Circle CEO Jeremy Allaire expressed optimism about President Donald Trump’s potential to enact policies favorable to the crypto industry, including executive orders that could remove barriers to digital asset adoption, Reuters reported on Jan. 20. Speaking at the Reuters Global Markets Forum during the World Economic Forum in Davos, Allaire highlighted the urgency of reversing […]
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Ethereum (ETH) continues to lose ground to Bitcoin (BTC) as the latter’s dominance rises, with US President-elect Donald Trump set to take office later today. At the time of writing, the ETH/BTC trading pair stands at 0.031, marking a four-year low for the ratio. ETH/BTC Continues To Decline As Trump Focuses On Bitcoin Over the past year, Bitcoin has appreciated by an impressive 158%, surging from approximately $41,000 on January 21, 2024, to $107,608 at the time of writing. The cryptocurrency has consistently reached new all-time highs (ATH) throughout the year. In contrast, Ethereum has delivered a modest return of approximately 35% over the same period and remains 32% below its November 2021 ATH of $4,878. Related Reading: Will Ethereum Bounce Back? Crypto Analysts Discuss Potential Price Recovery According to the weekly chart below from TradingView, the ETH/BTC trading pair — also referred to as the ETH/BTC ratio within the crypto industry — has reached a fresh four-year low. This decline has raised concerns about the likelihood of an Ethereum-led altcoin season. Currently trading at 0.031, the ETH/BTC ratio has erased all gains accumulated since March 2021. The pair peaked at 0.087 in December 2021, during the height of that year’s altcoin season. Since then, however, Ethereum, the second-largest digital asset by market capitalization, has experienced a steady decline against Bitcoin. In May 2024, the ratio fell below 0.054, a critical support level that had previously held firm in June 2022. Several factors have contributed to Ethereum’s underperformance, including Trump’s perceived preference for Bitcoin and the rising competition from rival smart-contract platforms like Solana (SOL). Unlike Bitcoin, Ethereum has struggled with adoption. Corporations worldwide are increasingly incorporating Bitcoin into their balance sheets, reinforcing BTC’s status as a premier digital asset. Additionally, speculation about the creation of a US strategic Bitcoin reserve has further bolstered the narrative around Bitcoin’s limited supply, driving its price higher. Conversely, Ethereum’s relatively high issuance rate has cast doubt on its “ultrasound money” narrative. Ethereum’s 2024 performance has also eroded confidence among some of its largest holders. Notably, an ETH whale recently sold 10,070 ETH at a $1 million loss, signaling waning investor trust. Will 2025 Change Ethereum’s Fortunes? While 2024 was a challenging year for Ethereum in terms of price performance, crypto analysts remain optimistic about the asset’s prospects in 2025. For example, a report by Steno Research predicts that Ethereum could surge to as high as $8,000 this year. Related Reading: Ethereum Poised For A Bullish Q1 2025? Here’s What Experts Say Similarly, crypto analyst Daan forecasts that the ETH/BTC trading pair could rise above 0.04 during Q1 2025. In December 2024, Ethereum exchange-traded funds (ETFs) experienced renewed interest from institutional investors, fueling hopes for significant capital inflows into the smart-contract platform. That said, Ethereum must first overcome strong resistance at the $4,000 price level. At press time, ETH trades at $3,368, down 1.3% in the past 24 hours. Featured image from Unsplash, Charts from TradingView.com
A crypto-friendly US government could form the base for new highs for Bitcoin and other digital assets.
Bitcoin (BTC) registered a significant recovery in the past week, jumping from the $90,000 price area to a new all-time high at $109,357.07 on Jan. 20. However, a new Bitfinex Alpha report warns that BTC’s upward momentum faces potential headwinds, as “sell-the-news” trading behavior looms large. Bitcoin’s rebound followed a steep decline to $89,698, which […]
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The project acquired $47 million worth of ether and $47 million worth of wrapped bitcoin, among other tokens, on Trump’s first day in office.
The expanding ranks of pro-Bitcoin presidents are boosting global optimism for crypto mass adoption.
Following weeks of declines, Ethereum (ETH) seems to have begun its recovery, closely tracking Bitcoin’s upward movement. As of today, ETH has reclaimed the $3,300 level, reflecting a 7.5% increase over the past week. This rebound has sparked renewed interest among market participants, who are closely watching Ethereum’s next moves, particularly in light of improving market sentiment and key metrics indicating the potential for further gains. Related Reading: Ethereum Price Faces Another Rejection: Will Momentum Return? Renewed Market Optimism Observed, Road To $3,500? A CryptoQuant QuickTake Platform contributor ShayanBTC recently highlighted that Ethereum is consolidating within a range of $3,200 to $3,500. According to Shayan, market dynamics around this price range suggest that a bullish breakout could be on the horizon. While funding rates—a critical indicator of market sentiment—initially declined, it has begun to rise again, signaling a renewed appetite for long positions and greater confidence in Ethereum’s near-term performance. As Ethereum edges closer to the $3,500 resistance level, the supply and demand dynamics at this price point are drawing significant attention. The presence of notable supply in this range emphasizes the importance of sustained bullish momentum for a breakout. Shayan has pointed out that the funding rates metric will be a key indicator to watch. If funding rates continue to rise, it could signify heightened market optimism, increasing the likelihood of Ethereum pushing beyond $3,5000. According to Shayan, for Ethereum to overcome this critical resistance, the futures market must maintain and strengthen its bullish sentiment. This will require not only a continued rise in funding rates but also an overall increase in long positions and trading activity. The interplay between these factors will determine whether Ethereum can achieve a decisive breakout, making the upcoming market action pivotal for traders and investors. Ethereum Market Performance And Outlook So far, Ethereum is currently trading for $3,346, at the time of writing with the asset recording an increase of 1.3% in the past day. Meanwhile, on the weekly time frame, Ethereum has surged by more than 10% in price suggesting a consistent upward momentum in the past 7 days. Related Reading: Ethereum Whales Double Holdings To 43% Post-Merge – Details However, despite this increase in ETH’s price, the asset is still roughly a 31.3% decrease away from its all-time high (ATH) of $4,878 registered in November 2021. Interestingly, despite this, some analysts are still quite bullish on Ethereum, especially with the new pro-crypto administration. A renowned crypto analyst on X known as Trader PA recently shared in a post a bullish pattern on ETH’s chart in which if ETH makes a breakout it could see a significant rally. Trump will send Ethereum to $5,000. He already bought $72mil in the past 48 hours. pic.twitter.com/PwzYj5byhC — TraderPA (@Trader1PA) January 20, 2025 Featured image created with DALL-E, Chart from TradingView
US Securities and Exchange Commission (SEC) Commissioner Mark Uyeda was appointed as the acting chair of the regulator by President Donald Trump action published on Jan. 20. Meanwhile, the SEC released a statement announcing the official resignation of Chair Gary Gensler. Uyeda will lead the regulator until June 5, 2026 — the date when Gensler […]
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Mark Cuban plans to launch a Trump-inspired meme coin, donating all proceeds to the US Treasury to help reduce national debt.
The post Mark Cuban announces Trump-inspired meme coin to pay down US debt appeared first on Crypto Briefing.
President Donald Trump has elevated Republican Commissioner Mark Uyeda to take over the SEC from a now-departed Gary Gensler.
Some Coinbase users report Solana transfers taking hours to clear on the crypto exchange.
The current market sentiment appears confusing due to the immense profit-taking in the past 24 hours. Amid this, XRP, the native token of Ripple Labs, seems promising and is poised for a massive upside rally, as long-term holders have shown strong interest and have been accumulating substantial amounts of tokens. Record $250 Million of XRP …
Trump appoints Mark Uyeda as acting SEC chair, replacing Gary Gensler, a move signaling new SEC leadership change and crypto policy focus.
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Memecoin traders struggle to sift signal from noise as dozens of imitators launch Trump-themed tokens.
Members of the US Commodity Futures Trading Commission also announced on Jan. 20 that Caroline Pham would serve as acting chair, filling two crucial regulatory roles.
Bitcoin hit new highs on Jan. 20, but data shows traders are neutral as the market waits to see if a BTC-friendly executive order is issued by President Trump.
World Liberty Financial (WLFI), the DeFi platform tied to President Donald Trump, has undertaken an aggressive push to diversify its crypto portfolio, spending more than $103 million on a mix of established and emerging digital assets. WLFI’s acquisitions represent a significant escalation of its activity since the conclusion of its successful presale, which raised $30 […]
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In a latest development, Rumble CEO Chris Pavlovski on January 20, disclosed that the firm had made its first Bitcoin purchase on January 17, in line with its $20 million treasury strategy. He suggested that this would be the first of many, though the exact amount purchased remains undisclosed at the time of writing. With …
Crypto is going to have a much harder time "legitimizing itself" following the frenzy that Trump's meme coin has caused, says Cuban.
World Liberty Financial, a DeFi platform associated with US President Donald Trump, purchased over $100 million in crypto tokens within just a few hours on Jan. 20.
In a latest development, Coinbase has announced support for the TRUMP token on the Solana network. Users must ensure transfers are made exclusively via the Solana network to avoid potential loss of funds. The token is now available for transfers in regions where trading is supported. Coinbase noted that it will add support for the …
Jeremy Allaire expects President Trump to issue several crypto-friendly executive orders.
The phrase 'how to buy crypto' garnered a 100 rating as a Google search term this past week, indicating potential retail interest.
"I don't know how borrowing money to buy bitcoin helps on any of Trump's platforms," Hayes said.
The ether allocation comes amidst leadership changes aimed at improving technical expertise, communication, and support for app builders.
A crypto analyst who accurately forecasted the Bitcoin price crash to $99,000 has now made another notable prediction for the pioneer cryptocurrency. While the analyst’s previously bearish projection was driven by volatility and waning market demand for Bitcoin, his new forecast sees the cryptocurrency skyrocketing to new highs above $110,000, fueled by its recent bullish performance. Bitcoin To Retest Key Support As Next Move From a technical perspective, TradingView crypto analyst R.Linda has pinpointed the range between $102,500 and $100,000 as a critical support zone for Bitcoin. The analyst highlights that if Bitcoin can retest and maintain a price above this zone, it could set the stage for a potential market rally to new ATHs of $120,000 in the mid-term. Related Reading: Bitcoin Upper Band Moves Above $105,400 – Where Price Is Headed Next According to CoinMarketCap, Bitcoin is currently trading at $108,594, experiencing a dramatic 4.65% rise in the past 24 hours. R. Linda suggests that this recent price rally may result from strong accumulation and growing investor confidence. Given Bitcoin’s growing momentum, the TradingView market expert has set new resistance levels at $103,600, $105,700, and $107,500. She believes a successful breakout from these levels could propel Bitcoin to retest new bullish targets between the $108,000 and $112,000 range. Despite correctly predicting the recent Bitcoin crash to $99,000, the analyst believes another failure to hold above the $100,000 mark could temporarily stall a price rally, with the possibility of a more resounding crash. R. Linda stated that Bitcoin may form a correction pattern, potentially experiencing a slight pullback to the 0.5 Fibonacci retracement level near $100,000, or even as low as $97,500. Moving ahead, Bitcoin’s overall trend remains bullish as long as its price quickly recovers from any projected declines and stays above critical support levels. The $102,500 level is highlighted as a pivotal price point expected to trigger Bitcoin’s bullish continuation. Bitcoin’s Current Market Condition According to R. Linda, Bitcoin surprised the market again by rallying more than 18% over the past week after surpassing previous support zones. The flagship cryptocurrency quickly reignited previous bullish sentiment after retesting “the panic and risk zone” when selling pressures significantly rose. Related Reading: Pundit Says Bitcoin Price Will Break Above $100,000 If This Happens This sharp price increase has been attributed to technical, fundamental, and macroeconomic factors. R. Linda has stated an increase in activity from institutional investors and the major players in the space. She suggested that Donald Trump’s inauguration as the President of the United States (US) and speculations about favorable crypto policies under his administration have also significantly contributed to Bitcoin’s recent rebound. The bullish combination has solidified Bitcoin’s position, creating a strong momentum that has attracted new buyers and increased institutional interest from players globally. R. Linda highlights that Bitcoin’s price action in the past three days suggests a strong consolidation and accumulation phase, where buyers aggressively defend the price area between $91,000 and $89,000. Featured image from Unsplash, chart from Tradingview.com
President Donald Trump closed his inaugural speech without even once mentioning Bitcoin (BTC) or crypto. Meanwhile, Punchbowl News reported that a document sent by Republicans outlining the White House’s new priorities also fails to mention digital assets and Bitcoin. The document does not reflect Trump’s views on the crypto industry, such as creating a Bitcoin reserve […]
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Trump’s World Liberty Financial (WLF) made another crypto purchase shortly after the swearing-in of Donald Trump as the 47th president of the United States. Trump's World Liberty(@worldlibertyfi) has bought 1,408 $ETH($4.7M), 177,928 $LINK($4.7M), 19.3M $TRX($4.7M), 13,261 $AAVE($4.7M) and 507K $ENA($470K) in the past 40 mins.https://t.co/tVqGcW4943 pic.twitter.com/XpC7Jvuxpx— Lookonchain (@lookonchain) January 20, 2025 The protocol’s wallet address …
President Trump’s key priorities for his second term include improving public safety, pursuing energy independence, promoting “American values” and cutting back on government excess.
Representative Maxine Waters did not mince words discussing Trump’s official memecoin, calling it a rug-pull scheme that left investors unable to seek legal action.