degen.” Opinion Split On BTC Price Action While Hayes anticipates a BTC rally later this quarter, other analysts and market commentators remain cautious. For instance, a recent report by 10x Research noted that the Fed’s delay in cutting interest rates could dampen BTC’s bullish momentum. Similarly, technical analysis suggests that BTC may be forming a bearish head-and-shoulders pattern on the weekly chart, raising fears of a drawdown to as low as $80,000. Yesterday’s failure to decisively reclaim the $100,000 price level has further unsettled the bulls. On the other hand, the CEO of Bitcoin mining firm MARA recently advocated a long-term “invest and forget” strategy for BTC. He suggested that a US strategic Bitcoin reserve could spark a global race among nations to accumulate BTC, driving up its price. Institutional interest in BTC is already on the rise, as evident from record inflows received by US spot Bitcoin exchange-traded funds (ETF). At press time, BTC trades at $95,154, down 3.6% in the past 24 hours. Featured image from Unsplash, Chart from TradingView.com
On Tuesday, US-based crypto exchange Coinbase, achieved a significant legal victory in its ongoing dispute with the Securities and Exchange Commission (SEC). Judge Katherine Polk Failla of the Southern District of New York has granted Coinbase a “rare interlocutory appeal,” allowing the company to challenge the SEC’s claims that it operates as an “unregistered exchange […]
Cryptocurrency holders worldwide are poised to reach a new all-time high in 2025, the CEO of Chainalysis told Cointelegraph.
Bitcoin (BTC) crossed the psychologically significant $100,000 price level yesterday, fuelling optimism among bulls that the digital asset could continue its upward momentum and achieve new all-time highs (ATH) in the coming weeks. Head-And-Shoulder Pattern Bound To Fail? With Bitcoin reclaiming a key price level, speculation about its future price trajectory has intensified. Analysts are […]
After a phenomenal 2024, which saw XRP’s price surge from around $0.50 to as high as $2.90, the cryptocurrency is now range-bound, trading at $2.31 at the time of writing. However, a key pattern on the weekly chart suggests that XRP could be on the verge of another significant breakout. Half-Mast Flag Pattern Can Propel The Digital Asset To New Highs XRP, the fourth-largest cryptocurrency with a total market cap of over $134 billion at the time of writing, had a spectacular 2024. The digital asset’s price increased more than five times in less than two months, following its victory in a key lawsuit against the US Securities and Exchange Commission (SEC). Related Reading: XRP Consolidation Could End Once It Clears $2.60 – Top Analyst Expects $4 Soon In a recent post shared on X, veteran trader and analyst Peter Brandt shared his thoughts on XRP’s potential future price trajectory. Brandt highlighted the formation of a ‘half-mast flag’ pattern on the weekly timeframe, adding that a bullish completion of the pattern may propel XRP to new highs. He noted: Half mast flags should complete within six weeks, otherwise they should be viewed with great suspicion. This flag in XRP needs to rock and roll soon, otherwise it will likely morph into something else TBD. But if it completes, then market cap of $500 B is possible. For the uninitiated, a half-mast flag is a continuation pattern in trading where the price forms a sharp upward movement followed by a brief, shallow consolidation that resembles a flag, typically sloping against the prevailing trend. When the price breaks out of the consolidation phase, it often signals a continuation of the uptrend, potentially leading to higher prices. According to Brandt, a bullish completion to the pattern – a breakout to the upside – could push XRP’s total market cap to $500 billion. If other cryptocurrencies remain range-bound, a $500 billion market cap would make XRP the second-largest digital asset by market cap, surpassing Ethereum (ETH), which currently holds a market cap of $416 billion. However, it’s important to note that in the case of a bearish completion of the half-mast flag pattern, XRP’s price could break down to previous lows, potentially falling to a market cap of around $28 billion. XRP Primed For Major Gains Meanwhile, crypto analyst Mikybull outlined multiple price targets for XRP on the daily timeframe, using Fibonacci extension bands. According to the analyst, a breakout for XRP “is imminent,” with targets as high as $3.74. Similarly, Egrag Crypto recently predicted that XRP may surge to $15 according to the Elliott Wave theory. Further, on-chain data indicates that XRP whales are buying every dip in anticipation of a major rally in the coming weeks. Related Reading: XRP Could Skyrocket 470% If History Repeats, SuperTrend Indicator Suggests That said, concerns remain about XRP bulls’ inability to decisively break through the $2.35 resistance level. At press time, XRP trades at $2.31, down 4.5% in the past 24 hours. Featured image from Pexels, charts from X and TradingView.com
In a move to bolster its presence in the European market, Backpack Exchange, a crypto trading platform established by former employees of Sam Bankman-Fried’s FTX and Alameda Research, has acquired the European entity of the defunct FTX exchange for $32.7 million. As earlier reported by Bloomberg, this acquisition aims to expand Backpack’s derivatives offerings in […]
In a potentially major turn for crypto regulation in the US, Rostin Behnam, the Chairman of the US Commodity Futures Trading Commission (CFTC), has revealed his resignation, effective January 20, with his exit from the commission scheduled for February 7. Behnam Resigns, Leaves Key Regulatory Challenges In Crypto In a statement released Tuesday morning, Behnam […]
CoinSwitch expects it will take two years to distribute $70 million in recovery funds to WazirX users who lost money due to an alleged cyberattack last year.