CredibleCrypto sees positive signals for Bitcoin's market performance. Ethereum's growth potential remains strong compared to Bitcoin. Continue Reading: CredibleCrypto Highlights Positive Signs for Bitcoin and Ethereum’s Potential The post CredibleCrypto Highlights Positive Signs for Bitcoin and Ethereum’s Potential appeared first on COINTURK NEWS .
As Bitcoin (BTC) approaches its all-time high, market dynamics reflect a notable balance in investor sentiment, indicating a robust trading environment. The interplay between institutional and retail participation signals a
Dogecoin price has remained in a sideways trend despite three consecutive days of gains this week. The broader crypto market showed stability as Grayscale launched its DOGE Trust on Friday. This move expands Grayscale’s suite of crypto investment products, raising speculation about Dogecoin’s potential to reach $1 soon. Will Grayscale’s Trust Send Dogecoin Price to $1? Dogecoin price saw increased attention after Grayscale introduced its Dogecoin Trust, broadening its crypto investment offerings. The move underscores DOGE’s shift from a memecoin to a potential financial asset. The launch follows growing interest in Dogecoin-related investment products. Bitwise recently filed for a Dogecoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). Market analysts suggest a spot DOGE ETF could be a major price catalyst. Grayscale also recently sought SEC approval to convert its XRP Trust into an ETF. The regulator’s stance on crypto ETFs remains a key market driver. Bitcoin ETFs initially triggered short-term dips but later contributed to long-term gains. Investors are now closely watching whether a Dogecoin ETF could follow a similar path. JUST IN: Grayscale launches a Dogecoin Trust, highlighting how $DOGE has evolved from a memecoin into a tool for global financial inclusion. pic.twitter.com/sTp7BuoMzG — CEO (@Investments_CEO) January 31, 2025 Crypto Analyst Predicts Dogecoin’s Next Target at $1 Crypto analysts have shared a bullish outlook for Dogecoin, stating that $1 is the next key price milestone. A chart in the tweet shows the meme coins trading around $0.334, with technical indicators suggesting a potential breakout. Fibonacci retracement levels highlight key resistance zones while moving averages indicate a steady upward trend. Dogecoin has historically seen price surges driven by market sentiment and community enthusiasm. If bullish momentum continues, analysts believe the $1 target could become achievable in the coming months. DOGE Price Analysis DOGE price is at $0.32834, marking a 3.29% drop in the last 24- hours, as technical indicators signal mixed momentum. The meme coin faces strong resistance at $0.35 and support at $0.30, creating a tight trading range. The Relative Strength Index (RSI) stands at 45, hovering below the neutral 50 level. The MACD indicator shows weak bullish momentum, with the MACD line slightly above the signal line. The Dogecoin price prediction struggles to maintain upward momentum, with repeated rejections around $0.35. A breakout above this level could open the door to $0.40, while failure to hold $0.32 may expose $0.30 as the next major support. Dogecoin Price Chart: TradingView To sum up, the Dogecoin price path to $1 depends on market sentiment, ETF developments, and price momentum. A breakout above $0.35 could fuel gains, while rejection may keep DOGE in consolidation. The post Can Dogecoin Price Hit $1 Post-Grayscale Trust Launch? appeared first on CoinGape .
Pepe Coin faces a potential 50% decline due to market uncertainties and significant whale sell-offs as predictions of a downturn pop up everywhere. Meanwhile, PlutoChain ($PLUTO) is gaining attention from whales. As a hybrid Layer-2 solution, PlutoChain aims to enhance Bitcoin’s capabilities by introducing smart contracts and decentralized applications, potentially transforming Bitcoin into a more versatile platform. This development could bridge Ethereum’s adaptability with Bitcoin’s security, potentially making PlutoChain an interesting project to keep an eye on. Whale Sells Off a Huge Amount Of Pepe Coin: How Will This Impact Pepe Coin’s Price? Recently, significant whale sell-offs have shaken Pepe Coin’s market stability. Over 1.1 trillion PEPE tokens were offloaded, leading to a 17% price drop within 24 hours. One notable transaction involved a whale depositing 430 billion PEPE tokens, worth approximately $6.39 million, into Binance, intensifying the downward pressure. Another whale recently offloaded 500 billion PEPE tokens , valued at approximately $5.73 million, making an astronomical 17,026x return. The wallet known as “0xc25” bought 4.914 trillion PEPE tokens back in April 2023. These large-scale sell-offs have increased the number of PEPE tokens on exchanges by 1.31%, from 237.18 trillion to 240.28 trillion, creating a surplus in the market. The sudden influx of tokens has eroded recent gains, pushing prices below $0.000014 and raising concerns about PEPE’s ability to recover. Whales Eye PlutoChain – An Innovative Hybrid Layer-2 Solution Made for Bitcoin Bitcoin’s evolution may potentially enter an intriguing chapter with PlutoChain . As the first hybrid Layer-2 solution tailored for Bitcoin, PlutoChain could expand Bitcoin’s utility beyond being a store of value. It plans to introduce smart contracts, decentralized applications (dApps), and innovations like DeFi, NFTs, and AI, possibly reshaping Bitcoin’s role in the blockchain ecosystem. Its groundbreaking approach that uses the Layer-2 solution offers an average 2-second block time compared to Bitcoin’s 10-minute block time. This innovation alone could make Bitcoin more competitive with other faster projects like Solana and Cardano. Developers could gain seamless migration from Ethereum due to PlutoChain’s Ethereum Virtual Machine (EVM) compatibility, potentially opening a bridge between Ethereum’s flexibility and Bitcoin’s security. With its governance system, PlutoChain embraces community-driven decision-making, potentially enabling its users to shape the protocol’s direction. This feature might ensure alignment with user needs and create a dynamic and adaptive ecosystem. The network has proven its readiness through impressive metrics, processing over 43,200 daily transactions on its testnet. Furthermore, independent audits from SolidProof , QuillAudits , and Assure DeFi validate PlutoChain’s commitment to security. PlutoChain could also address Bitcoin’s underdeveloped DeFi market, where the Total Value Locked (TVL) remains only 0.13% of Bitcoin’s market cap, compared to Ethereum’s 10%. Final Words Pepe Coin could potentially face a steep 50% decline as whales sell off massive amounts, causing market instability and oversupply. Whales are shifting focus to projects with real utility, like PlutoChain ($PLUTO) . As the first hybrid Layer-2 solution for Bitcoin, PlutoChain plans to introduce smart contracts, dApps, and faster block times, which could revolutionize its network Its EVM compatibility and community-driven governance could transform Bitcoin’s role in DeFi and blockchain innovation. —————— This article is not financial advice. Cryptocurrencies and meme coins are volatile and risky. Do your own research before buying any cryptocurrencies and meme coins. All forward-looking statements include uncertainties and may not be revisited. Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
Bitcoin price moves closer to its all-time high, and the absence of euphoria in derivatives markets is a positive sign.
Chinese artificial intelligence company DeepSeek, which has been on the world's agenda in recent weeks, has announced its predictions about the maximum decline that major cryptocurrencies could experience this year. In its predictions, which are based entirely on hypothetical situations, DeepSeek focused on bear scenarios, as it asked for the lowest levels to which assets could fall. According to an artificial intelligence model, Bitcoin, the world’s largest cryptocurrency, could fall from its current level to between $51,000 and $61,200 in 2025. DeepSeek based its scenario on previous bear markets and took into account some potential macroeconomic pressures. On the Ethereum side, DeepSeek thinks that the largest altcoin could drop to between $993 and $1,656 from its current price. The model added that Ethereum’s wide usage could cushion the decline. Related News: Tether, The World's Largest Stablecoin Company, Reveals How Much Total Profit It Made In 2024 Speaking of Dogecoin, DeepSeek wrote the most negative scenario for DOGE. According to the model, in a bear market, the price of DOGE could fall to $0.05 to $0.10. He attributed this prediction to the fact that speculative assets like DOGE experience heavier losses in bear markets. Finally, DeepSeek, which shared its lowest level predicted for XRP in 2025, predicted that the coin could decline to the $0.76 to $1.22 region if it encounters any legal obstacles. *This is not investment advice. Continue Reading: We Asked Chinese AI DeepSeek: Where Will Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and XRP Prices Fall the Furthest in 2025?
The cryptocurrency market remained relatively stable on Friday, recording only slight losses as investors reacted to the Federal Reserve's decision, announced two days earlier, to keep interest rates unchanged. Bitcoin (BTC) is down 2% in the past 24 hours, hovering around $103,000. Ethereum (ETH) rose 2% to $3,330. Meanwhile, XRP dropped 2%, and Solana (SOL) dipped 3% to $232. The overall cryptocurrency market capitalization dipped by 2% to $3.7 trillion, according to CoinGecko. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
The first country to use Bitcoin ( BTC ) as a legal tender has reportedly passed a new law that will scale back its crypto efforts. Reuters reports that on Wednesday, lawmakers in El Salvador approved a bill to amend the nation’s Bitcoin law in compliance with a deal that the government struck with the International Monetary Fund (IMF). In December, the government of El Salvador and a staff team from the IMF reached a deal for a $1.4 billion loan facility after agreeing that the Central American nation would allow businesses to decide whether they want to accept cryptocurrency payments. El Salvador intends to use the fund to support economic reforms. The IMF says the arrangement under the Extended Fund Facility (EFF) will mitigate the country’s Bitcoin-related risks. “The potential risks of the Bitcoin project will be diminished significantly in line with Fund policies. Legal reforms will make acceptance of Bitcoin by the private sector voluntary. For the public sector, engagement in Bitcoin-related economic activities and transactions in and purchases of Bitcoin will be confined.” El Salvador’s congress, which is dominated by President Nayib Bukele’s New Ideas Party, approved the reform with 55 votes in favor and two against. The agreement is still subject to the approval of the IMF Executive Board and conditioned on EL Salvador’s fulfillment of the terms. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post El Salvador Passes New Bitcoin (BTC) Legislation Tied to New IMF $1,400,000,000 Funding Deal: Report appeared first on The Daily Hodl .
Wall Street is rewriting the rules, and not everyone’s excited. Plans are reportedly underway to stretch stock market hours to near 24/7 trading, and while that sounds like a good idea for this author and other night owls glued to trading apps, it spells bad news for Bitcoin and potentially for the US economy. The New York Stock Exchange (NYSE), which is the largest and most influential stock market in the world, wants to extend its hours from 4 a.m.–8 p.m. to a longer stretch of 1:30 a.m.–11:30 p.m. Already, in 2024, the SEC approved 24 Exchange (24X), a Bermuda-based group funded by billionaire hedge fund manager Steve Cohen’s Point72 Ventures. They plan to offer nearly continuous trading for stocks, leaving just one hour of downtime each day for system updates. Overnight traders are already running the show Robinhood’s late-night trading spike on Monday during DeepSeek’s short-lived rise, which triggered the second-highest volume in the platform’s overnight session, second only to the US presidential election. For Robinhood, this isn’t new. They’ve been offering overnight trading for the past 18 months. But the fact that this session ranked so high shows how deep the appetite for around-the-clock trading is. Retail investors, once known for checking their portfolios during lunch breaks, are now trading Amazon and Tesla at midnight from their couches. We’re using trading apps as easily as we shop online. The pandemic helped create this behavior after our hero, Roaring Kitty (Keith Gill), showed us what was possible. When the world was locked down, we found trading stocks as entertaining as binge-watching Netflix. And then we found Kitty’s live streams, where he kept talking about the market in such a fun and effortlessly cool way that it just had to draw us in, especially the Gen Zs. So even after we got off work or school, many were stuck with after-hours trading, and Robinhood gave them the tools. But the overnight session from 8 p.m. to 4 a.m. in New York also connects directly to Asia, where household investors love trading major US stocks during their daytime hours. Wall Street’s larger push for non-stop action Meanwhile, Charles Schwab has also jumped in, offering overnight trading to its most active clients. Schwab’s clients can now trade over 500 stocks and ETFs after hours, up from just 24 ETFs before. This is making Wall Street rethink everything. When does a trading day officially begin and end if markets are always open? What will the closing price of a stock mean when there’s no clear “end of the day”? Asset managers like BlackRock (who is actually also a Bitcoin whale) also worry about waking up to margin calls and overnight price swings. Historically, US stock markets stuck to traditional business hours. Even in the early days of informal trading in Manhattan coffee houses, there were clear opening and closing bells. But crypto never followed those rules. Bitcoin’s always-on trading environment changed the game forever. That’s why Wall Street’s move to non-stop trading will steal Bitcoin’s thunder. Investors who used to see Bitcoin as a 24/7 alternative might now choose Apple or Tesla instead. I mean quite frankly they’re way more stable. It feels much safer going to bed with TSLA or NVDA than BTC. It’d take a lot (like a full-blown financial crisis or a company filing for bankruptcy) for these stocks to lose 15% of their value overnight. Can we say the same about Bitcoin? The dollar already trades 24/7, and futures contracts tied to the S&P 500 are traded across global time zones, from Tokyo mornings to European afternoons. With stocks set to join the mix, Bitcoin’s exclusivity as a round-the-clock market is slipping away right before our very eyes. But there’s also a dark side to this. A non-stop market makes price swings inevitable. Global events hit instantly. Political chaos in Asia, a tech announcement in Silicon Valley, or some eccentric billionaire’s tweet at midnight can flip Bitcoin’s price in seconds. And things get wilder during weekends or late-night hours when there’s less trading volume. In a continuous trading world, there’s no time for markets to “digest” anything. Investors hit the panic button (or the buy button) right away, and prices across both stocks and Bitcoin could whiplash more than ever. Think about it: crypto traders love the flexibility of trading anytime, anywhere. But if stocks offer that same flexibility, some of these traders could switch sides. Retail investors who’ve grown accustomed to Bitcoin’s 24/7 lifestyle might test the waters in a round-the-clock stock market. And if they find it less nerve-wracking, Bitcoin could lose part of its fanbase. Implications for the US economy The proposed 24/7 trading could make US markets way more attractive to foreign investors. Think about someone in Tokyo or Dubai—traditional US market hours aren’t exactly convenient for them. Now, with round-the-clock access, they can jump in whenever they want. This could open the floodgates for foreign money pouring into US equities, making Wall Street an even bigger player in the global economy. But with that comes increased competition and, of course, higher stakes. That means if something like DeepSeek happens again and the market loses trillions of dollars again, it’ll be felt everywhere. And the crash will be much faster, and much bigger. Also, regulatory bodies like the SEC will have to work overtime too, making sure these markets are not being manipulated, which is going to get a lot harder as it goes on. Lower liquidity during off-hours is prime time for market manipulation. With fewer players in the game, it’s easier for bad actors to push prices around, creating opportunities for pump-and-dump schemes and all kinds of other shady behavior, which will spill over to the stock market as it gets more and more correlated to Bitcoin. Economic indicators used to be digested slowly. You’d get a report at 8:30 AM, and markets would adjust after the opening bell. But 24/7 trading? that could change. Now, news from any corner of the world could trigger immediate reactions in stocks, crypto, and even bonds at any hour. The markets won’t sleep, and neither will the traders trying to keep up. It’s actually could be a dystopia, and at that point, there ain’t no stopping it.
A representative for the Las Vegas Sphere has denied any agreement to feature the Dogwifhat meme coin at the venue, according to a report by Decrypt. This statement contradicts claims made by Dogwifhat ( WIF ) token supporters “We have never had a deal with Dogwifhat, and our agency at the time only had one very preliminary conversation early last year,” a Sphere spokesperson told Decrypt. The spokesperson further clarified that there was never a plan for Dogwifhat to appear on the Exosphere and expressed concern that the venue’s name was being misused for deceptive purposes. it was the story of a dogwifhat, but a scammer took 600k from it and spend it on party and bitches instead of bidding bitcoin https://t.co/OIwOyqM7bA pic.twitter.com/greXycbis3 — Marusha (@mattomattik) January 31, 2025 The denial follows a now-deleted post from Dogwifhat’s official X account that stated, “Officially confirmed. Viva hat vegas,” accompanied by an artist’s rendering of the meme dog on the Sphere. A revised version of the post later removed the confirmation but retained the artwork, which featured a phone screen displaying “Q1 2025.” In March 2024, five organizers raised from WIF supporters to fund a Sphere advertisement, driving the token to an all-time high of $4.83. However, as no campaign materialized, criticism grew, with many demanding refunds. You might also like: Coinbase acquires Spindl for better onchain advertising