On January 12, COINOTAG News reported on the FTX Repayment Plan Preliminary Allocation Schedule disclosed by creditor Sunil. This schedule indicates that creditors with claims under $50,000 are set to
Chainlink has faced significant selling pressure recently, experiencing a 22% drop from its local supply zone to test crucial demand around the $20 mark. Despite this decline, market sentiment surrounding LINK remains optimistic as analysts and investors anticipate a strong recovery. Many view this pullback as a strategic opportunity for accumulation, with the potential for massive gains later this year. Related Reading: Ethereum Sees $1.4 Billion In Exchange Outflows This Week – Strong Accumulation Trend? Top analyst Carl Runefelt shared a compelling technical analysis on X, highlighting that LINK is currently trading within a falling wedge pattern on the daily timeframe. Falling wedges are often seen as bullish reversal patterns, and a breakout above the descending resistance could signal the start of a substantial upward move. According to Runefelt, once LINK successfully breaks out of this formation, the stage will be set for a massive rally, potentially propelling LINK toward new highs. With Chainlink’s strong fundamentals and growing adoption in decentralized finance (DeFi) and blockchain ecosystems, the current price action could serve as a springboard for significant gains. However, the immediate challenge lies in reclaiming lost ground and pushing above the wedge’s resistance. As the market awaits confirmation of a breakout, LINK’s trajectory in the coming days will be critical for shaping its long-term trend. Chainlink Poised For Recovery After Recent Decline Chainlink has solidified its position as one of the most promising altcoins in this market cycle, standing out in the rapidly growing Real World Assets (RWA) sector. Its innovations and partnerships are driving broader adoption, particularly with a groundbreaking collaboration with XRP. This partnership aims to enhance the functionality and adoption of Ripple USD (RLUSD), a stablecoin designed for decentralized finance (DeFi), making Chainlink a pivotal player in the ecosystem. Related Reading: Whales Buy 470 Million Dogecoin In 48 Hours As Price Tests Crucial Demand Level – Details Renowned investor and analyst Carl Runefelt recently shared a technical analysis on X, highlighting that Chainlink is trading within a falling wedge pattern on the daily timeframe. This bullish reversal pattern suggests significant upside potential once LINK breaks above the descending resistance. Runefelt has set an initial price target of $30.94 following the anticipated breakout, signaling a potential start to a larger bull trend for LINK. Beyond its technical setup, Chainlink’s robust fundamentals, including its leadership in Oracle solutions and its expanding influence in DeFi, position it as a top contender for this bull cycle. If LINK follows the bullish thesis laid out by Runefelt, the $30.94 target could merely mark the beginning of a much larger rally as the altcoin continues to gain traction and push the boundaries of decentralized innovation. Price Analysis: Holding Critical Support At $20 Chainlink (LINK) is trading at $20, a critical level that represents a strong weekly demand zone. Analysts and investors are closely watching this price point, as it holds the potential to determine the short-term trajectory of LINK’s price action. Holding above this key support level is crucial for maintaining bullish momentum. If LINK manages to sustain itself at $20, it sets the stage for a potential rebound toward the $25 mark. Breaching this resistance could trigger a broader rally, potentially propelling LINK to multi-year highs as market sentiment shifts in its favor. However, the stakes are high. A break below the $20 demand zone could lead to a deeper correction, with prices likely revisiting the $16 level. Such a move might shake investor confidence in the short term but could also create new opportunities for accumulation as LINK establishes fresh support. Related Reading: Key Metrics Reveal Bitcoin STH Support Levels Around $89K–$86K – Is BTC At Risk? As the market navigates a volatile phase, the coming days will be critical for LINK. Whether it holds at $20 or tests lower levels, its ability to reclaim and sustain momentum above key resistance levels will determine the strength of the next leg up in its bullish cycle. Investors remain cautiously optimistic. Featured image from Dall-E, chart from TradingView
A U.K. court rejected a lawsuit by James Howells seeking to force Newport City Council to allow him to search a landfill for a lost hard drive containing bitcoins. Claim Lacks Realistic Prospects of Success A U.K. court has dismissed a lawsuit filed by James Howells against Newport City Council for its refusal to allow
XRP has demonstrated remarkable resilience, completing over 2 million transactions in just one day, signaling a resurgence in network activity and investor confidence. This significant increase in transactional throughput is
Bitcoin’s calmness over the weekend continues as the asset has failed to make a major move from its tight range between $94,000 and $95,000. In contrast, several altcoins, such as XRP, ADA, and XLM, have posted significant gains over the weekend, while SUI has plunged hard. ADA, XLM, XRP on the Rise As reported on Saturday evening, Ripple’s cross-border token stole the show with a massive surge from $2.33 to $2.5. The asset kept climbing in the following hours and tapped a multi-week peak of $2.6 before correcting slightly to $2.52 now. Cardano’s native token is the other massive gainer from the larger-cap alts. ADA has soared by nearly 9% over the past day and now sits at the coveted resistance level of $1. XLM has also gone on a tear, surging by more than 7% and now trading close to $0.45. In contrast, SUI has dumped by over 3% to $4.82, while TRX, SHIB, and BNB are also slightly in the red. On the other hand, ETH, SOL, DOGE, AVAX, TON, LINK, HBAR, and DOT have marked minor gains over the past 24 hours. The cumulative market capitalization of all crypto assets has remained at essentially the same spot as yesterday at just shy of $3.450 trillion on CG. Cryptocurrency Market Overview. Source: QuantifyCrypto BTC Calms at $94K The primary cryptocurrency had a highly eventful and volatile trading week in which it soared past $102,000 on Tuesday, only to crash by more than ten grand in the next 48 hours. This multi-week low took place on Thursday as BTC came close to breaking below $91,000 and even $90,000. More volatility ensued in the following hours, with a jump toward $96,000 and a rejection that pushed it back to almost $92,000. However, the bulls managed to defend the latter and pushed BTC to $94,000 where it has spent most of the weekend, aside from a brief spike to $95,000. As such, bitcoin’s market cap remains at $1.865 trillion on CG, but its dominance over the alts is down to 54.2%. BTCUSD. Source: TradingView The post ADA, XRP Take Main Stage With 8% Gains, BTC Consolidation Continues (Weekend Watch) appeared first on CryptoPotato .
Ethereum (ETH) price rebounded 4% to reach $3,220 on January 12, as the crypto market sell-off subsided. On-chain data shows investors making large deposits into ETH 2.0 staking contracts. Has ETH price formed a market bottom? Ethereum (ETH) Price Gains 4% as Market Sell-off Wanes Ethereum (ETH) experienced a volatile week, reflecting the broader crypto market dynamics. The recent turbulence was fueled by macroeconomic concerns and the ongoing effects of market-wide liquidations triggered earlier this month. ETH price dropped by 10% between January 6 and January 9, falling from $3,150 to $2,835 as investors reacted to heightened uncertainty. The broader crypto sell-off was exacerbated by liquidity concerns, which intensified bearish sentiment across major altcoins. Ethereum Price Action | ETHUSD However, Ethereum found support near the $2,850 mark on January 10, as selling pressure eased and on-chain activity indicated a shift in sentiment. Investors began making significant deposits into ETH 2.0 staking contracts, reflecting renewed confidence in the network’s long-term potential. As of January 12, ETH has rebounded 4%, climbing back to $3,220. This recovery hints at the formation of a local bottom, with traders now closely monitoring key resistance levels and potential catalysts for further upward momentum. Ethereum 2.0 Staking Inflows Surge By $175 Million in 3 Days Ethereum’s rebound above $3,200 has fueled optimism that the cryptocurrency may consolidate within the $3,150–$3,400 range in the near term. On-chain data reveals a considerable surge in Ethereum staking deposits, signaling growing confidence among long-term holders and network validators. According to the official data from the Beacon Chain , ETH staking inflows have seen a sharp uptick over since January 9, coinciding with the 4% price rebound. Ethereum Staking Deposits vs. ETH Price | Source: StakingRewards As of January 9, the total staked value stood at 33.84 million ETH. Despite the broader market downturn that saw ETH dip below $3,200 earlier in the week, staking activity intensified. Over the past three days, investors staked an additional 53,000 ETH—valued at approximately $175 million at current prices— bringing the total staked to 33.89million ETH as of January 12. This development offers two key insights into Ethereum’s short-term outlook. Firstly, increased staking cuts down short-term market supply, easing immediate sell-side pressure. Secondly, the increased staking activity signals a shift in investor behavior. Rather than liquidate holdings during the recent market downturn, a significant cohort of ETH holders opted to lock their assets into staking contracts, leveraging passive rewards as a buffer against short-term price volatility. While the broader crypto market sentiment remains cautious, Ethereum’s rising staking deposits, position the asset for a steady consolidation above the $3,200 mark in the coming days. Etheruem Price Forecast: Bulls Set to Hold $3,200 Support Ethereum price prediction paints an optimistic outlook, with staking deposits mopping up excess market supply from last week’s sell-off. From a technical standpoint, ETH is currently trading $3,271, consolidating near its lower Bollinger Band of $3,116, which offers immediate support. Ethereum price forecast (ETHUSD) The Bollinger Bands indicate low volatility as they tighten, signaling a potential breakout ahead, if market sentiment flips positive. However, trading volume remains subdued at 27.72K, and the ADX trending at 20.77, market sentiment remains largely cautious. In essence, weak breakout attempts may struggle to breach the $3,300 resistance. A bullish scenario could materialize if ETH reclaims the $3,419 midline of the Bollinger Bands, with increased volume supporting the uptrend. Conversely, failure to hold $3,200 may see ETH test the critical $3,116 support level. The post Ethereum Price Analysis: ETH 2.0 Staking Deposits surge $175M as Traders anticipate $3,500 Rebound appeared first on CoinGape .
Key takeaways : Conflux price prediction hovers around $0.15. Considering the current BTC market sentiment and rising buying demand among investors, the CFX price will reach $0.47 in 2025. In 2030, CFX might record a maximum price of $3.08. Conflux Network (CFX) is a high-speed layer 1 blockchain that combines proof-of-work consensus with proof-of-stake finality. Originating from China, it follows local regulations, earning it the nickname “Chinese Ethereum.” The network’s native CFX token serves various purposes, such as being a store of value and a governance token. You can also stake these tokens to receive passive income in the form of more CFX tokens. When considering the future value of the CFX token in 2025 and beyond, our CFX network price prediction takes into account various factors that could influence its price. Analysts question: Can CFX price reach $1?; however, this depends on economic conditions, the token’s practical uses, and historical price trends. Overview Cryptocurrency Conflux Network Ticker symbol CFX Rank 91 Price change 24-H -0.16% Market cap $844,938,661 Circulating supply 3,945,712,464 Trading volume 24h $53,989,272 All-time high $1.7 All-time low $0.02191 Conflux price prediction: Technical analysis Metric Value Current Price $0.145 Price Prediction $ 0.187561 (8.61%) Fear & Greed Index 73 (Greed) Sentiment Neutral Volatility 16.93% Green Days 15/30 (50%) 50-Day SMA $ 0.185452 200-Day SMA $ 0.16404 14-Day RSI 52.45 Conflux price analysis: CFX faces bearish pressure around $0.15 TL;DR Breakdown CFX price analysis shows that CFX price faced bearish pressure around $0.15. Resistance for CFX is present at $0.1775 Support for CFX/USD is present at $0.1448 The CFX price analysis for 12 January confirms that sellers are triggering a downward correction. In recent hours, the price of CFX dropped toward $0.14. CFX price analysis 1-day chart: Conflux price faces bearish pressure below $0.15 Analyzing the daily price chart of Conflux, CFX’s price faced a surge in buying demand as buyers pushed the price toward $0.15. Currently, the price aims for a hold above the immediate Fib levels. The 24-hour volume has surged to $3.2 million, showing interest in trading activity today. CFX price is currently trading at $0.145, declining by over 0.16% in the last 24 hours. CFX Price Chart (1 day) on TradingView The RSI-14 trend line has surged from its previous level and trades at 37, hinting that buying pressure is on the edge. The SMA-14 level suggests volatility in the next few hours. CFX/USD 4-hour price chart: Bears aim for an immediate correction The 4-hour Conflux price chart suggests that bulls are strengthening their position to hold the price above the EMA lines. However, bears are aiming for a break below the immediate Fib channel. CFX Price Chart (4-hour) on TradingView The BoP indicator trades in a negative region at 0.44, showing that short-term sellers are taking a chance to accelerate a downward trend. However, the MACD trend line has formed green candles above the signal line, and the indicator aims for positive momentum, strengthening long-position holders’ confidence. Conflux technical indicators: Levels and action Daily simple moving average (SMA) Period Value Action SMA 3 $ 0.187709 SELL SMA 5 $ 0.181174 SELL SMA 10 $ 0.170719 BUY SMA 21 $ 0.173245 BUY SMA 50 $ 0.185452 SELL SMA 100 $ 0.173093 BUY SMA 200 $ 0.16404 BUY Daily exponential moving average (EMA) Period Value Action EMA 3 $ 0.170661 BUY EMA 5 $ 0.17847 SELL EMA 10 $ 0.191372 SELL EMA 21 $ 0.198568 SELL EMA 50 $ 0.189124 SELL EMA 100 $ 0.178395 SELL EMA 200 $ 0.179137 SELL What to expect from CFX price analysis next? The hourly price chart confirms that Conflux attempts to drop below the immediate support line; however, bulls are eyeing further recovery in the upcoming hours. If CFX’s price successfully holds its momentum above $0.1775, it will fuel a bullish rally to $0.2065. CFX/USD price chart. Image source: TradingView If bulls fail to initiate a surge, the CFX token price may drop below the immediate support line at $0.1448, which may begin a bearish trend to $0.1192. Is Conflux a good investment? As CFX price has a solid user base in the Chinese crypto community, we might see profitable returns in the long term. As a result, it can be a good investment option in the future. Why is the CFX price up today? Buyers triggered intense pressure around the 23.6% Fib channel. As a result, the price of CFX surged above $0.17 and is currently aiming for further bullish moves. Will CFX price hit $1? According to our predictions, we might see the CFX price hitting the $1 mark by 2027. Will CFX price hit $5? Depending on the current market sentiment and buying demand, the $5 milestone for CFX price is a distant dream. However, we expect the coin to attain this value by the end of 2050. Recent news/opinion on Conflux Smile Shop has partnered with Conflux to introduce the BitUnion prepaid card, aiming to revolutionize global consumer payments with digital assets. The new card allows users to transact in 183 countries, supports online and offline payments, and integrates traditional financial security with blockchain’s PayFi technology. Conflux Network price prediction January 2025 Conflux price has been bullish following Bitcoin’s surge above the $100K mark. The recent launch of spot Ethereum ETF might boost Chinese crypto tokens and we might see a solid surge in CFX price in the coming days. Expert prediction for Conflux in January expects a minimum price of $0.23 and a maximum price of $0.32, and an average price of $0.25. See also EOS price prediction 2024-2030: Will EOS reach $100? Conflux Price Prediction Potential Low Potential Average Potential High Conflux Price Prediction January 2025 $0.23 $0.25 $0.32 Conflux Network Price Forecast 2025 Conflux is expanding globally and promoting NFT education in China, which could boost CFX demand. The Conflux Network, as the only blockchain in China meeting regulatory standards, is well-positioned to attract Chinese investors. Although there is no roadmap beyond 2030, past updates suggest it could emerge as a leading layer 1 blockchain in 2025. The CFX price in 2025 is expected to range between $0.3979 and $0.4773, with an average of $0.4123. Conflux Price Prediction Potential Low Potential Average Potential High Conflux Price Prediction 2025 0.3979 0.4123 0.4773 Conflux Network Price Predictions 2026-2031 Year Minimum Price ($) Average Price ($) Maximum Price ($) 2026 0.6022 0.6228 0.6951 2027 0.8739 0.905 1.06 2028 1.22 1.25 1.51 2029 1.79 1.86 2.11 2030 2.57 2.64 3.08 2031 3.11 3.48 4.15 Conflux price forecast 2026 The team has prepared 2.4 billion CFX tokens as grant awards to encourage developers to broaden its network. With each token priced at $0.2, this amounts to nearly $600 million. The value could increase if the token price goes up. In a bullish scenario, by 2026, the price of Conflux is predicted to bottom out at $0.6022. The peak price could be as high as $0.6951, with an expected average price of $0.6228 throughout the year. Conflux price prediction 2027 The analysis for 2027 suggests that Conflux could have a minimum price of $0.8739. The price may escalate to a maximum of $1.06, averaging around $0.9050. Conflux price prediction 2028 It is anticipated that the Conflux price will reach a minimum of $1.22 in 2028. The maximum price might hit $1.51, with an average price of $1.25 throughout the year. Conflux price prediction 2029 Predictions for 2029 show Conflux reaching a minimum price of $1.79. The price could climb to a maximum of $2.11, with an average of $1.86 over the year. Conflux price prediction 2030 In 2030, Conflux could trade at a minimum of $2.57. The price is expected to peak at around $3.08, with the average trading value likely to be $2.64. Conflux price prediction 2031 Predictions for 2031 show Conflux reaching a minimum price of $3.11. The price could climb to a maximum of $4.15, with an average of $3.48 over the year. Conflux market price prediction: Analysts’ CFX price forecast Firm Name 2025 2026 Gov.Capital $0.45 $0.66 DigitalCoinPrice $0.57 $0.78 Changelly $0.459 $0.54 Cryptopolitan’s Conflux (CFX) price prediction At Cryptopolitan, we are bullish on Conflux’s future price as the historical market sentiment is extremely impressive. The CFX price in 2025 is expected to range between $0.3979 and $0.4773, with an average of $0.4123. However, the future market potential for Conflux entirely depends on its buying demand, regulation in China, and investor sentiment in long-term holding. We expect the CFX price to reach as high as $0.65 by the end of 2027. Conflux historic price sentiment Conflux launched at approximately $0.08 in late 2020, reaching an all-time high of $1.70 on March 27, 2021, during a crypto bull run. It dropped below $1.00 in May and ended the year at $0.1994. Conflux experienced significant losses, falling below $0.10 by mid-May 2022 and closing the year at $0.02198 after a nearly 90% annual decline. Starting the year 2023 at an all-time low of $0.02191, CFX rose above $0.30 in February following a partnership with China Telecom and peaked above $0.40 several times in March and April. It declined to $0.278 by June due to SEC lawsuits, dropped to $0.125 in August, and closed the year at $0.185. By January 2024, CFX increased to $0.2323 and surged above $0.51 in March before falling toward $0.2. It consolidated around $0.22 in April and May, dropped to $0.13 in June, and oscillated between $0.11 and $0.25 from July to October, ending November near $0.2. In December, the price of CFX dropped toward the low of $0.15.
Arthur Hayes believes Bitcoin may reach seven-figure valuations in the near future. Hayes emphasizes Bitcoin's fixed supply as a key factor for long-term value retention. Continue Reading: Arthur Hayes Predicts Bitcoin Could Skyrocket to Seven Figures The post Arthur Hayes Predicts Bitcoin Could Skyrocket to Seven Figures appeared first on COINTURK NEWS .
A new report by Santander US Capital Markets LLC, a subsidiary of global banking giant Banco Santander, sheds light on how El Salvador's adoption of Bitcoin as its official currency has led to a surge in tourism. The report, published on January 10, highlights the interaction between the country’s cryptocurrency policies and its growing appeal as a travel destination, positioning El Salvador as a global hotspot for Bitcoin enthusiasts. The report, shared by Salvadoran President Nayib Bukele and the government-backed Bitcoin Office on social media platform X, shows the country’s record-breaking tourism growth. According to Salvadoran authorities, the number of tourists arriving in the country in 2024 is expected to reach 3.9 million, up 22% from the previous year. Related News: The Expert Speaks: Is the US Really About to Sell $6.5 Billion in Bitcoin? The report attributes much of this growth to Bitcoin’s innovative appeal as a fiat currency and its appeal to visitors, particularly from the United States, who want to experience Bitcoin transactions integrated into daily life. Santander’s analysis also links the tourism boom to a sharp drop in crime rates, with just 114 homicides in El Salvador in 2024, a dramatic drop from 6,656 in 2015. The report highlights the economic importance of El Salvador’s tourism growth. In the first half of 2024, tourism is projected to account for 11% of the country’s GDP, outpacing regional rivals such as Costa Rica, where tourism contributes 5% of GDP. *This is not investment advice. Continue Reading: Adopting Bitcoin Provided El Salvador with an Unanticipated Benefit – Official Data Revealed