World Liberty, backed by Trump, acquired $70M in ETH, LINK, AAVE and TRON, significantly boosting its portfolio to $325M.
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Hedera’s native token, HBAR, is poised to continue its upward momentum as it has formed a bullish price action pattern on the daily time frame. Today, January 20, 2024, the overall cryptocurrency market appears to be confusing, with some assets witnessing massive upward rallies while others struggle to gain momentum. HBAR Current Price Momentum Amid …
Bitcoin’s recent rise above $100,000 has kept the market on edge as bullish momentum attempts to establish a new liquidity zone beyond this milestone. This push has introduced significant volatility over the past 24 hours, with Bitcoin fluctuating between $99,701 and $106,307 during this period. This intense volatility has allowed Bitcoin to achieve a daily close above a key confluent resistance level that had capped its price action for the past month. Despite this progress, Bitcoin continues to test the $106,000 upper boundary, and a decisive rejection at this level could trigger a downturn, potentially driving the price as low as $91,000. Bitcoin Successfully Closes Above Confluent Resistance According to technical analysis from crypto analyst Rekt Capital, Bitcoin has managed a daily close above a significant confluent resistance level. This was noted in a technical analysis of the Bitcoin daily candlestick price action posted on social media platform X and emphasizes a key event in Bitcoin’s rally. The confluent resistance in question is defined by two critical elements: a horizontal resistance trendline at $101,165 and a descending trendline, which has been consistently marking lower highs since Bitcoin reached its all-time high of $108,135 on December 18, 2024. Related Reading: Crypto Fear And Greed Index Barrels Toward Extreme Greed Again As Bitcoin Price Clears $101,000, Is This Good News? Since breaking out of this confluence area, Bitcoin has managed to push towards $106,000, but candlestick formations are starting to reveal a slowdown in momentum. Particularly, Bitcoin has created a hammer candlestick and a doji candlestick in successive days, both of which are traditionally associated with a slowdown in momentum or potential market indecision. This suggests that the bullish momentum might be waning as quickly and opens up the possibility of a downward move to retest the confluence area it just broke out from. BTC Needs To Hold Above This Level Maintaining a position above the breakout confluence area is crucial for determining Bitcoin’s next move. As Rekt Capital highlighted, a sustained rejection at the $106,000 level could cause a downward movement to retest the confluence area, which is highlighted with the green circle in the chart above. Related Reading: Bitcoin Upper Band Moves Above $105,400 – Where Price Is Headed Next If Bitcoin does retest this zone, two potential scenarios could unfold. The first, and more bullish outcome, would involve a successful retest followed by a rebound at the confluence area. This behavior is characteristic of post-breakout price action, where a pullback strengthens the new support and allows the price to gather momentum for another leg upward. Conversely, the second scenario is more bearish. If Bitcoin fails to hold above the confluence support, the cryptocurrency could face increased selling pressure and trigger a deeper correction. According to Rekt Capital’s analysis, the next significant support levels to watch are $91,070 and $87,325. A decline to these levels would represent a substantial pullback and might reset market expectations for the short term. Bitcoin is currently trading at $106,100. Featured image from Unsplash, chart from Tradingview.com
The buying frenzy came after WLFI token sales picked up ahead of Donald Trump's inauguration.
The crypto market experienced a surge in liquidations, reaching $1.28 billion, as Trump's inauguration speech skipped any mention of bitcoin.
Capital flowing out of existing memecoins spurred TRUMP's rise, now the money is going the other way.
On-chain data shows that the Ethereum Foundation (EF) has sold 100 ETH for $336,475. On Jan. 20, blockchain analytical firm SpotOnChain reported that this marks the foundation’s second sale of Ethereum in 2025, bringing its total sales to 200 ETH (valued at $672,000). These transactions have reignited discussions within the Ethereum community about the foundation’s […]
The post Vitalik Buterin addresses controversy as Ethereum Foundation sells another 100 ETH appeared first on CryptoSlate.
In a recent move, Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has chosen Malta as its hub for adhering to the European Union’s Markets in Crypto-Assets (MiCA) framework. This follows shortly after Gemini received its sixth European virtual asset service provider (VASP) registration from the Malta Financial Services Authority (MFSA) in December 2024. …
Look out, here comes XRP! In the wake of the US presidential elections, XRP’s engine began to rev. Now, with the inauguration of President Trump only hours away, XRP is taking off! XRP Rides To Near All-Time High Ripple’s cryptocurrency, XRP, soared to a near all-time high, peaking at $3.31 with a 6.35% increase in 24 hours. Mounting optimism around Ripple has fueled the charge. There’s increased buzz about the approval of XRP-based Exchange-Traded Funds (ETFs) and favorable developments in its long-standing legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC initially filed a lawsuit against Ripple in 2020, accusing the company of conducting unregistered securities offerings. However, recent rulings have taken a positive turn for Ripple, with a judge imposing a $125M fine—far below the SEC’s initial demand of $2B. The SEC’s subsequent appeal comes as expected. But with soon-to-be President Trump incoming, many investors expect the more crypto-friendly regulatory environment to reduce the likelihood that the SEC will win any notable reversal. In the meantime, Ripple’s leadership has expressed confidence in the likelihood of XRP ETFs following in the footsteps of Bitcoin and Ethereum ETFs. CEO Brad Garlinghouse recently met with President-elect Donald Trump, further fueling speculation about regulatory changes and an environment turning notably pro-crypto. The nomination of Paul Atkins as the new SEC Chair – a decidedly pro-crypto voice – is also anticipated to pave the way for more cryptocurrency ETFs. A New Era of Low-Cap Coins? Memecoins enjoyed a strong end to 2024 and a steady increase in 2025 so far. With Bitcoin continuing to climb and XRP surging, the blue-chip cryptos are setting the stage for a resurgence of low-cap coins. One such token is the BEST Wallet token, a presale offering from leading web3 wallet, BEST Wallet. It’s already raised $7.6M with its promise of enhanced utility and access to the broader BEST Wallet ecosystem for $BEST token holders. The $BEST token looks set to ride the same wave Ripple’s XRP is on; major market momentum buoyed by strong fundamentals and a bullish outlook from US government regulators. The token is part of a wave of emerging crypto presales that are poised for big moves. Trump’s presidency could make him the first crypto president. He’s certainly going all-in on crypto, as recent developments like his plan to start a national crypto reserve for the US show. Trump Family Enters the Cryptocurrency Arena In a surprising move just three days before his inauguration, President-elect Donald Trump announced the launch of a meme coin, $TRUMP, on the Solana blockchain. The coin’s market cap quickly soared to over $9B following its unexpected release. First Lady-elect Melania Trump then launched her own meme coin, $MELANIA, which also garnered significant attention, stealing $TRUMP’s show and raising 12B market cap in under 3 hours, before petering off. Whether you should buy $TRUMP or $MELANIA depends on your appetite for risk and volatility. But by all accounts, the Trump-family tokens have already become big market movers. Of course, it’s always best to do your own research, and don’t take anyone’s word as financial advice! Volatility is, as always, the name of the game with crypto. But even if nothing more than a pre-election PR stunt, both $TRUMP and $MELANIA are clear indicators of just how pro-crypto Trump’s administration intends to be. With $XRP and $TRUMP surging, and $BEST set to make a move, the year 2025 is rapidly shaping up to be a banner year for the crypto world.
Money printing and poor fiscal policy have reduced the dollar’s value since 1913, prompting countries to explore alternative assets.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Memecoins are becoming a serious investment category. Memecoins mean business now.
Gambaryan has been recommended for several high profile crypto crime fighting roles by people associated with the Bitcoin 2024 event in Nashville, which Donald Trump attended.
The European ESMA regulator has urged crypto asset service providers to take measures regarding non-MiCA-compliant stablecoins by Jan. 31.
The move comes amid longstanding concerns over EF transparency, especially regarding its treasury management.
The crypto market has recorded its highest weekly inflow this year, reaching an impressive $2.2 billion. According to the latest CoinShares report, this influx of capital was fueled by growing excitement around Donald Trump’s Jan. 20 inauguration. The firm noted that the surge pushed total year-to-date inflows to $2.8 billion. This influx has also pushed […]
The post Trump buzz drives $2.2B inflow, setting new records for Bitcoin and AUM appeared first on CryptoSlate.
Chainlink (LINK) joined Solana (SOL) as a top performer, gaining 4.3%.
The near two-month debt issuance suspension period could signal lower global liquidity, which may affect Bitcoin’s price leading into March.
MicroStrategy's stock increase could significantly amplify its Bitcoin strategy, impacting market dynamics and shareholder value.
The post MicroStrategy shareholders to decide on major stock increase to advance Bitcoin strategy tomorrow appeared first on Crypto Briefing.
On Monday, January 20, 2025, a historic moment will unfold as Donald Trump is sworn in as the 47th President of the United States. The ceremony is set to begin at 12:00 pm ET (10:30 pm IST) in Washington, DC, marking the beginning of his second term. The White House will stream the ceremony on …
The Official Melania Meme (MELANIA) memecoin is also making people millions in profit after reaching a $2 billion dollar market capitalization overnight.
It appears Cuba's Ministry of Foreign Affairs promoted a memecoin early Monday before the account was later disabled.
A huge transfer of 40 million XRP, worth around $124.7 million, has been spotted moving to the Binance exchange, according to Whale Alert. This massive transaction raised many eyebrows in the crypto world, with many thinking it could lead to a price increase for XRP. However, data from Bithomp shows that the wallet sending the …
With only a few hours remaining of President-elect Donald Trump’s oath-taking ceremony for the second time, the BTC Price has successfully smashed a new all-time high of $109,114. This highlights an optimistic behavior among investors toward the growing blockchain technology. Reportedly, the Bitcoin price has surged 16.93% in seven days, resulting in it achieving a …
Google data show peak retail interest in cryptocurrencies as the market gears up for Trump's inauguration speech.
The crypto markets have turned bullish ahead of the inauguration of the new president of the U.S. His official coin, OFFICIAL TRUMP, has spread massive bullish waves across the markets that not only pushed the Solana price to its new highs but led the Bitcoin price to achieve greater highs. Meanwhile, XRP, ADA, LINK, and …
The launch of Trump’s official memecoin on Solana boosted the TVL and SOL price to new all-time highs at the expense of rival Ethereum.
Elon Musk’s D.O.G.E faces lawsuit for violating federal transparency laws, set to be filed minutes after Trump’s inauguration. The panel, which aims to reduce government waste, is in the spotlight for not meeting the required rules on disclosure and fairness. The Lawsuit’s Claims The lawsuit, prepared by the public interest law firm National Security Counselors, …
Michael Saylor, CEO of MicroStrategy, and key executives from Marathon Digital, a prominent Bitcoin mining firm, have engaged with representatives of President-elect Donald Trump’s incoming administration. The meeting, held during a reception hosted by Vice President JD Vance, signals potential movement in Bitcoin policy under the new administration. While details of the discussions remain private, […]
The post Michael Saylor, Marathon meet with Trump team aligning with possible Bitcoin reserve appeared first on CryptoSlate.
The report discusses MicroStrategy’s strategies for acquiring Bitcoins since 2019, its history of purchases, funding methods, stock performance, measures taken for custodianship, and whether it is really challenged by big regulatory hurdles. Key Findings: Total Bitcoins: 447,470 as of January 2025 Total Investment: $27.97 billion. Market Value: $16.5 billion (at $36,900 per BTC). Cost per …