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Bitcoin’s sell-off shows no signs of forming a bottom, which is destroying traders’ appetite for altcoins.
Bitcoin (BTC) has pulled back near $95,000, indicating that the bears are trying to strengthen their position. A minor advantage in favor of the bulls is that the US spot Bitcoin exchange-traded funds witnessed inflows of $52.4 million on Jan. 7, even when Bitcoin fell more than 5%, per Farside Investors data. This suggests that investors are not dumping their positions as they expect the bull run to resume.
BitMEX co-founder Arthur Hayes said in a blog post that the addition of up to $612 billion in new liquidity in the first quarter of 2025 could benefit Bitcoin. That could counterbalance any delays in implementing the “proposed pro-crypto and pro-business legislation” by President-elect Donald Trump’s team.
Crypto market data daily view. Source: Coin360
Ripple chief executive Brad Garlinghouse thinks that President-elect Donald Trump is already making a positive impact in the US even before taking over the White House. Garlinghouse says on the social media platform X that the impact of President-elect Donald Trump’s victory in November is even more dramatic for Ripple due to the firm’s longstanding […]
The post Brad Garlinghouse Says ‘Trump Bull Market Is Real’ With 75% of Ripple Open Roles Now in the US appeared first on The Daily Hodl.
XRP’s price action forms a classic bullish continuation structure, with a profit target of around $15.
XRP (XRP) price printed a bull flag on the daily chart, a technical chart pattern associated with strong upward momentum. Could this bullish setup and surging open interest signal the start of the second leg of XRP’s rally into the double-digit zone?
XRP price is up 15% over the last seven days after weeks of consolidation following the altcoin’s rally toward $3.00 in early December. The XRP/USD pair is up 1.5% to its intraday high of $2.44 on Jan. 6, according to data from Cointelegraph Markets Pro and TradingView.
XRP’s potential to rise higher is backed by increasing open interest (OI), which has increased significantly over the last 24 hours.
"This is even more personal after Gensler's SEC effectively froze our business opportunities here at home for years," the CEO wrote.
Ripple CEO Brad Garlinghouse announced that 75% of Ripple Labs' job openings are now based in the United States, and the company has closed more deals and partnerships in the US following the November 2024 election than in the previous six months.
Garlinghouse attributed the changes to the incoming Trump administration and Donald Trump's pro-crypto rhetoric. The CEO wrote in a Jan. 5 X post:
Industry executives, investors, and developers have all expressed optimism about the potential for crypto to flourish under the incoming Trump administration, with the expectation of a friendlier regulatory climate.
XRP supporter and crypto lawyer John Deaton is warning investors about scammers within the burgeoning digital assets industry. In a new lengthy thread on the social media platform X, Deaton says that bad actors are targeting crypto exchange accounts and private wallets with sophisticated scams. “If you get an email with a link do not […]
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