The maker of energy-management systems announced a bitcoin-buying strategy in December.
A survey reveals Trump memecoins drew first-time investors to crypto, spurring adoption but raising concerns over political tokens’ long-term effects on the market.
Its the 11th consecutive week of bitcoin purchases for the Michael Saylor-led company.
MicroStrategy's aggressive Bitcoin acquisition strategy underscores its commitment to cryptocurrency, potentially influencing market dynamics and investor sentiment.
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The U.S. SEC's Hester Peirce is set to lead a crypto task force to "set the SEC on a sensible regulatory path."
Mark Cuban, the billionaire entrepreneur and vocal crypto commentator, has criticized the crypto community’s embrace of Donald Trump’s memecoin launch. Cuban voiced his concerns on X (formerly Twitter), where he dismissed the idea that Trump’s memecoin debut is a positive milestone for the industry. Instead, he argued that the digital asset reinforces a culture of […]
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LMAX Group CEO David Mercer sheds light on how Wall Street prime brokers could help drive crypto next phase of expansion.
ZachXBT, a well-known blockchain investigator, has reportedly cashed out $4 million from a memecoin linked to his name. Onchain data reveals surprising details about this move, sparking talks in the crypto community. This bold move offers a glimpse into ZachXBT’s shifting views on money and priorities. Key Details of the Transaction A memecoin named “ZACHXBT” …
Switzerland’s Crypto Valley reached $593 billion in valuation with 17 unicorns in 2024, capturing 29% of European blockchain funding and showing significant growth.
Riot Platforms has been engaged in preliminary discussions with potential AI/HPC counterparties for several months.
Memecoins underperform the broader crypto market after double-digit daily losses fueled by sharp drops in TRUMP and MELANIA tokens.
TRUMP, the memecoin launched by Donald Trump ahead of his return to the White House, celebrates his ideals and attracts millions of investors.
In a move that dashed high-flying expectations, US President Donald J. Trump ended his first day in office without issuing any crypto-related executive orders or referencing the much-touted Strategic Bitcoin Reserve he had teased during the Bitcoin 2024 conference in Nashville. Bitcoin’s price, which had surged to nearly $110,000 on hopes of a landmark announcement, retreated swiftly once it became clear the inauguration address would offer no explicit nod to digital assets. What Next For The Bitcoin Price? Now, with BTC hovering in what analysts describe as no-man’s land, the market looks to the White House for any indication that Trump’s earlier pro-Bitcoin rhetoric might translate into action. Crypto analyst CRG (@MacroCRG) encapsulated the uneasy sentiment on X , claiming that “crypto feeling a bit directionless” could quickly change if Trump simply mentions Bitcoin. Related Reading: Analyst Says Bitcoin Price Could Retest Substantially Below $100,000 If This Level Fails CRG argued, “but all its gonna take is 1 mention from Trump and it sends IMO. Trump’s team bought 9 figs of crypto yday, won’t be long until they start blasting hopium.” Some observers maintain that Bitcoin’s overarching technical indicators remain favorable. Markus Thielen, a researcher at Matrixport, commented on X that “since mid-November, Bitcoin has been trading within a narrowing wedge,” stifled by conflicting signals—ranging from higher inflation data to hopes of a supportive White House. Related Reading: 1 Million Bitcoin Pulled From Exchanges In The Past 3 Years: What It Means For The BTC Market According to Thielen, Trump’s inauguration served as a catalyst for Bitcoin to break out of that wedge, but whether this breakout can hold depends on BTC maintaining support around the upper boundary. “Bitcoin is now retesting the breakout level, which corresponds to the upper boundary of the wedge. If Bitcoin holds above this key support, the short-term outlook remains highly bullish, with the breakout signaling renewed upward momentum,” Thielen writes. Renowned analyst Rekt Capital (@rektcapital) pointed out on X that Bitcoin managed to retest key levels, notably at $101,000. While the market saw a harsh rejection from its range high, Rekt Capital emphasizes that this retest of both the “red diagonal” and the “black Range Low” is a strong sign that BTC might consolidate in the $101,000-$106,000 corridor before potentially marching higher again. Meanwhile, trader Crypto Chase (@Crypto_Chase) hinted at a willingness to go long if Bitcoin dips to around $99,500. He noted: “I’d take a long from 99.5K~ if offered. I think gray box needs to hold for local bullishness and sweeping all the Trump leadup / news PA makes sense. I’d also accept a sweep of the 97K low, but that’s farthest it should go. Any good amount of time spent past 96-97K and my plan / read is likely off. Inval low 90’s, aiming for new ATH’s. 3R~ trade.” Despite Wednesday’s disappointment, many believe the president’s pro-Bitcoin stance remains intact. David Bailey, CEO of BTC Inc. and a key figure in Trump’s shift toward a more Bitcoin and crypto-friendly position, took to X today, revealing: “Got confirmation tonight that our EOs are among the first 200. I have no idea what made it in, but good news cometh.” Bailey also stated these include “EOs related to Bitcoin or crypto,” leaving open the possibility of a sudden policy bombshell. Should such an order materialize, markets could quickly pivot back into bullish territory. For now, however, traders and investors remain in limbo, awaiting that elusive official statement or executive order—from the White House that might reignite Bitcoin’s momentum. At press time, BTC traded at $103,182. Featured image created with DALL.E, chart from TradingView.com
Small investments in the crypto market have always presented a great source of opportunity, and the returns could be life-changing. Investors are searching for the best altcoins to provide an explosive increase, as 2025 is already here, and the market is ready for another possible bull run. Rexas Finance (RXS) is one of the rising …
Stablecoin issuer Circle has acquired Hashnote, a tokenization startup incubated by Cumberland Labs, for an undisclosed sum.
As the legal battle between Ripple and the SEC continues, many investors are eagerly awaiting the outcome. Legal expert John Deaton recently weighed in, offering details into what could happen next, especially in light of the recent developments surrounding the case. No Strong Reason for SEC to Appeal On the Good Morning Crypto Show, Deaton …
The official Department of Government Efficiency website now sports a dogecoin token logo.
Your day-ahead look for Jan. 21, 2025
Dogecoin rallied after Elon Musk’s Department of Government Efficiency launched its official US government website displaying the dog-themed cryptocurrency’s logo.
In a recent development, Virtune, a Swedish crypto asset manager, has launched Finland’s first crypto exchange-traded products on Nasdaq Helsinki, making it easier for Finnish investors to invest in crypto directly in euros. The launch includes five different ETPs, all physically backed and fully collateralized, the asset manager noted in a press release. Christopher Kock, …
The altcoin industry, led by Ripple Labs’ XRP, has experienced heightened volatility in the past 24 hours following the inauguration of pro-crypto US President Donald Trump on Monday. As Bitcoin (BTC) price retests crucial support level above $100k, more crypto investors are shifting their focus to the altcoin industry in anticipation of an altseason in …
The United States government’s official website for the Department of Government Efficiency (DOGE) has gone live and prominently displays the Dogecoin logo. This update coincides with a 10% increase in Dogecoin’s price, rising from $0.35 to $0.38 within a minute, bringing its market capitalization to approximately $56.5 billion. The DOGE website features the Dogecoin logo […]
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Discover the MELANIA coin by Melania Trump, a trending meme token. Understand its purpose, allocation and significance in the crypto space.
Currently, bitcoin is up approximately 550% from the cycle lows, which aligns with previous cycles.
A day before the inauguration of Donald Trump, Gary Gensler, as promised, resigned from the post of the chairman of the Securities and Exchange Commission. Mark Uyeda, a pro-crypto Republican, has been appointed as the interim chairman of the US regulatory body by newly inducted US President Donald Trump. Importantly, many believe that this change …
Blockchain is a strange beast. Few technologies have endured so many fad-style phases, such as the NFT artwork craze and memecoin cycles, yet have such a powerful foundation that they continue to develop and evolve new value across industries. While for some of the mainstream the term “blockchain” is associated only with crypto coins or …
The Solana blockchain is experiencing rapid growth in stablecoin activity, with over $3 billion in new inflows recorded within the last four days. Data from DefiLlama shows the total stablecoin holdings on the network jumped from $6.1 billion on Jan. 17 to $9.8 billion at the time of writing. This surge puts Solana close to […]
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United States prominent state Utah is taking a big step into the world of digital finance through its new bill, “Blockchain and Digital Innovation Amendments (H.B. 230).” This groundbreaking legislation could soon allow the state treasurer to invest public funds in cryptocurrencies, but only if they meet strict market cap or stablecoin standards. Utah to …
Dogecoin price action has entered a critical phase as technical indicators, particularly the Relative Strength Index (RSI), point to a continuation of bearish momentum. Following a consistent downtrend, the RSI has dipped below the neutral 50% level, signaling increasing selling pressure and waning bullish interest. This shift in momentum puts the $0.3 support level in the spotlight, a crucial price floor that could determine Dogecoin’s near-term trajectory. With market conditions showing limited upside potential, traders are focusing on whether DOGE can maintain its ground at $0.3 or if the bearish momentum will push it lower. This juncture marks a decisive moment, where the interplay of technical indicators and price action will reveal the strength or fragility of Dogecoin’s market structure. Dogecoin Bearish Outlook In Focus Market sentiment has taken a bearish turn for Dogecoin, with recent price action reflecting growing pressure from sellers. The shift in outlook is underscored by the cryptocurrency’s struggle to maintain higher price levels, accompanied by technical indicators such as the RSI trending lower toward oversold territory. This decline signals weakening buying momentum, leaving DOGE vulnerable to further downside movement. Related Reading: Dogecoin (DOGE) Dips: A Pause Before The Next Meme-Coin Rally? Dogecoin’s recent drop below the 4-hour Simple Moving Average (SMA) has reinforced the bearish outlook, indicating a possible continuation of downward momentum. The failure to hold above this key indicator suggests that selling pressure is gaining strength, pushing the price toward the $0.3 support level. Furthermore, the $0.3 support level now stands as a critical threshold for the market, with a break below potentially triggering additional price losses to test even lower support levels. However, if bulls can defend this level, it could set the stage for a consolidation phase or a recovery attempt. As the market navigates this uncertain terrain, it is advisable to watch out for any signs of reversal or stabilization at these levels to assess whether the meme coin can recover from this bearish phase. Navigating Volatility: What Traders Should Watch Next Since Dogecoin continues to experience significant volatility, the $0.3 support level stands as a crucial point to monitor. If the price reaches this level and fails to hold, a break below it might set the stage for more declines. Related Reading: Dogecoin Trades Within Multi-Year Ascending Channel – Expert Sets $15 Price Target After that, the next key support zone lies at $0.26, where a sustained downturn could find additional momentum. Should the selling pressure persist, DOGE would probably see a deeper correction, testing even lower levels. However, a firm hold of the $0.3 support will act as a foundation for a possible rebound. A successful defense of this level might signal a shift in market sentiment, with buyers stepping in to push the price higher, paving the way for a recovery toward the $0.4 mark and beyond. Featured image from Unsplash, chart from Tradingview.com
MicroStrategy shareholders approved two amendments to increase the number of authorized stock.