Bullish options pricing and renewed ETF inflows have analysts calling new highs for the largest cryptocurrency.
In the last 24 hours, the cryptocurrency market has seen a growth of 1.9%. At the time of writing, the crypto market cap stands at $3,763,980,625,636 and its 24-hour trading volume at $227,680,784,362. Almost all the top ten cryptos have experienced growth today. Bitcoin has grown by 2.7%, Ethereum by 1%, XRP by 2.8%, Solana …
As XRP, currently the third-largest cryptocurrency by market capitalization, navigates recent fluctuations, analysts and market experts are optimistic about its potential for significant price growth. After experiencing a brief dip toward $2.83 over the weekend, following an unsuccessful attempt to breach its all-time high of $3.40 set seven years ago, the sentiment surrounding XRP remains bullish. Market Expert Foresees XRP Propelling To $53 In a recent post on X (formerly Twitter), market expert and technical analyst Egrag Crypto shared encouraging price targets for XRP investors, suggesting that historical price patterns indicate a possible blow-off top that could drive the token into double-digit territory. Egrag highlighted three historical blow-off tops, demonstrating impressive percentage increases that XRP has experienced in the past: one saw a rise of 1,068%, another 2,636%, and a third recorded an increase of 406%. Related Reading: World Liberty Financial Raises $1B: Trump-Backed Crypto Venture To Extend Token Sales By analyzing these surges alongside corrective phases, Egrag Crypto formulated potential price targets for the next blow-off top for the altcoin, suggesting levels of $53, $32, and $9.70, all of them surpassing by clear difference the tokne’s current record peak. Egrag previously noted the importance of a critical price range between $4 and $5, indicating that once XRP reaches approximately $4.40, it will enter a “powerful energy field” that could significantly propel prices higher. The analyst emphasized that traders should closely monitor price action, candle formations, and oscillator behaviors in this range to determine whether the market is poised for a substantial rally or facing a potential correction. Despite the optimistic outlook, Egrag urged caution, stating, “I’m still feeling #BULLISHAF, but it’s crucial to remain level-headed when trading and investing, especially with #XRP.” He expressed concern that market dynamics might be encouraging retail investors to exit, which could be a strategy to enable the emergence of two-digit prices. Aiming For A 40% Surge Amid Impressive Monthly Performance Supporting this bullish sentiment, market analyst Ali Martinez has also weighed in on XRP’s trajectory, noting that the cryptocurrency has recently broken out of a bullish flag and is now targeting the $4.40 mark. Related Reading: Is It Time To Give Up On Ethereum Below $4,000? Analyst Weighs The Facts This indicates a near-term uptrend of nearly 40% for the altcoin, complementing its impressive monthly performance, which has already seen a surge of 43%. However, despite these positive figures, XRP is currently trading at $3.16, still 7.2% below its all-time high. The price levels of $3.35 and $3.40 have proven to be significant hurdles for the altcoin, representing crucial barriers that must be overcome to initiate a price discovery phase. On the downside, the token has established a significant price support range between $2.70 and $2.80 over the past week. This area has become a notable buying zone for investors anticipating further price increases. Featured image from DALL-E, chart from TradingView.com
US President Donald Trump launched the Official Trump meme token ($TRUMP) on the Solana blockchain on Friday, January 17. On Inauguration Day, its market value soared to more than $10 billion, while enthusiasm over his pro-crypto administration helped lift Bitcoin to a new all-time high of $109,000. Trump’s memecoin rose from just $4.29 on January …
Calamos Investments launches Bitcoin ETFs with capped returns and downside protection, offering investors regulated exposure to Bitcoin with risk management options.
Despite the ruling, Tornado Cash developer Alexey Pertsev remains under arrest for money laundering-related charges.
JUP has fallen 2% over the past 24 hours.
Hyperliquid, the decentralized trading platform, has just shattered all expectations, reaching a massive $22 billion in trade volume in just 24 hours. This new record, surpassing the previous $21 billion set just the day before, shows that Hyperliquid is growing faster than ever. But what’s driving this explosive growth? Hype Broken The Record The surge …
Bitcoin bulls have their work cut out on both short and long timeframes, BTC price analysis shows.
Mining fundamentals are strong with the cost to mine around $27,000 per bitcoin for larger participants, the report said.
Bitcoin has stabilized around $105,000 as analysts attribute some of the market calm to Trump's pro-crypto SEC and CFTC appointments.
Coinbase director Conor Grogan says he has identified around $47 million worth of bitcoin associated with Silk Road founder Ross Ulbricht.
The memecoins have gained mainstream attention ever since President Donald Trump launched his official token, TRUMP. This has started a wave of celebrity coins, as more and more known personalities like Mark Cuban are expected to launch their token. The ongoing wave has also offered a significant bullish push to the Dogecoin price, which has …
Dogecoin has emerged as a focal point of conversation, even amid a sudden wave of meme coins linked to Donald Trump’s return to the spotlight. On-chain analysis firm Santiment, which recently shared a sentiment dashboard on X, notes that “the top trending tokens” are all about meme coins following the “historic US inauguration of Donald Trump.” In their latest post, Santiment emphasizes that “TRUMP is being discussed following its controversial listing on Coinbase, and the risks involved in investing during a volatile market,” while there is also “significant interest in airdrops of ‘TRUMP’ tokens, with a notable event securing $1M worth of tokens.” MELANIA, another meme coin tied to the Trump brand, has caused a stir by briefly surpassing a $9 billion valuation, although it has endured “substantial fluctuations amid broader market uncertainty.” Related Reading: Dogecoin Momentum Weakens: RSI Signals Bearish Continuation To $0.3 Meanwhile, Dogecoin’s surge in social media mentions is attributed by Santiment to the newly established US Department of Government Efficiency (DOGE) led by Elon Musk, as the project uses Dogecoin as its avatar. On January 21, the US Government officially launched the Department of Government efficiency (DOGE) website which has the official Dogecoin logo on it. “This initiative has sparked discussion as it intertwines cryptocurrency with government operations, generating buzz on social media. Additionally, discussions around the potential for new meme coins linked to public figures like Trump and Musk contribute to the speculation about Dogecoin’s future performance and relevance in the crypto space,” Santiment writes. Despite the sudden attention on TRUMP and MELANIA, Santiment’s sentiment breakdown underscores mixed feelings for both tokens. Regarding TRUMP, the post states: “The word ‘trump’ is trending due to discussions about the Trump Coin. Its price fluctuations, and the speculative nature of meme coins, users are debating the risks of investing in Trump Coin.” Santiment’s “positive” analysis points to “political influence and executive actions” as reasons for optimism, highlighting that “the anticipation of a crypto executive order from Trump has generated excitement among investors.” Related Reading: Will Dogecoin Skyrocket Soon? Chart Pattern Suggests Yes MELANIA’s sentiment likewise splits along bullish and bearish lines, with the negative view referencing a more than 70% drop from its initial peak price, and the bullish narrative noting “celebrity endorsement” from Donald and Melania Trump as a potential driver of renewed interest. Technical Analysis: DOGE Confirms Breakout At press time, Dogecoin (DOGE) was trading at around $0.367 after rebounding from a descending trendline dating back to early December. The breakout above the diagonal resistance occurred earlier this week, followed by a successful retest of the trendline yesterday, confirming it as new support. Following the retest, DOGE is now contending with the 0.5 Fibonacci retracement level at $0.3943, which marks the next major overhead barrier. A clear break of this resistance could open the door to the higher 0.618 Fib level at $0.4759 and the 0.786 Fib at $0.5920. On the downside, if DOGE fails to break the 0.5 Fib, the 0.382 Fib at $0.3129 may act as the most reliable support. Meanwhile, the Relative Strength Index (RSI) at around 51 remains neutral, reflecting balanced momentum and leaving room for a potential continuation to either side. Featured image created with DALL.E, chart from TradingView.com
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Conner is joining AI-focused networks Fresya.AI.
Donald Trump’s memecoin, TRUMP, momentarily fell about 30% after the former president commented that he was not closely tracking it. The price dipped to $32 on some exchanges before rebounding to around $43. The token, launched shortly before Trump’s second inauguration, previously reached $76 and a $12 billion market cap but has been volatile. During […]
The post Donald Trump confirms memecoin launch, says billions in profits is ‘peanuts’ for his team appeared first on CryptoSlate.
Former President Trump’s Bitcoin Reserve Plan is rapidly gaining support, with major companies and influential figures backing the idea as he takes office. One of the most prominent supporters is Fred Thiel, CEO of Marathon Digital Holdings (MARA), who has outlined a bold plan to establish a Strategic Bitcoin Reserve (SBR) across all 50 U.S. …
H.E. Justin Sun, the founder of Tron and an influential figure in the blockchain space, recently took to X to highlight Donald Trump’s steadfast commitment to his promises and the potential impact on the crypto industry. Sun referred to Trump as the “Bitcoin President” and noted the significance of his crypto-related pledges ahead of the …
After taking office as President, one of the first things that Donald Trump did was remove a 2023 executive order released by Joe Biden to reduce the risks that AI poses to consumers, workers and national security. Many AI enthusiasts have termed the move as a turning point in the US’ journey to become a …
Bullish sentiments toward the XRP price have risen since the new president’s inauguration, with speculation that the Ripple founder will work closely with the Trump administration. However, a very minimal impact has been seen on the token’s value, which suggests that external factors do not influence the trend. Besides, the emergence of new ‘Celebrity Coins’ …
Analysts suggest investors don’t need to worry about the Trump memecoin's supply shock for the next three months, despite criticism of its "poor tokenomics."
The crypto market has been posting greener numbers, with the bulls getting unchained. As a result, memecoins such as Dogecoin, Shiba Inu, Trump coin, and Bonk have recorded the highest gains during this period. Successively, market players have been keen on icebreaker questions like: Will the memecoin segment maintain its bullish recovery and surpass its …
Of the 4.5 million daily active users on Solana, 1.5 million were unique tippers, showcasing interest in token sniping on platforms like Meteora and Orca.
On Tuesday, tech giant MicroStrategy purchased an additional 11,000 Bitcoin (BTC) for approximately $1.1 billion, as disclosed by its chair and co-founder Michael Saylor in a social media post on X (formerly Twitter). This acquisition marks the company’s 11th consecutive week of Bitcoin purchases, reinforcing its status as a significant player in the digital currency space. Saylor has been at the forefront of this strategy, positioning the enterprise software company as a leveraged Bitcoin proxy. MicroStrategy Bitcoin Holdings Surge According to Microstrategy’s filing with the US Securities and Exchange Commission (SEC), the firm acquired the Bitcoin at an average price of about $101,191 per token between January 13 and January 20. With this latest purchase, the firm now holds over 2% of all Bitcoin that will ever be mined, representing approximately $47.9 billion in total Bitcoin holdings. MicroStrategy has been funding these acquisitions through a combination of at-the-market stock sales and convertible debt offerings. Related Reading: Bitcoin Struggles For Direction Post-Trump Disappointment – What Next? The timing of this latest purchase aligns with a broader shift in the regulatory environment under President Donald Trump, who has transitioned from being a crypto skeptic to a supporter of the industry. This change is expected to create a more favorable regulatory framework for cryptocurrencies, prompting Saylor and MicroStrategy to accelerate their capital goals and Bitcoin buying efforts. Ahead of Trump’s inauguration, the firm’s co-founder even attended the first ever “Crypto Ball” in Washington on Friday, where he engaged with key figures in the incoming administration. New Shares To Support BTC Strategy In a related development, MicroStrategy shareholders voted also on Tuesday to approve a staggering 30-fold increase in the number of authorized Class A common shares, raising it from 330 million to 10.3 billion. According to a Bloomberg report, this decision, which passed with around 56% of the vote, is designed to facilitate further financing for the company’s Bitcoin purchases. Additionally, shareholders voted to increase the authorized shares of preferred stock from 5 million to 1 billion. Related Reading: Is It Time To Give Up On Ethereum Below $4,000? Analyst Weighs The Facts These amendments will take effect once MicroStrategy files the necessary certificate of amendment with the Delaware Secretary of State. The report notes that with Chairman Saylor holding about 47% of the voting power, the outcome was largely anticipated. The newly authorized shares will also be utilized for various financial strategies, including private transactions of Class A stock, sales of at-the-market equity offerings, and settling redemptions or conversions of convertible notes. However, the company has indicated that it may choose not to sell all of the additional shares. At the time of writing, Bitcoin continues to experience significant price volatility, with its price hinting at a new record high. It is currently trading at $106,400, representing a 2.5% increase in the 24-hour time frame. Featured image from DALL-E, chart from TradingView.com
Bitcoin (BTC) currently trades within a historically narrow 60-day price range, a phenomenon often seen before significant market volatility. According to a new report by Glassnode, this compression in price action suggests the crypto market may be preparing for its next big move. The report analyzed the percent range between the highest and lowest price […]
The post Bitcoin tight trading range signals imminent market movement – report appeared first on CryptoSlate.
Ethereum core developer Eric Conner exits, citing Vitalik Buterin’s leadership decisions, shifts focus to building AI tools like Freysa.ai.
Token prices zoomed 25% in the past 24 hours, beating gains in bitcoin and other majors to reverse losses from earlier in the week.
The Bitcoin community celebrated Tuesday night following President Donald Trump’s pardon of Silk Road creator Ross Ulbricht.
Monero has topped $200, confirming a bullish shift in market trend.