Crypto analyst Javon Marks has provided a bullish outlook for Dogecoin, stating that the foremost meme coin has entered another bull phase. The analyst also predicted how high the foremost meme coin could rally in this bull phase. Dogecoin To Rally Above $20 As It Enters New Bull Cycle In an X post, Javon Marks predicted that Dogecoin could rally above $20, seeing as it looks to be in another bull cycle. The crypto analyst made this ambitious prediction while noting that DOGE has recorded larger runs in every successive cycle. Related Reading: XRP Price Breaks Out Of Symmetrical Triangle Pattern, Why The Target Is $8 As such, Marks asserted that Dogecoin could witness a 60x price increase or more from here and rally above $20 if history repeats itself. His accompanying chart showed that DOGE recorded a 90x and 306x increase in the 2017 and 2021 bull runs, respectively. The chart also showed that DOGE is at the stage where it could form a God candle that would set it up to reach this $20 target. Other crypto analysts like Dima James have also predicted that Dogecoin could reach double digits in this bull cycle. James also alluded to historical trends to explain why the foremost meme coin can reach such heights. Meanwhile, analyst Ali Martinez once predicted that DOGE could reach $23 if it reaches the 2.272 Fibonacci level in this cycle. However, in the short term, the focus will undoubtedly be for Dogecoin to reach its current all-time high (ATH) of $0.73 and then rally to new highs. Crypto analyst Master Kenobi predicted that DOGE could soon rally to its ATH as it eyes a breakout from a symmetrical triangle. The crypto analyst also alluded to Donald Trump’s inauguration on January 20 as a catalyst that could spark this price breakout. Higher Prices Are Expected In an X post, crypto analyst Kevin Capital asserted that higher prices are expected as long as Dogecoin is above $0.26 and trading in a bullish falling channel, which he highlighted in his accompanying chart. The analyst added that the measured move target of this bullish pattern is $1.30 if DOGE breaks out. Related Reading: Dogecoin Traders Remain Extremely Bullish Despite Price Crash, Here Are The Numbers The Dogecoin price had recently crashed alongside the broader crypto market. However, these analyses indicate that there is still more room for the foremost meme coin to rally to the upside. In fact, crypto analyst Trader Tardigrade suggested that a bullish reversal could happen sooner than expected. In an X post, the analyst revealed that Dogecoin is breaking out of a double bottom on the 4-hour chart. The accompanying chart showed that DOGE could first rebound to $0.36 and then possibly reclaim the psychological $0.40 level. At the time of writing, the Dogecoin price is trading at around $0.34, up almost 5% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Bitwise CIO Matt Hougan predicts a surge in corporate bitcoin adoption, driven by new accounting rules and reduced risks. The post Bitwise CIO says corporate Bitcoin buying is set to explode appeared first on Crypto Briefing .
The OBV has been on a steady decline since November, despite the buyers' resolute defense of the $180 support zone.
Shiba Inu could turn around its recent fortunes with a strong increase in February. Yet, many investors are not waiting to find out. Instead, they are joining Propichain’s AI altcoin ecosystem as the latter continues its impressive presale performance. Early birds in Propichain’s presale have already raised a 208% ROI. Keep reading to see why analysts expect Propichain to outshine Shiba Inu. Shiba Inu Whales Expect a Bullish February Shiba Inu holders are looking forward to a strong recovery in the next month as the altcoin struggles to regain momentum. Like other meme coins, Shiba Inu dropped in December, following Bitcoin’s fall from $100,000. This affected Shiba Inu’s momentum, resulting in a 14.49% drop in the past 30 days. Shiba Inu now trades at $0.00002157. Despite Shiba Inu’s recent drop, many analysts say the token will recover strongly. Some have pointed to Shiba Inu’s one-year performance, which shows an over 100% increase. Furthermore, they expect an increase in DeFi activity in the coming weeks. This could boost activity on Shiba Inu’s layer-2 network. It could also spur a strong Shiba Inu price rally. As Shiba Inu holders prepare for a potential rally, other investors are diversifying their portfolios by exploring utility-driven projects like Propichain, which offers innovation in both the altcoin market and the housing sector. Propichain’s combination of AI tools for real estate investing and the potential for fractional ownership in the housing market offers a unique, utility-focused opportunity. Experts Hail Propichain’s Use of AI Technology in Streamlining Real Estate Investments Propichain is an AI altcoin ecosystem that is meeting the widespread demand for RWA asset tokenization assets. The platform focuses on the housing sector, introducing novel solutions, designed to tackle legacy problems like high investing costs, inadequate market data to guide trading decisions, and limited reach to real estate markets. Propichain starts with lower investing costs via a new asset ownership model targeted at creating more investing opportunities for lower-budget participants. The platform allows investors to buy housing assets using a fractional ownership model. This helps traders to find budget-friendly investment options, thus boosting participation opportunities in the housing sector. Another benefit of Propichain’s fractional ownership models is that investors can use their tokens as collateral to receive loans from DeFi platforms. After providing affordable ways to acquire housing assets, Propichain leverages the power of artificial intelligence to improve your understanding of the market. Whether you are a beginner or an expert investor, you can leverage the market analysis, trend spotting, and asset valuation features of Propichain’s AI investing tools. This allows you to save time while making investment decisions based on quality market insights. These AI tools can also help you fine-tune your investing experience as they feature customizable property search filters that help users find assets that match their investing ambitions. For instance, investors that prefer high ROI can leverage Propichain’s AI tools to focus on such assets. Furthermore, they can also close housing deals using automated trading designed to boost investing efficiency. With these automated trading features, you can place buy or sell orders that will help you close deals based on specified conditions. For instance, using price decline as a guiding condition, you can use a buy order to acquire an attractive luxury apartment. Once the property’s price drops to your preferred level, Propichain closes the deal on your behalf. While AI tools help maximize returns and boost efficiency, Propichain’s virtual tours use metaverse technology to overcome geographical barriers in the housing sector. These virtual tours allow you to check out housing assets via a 3D in-person view that lets you know if properties meet your taste. These features align with Propichain’s mission to redefine accessibility and profitability in real estate investing. For maximum trading efficiency, Propichain provides high-end smart contract technology aimed at removing delays while ensuring high transaction safety. These smart contracts can also be used to create custom agreements to guide rental and leasing dealings. Finally, they have been audited by BlockAudit, confirming the high safety levels of Propichain’s ecosystem. Propichain and Shiba Inu: Which Token is Generating More Excitement? Propichain’s combination of AI services with asset tokenization makes it a standout project in the altcoin industry. While Shiba Inu has gained popularity as a meme coin, Propichain offers a utility-driven alternative. Furthermore, Propichain’s recent listing on CoinMarketCap has further boosted its positive ratings. Many analysts now conclude that $1,000 worth of PCHAIN could appreciate to $70,000 by October. Propichain’s Ongoing Crypto Presale Raises 208.17% ROI Propichain’s ongoing presale offers early adopters a chance to be part of a project poised to disrupt the housing sector, with proven ROI potential and robust technological backing. Early investors have already raised a 208.17% ROI as PCHAIN entered round two of its presale. PCHAIN now costs $0.011. However, round three of its presale will bring a 108.93% increase to $0.023. By the end of its presale, PCHAIN’s value will grow to $0.032. Join Propichain’s presale today and secure a stake in the ongoing revolution of the housing sector. For more information about the PropiChain Presale Website: https://propichain.finance Join Community: https://linktr.ee/propichain 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 .
MicroStrategy business intelligence executive chairman Michael Saylor took to his X platform to inform MSTR holders of last…
As cryptocurrency adoption continues to grow, 2024 has marked a significant surge in the use of digital assets for transactions, particularly led by Litecoin. The latest report from BitPay highlights
U.S. Spot Bitcoin ETFs Witness $284.36M Net Outflows Amid Market Volatility On January 13, 2025, U.S. spot Bitcoin ETFs experienced significant net outflows, totaling $284.36 million. This represents the third consecutive day of declines, highlighting continued uncertainty in the market. The outflows affected major players such as Fidelity, ARK Invest, and Grayscale, while BlackRock’s ETF was the sole product to record a positive inflow. Breaking Down the Numbers The net outflows from Bitcoin ETFs on January 13 were substantial, with leading funds experiencing significant withdrawals: Fidelity’s FBTC: Led the pack with $113.64 million in outflows. ARK Invest’s ARKB: Reported a $92.36 million net withdrawal. Grayscale’s GBTC: Recorded $89.01 million in outflows. Bitwise’s BITB: Experienced a modest $18.64 million outflow. The only positive note came from BlackRock’s IBIT , which bucked the trend by attracting $29.29 million in inflows. No changes were reported for other ETFs, according to data shared by Trader T on the X social media platform. Why Are Bitcoin ETFs Facing Outflows? Market Volatility The Bitcoin market has been marked by heightened volatility in recent weeks, impacting investor sentiment. Sudden price fluctuations often trigger profit-taking or portfolio rebalancing. Macroeconomic Factors Inflation Concerns: Uncertainty about inflation and its impact on monetary policy has made investors cautious. Interest Rates: Rising interest rates may reduce the appeal of high-risk assets like Bitcoin. Regulatory Uncertainty Ongoing regulatory debates around digital assets have created hesitation among institutional and retail investors, contributing to the outflows. BlackRock’s IBIT: A Positive Outlier Amid the widespread withdrawals, BlackRock’s IBIT stood out with a $29.29 million net inflow. BlackRock’s reputation and strategic positioning in the market might have attracted investors seeking a safer harbor during turbulent times. Key Factor: BlackRock’s commitment to transparency and innovation could be bolstering investor confidence. Historical Context of ETF Outflows While daily outflows are not uncommon, the scale and frequency of the recent withdrawals are noteworthy. The $284.36 million outflow marks a sharp decline in investor sentiment and underscores the challenges faced by Bitcoin ETFs in navigating market uncertainties. Impact on the Broader Crypto Market Short-Term Effects Price Fluctuations: Large outflows can contribute to downward pressure on Bitcoin prices. Market Liquidity: Reduced demand for ETFs might lead to thinner market liquidity. Long-Term Outlook Despite the current trends, experts remain optimistic about the future of Bitcoin ETFs, citing: Increased Adoption: Institutional adoption of digital assets continues to grow. Regulatory Clarity: Progress in regulatory frameworks could pave the way for more stable growth. What’s Next for Bitcoin ETFs? The road ahead for Bitcoin ETFs will depend on several factors: Market Recovery: A stabilization in Bitcoin’s price could reignite investor interest. Regulatory Developments: Clearer guidelines may bolster confidence. Institutional Participation: As more firms integrate Bitcoin into their portfolios, ETFs could benefit. Conclusion The $284.36 million net outflow from U.S. spot Bitcoin ETFs on January 13, 2025, underscores the challenges posed by market volatility and macroeconomic pressures. While major funds like Fidelity, ARK Invest, and Grayscale faced significant withdrawals, BlackRock’s IBIT provided a glimmer of positivity. The long-term potential of Bitcoin ETFs remains strong, driven by growing institutional interest and the promise of regulatory clarity. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on the latest news, where we delve into the most promising ventures and their potential. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries.
Market Shifts: Trump Narratives Fade as Crypto and Stock Trends Realign On January 13, 2025, cryptocurrency market analysis firm 10x Research revealed that financial markets are moving away from narratives surrounding U.S. President-elect Donald Trump. This shift coincides with notable declines in U.S. stocks and altcoins, raising concerns about broader market dynamics and the unpredictability of Federal Reserve policies. Post-Election Gains Dissipate for U.S. Stocks Following the election of Donald Trump in December 2024, U.S. stocks initially rallied, fueled by optimistic investor sentiment. However, these gains were short-lived: December Declines: U.S. equities began losing ground after December 6, 2024, suggesting a lack of confidence in the market’s ability to sustain post-election momentum. Underlying Causes: Uncertainty surrounding the administration’s economic policies and broader market dynamics likely contributed to the reversal. Altcoins Face Steep Declines The cryptocurrency market also experienced a downturn, particularly in altcoins. According to 10x Research: Sharp Declines After Dec. 6: Altcoins saw significant value drops, reflecting reduced investor appetite. Trading Volume and Funding Rates: Crypto market trading volumes and funding rates have fallen, further signaling a bearish sentiment. The Role of Macroeconomic Factors Bitcoin and other cryptocurrencies remain heavily influenced by macroeconomic conditions. Key drivers include: Global Market Trends: A slowdown in global economic activity has dampened enthusiasm for high-risk assets. Federal Reserve Rate Cuts: The Federal Reserve’s interest rate decisions have a profound impact on investor sentiment and market liquidity. Uncertainty Surrounding Federal Reserve Policies 10x Research highlighted the unpredictability of the Federal Reserve’s interest rate strategies, citing historical inconsistencies: September 2024 Rate Cut: The Fed reduced rates by 50 basis points, expecting a weakening labor market. Job Market Rebound: October 2024: Only 12,000 jobs were added, aligning with Fed expectations. November 2024: A surprising recovery with 227,000 jobs added. December 2024: Further growth with 256,000 new jobs. These unexpected labor market shifts raise questions about the Fed’s justification for rate cuts and their broader economic impact. Crypto Market Reaction to Fed Policies While Bitcoin often reacts to macroeconomic changes, the Fed’s unpredictable strategies have created a mixed response in the crypto market: Rate Cut Impacts: Lower interest rates typically boost asset prices, but lingering uncertainty has tempered gains in the crypto sector. Investor Sentiment: Unclear Federal Reserve signals have left investors cautious, reducing trading activity. Shifting Narratives and Broader Implications 10x Research’s analysis underscores the growing detachment of market performance from political narratives. While Trump’s presidency initially influenced market optimism, other factors, such as economic data and central bank decisions, are now taking precedence. Decline of Political Influence: Markets are increasingly driven by measurable economic indicators rather than speculative political outcomes. Focus on Fundamentals: The spotlight is shifting toward core economic drivers like employment data, inflation rates, and corporate earnings. Conclusion The fading influence of Trump-related narratives in financial markets signifies a shift toward fundamentals and macroeconomic factors as the primary drivers of market trends. While U.S. stocks and altcoins face challenges, the unpredictability of Federal Reserve policies adds another layer of complexity. The cryptocurrency market remains particularly sensitive to these dynamics, with trading volumes and funding rates reflecting broader uncertainties. To stay updated on these critical developments, explore our latest analysis of the crypto and financial markets. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.
Standard Chartered’s Global Head of Digital Assets Research, Geoff Kendrick, is warning investors of potential risks facing Bitcoin. Kendrick notes that a significant drop below $90,000 could trigger a wave
Bitcoin Faces Short-Term Pressure Amid Trump’s Economic Policies and Strong Dollar Bitcoin (BTC) is currently grappling with short-term downward pressure as analysts weigh in on the potential impact of U.S. President-elect Donald Trump’s economic policies. With the dollar strengthening and uncertainty looming over the administration’s fiscal strategies, BTC’s price trajectory has become a focal point for market participants. Stronger Dollar and Economic Policy Concerns Weigh on Bitcoin Analysts from leading crypto research firms have identified key drivers behind Bitcoin’s recent price decline: Stronger Dollar Impact: Zach Pandl , head of research at Grayscale Investments, highlighted the role of a strengthening dollar in dampening BTC demand. He noted that currency market dynamics often inversely correlate with cryptocurrency performance. Policy Divergence: Pandl also attributed BTC’s drops over the past two days to growing concerns about the Trump administration’s proposed tariffs and fiscal strategies, which could negatively influence crypto markets. Federal Reserve and Market Uncertainty Alex Thorn, head of research at Galaxy Digital, echoed similar sentiments regarding the Federal Reserve’s cautious stance. Interest Rate Ambiguity: The Federal Reserve’s unclear trajectory on rate cuts adds uncertainty to the market, discouraging risk-on behavior. Economic Policy Ambiguity: Thorn warned that uncertainties surrounding Trump’s economic policies might exacerbate volatility in risk assets, including Bitcoin. Bitcoin’s Short-Term Downward Pressure Market Divergence and BTC’s Price Movement Diverging views on Trump’s economic agenda are creating headwinds for Bitcoin: Immediate Impact: Tariffs and other fiscal policies are perceived as a drag on market sentiment. Broader Implications: Policies that strengthen the dollar further challenge Bitcoin, which tends to thrive in weaker fiat environments. Two-Day Decline in BTC Prices Over the past two days, Bitcoin has experienced noticeable declines, which analysts attribute to these compounding factors. Long-Term Outlook for Bitcoin Remains Positive Despite short-term turbulence, analysts maintain optimism for Bitcoin’s long-term growth: Structural Tailwinds: BTC continues to benefit from macroeconomic trends like increasing institutional adoption and rising interest in decentralized finance (DeFi). Hedge Against Inflation: Bitcoin’s role as a store of value in the face of inflationary pressures remains a key driver for long-term investors. Broader Crypto Market Context Bitcoin’s price movement often sets the tone for the broader crypto market. Current trends suggest: Altcoin Vulnerability: As Bitcoin faces headwinds, altcoins could experience amplified volatility. Market Liquidity: Reduced trading volumes in the crypto market reflect cautious sentiment among investors. Conclusion Bitcoin is facing short-term downward pressure due to a stronger dollar and uncertainty surrounding U.S. President-elect Donald Trump’s economic policies. While these factors contribute to immediate market challenges, the long-term outlook for Bitcoin and other cryptocurrencies remains optimistic, supported by structural tailwinds and macroeconomic trends. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.