Bitcoin price has regained upward traction, trading back above $105,000 after a temporary dip below $104,000 earlier today. This 1.2% increase over the past hour reflects renewed optimism in the market. Amid this price performance, Crypto Dan, a CryptoQuant analyst has shared his analysis of on-chain data and market behaviors that may shape Bitcoin’s trajectory in the weeks and months ahead. Related Reading: Bitcoin Outflows Signal Bullish Strength As Demand Remains High At $100K – What This Means Bitcoin Bullish Market But Caution According to Dan, the amount of Bitcoin held for less than six months continues to show notable growth with each market cycle. This trend suggests that as Bitcoin’s appeal widens, new capital inflows—particularly from the expected introduction of Bitcoin spot ETFs—could further drive demand. Dan anticipates that both institutional and retail investors will ramp up their involvement as these ETFs gain traction by the first half of 2025. Additionally, while current indicators remain bullish, Crypto Dan warns that surging interest in Bitcoin and altcoins, paired with an influx of new investors, could signal that the current cycle may be nearing its peak. If Bitcoin pushes through its all-time high with significant momentum, and altcoins follow suit, it could trigger a wave of inflows that may mark the cycle’s final stages. Dan advises investors to start considering risk management strategies. The Crypto Market Remains Bullish… But It’s Time for Caution “If Bitcoin breaks through its all-time high with strong momentum and altcoins follow suit, triggering a wave of new investor inflows, it may indicate that the end of the cycle is approaching.” – By @DanCoinInvestor… pic.twitter.com/NvKB8Ly1DE — CryptoQuant.com (@cryptoquant_com) January 31, 2025 Diverging Inflows from Retail and Whales This cautionary note is reinforced by observations from another CryptoQuant analyst, Darkfost, who highlights a discrepancy in the behavior of retail investors and whales. According to recent Binance data, retail investors have significantly increased their BTC deposits over the past month, with inflows reaching approximately 6,000 BTC. In contrast, whale activity on Binance has dwindled, with their BTC inflows dropping to around 1,000 BTC—a fourfold decrease. Darkfost notes that retail investors often use exchanges to liquidate their holdings, whereas whales’ reduced inflows suggest they are holding onto their Bitcoin. Related Reading: Bitcoin Price Enters Ascending Phase After Cup And Handle Formation At $105,000, Here’s The Next Target This contrasting behavior offers insights into broader market sentiment: retail participants appear eager to capitalize on short-term gains, while larger, more established investors maintain a more cautious stance. Historically, following whale behavior rather than retail trends has provided a more reliable signal for long-term market moves. Darkfost highlighted this noting: This is a perfect example of the contrasting behaviors between whales and retail traders and it is often considered a better choice to follow whales rather than retail investors Featured Image created with DALL-E, Chart from TradingView
While Bitcoin (BTC) proved it’s possible by delivering exponential returns to early investors, the spotlight now shines on OFFICIALMAGACOIN , a newcomer that could replicate such success. With a presale price under $0.20 and a rapid rise in popularity, OFFICIALMAGACOIN is capturing the imagination of crypto enthusiasts who believe that $300 today could turn into $999,000 in the near future. Why OFFICIALMAGACOIN Could Transform Your Investment 1. Early-Stage Opportunity OFFICIALMAGACOIN is still in its presale phase, offering a ground-floor opportunity for investors to buy in before the token gains mainstream attention. This is the stage where gains of 1,000x or more become achievable, as seen with Bitcoin in its early days. 2. Exclusive AvailabilityUnlike widely distributed coins, OFFICIALMAGACOIN is exclusively available at OFFICIALMAGACOIN.COM . This exclusivity drives demand, ensuring that early adopters benefit as interest surges. 3. Record-Breaking Presale SuccessRaising over $1 million in presale funds in record time, OFFICIALMAGACOIN has already proven its appeal among investors. Such strong initial support is a hallmark of projects poised for explosive growth. 4. Massive Growth PotentialExperts are predicting OFFICIALMAGACOIN could follow in Bitcoin’s footsteps, transforming small investments into extraordinary returns. With its low entry price and strong market momentum, the potential for turning $300 into $999,000 feels more achievable than ever. How It Stacks Up Against SOL, MATIC, KAS, and BTC Bitcoin (BTC): A proven store of value, but its days of exponential growth are behind it. Solana (SOL): Fast and scalable, but its market is maturing, making massive gains less likely. Polygon (MATIC): A strong performer in Ethereum scaling, but it lacks the exclusivity and newness of OFFICIALMAGACOIN. Kaspa (KAS): An up-and-coming blockchain project with potential but without the momentum OFFICIALMAGACOIN is generating. Don’t Miss Out on OFFICIALMAGACOIN The chance to turn $300 into $999K doesn’t come often, but OFFICIALMAGACOIN might just be that opportunity. With its affordable price, exclusivity, and massive growth potential, it’s a must-watch for 2025. Secure your tokens now at OFFICIALMAGACOIN.COM and stay updated on their journey via Twitter/X. Website: officialmagacoin.com Twitter/X: https://x.com/officialMAGAx Continue Reading: Could OFFICIALMAGACOIN Outperform SOLANA in 2025? What Analysts Think!
ETF Flows: 31 Jan 2025 Bitcoin ETFs See $318.6M Net Inflows Ethereum ETFs See $27.8M Net Inflows ————— 💰Coin: Bitcoin ( $BTC ) $102,436.80 Ethereum ( $ETH ) $3,302.66 —————
Ethereum price consolidation over the past few weeks, coupled with its lackluster performance in 2024 and 2025, has caused investors to lose hope. However, very few analysts believe that ETH could be ready for a massive uptrend. With Vitalik Buterin’s assurance that the blockchain will never abandon its values and short-term holders capitulating, Ethereum price may be primed for a massive rally to $5,000 in February 2025. Ethereum performance in 2024 was disappointing. In 2025, while Bitcoin (BTC) is up 8%, ETH price today is around -1.4%. However, this outlook might have changed during month-end volatility that caused a massive capitulation. Ethereum Price Crash Triggers Holder Capitulation, Trend Reversal Likely On January 31, Ethereum price rose 5.87%, which was nothing unusual, but closed the day at a 1.65% gain. This sudden uptick and reversal, according to Santiment data , caused a massive capitulation. The Network Realized Profit/Loss (NPL) indicator flashed capitulation as 601 million ETH were exchanged at a loss. History shows that these capitulations are bottom signals, and price often kickstarts an uptrend soon thereafter. Here are some examples where capitulation was followed by double-digit uptrends: On August 5, 2024, when this indicator flashed capitulation signal, Ethereum price shot up 29% in the next three days. On September 10, 2024, ETH reversed 6% in three days but extended the gains to 17% in the next two weeks. Although the capitulation on November 19, 2024, was relatively small, it led to a 33% rally in the next 17 days. ETH Network Realized Profit/Loss The Market Value to Realized Value (MVRV) Ratio shows a similar outlook to the NPL indicator and confirms that capitulation could be from short-term holders. The 30-day, 60-day and 90-day MVRV that shows the average profit or loss of investors who purchased ETH in the past 30, 60 and 90 days ago sits at 0.62%, -3.88%, -2.36%, respectively. Only the 180-day MVRV hovers around 6.32%, which is the average profit of investors that purchased ETH 180 days ago. ETH 30, 60, 90, 180-day MVRV With many short-term holders sitting at a loss, the probability of Ethereum price triggering a reversal is high. Is $5,000 Possible in February 2025? There are multiple signs that suggest Ethereum price could hit $5,000 in February 2025. The first data point is the historical returns, which indicates that returns in the post-halving years are supporting altcoin rally. Furthermore, the daily chart shows Ethereum price is hovering inside a falling wedge setup. This pattern is formed by connecting ETH’s four lower highs and three lower lows since December 16, 2024. This technical formation forecasts Ethereum price target of $4,000 after a 17% rally. This target is obtained by adding the distance between the wedge’s first swing high and swing low to the breakout point of $3,222. ETH/USDT 1-day chart While the falling wedge is bullish, here are key resistance levels that could threaten the uptrend: $3,592, $3,975, and $4,069. Once the $4,000 psychological level is cleared, ETH will attempt a revisit to its ATH at $4,877. After clearing this level, Ethereum price prediction hints at a retest of the $5,000 psychological level. The post Can Ethereum Price Hit $5,000 in February as ETH Holders Capitulate? appeared first on CoinGape .
HodlX Guest Post Submit Your Post The cryptocurrency industry is entering a new phase of development amid a series of contentious events – from high-profile political statements and promises to pardon certain ‘icons’ of the darknet community to the new administration’s discussed course on serious blockchain sector reforms. In this article, I will share my opinion on how events related to Donald Trump’s inauguration will impact the crypto market, what initiatives might be implemented after February 20, 2025 and what lessons can be learned from years of interaction between the state and digital assets. Trump and Republicans – Monopolizing power and the risks of a split According to some statements, a unique situation is currently unfolding in which Republicans have gained the majority in both Congress and the Senate, as well as in the House of Representatives. This grants them the ability to pass laws more swiftly and confidently and to lobby initiatives, including those related to cryptocurrency regulation, Big Tech and more. However, a monopoly on power carries the risk of internal division if parts of the party find the course too radical or dangerous for their constituents. The role of Elon Musk and potential conflicts Elon Musk is a prominent figure whose statements influence crypto markets , geopolitics and global business. Some commentators suggest the following. Musk is engaging in political games – By supporting Trump, Musk may be participating in political maneuvers that could lead to serious problems for him, including investigations or legal prosecutions from other nations and even the United States. Diverging interests – I f Musk’s and Trump’s interests diverge at some point, Musk risks becoming a target, which could severely impact all his projects. Market volatility – The collapse of ‘Musk coins’ or a sudden shift in market sentiment could trigger a global wave of distrust in crypto, especially among retail and institutional investors. Amnesty for the darknet network founder President Donald Trump signed an executive order for the full and unconditional pardon of Ross Ulbricht, the creator of the darknet marketplace Silk Road, who was serving a double life sentence. Many fear that such actions by the authorities could once again shape the media narrative to equate ‘cryptocurrency with illegal operations, fraud and scams.’ This reputation hindered the institutional recognition of Bitcoin and other cryptocurrencies in the early 2010s and could negatively affect them now. As a result, here are the possibilities that could occur. Reputational damage to the crypto market – The crypto market could suffer a reputational hit. Institutional investors pulling back – Institutional investors, already wary due to volatility and past incidents, might retreat once more. User concerns – Some users may fear that ongoing legal cases and repressive measures will ‘brand’ crypto as a national security threat (as seen in previous KYC/AML discussions). Tornado Cash and mixers – Double standards or necessary control Tornado Cash allows transactions on the Ethereum network to be mixed, obscuring the trail between sender and receiver. This increases privacy but also introduces risks, such as the following. Illicit use – Such services are often used to launder funds obtained illegally, including from sanctioned jurisdictions. Sanctions by OFAC (The US Office of Foreign Assets Control) – OFAC imposed sanctions on Tornado Cash, deeming it a tool for money laundering to circumvent sanctions. Vitalik Buterin stated that after Ross Ulbricht’s release, the next targets might be Tornado Cash team members Alexey Pertsev and Roman Storm. If similar leniency is shown as with the creator of the largest darknet marketplace, it will raise additional suspicions that the new authorities are encouraging gray schemes. Risks for the crypto market and future scenarios 1. New wave of FUD (Fear, uncertainty and doubt) Potential amnesty for crypto market icons – The possible pardon of key figures in underground crypto markets could trigger negative media reactions. Public perception – Society might once again view cryptocurrency solely as a tool for criminal activities and money laundering. 2. Regulatory pressure Increased control – With the strengthening of Republican power and societal disagreements, regulators may begin to enforce stricter controls over crypto operations. New legislation – New laws could emerge that require the disclosure of user data. 3. Influence of major personalities Market volatility – If major players continue to abruptly change their views, pump or dump certain assets, volatility could increase sharply. Political missteps – An unsuccessful political maneuver could lead to lawsuits or impeachment, which would have immediate repercussions across the entire technology sector and further impact crypto. 4. Collapse or restructuring scenario Rebranding as a shadow economy – If cryptocurrency is once again branded as part of the shadow economy, institutional capital might decrease, and the market could enter another crypto winter. Industry cleansing – On the other hand, some analysts believe that after each such period, there is a cleansing of scam projects, and the industry becomes stronger in the new cycle. Conclusion The situation surrounding crypto remains contradictory. On one hand, there are signs of the mass adoption of digital assets. On the other hand, political factors, high-profile criminal cases and amnesties of scandalous figures could revert the market to a state of total distrust. High stakes in the political arena – toxic cases like Silk Road and Tornado Cash, as well as potential conflicts involving Elon Musk – heighten caution. It is not out of the question that in the coming months we will witness significant regulatory changes in the United States capable of affecting the global crypto market. Yaroslav Kalynychenko is the head of marketing at Generis Web3 Agency and an expert in promoting crypto, fintech and innovative digital solutions. Check Latest Headlines on HodlX Follow Us on Twitter Facebook Telegram Check out the Latest Industry Announcements 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 loses 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. The post Political and Geopolitical Factors Influencing the Crypto Market – Trump, Musk, High Stakes and Silk Road appeared first on The Daily Hodl .
The crypto prices on Saturday have shown mixed actions as broader macroeconomic events unfolded. Bitcoin (BTC) price showcased a waning movement to reach $102K, whereas Ethereum (ETH) and meme coins witnessed an upward intraday action. Simultaneously, QTUM emerged as the leader of the sector today, witnessing a staggering 40% uptick in value. Let’s take a closer look at some of the most trending coins for the day and broader market developments. Crypto Prices Today (February 1): BTC Wanes, ETH & Meme Coins Up The broader crypto market appears to be digesting the latest PCE inflation data release, which showed a 2.6% increase for December (YoY), per BEA data . Simultaneously, BTC price witnessed a waning action to reach $102K. Further, the global cryptocurrency market cap saw a 1.3% decrease to $3.49 trillion. However, ETH and meme coins like DOGE, SHIB, and PEPE have illustrated rising trajectories, sparking market speculations. Besides, the global market volume also rose by nearly 16% intraday to reach $121.57 billion. BTC Price At $102K BTC price witnessed a 2% drop at the time of reporting, reaching $102,273. Its intraday low and high were $101,543.88 and $106,026.35, respectively. Bitcoin’s dominance sipped 0.16% from yesterday, reaching 58.08%. Further, U.S. spot Bitcoin ETFs recorded only $241.28 million worth of inflows over the past week, per Sosovalue data of Jan 30 that excludes BlackRock data. The flagship crypto sees volatility amid reduced institutional interest and broader macroeconomic data release. ETH Price Jumps However, ETH price has gained nearly 2% in the past 24 hours, reaching $3,290. The coin’s intraday bottom and peak were $3,214.94 and $3,437.57, respectively. Notably, the rising trajectory comes against the backdrop of massive buying by ETH whales . Nevertheless, it’s also worth mentioning that U.S. Ethereum ETFs registered outflows worth $73.29 million over the past week, per SosoValue data as of Jan 30 that excludes BlackRock. XRP Price Today Besides, XRP price slipped nearly 2% over the past day and is currently resting at $3.04. The coin’s 24-hour low and high were $3.01 and $3.11, respectively. Intriguingly, despite the asset’s price consolidation near the $3 mark over the days, a massive rally looms, per XRP price analysis by CoinGape. With historical trends in mind and the odds of an XRP ETF approval gaining weight, investors remain bullish over future movements. Solana Price Drops SOL price also witnessed a nearly 2% dip in value and is currently trading at $231. The coin’s intraday bottom and peak were $228.48 and $241.67, respectively. The current sluggish movement is primarily attributed to the broader market trend. Meme Crypto Prices Today Besides, the meme crypto sector glimmers immense optimism on Saturday. Notably, DOGE price witnessed a slight gain of 0.5% and traded at $0.3279. Further, SHIB price gained by a notable 2.5% to reach $0.00001903. Also, PEPE price surged by a whopping 7.5% intraday, reaching $0.0000138. Overall, the leading meme coins showcased a rising action despite the broader market trend. Top Crypto Gainer Prices Today QTUM Price: $3.98 24-Hour Gains: +40% Pudgy Pneguing (PENGU) Price: $0.01639 24-Hour Gains: +13% LidoDAO (LDO) Price: $2.30 24-Hour Gains: 12% Neo (NEO) Price: $14.93 24-Hour Gains: +10% Top Crypto Loser Prices Today Fartcoin (FARTCOIN) Price: $0.8936 24-Hour Loss: -14% Official Melania Meme (MELANIA) Price: $1.84 24-Hour Loss: -10% SPX6900 (SPX) Price: $1.17 24-Hour Loss: -8.%% Onyxcoin (XCN) Price: $0.03169 24-Hour Loss: -7% Nevertheless, future prospects for the broader market remain bullish as market experts believe the bull cycle has yet to peak. Renowned expert Michaël van de Poppe posted on X , despite the rising inflation, stating that it is very “hard to say that the bull market has peaked.” This statement comes as Michaël spotlights how institutions and the entire U.S. government is interested in Bitcoin and adopting Web3. The post Crypto Prices Today Feb 1: BTC Slips, ETH & Meme Coins Surge, QTUM Up 40% appeared first on CoinGape .
The post SEC’s Legal Battle with XRP Could Delay ETF Approval, Bloomberg Analyst Warns appeared first on Coinpedia Fintech News As January ends, the excitement around XRP and its potential ETF is building. Grayscale has officially filed for an XRP spot ETF on the NYSE, and this has investors buzzing. Grayscale has been a key player in pushing forward Bitcoin and Ethereum spot ETFs, which makes their move toward XRP important. This filing could pave the way for more crypto ETFs. Other companies, such as Canary Capital and Bitwise, have also applied for XRP spot ETFs. There’s even talk about BlackRock potentially submitting their own ETF application for XRP, and Grayscale has also filed for a Solana spot ETF. Meanwhile, companies like 21Shares, Bitwise, and Frank Templeton are considering their own applications for various crypto ETFs, including Dogecoin and Litecoin. The SEC has already acknowledged Litecoin’s ETF application, and while Bitcoin and Ethereum initially launched as Futures ETFs before becoming spot ETFs, Grayscale played a major role in that process. This growing momentum for crypto ETFs is undeniably bullish for the industry, particularly for coins like XRP that might eventually see ETF approval. However , Bloomberg analyst James Seyffart has issued a warning, suggesting that while XRP ETFs might be approved in 2025, it’s likely that ETFs for other cryptocurrencies, such as Litecoin, will be prioritized. He said that the ongoing SEC lawsuit regarding XRP, which argues that the cryptocurrency is a security, remains a barrier to its ETF approval. “There’s some more work that needs to be done on that front that doesn’t need to happen with something like Litecoin. The SEC has never called Litecoin a security so, I wouldn’t be surprised if you see Litecoin come first,” he said.
According to data sourced from Farside and Trader T, the US Bitcoin Spot ETF has witnessed a substantial net inflow of approximately $318.3 million on January 31st. This marks the
Data shows the stablecoins USDT and USDC have been seeing capital inflows recently, something that could turn out to be bullish for Bitcoin. Top 2 Stablecoins Have Seen Their Market Caps Grow Recently In a new post on X, the on-chain analytics firm Santiment has discussed about the latest trend in the market caps of the top two stablecoins: USDT and USDC. Below is the chart shared by the analytics firm, that shows the data for the 30-day change in the market caps of the two cryptocurrencies. As is visible in the graph, the 30-day percentage change in the market cap of USDC has spiked to sharp positive levels recently, implying that the stablecoin has been growing at a rapid rate. Unlike USDC, which has seen sustainable growth for the last few months, USDT kicked off the year 2025 with its 30-day market cap change dipping into the negative territory. Since bottoming at around -2% earlier in the month, though, momentum has returned for the asset as the indicator has just turned back green. Related Reading: Bitcoin HODLer Selloff Extends To 1.1 Million BTC As Profit-Taking Continues This means that at present, both of the two stablecoin giants are enjoying an increase in their market caps. Historically, growth in these fiat-tied tokens is something that has been bullish for Bitcoin and other volatile cryptocurrencies. The reason behind this is the fact that investors who store their capital in the form of stablecoins generally plan to invest into the volatile side of the market eventually. When they buy BTC with their stables, its price naturally receives a positive effect. The most bullish scenario for the sector occurs when both Bitcoin and the stablecoins witness a rise in their market caps. Such a setup implies both sides of the market are getting net capital inflows. When only one rises while the other goes down, it means capital is merely seeing a rotation between the two. The recent inflows into USDT and USDC have come while BTC has been consolidating sideways. This suggests the capital entering into the stables is fresh, as BTC would have gone down if it was otherwise. At the same time, BTC itself isn’t seeing any direct inflows, hence the flat price action. Related Reading: Ethereum MVRV Forms Signal That Last Led To 40% Price Crash Usually, stablecoin holders deposit to centralized exchanges when they want to purchase the volatile cryptocurrencies. Thus, the number of stable deposits into these platforms can tell us about whether large-scaling buying of this type is happening or not. An analyst has shared the data for the metric in a CryptoQuant Quicktake post. From the above chart, it’s apparent that the indicator is following a flat trajectory right now. An increase in it, like the one witnessed earlier, may provide fuel for a further rally for Bitcoin. Bitcoin Price At the time of writing, Bitcoin is floating around $104,800, down 1% in the last week. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
According to COINOTAG News on February 1st, the BlackRock iShares Bitcoin ETF (IBIT) has made notable strides, achieving a remarkable total net asset value return of +132.2%. This milestone sets