The cryptocurrency market seemed to be in its recovery phase over the past week, with most large-cap assets recording significant gains to close the week. Specifically, the XRP price performance was the cream of the crop, with the altcoin showing strong signs of resurgence. The XRP token has picked up this year from where it left off in 2024, posting double-digit profit over the previous week. This single-week performance helped push the altcoin to become the third-largest cryptocurrency by market capitalization, displacing the USDT stablecoin. Can The Price Of XRP Soar 350% In 2025? In a recent post on the X platform, crypto analyst Ali Martinez shared an interesting analysis of the XRP price that captures the altcoin’s potential trajectory over the next few months. According to the crypto pundit, the third-largest cryptocurrency could be on track for a rally to around $11. Related Reading: MARA CEO Advocates “Invest And Forget” Approach To Bitcoin, Citing Strong Historical Performance The reasoning behind this prediction is the formation of a “massive” bull pennant price pattern on the 12-hour chart. A pennant is a technical analysis pattern characterized by a price spike (the flagpole) followed by a consolidation range with converging trend lines (the pennant) followed by a price breakout in the same direction as the initial flagpole. The pennant pattern looks similar to a bull flag, except that the latter’s consolidation range looks like a rectangle rather than a triangle. The bull pennant similarly serves as a continuation pattern, indicating the persistence of an upward trend. From the highlighted chart above, the relevant level to watch here is the $2.73 level, which is a significant resistance region. According to Martinez, a price correction to $2.05 is possible if the XRP witnesses rejection around the $2.73 mark. If the XRP price successfully breaches and closes above the $2.73 level, the altcoin could travel to a new all-time high of $11. This represents an over 350% rally from the current price point. XRP Price At A Glance As of this writing, the price of XRP stands at around $2.42, reflecting a 1% decline in the past 24 hours. This decline has yet to impact the weekly performance of the altcoin, with the XRP price up by more than 16% in the last seven days. Related Reading: Coinbase Premium Index Reaches Two-Year Low At -0.23%: Impact On Bitcoin Price Unveiled As mentioned earlier, the XRP token now ranks as the third-largest cryptocurrency by market capitalization in the digital asset sector. According to data from CoinGecko, the altcoin boasts a market cap of more than $139.1 billion. Featured image from iStock, chart from TradingView
Will bulls finally be able to reclaim this key level?
Cryptocurrency analytics firm MarktQuant has shared its latest outlook on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), focusing on liquidation heatmaps that show key price levels for potential market moves. According to MarktQuant, Bitcoin is showing significant long liquidation concentration around the $90,000 level, identifying this level as a critical downside target. However, most of the short liquidations have been cleared to $99,000. While a near-term reversal seems likely, analysts noted that there is still a possibility that Bitcoin could test the $101,000 short liquidation cluster before a significant downside move occurs. “In this scenario, caution and patience are advised,” the statement emphasized. Related News: Giant Bull Michael Saylor Reveals What Will Happen to His Bitcoins After His Death According to MarktQuant, Ethereum’s liquidation patterns suggest that short liquidations at current levels are insufficient to sustain upward momentum. Meanwhile, long liquidations are increasingly clustering around the $3,300 level, marking that level as a possible pullback target. “This growing cluster suggests that a pullback to $3,300 is a realistic possibility in the near-term,” the analysis concluded. For Solana, the $185 price level stands out due to a significant long liquidation cluster. MarktQuant notes that liquidation volume at this level exceeds all other price zones, making it a key downside target in case the market weakens. *This is not investment advice. Continue Reading: Analytics Firm Shares Critical Levels for Bitcoin, Ethereum and Solana – Here’s What to Watch
Current market prices show slight losses in altcoins while BTC remains stable. Analysts predict potential growth for XRP and MOVE Coins in the near future. Continue Reading: Market Insights: Price Targets for XRP and MOVE Coins Captivating Traders The post Market Insights: Price Targets for XRP and MOVE Coins Captivating Traders appeared first on COINTURK NEWS .
MicroStrategy (MSTR) has turned into a Wall Street circus act, and its stock feels like it’s auditioning for a meme stock reboot. One so iconic, it’d put Roaring Kitty to shame. Investors are glued to this suburban Virginia-based company, not because it’s a leader in data analytics (does anyone even care about that anymore?), but because it’s become a walking, talking Bitcoin experiment. Thanks to its relentless Bitcoin-buying spree, MicroStrategy is now treated like a crypto ETF with a sprinkle of retail investor frenzy. The numbers? Wild. MSTR soared by 358% in 2024, even making its way into the Nasdaq-100 club. But as Bitcoin cooled off in December, MicroStrategy gave back 25% of its gains. Still, a yearly performance like that is the kind of stuff that gets the nerds crazy. But is this company a genius for riding the Bitcoin wave or just another potential victim of hype-fueled chaos? Let’s dig in. MicroStrategy’s Bitcoin obsession Michael Saylor, MicroStrategy’s executive chairman, is the guy who turned this ship into a Bitcoin casino. His playbook? Buy Bitcoin. Then buy more Bitcoin. And when in doubt, raise billions in debt to—surprise—buy even more Bitcoin. Yes, he is a very special guy. The company started its crypto journey in 2020, calling it a “defensive” strategy to preserve shareholder value. By 2024, defense turned offense, and MicroStrategy just couldn’t stop. During the year alone, these guys bought Bitcoin 18 times, and eight of those were after the November presidential election. MicroStrategy now holds a jaw-dropping 446,400 Bitcoin, or about 2% of the entire global supply. Saylor calls this the “forever” strategy, comparing Bitcoin to Manhattan real estate. “We’ll keep buying the top forever,” he has declared , leaning on the fact that Bitcoin’s price has never been lower over a five-year period. That’s impressive, sure, but it comes with a side of risk. Bitcoin is famously volatile, with historic drawdowns of 30% or more, even in bullish markets. Yet MicroStrategy’s strategy hinges on long-term gains. Its debt doesn’t come due until 2029, and analysts argue that the odds of Bitcoin’s value being lower by then are slim. The meme stock parallels Saylor has fully embraced meme culture, plastering his social media with rocket ship emojis and Bitcoin memes that make him look like the pope of the crypto church. He plays around with AI and makes fun images of himself with Bitcoin. Thinking about Bitcoin. pic.twitter.com/aV42LzSjBp — Michael Saylor⚡️ (@saylor) January 4, 2025 Mark Palmer, an analyst at Benchmark Co., says this behavior makes sense. “What Michael Saylor has done over the past few years is draw attention to what MicroStrategy is doing by embracing social media and meme culture,” he explained . “He hasn’t shied away from over-the-top promotion.” This approach has worked to some extent, as MicroStrategy has cultivated a crypto-native cheering section. But it’s also invited skepticism. Meme stocks like GameStop and AMC have taught us that hype-driven investing can collapse just as fast as it rises. And while Bitcoin has a lot more substance than Reddit-fueled stock plays, the volatility remains real. MicroStrategy’s stock moves almost in sync with Bitcoin, which means any crypto dip hits its shares hard. In 2022, during a Bitcoin bear market, the company’s stock plunged 74% while Bitcoin itself fell 64%. Despite the carnage, MicroStrategy survived. The company emerged from the rubble and doubled down on Bitcoin, becoming even more aggressive in 2024. What’s next for MicroStrategy? MicroStrategy isn’t ever slowing down. Earlier this week, the company announced plans to raise $2 billion through perpetual preferred stock offerings. This is part of its ambitious “21/21 Plan,” which plans to raise $42 billion over three years—half through equity, half through fixed-income instruments—all to buy more Bitcoin. But wait, there’s more. The company is asking shareholders to approve a proposal to increase its authorized common stock from 330 million to 10.3 billion shares. If that sounds like a dilution nightmare, it is. However, Michael Saylor controls 46.8% of the company’s voting power, so this plan is likely to pass. Meanwhile, Bitcoin itself is flirting with $100,000 again, and analysts are throwing out wild predictions. A report from H.C. Wainwright, a 156-year-old investment bank, predicts Bitcoin would hit $225,000 this year, thanks to growing institutional adoption and ‘crypto president’ Donald Trump. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
The price of Bitcoin has shown no significant movement in the past day following a price rebound at the start of January 2025. Currently trading near $98,000, speculation is mounting about whether Bitcoin has exited its correction phase, with high expectations of an impending bull market. Related Reading: Short-Term Bitcoin Holders See 10% Profit – Potential Impact On Price? Strong Bitcoin Support Zone Emerges Between $95,090-$96,531 In an X post on January 4, digital asset analysis platform More Crypto Online shared an insight on the present state of the Bitcoin market. With the application of the Elliott Wave Theory, these analysts deduced that Bitcoin’s price may have developed a potential 5-wave pattern which can be indicative of a bullish movement. For context, the Elliott Wave Theory works on the basis that financial markets move in predictable patterns due to investor psychology and natural market rhythms. The 5-wave pattern also known as the impulsive wave pattern generally moves in the direction of the larger trend. With Bitcoin still in a bullish shape despite recent corrections, the completion of the 5-wave pattern to the upward direction indicates a strong price rally i.e. BTC is out of correction with a focus on new highs. However, in order to solidify this notion of impending new all-time highs, Bitcoin must break above the December 26th price peak of $99,900 which represents a major resistance level. In the advent of any rejections/retracements amidst this bullish charge, the crypto analysts at More Crypto Online have pinpointed a significant support zone between $95,090 – $96,531 capable of acting as a cushion for retest. Albeit, if there is an overwhelming selling pressure, Bitcoin could slide as low as $92,950 representing a potential 5.5% fall from its current market price. Related Reading: Dogecoin Weekly RSI Approaches The MA Line, Can Price Resume Uptrend To Break $0.74 ATH? BTC Price Overview At the time of writing, Bitcoin is trading at $97,227 reflecting a 0.21% gain in the past 24 hours. Meanwhile, the asset’s daily trading volume has dipped by 17.25% and is valued at $30.03 billion. Bitcoin has also risen 3.57% over the past week but remains down 3.79% for the month. The premier cryptocurrency remains one of the best-performing coins in the last year having a profit of 121.32% in this timeframe. According to data from Coincodex, sentiments in the BTC remain bullish with the Fear & Greed Index now at 73 reflecting an “almost” extreme greed among investors. With the crypto bull market set to take off with the potential of a pro-crypto US government on the horizon, the analysts at Coincodex predict Bitcoin to reach $132,775 in the first quarter of 2025, and rise as high as $172,192 by June. Featured image from Finbold, chart from Tradingview
The Bitcoin network settled over $19 trillion in transactions in 2024, more than doubling the $8.7 trillion settled in 2023 and reversing two years of declining transaction volume. Pierre Rochard, vice president of research at Riot Platforms, highlighted the milestone, noting that Bitcoin’s transaction volume peaked at $47 trillion during the 2021 bull market before declining sharply in 2022 and 2023. Rochard stated, “The Bitcoin network finalized more than $19 trillion worth of BTC transactions in 2024, decisively proving that Bitcoin is both a store of value and a medium of exchange.” Bitcoin’s notable achievements in 2024 included the launch of a BTC exchange-traded fund (ETF) in the United States, the April 2024 halving event, and a new all-time high price of approximately $108,000. Bitcoin Hashrate Reaches New Records in 2025 The hashrate of the Bitcoin network, which measures the total computing power securing the protocol, hit a record high of 1,000 exahashes per second (EH/s) on Jan. 3, 2025. However, it has since decreased to around 775 EH/s, according to data from CryptoQuant. In 2024, over 40% of the global Bitcoin hashrate was contributed by U.S.-based mining pools. Foundry USA and MARA Pool, two major U.S. mining pools, collectively accounted for 38.5% of all blocks mined during the year, according to TheMinerMag. Despite the rising influence of U.S.-based pools, China-based mining pools continue to control a majority of the Bitcoin network’s hashrate. Accurately measuring hashrate dominance remains challenging due to Bitcoin mining’s decentralized and pseudonymous nature. Mining companies may operate in one country while sourcing computing power from miners worldwide. Additionally, VPNs allow miners to obscure their geographic locations, further complicating efforts to determine true hashrate distribution.
Bitcoin struggles below $98,000 while whales engage in significant LINK purchases. Analysts predict bullish trends for both Bitcoin and altcoins in the upcoming weeks. Continue Reading: Whales Make Big Moves: Analyzing LINK Coin and Bitcoin Trends The post Whales Make Big Moves: Analyzing LINK Coin and Bitcoin Trends appeared first on COINTURK NEWS .
Jesse Pollak, head of Base and Coinbase Wallet, explained that the team is “in the exploration phase” of the potential to bring Coinbase’s staking to Base, the Ethereum layer 2 network that Coinbase incubates. While there are no concrete plans at the moment, Pollak’s comments hint that the platform has ambitions to expand its offerings to US citizens in 2025. “We are in the exploratory phase and working to understand what needs to be unlocked from a regulatory perspective to bring assets like COIN to Base in a secure, compliant, and future-proof way,” Pollak wrote in a post on X (formerly Twitter). He acknowledged that integrating COIN into the network “will be a huge undertaking.” Related News: Is Gold or Bitcoin the Real Currency? Expert Analyst Explains Why For now, COIN is accessible to non-US residents through platforms like Backed, a tokenization project for real-world assets (RWA). However, Pollak noted that clearer regulations are needed before such offerings can be widely used. “We need regulatory clarity and improvements that embrace on-chain transactions as an open platform to make this available to everyone,” Pollak added. *This is not investment advice. Continue Reading: Coinbase Reveals 2025 Announcement That Could Radically Change the Cryptocurrency World
Legislators in Chile are preparing to support the creation of a bitcoin bench in Congress to lead the regulatory charge in the Latin American nation. The goal is to introduce a strategic bitcoin reserve proposal later this year. Chile to Consider Strategic Bitcoin Reserve Proposal This Year Chile, a country not particularly known for its