The former BitMEX CEO, Arthur Hayes, is making a bold prediction for the TRUMP meme coin: it will outperform Bitcoin if market sentiment continues improving and politicians start leveraging meme cryptos. Related Reading: Cardano Price Balloons 107% As Whales Scoop Up 1.41 Billion ADA The TRUMP token was launched to coincide with US President Donald Trump’s inauguration and, in just a short time, became the fourth-largest meme coin by market capitalization. However, after hitting a peak of $75, the TRUMP meme coin dropped to below $20. Now, the asset is getting a second look, with Hayes offering a prediction on its next movement. Immediately after Hayes’ post, the TRUMP meme coin showed signs of recovery. It’s currently trading between $19.03, up 17% in the last 24 hours, data from CoinMarketCap shows. Why TRUMP Meme Coin Will Perform Better Than BTC In a blog post, Hayes speculated that meme coins will become a powerful political tool since they can be used for advertising and campaigning. He then predicted that the 2026 midterm election would be a pivotal moment for the crypto industry, as more politicians would join the trend and launch their own meme coin projects. According to Hayes, political meme coins are unique crypto projects since they blend politics and entertainment. He speculated that if market sentiment improves further, political meme coins, particularly TRUMP, will outperform Bitcoin. Hayes used the the latest price action for the two digital assets, with TRUMP down 80% from its high, and Bitcoin struggling to reclaim $110k. If the market situation improves, Hayes thinks that the TRUMP coin will surge first, and Bitcoin will follow. Will Other Politicians Follow Trump And Launch Their Meme Coins? Hayes also expects that more politicians will join the trend and suggests that Chinese leader Xi Jinping is next. He added that Xi will realize that he needs to show people that he’s popular, and one way to do this is to launch a meme coin. However, Hayes offered a warning that similar projects in the future may not be as successful compared to the TRUMP meme coin. Challenges Up Ahead For Similar Crypto Projects In an interview with Scott Melker, Hayes said that there’s an exciting change in the crypto industry favoring highly liquid meme coins. However, Hayes explained that only Trump can pull this off and that future political meme coin projects may struggle due to strict community standards. Related Reading: Ethereum Whales On The Move—224,000+ ETH Withdrawn In Record Outflow Hayes speculated that some investors may ask for fair launches with equitable allocations. Melker also offered his insights on the unique standing of the TRUMP meme coin. He referenced a recent chat with Hasem Qureshi of Dragonfly, who suggested that the asset’s tokenomics is comparable more to a security than a meme coin. He added that people are buying the token because of Trump, and its price is not freely floating and subject to price discovery. Featured image from Gemini Imagen, chart from TradingView
Bitcoin (BTC) reacted sharply to today’s hotter-than-expected US Consumer Price Index (CPI) report, dropping from around $96,600 to as low as $94,088. Notably, BTC was already trending downward due to escalating geopolitical tensions following Donald Trump’s proposed tariffs on all aluminum and steel imports. Bitcoin Slumps Amid Surprising Inflation Data The latest US inflation data came in higher than anticipated, triggering declines in both equity and cryptocurrency markets. Instead of the expected 0.3% increase, the CPI rose by 0.5% in January, compared to December’s 0.4% reading. Related Reading: Bitcoin Withstands DeepSeek Dip And FOMC Volatility – How Close Is A New ATH? On a year-over-year (YoY) basis, inflation climbed 3%, exceeding forecasts of a 2.9% increase. For those unfamiliar, the CPI measures the average change in prices consumers pay for goods and services over time and is a key indicator of inflation. Meanwhile, Core CPI – which excludes food and energy costs – rose by 0.4% in January, surpassing the expected 0.3% gain. YoY, Core CPI climbed 3.3%, higher than the forecasted 3.1%. As a result, US stocks followed the crypto market downturn, with stock index futures falling roughly 1% after the report. On the other hand, the 10-year Treasury yield jumped 10 basis points to 4.63%, while the Dollar Index (DXY) strengthened by 0.5%. Could There Be More Downside Ahead? Following the CPI release, markets are now pricing in fewer or possibly no interest rate cuts from the Federal Reserve for the remainder of 2025. In an X post, financial journalist Walter Bloomberg noted: Capital Economics’ Paul Ashworth thinks a cut this year looks increasingly unlikely. “With tariffs likely to keep core PCE inflation close to, or above, 3% this year now, the Fed will stand pat for at least the next 12 months.” Treasury yields jumped on the inflation data and are holding on to their gains, with the 10-year at 4.651%, on path for its highest close since mid-January. A reduced likelihood of rate cuts poses additional downside risk for risk-on assets like BTC. Further compounding this uncertainty, Federal Reserve Chair Jerome Powell testified before Congress yesterday, emphasizing that central bank rate cuts remain unlikely in the foreseeable future. Related Reading: Bitcoin Holds Steady Amid NASDAQ Decline, Analyst Calls It ‘Extremely Bullish’ Crypto analyst HurryNFT shared insights on BTC’s price movement following the CPI data release. The analyst noted that while inflation remains above the Fed’s 2% target, Trump is pushing for rate cuts to stimulate the economy. The ongoing friction between the Federal Reserve and Trump could increase market volatility, potentially pushing BTC further down to $92,000. Additionally, the recent US employment report did little to support Bitcoin’s price. On the contrary, however, a recent CryptoQuant report posits that BTC may surge to anywhere between $145,000 to $249,000 under the Trump administration. At press time, BTC trades at $95,240, up 0.8% in the past 24 hours. Featured image from Unsplash, Chart from TradingView.com
By launching its Macro Strategic Reserve, World Liberty Financial (WLFI) has advanced significantly and strengthened its position in the dynamic Bitcoin market. The approach, which seeks to fortify the business’s financial foundation, coincides with heightened turbulence in the digital asset market. Although this seems like a well-planned approach, questions have already been raised concerning WLFI’s stability and long-term sustainability. Related Reading: This Dogecoin Chart Formation Could Catapult Meme Coin Over $1—Analyst Aiming For Stability With A Bitcoin Reserve The Macro Strategic Reserve aims to diversify WLFI’s portfolio by focusing on important digital assets including Bitcoin (BTC) and Ethereum (ETH). The initiative has already invested an estimated $470,000 in ONDO tokens, indicating a stronger commitment to implementing DeFi principles. WLFI’s move is vital to preserve its stability; while some contend that owning unpredictable digital assets does not always correspond to financial security. With the cryptocurrency market witnessing frequent price swings, some question if this reserve will genuinely serve as a viable form of investment or simply expose WLFI to increased risk. Dear WLFI Community, We are thrilled to announce a transformative initiative that marks a significant milestone in our journey together. World Liberty Financial (WLFI) is proud to unveil the Macro Strategy, our strategic token reserve designed to bolster leading projects like… — WLFI (@worldlibertyfi) February 11, 2025 A Shrinking Treasury Raises Concerns WLFI has had a financial decline, despite its ambitious aims. According to reports, the company’s treasury has shrunk from more than $300 million to barely $35 million, a huge drop that raises concerns. The decline comes after a series of big asset liquidations, which some say were required to keep the project afloat. This capital loss has raised concerns about WLFI’s ability to continue operating in the long run. Maintaining investor confidence may be difficult given the substantial fall in reserves. Ties To Trump Family Under Scrutiny There are also ties between WLFI and US President Donald Trump and his family, which makes things even more complicated. Some crypto fans think this is a good thing that could help them get government support, but others don’t believe so. Some people are worried that political ties could lead to problems with regulations or conflicts of interest. Furthermore, the engagement of prominent personalities in the cryptocurrency industry has historically elicited conflicting reactions. Some say that mainstream support could boost legitimacy, while others worry that it will create debate and harm the industry’s reputation. Related Reading: Final Dip? Dogecoin Correction Could Precede A Record Surge—Analyst What’s Next For WLFI? WLFI’s Macro Strategic Reserve is not without risks. If it works, the company’s cryptocurrency reputation and financial system stability may improve. However, obstacles are inevitable. Regulation uncertainty, market volatility, and a diminishing budget will undermine the Trump-backed initiative. Featured image from Gemini Imagen, chart from TradingView
The sun could be set to shine brighter in Japan’s financial horizon, as regulators take another look at how Bitcoin will play a role in the country’s financial landscape. Authorities are now considering lifting a long-standing ban on Bitcoin and crypto exchange-traded funds (ETFs). This might signal a new era in the government’s outlook on digital currencies. Related Reading: Can XRP Hit $10,000? A Quadrillion Market Cap For The Coin If That Happens – Analyst If given the green light, this action would open doors for both institutional and retail investors by aligning Japan with other big financial hubs embracing crypto-based investment products. Crypto ETFs May Soon Become A Reality In Japan Japan’s top financial regulator, the Financial Services Agency (FSA), is apparently considering approving Bitcoin and cryptocurrency exchange-traded funds (ETFs). This will change the investing environment of the country greatly. For years, the ban on these funds has limited the ways in which investors might have access to digital assets via regulated financial instruments. Japan appears to be closely monitoring the United States’ recent approval of numerous Bitcoin spot ETFs. The introduction of crypto ETFs, according to analysts, would offer investors a more structured and secure method of participating in the digital asset market, without the risks associated with direct ownership. Japan Advocates For Tax Reforms That Favor Crypto Apart from the acceptance of ETFs, Japan is looking at major tax changes that would boost the attractiveness of bitcoin investments. Currently, profits from cryptocurrencies are liable to taxes at rates ranging from up to 55%, which has discouraged investors. Still, authorities are thinking about lowering the rate to 20% to match the taxation of stocks and other traditional financial assets. This change most likely would be a motivation for other traders and institutions to enter the market. If implemented, the new tax policy has the potential to establish Japan as one of the most crypto-friendly economies in Asia, thereby attracting substantial capital inflows. Related Reading: Analyst Eyes $387 For Solana As Key Support Levels Strengthen—Details Reclassifying Cryptocurrencies As Financial Products Along with a bigger plan to make regulations clearer, the FSA is also considering whether cryptocurrencies should be considered regular financial assets, like stocks or bonds. If this goes into action, crypto assets will have to follow stricter rules for reporting and disclosing information. This will make the industry more open and protect investors. This change in the law may calm big investors’ fears of price manipulation, fraud, and a lack of oversight, which have been holding them back in the past. Japan’s move to recognize digital assets as a safe form of investment could be a model for other countries to follow. Featured image from Gemini Imagen, chart from TradingView
The recent price decline of XRP has sparked a discussion among market experts regarding whether the decrease to $1.76 was a natural market reaction or a more deliberate event. Within three hours on February 3, 2025, XRP experienced a rapid decline from $2.57 to $1.76, a staggering 31% decrease. Nevertheless, the rapid recovery above $2 that occurred shortly after the decline was a cause for concern. Related Reading: Crypto Traders Wrecked As Trump’s Tariffs Spark $2 Billion Liquidation The price movement has been the subject of speculation, with some positing that external factors, rather than organic selling pressure, were responsible. “The move yesterday was manipulated” Let me explain my thoughts and why I was somewhat confident to call a low within 3 minutes last night (read until end) Using $XRP for example I think yesterday was a cohort effort of market makers to simultaneously let altcoins fall into… https://t.co/WOW4EB3QAE pic.twitter.com/y6ngsHrxl8 — Dom (@traderview2) February 3, 2025 Market Professionals Express Apprehension Regarding Manipulation Among the first to spot anomalies in XRP’s price behavior was crypto analyst Dom. He noted that the price drop followed an odd trend whereby liquidity seemed to disappear during the last leg of the collapse. He thinks it is possible that market players purposefully delayed buy-side liquidity, allowing the price to collapse and then tactically running purchase orders at reduced levels to profit on the comeback. “I don’t want to resort to conspiracy but if you think that move was “natural”, think again. It simply looks to me like a cohort effort to crash altcoins WHILE filling their own bids,” Dom said on X. Furthermore notable was the fact that the drop in XRP did not seem to be isolated. Another market guru, Vincent Van Code, noted over the same period that Bitcoin, HBAR, and several other cryptocurrencies had quite comparable price swings. This spurred questions about coordinated market behavior or automated trading. The Mysteries Are Further Complicated By Synchronized Market Movements Unless there are outside factors actively impacting price behavior, there is a statistically little chance that several cryptocurrencies would see the same sharp collapse and recovery in the same time periods. Although algorithmic trading sometimes creates correlation across assets, experts argue that the accuracy of these movements suggests a deeper degree of coordination. Dom emphasized that although panic selling and abrupt liquidations may be factors in these declines, the event’s structure and pace make it unlikely that natural market forces were the only factor. It is possible, Dom said, that market makers are manipulating XRP to accumulate it at discounted prices, if they do indeed remove liquidity to facilitate a price decline. “Whether that was the low or not, these players are UP BIG!,” the analyst said. Related Reading: Trump Meme Coin Faces Criticism, But Cathie Wood Sees A Bold Future What This Means For XRP Investors This incident reminds XRP holders of the volatility of cryptocurrency markets. Whales or institutional players may be abusing their power when there are abrupt price drops and recoveries. Investors should employ prudence when dealing with unpredictable markets and consider using tools like stop-loss orders to lower their risks. XRP has subsequently returned beyond $2, but the question of whether this was a planned move or a normal market correction is still up for debate. Featured image from Gemini Imagen, chart from TradingView
In the past few days, Bitcoin (BTC) has withstood two key developments that could have derailed the cryptocurrency’s bullish momentum. Given Bitcoin’s resilience, analysts are now predicting a new BTC all-time high (ATH) in the coming weeks. Bitcoin Defies DeepSeek Sell-Off, FOMC Uncertainty Earlier this week, US stocks took a hit after Chinese AI firm DeepSeek unveiled its open-source LLM, raising concerns over the high market valuation of its American counterparts. As a result, the S&P 500 saw a strong sell-off, with NVIDIA leading the losses, dropping 16% in a single day. Related Reading: Bitcoin Holds Steady Amid NASDAQ Decline, Analyst Calls It ‘Extremely Bullish’ Similarly, in its latest meeting, the Federal Open Market Committee (FOMC) left interest rates unchanged, in line with market expectations. While the hawkish stance was expected to deal another blow to crypto markets, BTC remained relatively unscathed after an initial dip. At the time of writing, BTC is trading at $105,839, having essentially recouped all its losses from the DeepSeek-induced market crash. In fact, BTC has outperformed the S&P 500 over the past five days, surging 1.53%, compared to the latter’s 1.25% decline. New BTC ATH In February? Seasoned crypto trader Pentoshi commented on BTC’s strength, saying that the digital asset has held up well despite the turmoil. The trader added that they see no reason why BTC shouldn’t hit a new ATH soon. Another Bitcoin enthusiast, Castillo Trading, noted that Bitcoin’s price structure “looks flawless.” They added that both lower- and higher-time frames suggest that BTC will likely go higher. Related Reading: Bitcoin May Target $145,000 To $249,000 Under Trump Administration: Report In a similar vein, crypto trader and entrepreneur Michael van de Poppe said that the market will likely see a new BTC ATH in the ‘coming weeks,’ potentially hinting at February as the target month. Further, crypto trader Roman shared the following chart, commenting that “Stoch & RSI have plenty of room to break $108,000 resistance and head higher.” They added that bullish divergence on BTC is also playing out nicely. For the uninitiated, both Stochastic Oscillator (Stoch) and Relative-Strength Index (RSI) are momentum indicators that help traders identify whether the underlying asset is oversold or overbought in current market conditions. While projections for a new BTC ATH may be focused on the short-term, market cycle peaks are expected to occur in the summer of 2025. For instance, a recent report by Bitfinex forecasts that BTC could surge to $200,000 by mid-2025, amid shallow price pullbacks. Meanwhile DeepSeek predicts that BTC may top out between $500,000 and $600,000 by Q1 2026. At press time, BTC trades at $105,839, up 3.1% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
Yesterday, the NASDAQ slid 3% as China’s low-cost AI model, DeepSeek, sent shockwaves through the tech industry, triggering a steep sell-off in US chipmakers. While Bitcoin (BTC) also dipped to a low of $97,777, the flagship cryptocurrency has since recovered most of its losses, trading above the key $100,000 price level. Bitcoin Holding Strong Despite NASDAQ Sell-Off Bitcoin’s resiliency amid the stock market sell-off is ‘extremely bullish’, says Bitwise’s European Head of Research, Andre Dragosch. They highlighted that the leading digital asset has outperformed NASDAQ over the past two days and is currently showing limited downside risk. It is worth noting that BTC has gained close to $5,000 since yesterday’s dip to $97,777, trading at $102,758 at the time of writing. In contrast, the S&P 500 closed yesterday’s last trading session down 1.5%. Related Reading: Bitcoin Profit-Taking Drops 93% From December Peak – What’s Next For BTC? The decoupling between BTC and the stock market is further evidenced by differing investor sentiments. According to the ‘Fear & Greed Index’, the stock market currently sits at 44/100, indicating lingering fear among investors after yesterday’s market downturn. Conversely, the Index’s reading for the crypto market stands at 72/100, suggesting a sentiment of greed toward digital assets. However, this could also indicate that the crypto market is lagging behind the stock market and may experience a further drawdown while the stock market seeks stability. Meanwhile, Keith Alan, co-founder of Material Indicators, shared a post on X, viewing BTC’s brief slump as a dip-buying opportunity and adding to his BTC position. Alan noted: That wick to $97,750 should not shake your confidence in this Bitcoin bull run, but it should remind you that a deep correction can, and most likely will, develop when the market gets over hyped. Similarly, seasoned crypto trader and analyst Rekt Capital shared insights on Bitcoin’s current price momentum, stating that it is “still relatively early” in BTC’s parabolic phase for this market cycle. Historically, this phase has lasted about 300 days on average, and BTC is currently at day 82. BTC Top Not In Yet? Although BTC reached a new all-time high (ATH) of $108,786 on January 20, some analysts believe the top is not yet in for the cryptocurrency. According to analysis by Stockmoney Lizards, BTC could reach a cycle peak of $400,000 by November 2025. Related Reading: Bitcoin Price Forecast Of $150,000 ‘Too Low’ Amid Rising Adoption, Crypto Trader Says A further rally for BTC seems plausible, as ‘whales’ have started accumulating the cryptocurrency since Donald Trump’s inauguration. Other projections suggest BTC may peak at $249,000 under the Trump administration. On a longer-term horizon, BTC could reach as high as $1.5 million according to Metcalfe’s Law. At press time, BTC trades at $102,758, up 1.1% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
The so-called memecoins, initially dismissed as something of a passing internet joke, now seem to have a big possibility of turning into a more serious asset class in the crypto space. According to analysts, by 2030, these coins are likely to experience significant maturation, transitioning from speculative plays into recognized components of the financial ecosystem. Related Reading: New Ethereum Addresses Hit 200K: What’s Behind The Massive Spike? Current Status Of Memecoins Currently, memecoins like Dogecoin and Shiba Inu are primarily fueled by social media hype and speculative trading. Their value can be extremely volatile, influenced by online trends and celebrity endorsements. Such volatility has created skepticism about their long-term sustainability. Pathways To Maturity However, a number of events are still needed to develop these memecoins. The utility must go beyond speculation; having real-world uses such as acceptance in making payments or utility in decentralized finance, can contribute to their credibility. Regulation can provide clarity over what is secure and hence help facilitate further investment while improving the market’s reception for the memecoin. Maintaining a strong hold of the community will also help, by regularly conveying transparency into their development, the analyst claims. The way value is assessed in the meme coin market is similar to that of the art market. Both markets legitimize intangible value through narrative. If the very foundation of the meme coin market is considered a scam, then, by the same logic, the art market must also be viewed as… https://t.co/TAlmfGxByI — Ki Young Ju (@ki_young_ju) January 26, 2025 Analyst’s View Ki Young Ju, CryptoQuant Chief Executive Officer, says that the value of memecoins is no different from the value of art because it is founded on collective belief and narrative. He believes that memecoins will eventually go through a “disillusion phase” before maturing gradually. To him, it is possible for memecoins to stabilize and even become legitimate pieces of the crypto ecosystem by 2030. Market Projections Recent study indicates that memecoins are taking center stage in the cryptocurrency market. Their market share increased from 0.87% to 2.58% in the third quarter of 2024. This might increase to 3.54% by 2025 and 7.81% by 2030, according to projected data, indicating a significant increase in market value and daily trading volumes. Obstacles Along The Way Despite optimistic predictions, memecoins encounter a number of challenges as they mature. Investors are at risk due to their intrinsic volatility and lack of intrinsic value. Moreover, the need for technological advancements to improve scalability and security is paramount. Related Reading: Want To Get Rich? Here’s How To Create A Coin Like XRP From Scratch—Expert Regulatory ambiguities also loom large, with the possibility of heightened scrutiny that might affect their adoption and growth. The Road Ahead For Memecoins The transition of memecoins from online memes to sophisticated financial instruments is extensive. Through strategic advancements in utility, regulatory adherence, and community involvement, they may become essential components of the cryptocurrency market by 2030. The maturity of memecoins is a trend deserving of attention as the cryptocurrency environment evolves. Featured image from Medium, chart from TradingView
As Bitcoin (BTC) surges past $100,000 once again, edging closer to a new all-time high (ATH), most crypto analysts predict the premier cryptocurrency will peak around $150,000 during this market cycle. However, some experts argue that such a target is “too low” for BTC, considering its growing adoption and evolving market dynamics. $150,000 Target Too Low For Bitcoin Crypto trader Alex Becker recently took to X to share his thoughts on Bitcoin’s price momentum. The trader said that although the consensus points to BTC peaking at $150,000 this cycle, he believes that the target is “way too low and way too short.” Related Reading: Bitcoin Primed For A Major Rebound Following ‘Final Capitulation,’ Analyst Predicts Becker argued that at $150,000, Bitcoin’s market capitalization would only represent one-sixth of gold’s, leaving significant room for growth. He described the idea of BTC reaching merely one-sixth of gold’s market cap as “silly low.” At the time of writing, Bitcoin’s total market cap stands at $2.06 trillion. In comparison, gold commands a significantly larger market cap of approximately $18.5 trillion. As for why, the trader noted that unlike past market cycles, things are vastly different for BTC during the current cycle. The top cryptocurrency is poised to benefit from favourable regulations under Donald Trump’s administration, alongside increasing adoption by corporations and sovereign nations as a store of value. Becker projects that, driven by these factors, BTC could peak anywhere between $250,000 and $400,000. His outlook aligns with that of crypto analyst Will Clemente. In a recent post on X, Clemente noted that if a nation adopts Bitcoin as a strategic reserve asset, it could trigger a domino effect, compelling other countries to follow suit. Clemente elaborated: Once a nation adopts BTC as a strategic reserve asset, it becomes inherently nationalist to DCA into said asset. Then apply this to every nation on Earth that wants to keep its purchasing power simultaneously in game theoretic fashion. BTC Supply Crunch Nearing? As more corporations add Bitcoin to their balance sheets and speculation grows about the potential establishment of a US strategic Bitcoin reserve, the active supply of BTC may come under pressure. Related Reading: Bitcoin Reserve Idea Sparks Cautious Response From Japan PM: Report Crypto analyst Miles Deutscher recently pointed out in an X post that Bitcoin balances on crypto exchanges have hit a fresh seven-year low. Historically, reduced exchange supply correlates with sharp, parabolic price increases for the asset. Other projections estimate BTC could reach a peak of around $200,000 by the summer of 2025. At press time, Bitcoin is trading at $103,973, up 5.7% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
The US House of Representatives has named the vice chair who will lead the Congressional subcommittee tasked in overseeing policies and proposed measures involving crypto. The lower chamber of the US Congress recently announced subcommittee assignments for the 119th US Congress ahead of the upcoming inauguration of President-elect Donald Trump who pledged during the campaign to […]
The Open Network (TON) Foundation, closely associated with Telegram, is setting its sights on an ambitious expansion in the United States. This strategic move comes amid expectations of a more favorable regulatory environment under the incoming administration led by Donald Trump. TON Foundation Appoints Manny Stotz As New President The foundation announced the appointment of […]
In a recent interview with CNBC’s Squawk Box, outgoing US Securities and Exchange Commission (SEC) Chair Gary Gensler offered a nuanced perspective on the digital asset landscape, particularly focusing on Bitcoin (BTC) and the broader crypto market. His remarks come amid increased scrutiny of the industry, which has faced regulatory challenges and calls for greater […]
Analysts are enthusiastic about the potential for a substantial increase in XRP, which has resurfaced in the public eye. Ali Martinez, a crypto expert, has emphasized the token’s recent price movement, describing it as “one of the most bullish scenarios” in the current market. Is this the catalyst that XRP investors have been anticipating? Related Reading: Ethereum Whales Absorb $1 Million Loss As Market Caution Intensifies XRP Technical Structure At A Glance Martinez’s optimism is a result of XRP’s retest of the upper boundary of an isometric triangle on its four-hour chart. XRP’s capacity to maintain its position above this critical level is generating optimism for an upward advance, as this technical pattern frequently indicates the potential for a breakout. Although some skeptics advise against relying solely on patterns, the retest is consistent with broader trends that suggest a bullish momentum could be in the offing. XRP has experienced a 13% increase in value in the past 24 hours, with a current price of $2.87 as of January 15, 2025. $XRP has one of the most bullish setups in crypto right now after the recent retest of the breakout zone! pic.twitter.com/YPjgv2MPzF — Ali (@ali_charts) January 14, 2025 Breaching A 7-Year Trend Analysts have noted that XRP’s continuous performance in the face of market uncertainty sets it apart from many other altcoins. Investors seeking to make big bucks in an otherwise volatile market may feel more confident as a result of the altcoin’s current setup. XRP just broke out of a seven-year trend, reaching nearly $3.0 in December 2024 and retesting the breakout on January 12. Successful retests, according to analysts such as Martinez, are strong markers for a verified price breakout, which fuels traders’ optimism. Martinez forecasts that XRP will break past its all-time high of $3.40, indicating a bullish run in the offing. This projection has piqued the interest of investors who want to test if the coin can maintain its upward trend. XRP Growth Trajectory Along with technical analysis, Ripple’s initiatives to transform financial institutions have a significant impact on XRP’s trajectory. One of the biggest factors influencing XRP’s long-term potential is the company’s commitment to blockchain-based cross-border transaction solutions. Recent court decisions and regulatory clarity in several jurisdictions, according to market observers, have improved the prospects for the token. Related Reading: Rebound Alert: US Bitcoin ETF Interest Picks Up Speed In 2025 Investing With Prudence Experts advise caution despite the obvious excitement surrounding XRP’s bullish setting. Rapid swings are nothing new to the cryptocurrency market, and sometimes what looks like a breakout turns out to be an unexpected pullback. Although Martinez’s study highlights a great possibility, seasoned investors understand the need of diversification and risk control. Featured image from Invezz, chart from TradingView
In a recent interview with CBS News, JPMorgan CEO Jamie Dimon reiterated his longstanding skepticism toward Bitcoin, stating, “Bitcoin itself has no intrinsic value.” Bitcoin’s Resilience Amid Dimon’s Doubts Dimon emphasized the cryptocurrency’s alleged association with illegal activities, including money laundering and human trafficking, which he believes tarnishes its reputation. “I just don’t feel great […]
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, […]
One of the biggest breaks for crypto could be the possible elimination of the Internal Revenue Service. At least, this is the proposal being pushed by a US lawmaker. Rep. Earl “Buddy” Carter has sparked controversy with his latest plan to get rid of the IRS and replace the current US tax law with a […]
In response to a phishing operation especially meant to target users of the cryptocurrency exchange Coinbase, David Schwartz, Chief Technology Officer of Ripple, has issued a warning to the XRP community. This warning is a result of ongoing efforts to protect crypto holders against the growing complexity of newly developed schemes in the realm of […]
Jeremie Davinci, a prominent player in the cryptocurrency domain, has garnered attention with his audacious forecast that Bitcoin may attain an extraordinary value of $350,000. This forecast, lately disseminated on social media, is predicated on historical trends and the present dynamics of Bitcoin mining expenses. Related Reading: $7,000 Ethereum In Sight? Expert Breaks Down The Potential Path The current expense for miners to generate one Bitcoin is approximately $70,000. Davinci indicates that historically, under positive market conditions, Bitcoin has frequently surpassed its mining cost by a ratio of five. This association indicates that, if historical trends persist, a price of $350,000 is feasible. The Cost Factor Of Mining The basis of Davinci’s approach is the relationship between mining costs and market price of Bitcoin. The mining process requires electricity and advanced technology among other resources. These costs build the basis for Bitcoin’s value as they rise. Currently spending over $70,000 to extract one BTC, miners may open the path for significant price increases in the future, claims Davinci. It costs miners about $70k to produce 1 #Bitcoin now, less with better hardware or cheap energy. In past bull markets, Bitcoin’s price has hit over 5x the mining cost. Huge potential ahead! — Davinci Jeremie (@Davincij15) January 11, 2025 He underscores that this forecast lacks a defined timescale and instead embodies an optimistic perspective grounded in historical performance. He asserted, “Significant potential lies ahead!” in reference to Bitcoin’s future price trajectory. Bitcoin: Institutional Impact And Market Forces Davinci’s prognosis is set against a landscape of growing institutional interest in Bitcoin. Prominent corporations have commenced the acquisition of substantial quantities of BTC, indicating assurance in its long-term growth prospects. Companies such as BlackRock and MicroStrategy have made substantial investments in Bitcoin, contributing to the optimistic feeling around the cryptocurrency. In addition, the recent halving event in April 2024 cut the block payment for miners to 3.125 BTC. This made it harder for new coins to enter the market. Around 19.9 million Bitcoins have already been mined, leaving less than 2 million to be made. This could cause prices to rise as long as people want them. A Prudent Optimism Although Davinci’s projection is undeniably ambitious, it is crucial to regard such forecasts with prudence. The bitcoin market is famously unstable and can undergo significant fluctuations in value. Analysts have observed that although Bitcoin may realize considerable increases over time, it has also had huge corrections in previous cycles. Related Reading: Bitcoin To Challenge Gold: Expert Sees US Taking The Lead As we approach 2025 and beyond, numerous investors are closely observing how these dynamics will develop. The interplay between mining expenses, institutional acceptance, and market mood will be a major determining factor in ascertaining the feasibility of Davinci’s prediction. Bold predictions like Jeremie Davinci’s are being debated as the crypto market continues to evolve. His forecast of Bitcoin reaching $350,000 reflects both reliance on historical trends and a sense of optimism. Featured image from Reuters, chart from TradingView
The push for crypto adoption is getting stronger as individual states explore plans to use state funds to buy Bitcoin. North Dakota is the latest state to join the conversation after both houses approved the recommendation. Related Reading: Could Germany’s Bitcoin Push Set A New Standard In Digital Currency? Under House Concurrent Resolution No. 3001, […]
XRP has taken the spotlight as Linda P. Jones, a well-known figure in finance, recently sparked conversations within the cryptocurrency community. Her remarks about the altcoin’s potential price movement have generated significant buzz, drawing attention to the digital asset’s future prospects. In a recent podcast session, she discussed the conjecture over her opinion that XRP might attain a value of $100. She said that certain media outlets misconstrued her comments. Related Reading: $7,000 Ethereum In Sight? Expert Breaks Down The Potential Path Clarifying Misunderstandings Jones explained that she never provided a timeframe for when XRP would hit $100. She urged her audience to concentrate on the overall context of what she was delivering rather than getting sucked into dramatic headlines. Her purpose was to foster discussion about long-term potential within cryptocurrencies such as XRP and not to try to predict their short-term value. Today’s Be Wealthy & Smart podcast: Discover if I said XRP was going to $100 this year (and if I didn’t say it, what I did say).https://t.co/F9BT3vJKmk#BeWealthyandSmartPodcast #podcast #investing #investingpodcast #invest #financial #XRP #Crypto — Linda P. Jones (@LindaPJones) January 10, 2025 Historical Context And Current Value Jones talked about her investment journey in terms of how much $100 worth of XRP could buy. She could buy about 400 units at $0.25 each with the money she put in. Today, she can see that the same amount of money will only buy about 44 XRP, which are worth about $2.20 each. XRPUSD is currently trading at $2.47. Chart: TradingView The Future Of XRP With the current trading price, Jones remains optimistic about the future of XRP. She highlighted that current changes in regulation can create a better environment for cryptocurrencies. Over time, once governments and financial institutions begin to take on digital assets, it will be an upward price trajectory. According to Jones, the more people become knowledgeable and accept cryptocurrencies, assets such as XRP will become critical in the financial world. Related Reading: XRP Scores A Lower High Break On Daily – ATH Next? She also added that, usually, historical trends in the cryptocurrency space often have dramatic price increases right after periods of regulatory clarity and general market acceptance, giving the investors a chance to look beyond immediate price fluctuations and towards the long-term viability of their investment. As the year 2025 progresses and people’s ideas about digital assets change, Jones’s views will continue to shape talks about the future of altcoins. Even though it’s not clear if XRP will be able to reach such high prices, investors and fans will be closely following its progress. Featured image from Forbes, chart from TradingView
Cryptocurrency is gaining a foothold in a Southeast Asian country after several local banks team up to launch a new stablecoin for its citizens to invest into digital assets. Four Philippine banks are preparing to introduce a multi-bank stablecoin to further allow Filipinos to become part of the cryptocurrency landscape, revolutionizing the country’s cross border […]
German policymakers are ramping up their efforts to integrate the blockchain and Bitcoin into its financial system. In a recent Blockchain Roundtable hosted by Fraktion der Freien Demokraten and Frank Schäffler, parliament members and resource persons explored a few key proposals that can help the government achieve its objective. Related Reading: Bitcoin Experiences Sharp Capital […]
Bitfinex Derivatives has taken a big step forward by getting a Digital Asset Service Provider (DASP) license in El Salvador. With this move, the platform can now offer more derivatives trading services in Latin America. With this license, Bitfinex plans to take advantage of El Salvador’s support for crypto to set up shop in the […]
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 […]
Bitcoin and crypto ETPs continue their impressive performance just a week into the new year. According to a CoinShares report filed by James Butterfill, crypto ETPs saw massive $585 million inflows in the first few days of the year. Analysts say this early strong performance of the crypto ETPs continues the impressive run of the assets from last year. Related Reading: SUI Skyrockets: Bullish Momentum Drives Push Toward $6 In the same CoinShares report, crypto ETPs achieved over $44 billion outflows in 2024, with Bitcoin as the most-traded digital asset. Bitcoin saw $38 billion in inflows, representing nearly 30% of all Assets in Management (AUM), while Ethereum picked up pace in the latter half of the year, with net inflows of more than $4.8 billion. Bitcoin ETPs Lead The Pack CoinShare’s James Butterfill shared these findings on the performance of crypto ETPs on the company’s official site and social media pages. The report explained that Bitcoin ETPs were the preferred digital investment product, cornering $38 billion of all Bitcoin AUMs of global ETPs. 2024 saw US$44bn inflows in to crypto ETPs, 2025 off to a good start with US$585m inflows so farhttps://t.co/OczGDBUdph — James Butterfill (@jbutterfill) January 6, 2025 Ethereum ETPs ranked second, receiving roughly $4.8 billion in inflows in 2024, representing 26% of all ETH AUMs of global ETPs. The ETP’s inflows this past year are 2.4 times bigger than what was recorded in 2021 and 60 times bigger than in 2023. Ethereum beats Solana regarding inflows in 2024, with just $69 million, representing only 4% of all assets under management. While Solana’s numbers are small relative to Bitcoin and Ethereum, it still leads all other altcoins. Approval Of Spot ETFs Helps Increase Inflows The industry saw record-breaking inflows in 2024, which is better than what the bull market experienced in 2021. In 2021, cryptocurrency investment products recorded more than $10 billion in net inflows. In short, last year’s inflows were 4x bigger than the recorded amount in 2021. According to Bufferfill, the surge in global crypto investment products benefited from the US’ approval of spot ETFs for Bitcoin in January 2024. In January 2024, the US Securities and Exchange Commission approved 11 applications for spot Bitcoin ETFs, which were followed by eight spot ETFs for Ether on May 22nd. According to recent data, these spot Bitcoin ETFs are the main reasons for the inflows in Bitcoin-related investments. Butterfill also explained that these ETFs will redefine the inflows for crypto investments in the future. Related Reading: Dogecoin To Hit $1? Expert Calls It A Realistic Goal For 2025 – Here’s Why Better Days Ahead For US Bitcoin Spot ETPs Aside from CoinShares, Galaxy Digital also offered a rosy picture of the future of the crypto investments industry. In a report shared last December 31st, 2024, the company boldly predicted that the US spot ETPs market will continue to soar in 2025. The report indicated that this niche will reach $250 billion in AUMs this year. Meanwhile, Alex Thorne of Firmwide Research said Bitcoin ETPs are closing in on US gold ETPs in total value of assets under management. Thorne added that Bitcoin will continue to become one of the top-performing assets on its risk-adjusted basis. Other analysts shared that Ether’s spot ETPs will also surge this year. The Ethereum blockchain will benefit from a Trump presidency and favorable regulatory changes. Featured image from OneSafe, chart from TradingView
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 […]
Bitcoin’s price skyrocketed to crazy new highs in 2024, leaving the financial world pretty stunned. It hit $108,000, which is a massive 124% jump for the year. That kind of climb pushed Bitcoin up to become the 7th biggest asset in the world by market value. It’s now sitting ahead of heavyweights like silver and […]
A crypto research platform anticipates that several cryptocurrency tokens will be unlocked within January this year with an estimated value of $7.2 billion. The think tank says the multi-billion-dollar token unlocking is a considerable amount, noting that it could have an impact on the cryptocurrency market. Related Reading: Crypto Survival Mode? Bitcoin Mining Giant Lends […]
A top executive of the largest cryptocurrency index fund firm expressed optimism about the impact on economic policies on the digital asset sector upon the official return of Donald Trump to the White House this month. Bitwise Asset Management CEO Hunter Horsley recently provided fascinating insights on how the Trump administration could transform the cryptocurrency […]