As the Donald Trump administration settles down for a thrilling task ahead of making America great again, the altcoin market has gradually gained bullish momentum. Under the Trump administration, the cryptocurrency industry has massively been legalized, especially memecoins and DeFi tokens. Moreover, the previous Joe Biden administration heavily recognized Bitcoin (BTC) and Ethereum (ETH) as …
Bitcoin is currently facing resistance in the short term, struggling to break through a critical price level. In addition, the Trump meme coin, which has made headlines following the recent inauguration, experienced a sharp price drop after the lack of crypto-related mentions during the event. Despite this, Trump coin is still holding higher than its …
An analyst has explained how Arbitrum could see an upswing of around 46% if its price breaks out of this technical analysis pattern. Arbitrum Has Been Trading Inside A Descending Triangle Recently In a new post on X, analyst Ali Martinez has talked about a Descending Triangle pattern forming in the 4-hour price of Arbitrum. The “Descending Triangle” refers to a formation from technical analysis (TA) that, as its name suggests, looks like a triangle slopped downwards. The pattern involves two trendlines between which the asset consolidates: an upper level drawn by connecting together lower highs in the price and a lower one parallel to the time-axis that joins bottoms. Like in many other TA patterns, the upper line is considered to be a point of probable resistance for the price, while the lower one can act as support. Related Reading: Trader Greed Strikes Again: Bitcoin Corrects To $102,000 After FOMO Spike Breaks out of either of these lines can imply a continuation of trend in that direction. An escape above the triangle is naturally a bullish signal, while a drop under it can foreshadow a bearish outcome. Similar to the Descending Triangle, there is also another pattern called the Ascending Triangle, which forms when the consolidation occurs towards an overall upside. Now, here is the chart shared by the analyst that shows the Descending Triangle that the 4-hour price of Arbitrum has been trading inside during the last couple of months: As displayed in the above graph, the Arbitrum 4-hour price retested the upper level of the Descending Triangle a few days ago, but it found rejection as it has since plunged down. Yesterday, the coin saw a very brief retest of the lower line, but it appears this level is also holding for the cryptocurrency as its price has found a rebound from it. Related Reading: XRP Whale Binance Deposits Skyrocket: Key Holders Preparing For Profit-Taking? It’s likely that these levels won’t hold for long, however, as ARB is fast approaching the apex of the triangle. As the range gets narrower, the chances of a breakout (in either direction) become higher. At present, Arbitrum is trading right in the middle of the two levels, so it’s uncertain which one it would be traveling to next. Martinez notes that if the breakout happens towards the upside, then the cryptocurrency could end up enjoying a surge of around 46%. This figure is based on the fact that the height of the triangle involves a price swing of this percentage. It only remains to be seen whether ARB would be able to find a break above the Descending Triangle or not. ARB Price At the time of writing, Arbitrum is trading around $0.72, up 1% over the last 24 hours. Featured image from Dall-E, charts from TradingView.com
The crypto business today has been posting greener numbers, with its market cap rising 3.49% to $3.64 trillion. However, the trading volumes stumbled by 37.40% to $196.58 billion. The Fear & Greed Index ticked up to a “Greed” score of 66, cautioning marketers of further moves. Bitcoin Price Holds at $105k Amid Strong ETF Inflows …
Solana’s MEV infrastructure, Jito, has made history by capturing more than $20 million in fees on two consecutive days, a first-ever achievement. On January 20, during the MELANIA transaction, Jito reached a new record, earning $26.49 million in just one day. Jito has now become the leader in fee capture, surpassing other protocols like Meteora …
Circle plans to integrate USYC with its USDC stablecoin to enable convertibility between cash and tokenized collateral.
10x Research’s Markus Thielen says Bitcoin is moving in $18,000 blocks and predicts it could hit $122,000 by February.
The GambleFi sector has rapidly gained traction as a modern alternative to traditional sportsbooks and centralized gaming platforms. Built on Web3 infrastructure, these platforms leverage blockchain technology and DeFi principles to deliver a secure, anonymous, and user-friendly experience. Offering features such as crypto bets in various digital assets and simplified registration processes, GambleFi projects have …
Total trading volume surged 95%, with options accounting for a giant share of the total platform activity.
President Trump has revealed a massive $500 billion investment in AI through a new venture called Stargate. This initiative brings together major tech players like OpenAI, Oracle, and SoftBank to revolutionize AI in the U.S. The ambitious project focuses on advancing AI capabilities across various fields. One standout application is in healthcare, where AI will …
On Monday, the cryptocurrency market witnessed a significant surge in Chainlink (LINK) prices following a remarkable acquisition by World Liberty Financial (WLFI), the crypto venture associated with President Donald Trump. Trump’s World Liberty Financial Propels LINK Price Up In a series of rapid transactions completed within just 15 minutes, World Liberty Financial purchased 220,000 LINK tokens, totaling an impressive $5.63 million, according to Chinese reporter Wu Blockchain. This strategic move was accompanied by additional acquisitions, including 13,000 Aave (AAVE) tokens valued at $4.41 million and 37.267 million TRON (TRX) tokens worth $8.86 million. Related Reading: World Liberty Financial Raises $1B: Trump-Backed Crypto Venture To Extend Token Sales The buying pressure generated by these transactions contributed to a notable 44% uptrend in LINK’s price over a two-week period, with a more immediate increase of over 11% within just 24 hours. But despite this bullish momentum, LINK’s price remains approximately 49% below its all-time high of $52.70, achieved during the 2021 bull run as it is currently hovering little over above the $26 mark. In a social media post on X (formerly Twitter), WLFI detailed these acquisitions, stating that they were made to commemorate the inauguration of Donald J. Trump as the 47th President of the United States. The post highlighted additional purchases, including $47 million in Ethereum (ETH), $47 million in wrapped Bitcoin (wBTC), and similar amounts in AAVE, LINK, TRX, and Ethena (ENA). How Chainlink Could Double In Value The involvement of the Trump family in the crypto space has sparked excitement among bullish LINK investors, fostering renewed confidence in the token’s prospects. Analysts like Michael van de Poppe have weighed in, noting that LINK has recently experienced a standard 30% correction—a pattern seen more than 15 times in previous cycles. Despite this, van de Poppe anticipates an upward price movement for Chainlink toward the $35 mark as market conditions stabilize. Adding to the positive sentiment, market expert Ali Martinez reported a significant withdrawal of over 770,000 LINK tokens from crypto exchanges on Tuesday, suggesting that investors are increasingly confident in LINK’s potential and a possible continuation of the uptrend observed over the past month. Related Reading: Is It Time To Give Up On Ethereum Below $4,000? Analyst Weighs The Facts Satoshi Flipper also chimed in on LINK’s price action, expressing optimism about the token’s adoption and future performance. He noted the emergence of a falling wedge pattern that could propel LINK toward its all-time high, suggesting that a price doubling from current levels is feasible. Flipper emphasized the importance of Chainlink in the broader cryptocurrency ecosystem, arguing that dismissing the potential for further gains before reaching new highs would be a mistake. Interestingly, Aixbt recently pointed out that LINK’s monthly Relative Strength Index (RSI) is currently at 67, approaching the critical 70 level that previously triggered a dramatic 375% price surge. This setup mirrors the conditions that drove the price from $3.50 to $20 in an earlier cycle. If history were to repeat itself, such a surge could push LINK toward the $124.80 mark, nearly tripling its current peak. Featured image from DALL-E, chart from TradingView.com
CLS Global admitted to helping wash trade and manipulate the market for a token made by the FBI designed to draw in those engaged in fraudulent crypto activities.
According to investment bank TD Cowen, the United States is expected to finalize its long-awaited crypto regulations by 2026. This timeline may bring hope to crypto investors and businesses alike, but challenges remain, including political disagreements and unexpected distractions like the TRUMP memecoin. Why Crypto Regulations Are Crucial? A note from TD Cowen’s Washington Research …
A U.S. District Court has reversed a previous District Court decision that supported sanctions on crypto mixer Tornado Cash.
The U.S. Securities and Exchange Commission (SEC) will hold its first closed meeting since Mark Uyeda took over as acting chair. The meeting, scheduled for Thursday, will involve commissioners, the counsel to the commissioners, the commission’s secretary, and recording secretaries. The topics on the agenda include the institution and settlement of injunctive actions, administrative proceedings, …
The most recent purchase brings WLFI's TRX holdings to $7.5 million.
Donald Trump’s TRUMP memecoin has taken the crypto world by storm, becoming the fastest-growing memecoin in history. Launched on January 17, just days before his inauguration, the Solana-based token quickly reached a market cap of $13 billion over the weekend. However, it has since dropped to around $8 billion after a sharp 50% decline, following …
Trump’s latest remarks after his inauguration on crypto regulations have created a euphoric moment for Bitcoin and other assets. Bitcoin came out of the choppy market with a smashing ATH of $109K. However, there is still fear and panic in the market as many think this new policy change may impact non-US entities. Raining serious …
Solana started a fresh increase above the $240 resistance. SOL price is back above $2500 and might aim for a fresh increase above the $262 zone. SOL price started a fresh increase above the $240 and $250 levels against the US Dollar. The price is now trading above $250 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $245 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $262 zone. Solana Price Reclaims $250 Solana price formed a base above $225 and started a decent upward move, like Bitcoin and Ethereum. SOL was able to climb above the $235 and $240 resistance levels. There was a break above a key bearish trend line with resistance at $245 on the hourly chart of the SOL/USD pair. The pair even cleared the 50% Fib retracement level of the downward move from the $272 swing high to the $230 low. Solana is now trading above $250 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $262 level or the 76.4% Fib retracement level of the downward move from the $272 swing high to the $230 low. The next major resistance is near the $272 level. The main resistance could be $280. A successful close above the $280 resistance zone could set the pace for another steady increase. The next key resistance is $292. Any more gains might send the price toward the $300 level. Another Decline in SOL? If SOL fails to rise above the $262 resistance, it could start another decline. Initial support on the downside is near the $250 zone and the 100-hourly simple moving average. The first major support is near the $240 level. A break below the $240 level might send the price toward the $230 zone. If there is a close below the $230 support, the price could decline toward the $215 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $250 and $240. Major Resistance Levels – $262 and $272.
The block trade was a bull call spread that would see maximum profit on a potential move to $400 or higher by the end of February, according to data tracked by Amberdata.
Bitcoin recently achieved a new all-time high, climbing above $109,000 and continuing its strong upward momentum. This performance has further highlighted the disparity between Bitcoin and Ethereum’s price trajectories, with Ethereum underperforming in recent months. While Bitcoin has captured attention for its resilience and gains, Ethereum faces challenges that have weighed on its progress. According to Percival, a CryptoQuant analyst, the new regulatory clarity provided by the pro-crypto administration in the US is contributing to Bitcoin’s strength. In contrast, Ethereum’s internal difficulties, coupled with declining demand in the spot market, have created a challenging environment for the asset. This divergence highlights how the two leading cryptocurrencies are currently moving along very different paths, with Bitcoin thriving and Ethereum struggling to maintain its footing. Related Reading: 1 Million Bitcoin Pulled From Exchanges In The Past 3 Years: What It Means For The BTC Market Ethereum’s Decline and Market Sentiment Percival pointed out that Ethereum’s struggles can be seen in several key metrics. Spot market transactions have dropped dramatically since the previous cycle, with current volumes at $8 billion compared to $52 billion during the bull market’s peak in early 2021. This represents a sharp reduction in demand, signaling that Ethereum’s current bull market participation is significantly diminished. Additionally, data shows that Ethereum has returned to levels seen in 2016, with a majority of trading days now classified as “unprofitable” when compared to Bitcoin. These challenges, according to Percival, have prompted concerns that Ethereum may need to establish a “bottom” before it can regain stability. Without this stabilization, investor sentiment could become increasingly volatile, potentially leading to further price declines. The analyst also suggests that until Ethereum can address its internal issues and rebuild confidence, its underperformance relative to Bitcoin is likely to persist. Bitcoin Momentum And Market Structure While Ethereum struggles, Bitcoin continues to benefit from favorable market conditions and positive sentiment. Percival notes that macroeconomic factors, along with increasing regulatory clarity, have positioned Bitcoin for continued growth. The Choppiness Index, an indicator of market consolidation and trend readiness, currently signals that Bitcoin has built the necessary strength to sustain its upward trajectory. The analyst believes that Bitcoin’s current market structure supports further gains in the coming days. Particularly, after a period of consolidation, Bitcoin appears poised to extend its rally, attracting more investor interest and reinforcing its position as the leading cryptocurrency. Related Reading: Ethereum Struggles As Bitcoin Dominance Pushes ETH/BTC Pair To 4-Year Low As Ethereum grapples with its challenges, Bitcoin’s steady momentum highlights the stark contrast between the two assets’ market dynamics. However, it is worth noting that it’s not all gloom for Ethereum. According to a recent post from renowned crypto analyst Ali, Q1 might just be Ethereum’s year of sudden rebound. Q1, particularly in odd-numbered years, has historically been when #Ethereum $ETH delivers its strongest performance! pic.twitter.com/Gq2iEtRGfi — Ali (@ali_charts) January 18, 2025 Featured image created with DALL-E, Chart from TradingView
Ethereum co-founder Joe Lubin says issuers are confident that staked Ether ETFs will be approved under new SEC leadership.
A Legislative Council committee dedicated to the 'Stablecoins Bill' held a meeting on Tuesday with key government officials in attendance.
XRP has shown positive signs in recent days after its price reacted to a key 50% retracement level from its recent rally. This pullback found strong support, with the price bouncing upward, leading many to anticipate higher prices in the near future. However, key support and resistance levels are crucial to watch and for the …
XRP price started a fresh increase above the $3.150 level. The price is holding gains and might start another increase if it clears the $3.2250 resistance. XRP price started a fresh increase from the $3.00 support zone. The price is now trading above $3.120 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3.10 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $3.10 support. XRP Price Aims Higher XRP price managed to start a fresh increase from the $3.00 support zone, but upsides were limited compared to Bitcoin. The price was able to surpass the $3.050 and $3.120 resistance levels. There was a clear move above the 50% Fib retracement level of the downward move from the $3.3625 swing high to the $3.00 low. Besides, there is a connecting bullish trend line forming with support at $3.10 on the hourly chart of the XRP/USD pair. The price is now trading above $3.120 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.2250 level or the 61.8% Fib retracement level of the downward move from the $3.3625 swing high to the $3.00 low. The first major resistance is near the $3.28 level. The next resistance is $3.350. A clear move above the $3.350 resistance might send the price toward the $3.450 resistance. Any more gains might send the price toward the $3.50 resistance or even $3.550 in the near term. The next major hurdle for the bulls might be $3.650 and a new all-time high. Another Decline? If XRP fails to clear the $3.2250 resistance zone, it could start another decline. Initial support on the downside is near the $3.10 level and the trend line. The next major support is near the $3.00 level. If there is a downside break and a close below the $3.00 level, the price might continue to decline toward the $2.880 support. The next major support sits near the $2.750 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $3.10 and $3.00. Major Resistance Levels – $3.2250 and $3.350.
US crypto stocks closed Jan. 21 down across the board as President Donald Trump is yet to action his promised plans for the industry.
The recent launch of the TRUMP and MELANIA tokens, catalyzed by President Donald Trump and First Lady Melania Trump, has ignited a mix of excitement and caution within the memecoin and broader cryptocurrency community. This frenzy has caught the attention of billionaire investor Mark Cuban, who is now contemplating the creation of his own memecoin, inspired by the recent memecoin movements. Cuban’s Memecoin Vision: Combining Fun And Financial Responsibility? In a recent social media post, the renowned billionaire opened the door to the possibility of launching a new memecoin, stating, “If memecoins are the way, maybe I’ll issue one.” His announcement has stirred curiosity among crypto enthusiasts, particularly as he hinted that his memecoin would mirror the parameters of Trump’s TRUMP memecoin. Related Reading: Is It Time To Give Up On Ethereum Below $4,000? Analyst Weighs The Facts Cuban plans to implement a 20% float and adhere to a similar release schedule, with one significant distinction: all potential revenue generated from the sale would be directed to the US Treasury. To enhance transparency, Cuban also indicated that the wallet address would be publicly accessible, allowing anyone to track the funds. Cuban framed his initiative as a way to combine entertainment with a social purpose, noting, “If you want to gamble, gamble. But at least use it to make a dent in the US debt.” This statement reflects a growing sentiment among some investors that memecoins can serve a dual purpose—providing both amusement and potential benefits to broader societal issues. However, Cuban’s proposal has not been without its critics. Cuban Cites Dogecoin Success In response to Cuban’s announcement, a user on X (formerly Twitter) cautioned him about the potential pitfalls of launching a memecoin, suggesting that he might be accused of exploiting information asymmetry at the coin’s launch. The user stressed that the supposed memecoin’s price would be dictated by supply and demand dynamics, starting from nearly zero, and warned Cuban not to proceed without careful consideration. Cuban, undeterred by the criticism, defended his understanding of the memecoin landscape, stating, “It’s not hard to put it together. I never have thought about doing a meme coin. Wouldn’t be hard at all.” Related Reading: Big Players Bet Big On XRP, Solana With Excitement Around Donald Trump’s Presidency, Here Are The Figures The back-and-forth dialogue continued, with the user asserting that creating a sustainable memecoin that benefits long-term holders is a challenging endeavor. He further argued that successful memecoins often emerge from community-driven initiatives rather than top-down launches, warning that hype surrounding a celebrity-backed launch could lead to short-term trading rather than fostering an organic community. Cuban concluded the exchange by acknowledging the importance of community in the longevity of memecoins. He cited examples like Dogecoin (DOGE) and Shiba Inu (SHIB), which have thrived due to their strong communities. “I’m not saying buyers won’t get rekt. I said it was gambling. It’s a game of musical chairs. No promises. No pumps by me. Just complete transparency,” he emphasized. At the time of writing, the TRUMP memecoin is trading at $44,778, recording a 14% recovery in the past 24 hours after plunging over 50% from its $79 peak reached over the weekend. Featured image from CNBC, chart from TradingView.com
Jupiter will 'Jupuary' airdrop today, distributing 700 million JUP tokens ($616 million) to its community.
LINE is a dominant messaging platform in Japan, Taiwan and Thailand, estimated to have around 200 million users around the world.
CLS Global deployed "volume generation" algorithms for “many clients” to fake their volume before being baited with a crypto made by the FBI.