Bitcoin prints a “god candle” to all-time highs in what traders say is a good start to an “interesting week.”
Bitcoin (BTC) hit flash volatility on Jan. 10 at the start of the European trading session to hit an all-time high of $109,356 on Bitstamp.
BTC price has climbed from its lows below $100,000 on Jan. 19, rising as much as 9.6% to trade above $109,000 for the first time ever.
Data from Cointelegraph Markets Pro and TradingView shows BTC trading at around $108,000, up 3.3% over 24 hours.
The Official Trump memecoin launch captivated the crypto market and could be behind Solana’s new price highs, but the real question is, how sustainable is the rally?
The cryptocurrency market faced a surprise on Jan. 18 when the “Official Trump” (TRUMP) memecoin, endorsed by President-elect Donald Trump, was launched without prior notice. The announcement came via Trump’s social media accounts, directing users to purchase the Solana token using a specified centralized intermediary and providing the contract address.
The memecoin launch sparked a rally in Solana’s (SOL) native token, pushing it to an all-time high of $270. This surge raised questions among traders about whether SOL’s current $120 billion market capitalization is sustainable and its implications for Ethereum (ETH), Solana’s main competitor. Ethereum had previously been perceived as Trump’s favorite due to its allocation within World Liberty Financial, a project closely associated with Trump, but the decision to launch Official Trump on the Solana network has raised eyebrows.
Ether/USD (left) vs. SOL/USD (right). Source: TradingView / Cointelegraph
The Singapore-based exchange Crypto.com has secured an “in-principle” license to operate under the European Union’s new digital asset regulatory framework. Crypto.com bills itself as the “first major global crypto asset service provider” to receive a Markets in Crypto Assets (MiCA) approval. MiCA is new EU legislation that establishes rules covering the supervision, consumer protection and […]
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Wintermute predicts stablecoins driving integration with traditional finance by 2025, fueled by ETF growth and corporate digital asset use.
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The potential approval of a Litecoin ETF could pave the way for broader acceptance and integration of cryptocurrencies in traditional finance.
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Bitcoin struggles to hold $100,000, but this could change once regulations shift and institutional adoption becomes even easier.
Bitcoin advocates who propagate various theories of how high BTC price can go often cite the spot exchange-traded fund (ETF) inflows and institutional adoption as reasons why prices will stay above $100,000. However, this type of analysis fails to focus on the underlying factors that lead investors to shift their perception of Bitcoin from a high-risk asset to the equivalent of digital gold.
The three real catalysts for Bitcoin's sustainable price rise include regulatory changes that enable wider institutional participation, relaxed restrictions on retirement investments, and increasing recognition of Bitcoin as a strategic reserve asset similar to gold.
While banks and pension funds are inclined to increase their Bitcoin exposure, regulatory and accounting standards present significant obstacles. Most pension funds and wealth management firms are not structured to hold spot Bitcoin ETFs due to administrative restrictions or internal mandates requiring modification.
Fed hints at multiple 2025 rate cuts as Bitcoin rallies above $99K after CPI data. Altcoins surge with Solana up 8% and XRP gaining 15%.
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As an experiment, Cointelegraph asked two different AI models, OpenAI’s ChatGPT and xAI's Grok, to predict how XRP price could be affected by a spot ETF approval.
XRP (XRP) price hit a new all-time high of $3.38 on Jan. 16, outperforming most other cryptocurrencies over the past few days.
XRP’s amazing rally has left market participants wondering how high its price can go in 2025, particularly if a spot XRP exchange-traded fund (ETF) is approved.
XRP/USD weekly chart. Source: Cointelegraph/TradingView
The non-fungible token (NFT) market faced its worst performance in four years in 2024, with trading volumes and sales dropping by 19% and 18%, respectively. 2024 NFT Trading Volumes Fell to a Quarter of 2022 Levels The non-fungible token (NFT) market experienced its worst performance in four years in 2024, with trading volumes and sales […]
Bitcoin’s recovery to $100,000 is likely to be met with strong resistance, but if the bulls prevail, the next stop is near $108,300.
Bitcoin (BTC) extended its recovery on Jan. 13, with the bulls challenging the crucial overhead resistance at $100,000. Risk assets received a boost following the latest Consumer Price Index report, which was lower than economists’ expectations.
ARK Invest said in “The Bitcoin Monthly” report that Bitcoin’s monthly volatility in December was relatively low compared to its yearly volatility, suggesting that Bitcoin has not reached the mania phase yet. That signals a further upside in 2025.
Another bullish projection was from CryptoQuant, which said in its latest weekly report that “favorable regulatory, monetary and cyclical conditions” could keep the capital flowing into Bitcoin, pushing its price to at least $145,000 in 2025.
