Ripple top executive has commented on a tweet which celebrated Gary Gensler’s exodus from the SEC
Bitcoin (BTC) climbed to $105,000 today, reaching a new peak for 2025, as excitement grows for the inauguration of Donald Trump, who is expected to form a more crypto-friendly US government. The price increase represents a 5.2% increase over the past 24 hours and marks a sharp recovery from the start of the week when Bitcoin fell below $90,000 amid a broad market sell-off. The rally, which has seen BTC surge 17%, began as investor concerns eased following Wednesday’s US CPI inflation report. Speculation about Trump’s potential actions regarding cryptocurrency policy, such as easing regulations and creating a Bitcoin strategic reserve, further fueled the bullish trend as the Jan. 20 inauguration approaches. Bitcoin has successfully broken out of a multi-week downtrend, surpassing last week’s high of $102,000, with analysts now eyeing key resistance levels. Related News: Big Day in Bitcoin on Monday, Analyst Says: "It's Definitely Coming" “Near-term target resistance is now $108,000. There are many reasons for bullishness,” Alex Thorn, Galaxy’s research manager, said on X (formerly Twitter). Similarly, John Glover, Chief Investment Officer of crypto lender Ledn, described Bitcoin’s technical setup as “very constructive” as Biden enters the final week of his presidency. “The only risk to a corrective move would be if Trump fails to act on his plans to ease regulatory policies for digital assets or create BTC treasury holdings,” Glover wrote in a note to clients, drawing on recent headlines suggesting Trump is determined to make crypto a priority in his first 100 days. Using wave theory, Glover predicted that Bitcoin could reach $128,000 in the coming months, completing a larger third wave in the uptrend. According to this theory, market trends occur in five waves, three of which are in line with the main trend while two represent pullbacks. Breaking above the all-time high of $108,000 is critical to sustaining the current bullish momentum. While Glover acknowledged that the likelihood of BTC revisiting its recent low of $90,000 is low, he noted that this scenario is becoming increasingly less likely as momentum builds. *This is not investment advice. Continue Reading: Analyst Points to the Next Target on the Horizon After the Surge in Bitcoin: “If This Place Is Breached, The Next Stop Could Be 128 Thousand Dollars”
XRP's rise may lead to significant price increases for Solana. Solana must enhance its market presence to realize price predictions. Continue Reading: Watch As XRP’s Market Value Soars: What It Means for Solana’s Price The post Watch As XRP’s Market Value Soars: What It Means for Solana’s Price appeared first on COINTURK NEWS .
The opportunity to earn while investing captures the imagination of every crypto enthusiast, highlighted by three exciting developments. BlockDAG ’s affiliate program rewards users and their friends with 10% cashback in USDT on all purchases, enhancing community ties and providing instant benefits. Ethereum is making strides toward a $3,500 target, powered by solid technical indicators, while XRP has reached the $3 mark for the first time in six years despite potential legal hurdles and market corrections. Unlike Ethereum and XRP, which depend on market trends, BlockDAG offers concrete advantages through its affiliate program and strong presale performance, establishing it as a solid candidate for both immediate and future financial gains. Earn Big with BlockDAG: 10% Cashback Ends Soon! BlockDAG has introduced a 10-day affiliate program where users can gain 10% cashback in USDT on each referral and purchase, ensuring mutual benefits—both the referrer and the referred get 10% back. This makes for an appealing way to boost your crypto holdings. How It Works: Register for the affiliate program on BlockDAG’s website. Share your unique referral link with friends. Collect rewards instantly. For instance, if a friend buys $1,000 in BDAG coins, you both get $100 USDT. Example Scenarios: Refer 5 friends who each buy $1,000 in BDAG coins, and you get $500 USDT, with your friends also collecting $500 USDT. If your referred friends altogether make purchases totaling $10,000, you’ll enjoy a substantial cashback of $1,000 USDT. Maximizing Your Referrals: Promote your link across social platforms like Twitter or Telegram to increase your network. Employ the ROI Calculator to demonstrate the lucrative returns on BDAG coins, like turning a $1,000 holding into $49,000 by 2030, predicting a 4,900% ROI. This program not only offers immediate cashback but also opens doors to significant future earnings. Remember, this offer is time-sensitive, available only for 10 days! BlockDAG is currently conducting its 27th presale batch at $0.0248 per coin, having already gathered over $181 million with more than 17.9 billion coins sold. Ethereum Poised for Growth: Bulls Aim for $3,500 Ethereum’s upward momentum is building, as it rises past $3,240 and stabilizes above $3,320, supported by the 100-hour Simple Moving Average. A breakout at $3,300 on the hourly chart has added strength to the bullish outlook. Recently, Ethereum touched $3,473 before facing resistance near $3,480. Despite a slight pullback, support at $3,350 has held strong, leaving room for further growth. Breaking past $3,500 could pave the way for Ethereum to reach $3,550 or even higher levels. The signs are encouraging. The MACD is gaining strength in the bullish zone, and the RSI remains above 50, showing steady buyer confidence. With solid support levels in place, Ethereum is in a strong position to continue its climb. The future looks bright as it eyes the $3,500 mark and beyond. XRP Hits $3 After Six Years: Is More Growth Ahead? XRP has made an impressive comeback, climbing to $3 for the first time in six years with a 25% gain in just a week. Investors are optimistic, anticipating pro-crypto regulatory changes under the incoming Trump administration, which could pave the way for further growth. While technical indicators like the RSI suggest a potential overbought scenario and hint at a possible 20% correction toward $2.52, this is often part of a healthy market cycle. Corrections can create opportunities for new investors to join the rally. Although the SEC’s renewed focus on XRP as an unregistered security poses challenges, Ripple’s resilience in the face of legal battles could position XRP for long-term success. With its recent surge, the future of XRP looks promising for both short-term and long-term investors. Final Thoughts Ethereum’s ascent toward $3,500 illustrates its potential driven by solid technicals, while XRP’s climb to $3 indicates a blend of optimism and regulatory challenges. BlockDAG, however, offers more than just speculative potential—its affiliate program delivers immediate 10% cash-back rewards, promoting active community involvement. With a successful presale exceeding $181 million, BlockDAG presents itself as a prudent choice for buyers looking for both quick returns and long-term prospects. Through its innovative approach, BlockDAG provides opportunities that go beyond following market fluctuations, appealing to those who value both stability and growth potential. Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu The post Only 8 Days Left! Earn 10% Instant USDT With BlockDAG’s Affiliate Program— Ethereum Eyes $3500 & XRP Hits $3 appeared first on TheCoinrise.com .
Is Solana Price Struggling? Could Holding New Coin Elluminex Give You 1000% ROI The crypto market has experienced a notable movement as Solana (SOL) rebounds above the $203 mark amid narrowing losses. This rebound is significant for traders as it suggests a possible shift in market sentiment as SOL attempts to recover from its recent downturn. Market pundits will likely view this price movement as a sign of resilience. However, market trends continue to influence its trajectory. Meanwhile, Elluminex aims to be the first comprehensive DeFi hub on the TON blockchain, designed to redefine the DeFi market as we know it. Its state-of-the-art cross-chain protocol unifies isolated blockchains and brings all the best opportunities together in one place. Moreover, users can reap substantial returns from engaging with the platform and its advanced staking and farming model. Elluminex (ELX) To Reinvent The DeFi Landscape Elluminex is leading the crypto presale hype due to its ecosystem’s flagship feature. Through the upcoming innovative Cross-Chain Bridge, Elluminex (ELX) connects isolated blockchains, allowing users to effortlessly swap assets while enjoying high transaction speeds at the lowest possible prices. This has enhanced liquidity as the platform sources liquidity across multiple blockchains, resulting in low slippage, even in high-volume situations. Its intuitive and lean interface will ensure trading is seamless and stress-free. To reduce barriers to entry and improve privacy, Elluminex has eliminated KYC verification requirements. Users will only need to connect their self-custodial wallets to get started. But that’s not all. Thanks to its exclusive Elluminex portfolio tracker, users can keep track of their assets and manage them most effectively. It will allow users to access real-time analytics, keep up with the latest market updates, and make informed decisions based on raw data. Notably, the project’s intriguing premarket feature will grant early access to TON-based tokens before they hit the market. Elluminex understands that the primary reason hindering DeFi adoption is the market’s inherently complex nature. The platform aims to demystify DeFi by fostering an inclusive and educational academy that enables users to understand core concepts and assists them in making informed decisions. Based on these fundamentals, Elluminex could experience widespread adoption that could increase ELX’s valuation exponentially. Solana Bull Flag Signals A Breakout To $300 Solana (SOL) is at a critical point as it tests demand at previous price levels that acted as resistance. Since late November, SOL’s price has declined, dampening the hype surrounding the altcoin. The prolonged downturn has sparked concerns about whether SOL can regain its bullish momentum. Top analyst Jelle indicated that Solana had formed a falling wedge pattern, a classic bullish formation into a zone once a critical resistance level. Notably, Solana’s price has validated this level as support, offering a foundation for a significant rally in the near term. If this support holds, it could fuel a bullish sentiment, positioning the altcoin for another strong run. However, if the price of Solana fails to sustain this level, it could signal a downside trajectory, potentially eroding confidence in its long-term trajectory. SOL coin must maintain a foothold at the $210 level to trigger a rally that could push its value toward the $250 mark. This recovery could allow the altcoin to regain its bullish momentum and steer it to challenge its ATH. While this case appears ambitious, SOL price performance has demonstrated a capacity for rapid upward movement during similar conditions. A stronghold above the $210 level could validate the recovery and attract fresh buying interest, creating a basis for the next leg of its rally. Can Elluminex Mirror SOL’s Bullish Performance? With bullish momentum on the horizon, the coming days will be critical in determining whether the SOL price will make history and aim for unprecedented price levels. Meanwhile, Elluminex features have positioned itself to garner considerable interest. Once the presale is live, users can invest in a project that could reinvent DeFi. For more information about Elluminex (ELX), visit the links below: Website: https://elluminex.com/ Twitter/X: https://x.com/elluminex Telegram: https://t.me/Elluminex 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 .
Trading volume had been muted since the second half of December, but the rally from $0.03 last week saw a slight hike.
eT oro, the retail trading platform founded in 2007, is officially chasing the big leagues. According to a Jan. 17 report by the Financial Times, the company has filed confidential documents with the US Securities and Exchange Commission (SEC) to prepare for an initial public offering (IPO) in New York. They’re targeting a valuation of $5 billion and it could happen as early as the second quarter of this year, according to the report. Why eToro chose New York over London eToro’s largest market is in the UK, but it’s turning its back on London, a market its CEO Yoni Assia says no longer serves the company’s global ambitions. In his own words: “Very few of our global clients would trade UK shares. Something in the US market creates a pool of both deep liquidity and deep awareness for those assets that are trading in the US” Back in 2021, the company tried a $10.4 billion merger with a special purpose acquisition company (SPAC), but it ultimately fell apart in 2022. Assia explained the reasoning at the time, saying, “The markets aren’t there.” That SPAC boom, which promised quick and easy access to public markets, had already imploded by then. In 2023, the company raised $250 million in a funding round led by big names like SoftBank and Ion Group. That round valued the company at $3.5 billion. Now with Goldman Sachs, Jefferies, and UBS backing it, eToro is going to Wall Street. An IPO process starts when the company decides it’s time to go public, and it usually comes down to needing money for expansion or giving early stakeholders a way to turn their equity into actual dollars. Once that decision is locked in, the next step is bringing in underwriters (that’s Goldman Sachs and the rest). These banks will figure out the company’s worth, guide the share pricing, and manage how the stock is introduced to the market. Then the company’s financials are picked apart and put under a microscope. Everything—balance sheets, operations, risks—gets thrown into a registration document, typically an S-1 form, which is filed with the Securities and Exchange Commission (SEC). From Zero to Web3 Pro: Your 90-Day Career Launch Plan
In a recent news update dated January 18th, COINOTAG reported that Binance has officially resumed Solana (SOL) withdrawals on its Solana network. This development comes as a significant relief for
Bitcoin’s $200K projection driven by $520B Inflows and pro-crypto policies in 2025 Cup-and-handle breakout signals $276K target, backed by bullish technical patterns Trump’s Bitcoin reserve plan fuels adoption hopes and regulatory optimism Bitcoin’s price is projected to achieve substantial gains, with analysts predicting it could surpass $200,000 by 2025. Key factors driving this outlook include strong market inflows, supportive regulatory shifts, and favorable market cycles. According to CryptoQuant, potential inflows of $520 billion into the crypto market could significantly increase Bitcoin’s market capitalization . With each dollar invested having a multiplier effect—elevating Bitcoin’s market value by $2 to $6—these inflows could amplify its growth substantially. Bitcoin’s price could soar past 200k in 2025. Potential $520B inflows, pro-crypto policies, and a bullish 4-year cycle drive this outlook. The multiplier effect means every $1 inflow could boost BTC’s market value by $2-$6. pic.twitter.com/sAEJhKpcID — CryptoQuant.com (@cryptoquant_com) January 17, 2025 Technical Analysis: $276K Cup-and-Handle Target Technical indicator… The post Bitcoin Predicted to Hit $200K in 2025: Market, Policy Catalysts Ahead appeared first on Coin Edition .
A Malaysian accountant has lost half a million to Bitcoin scammers. According to reports, the victim, a 61-year-old accountant, lost about RM460,888 to the bad actors after making a bad investment decision. According to the police report, the Malaysian accountant was enticed by the returns of a Bitcoin investment scheme. Police chief ACP Mohd Sohaimi Ishak of the Seri Alam district revealed that the elderly woman lodged a report at the police station after discovering the scam. In her report, she claimed she was introduced to an investment platform called PFOU. The victim also added that she joined the platform in July 2024 after several advertisements on Facebook convinced her beyond every reasonable doubt. Malaysian accountant loses RM460,888 to scammers According to her report, after she signified interest in joining the investment group, she was sent a link that would lead her to the general group. While she was in the general group, the bad actors deployed several individuals to explain how the investment worked. They gave her the scoops, convincing her further about the platform’s legitimacy. She highlighted that their explanations were mainly about the returns she would get from her investment. The victim, after taking months to deliberate on the investment opportunity, decided to invest in December. According to her, she was nearing retirement, and what better way to tie funds to an investment that would see you recoup massive returns. In her statement, the Malaysian accountant claimed that the scammers directed her to download an application called UVKXE. The application was used to monitor investments and profits in real-time. The Malaysian accountant was asked to make several payments, with her statement detailing that she made three, which totaled RM460,888. The victim made these payments to two different bank accounts, making the payments between December 30 and January 16. After paying, she was able to view her investments and profits from the UVKXE application as the scammers said. She saw her investment and profits of about 1,219,907 in USDT (RM5.5 million). Police promise to apprehend the criminals According to the statement, things started to go south after the Malaysian accountant notified the scammers about her plans to withdraw her profits. She was asked to pay RM550,152 as management fees. Sohaimi said that the victim, realizing she had been scammed, chose not to pay the fee, and subsequently filed a report with the police. According to Sohaimi, the authorities will do everything in their power to apprehend the criminals and make them face the full wrath of the law. The case has also been filed under Section 420 of the Penal Code for cheating. If the criminals are found guilty, they will be sentenced to prison for 10 years, caned, and asked to pay a fine after conviction. The investigation will also include money mule accounts, which translates into a fine of RM 100,000 and imprisonment. “The investigations will also cover the involvement of money mule accounts under Section 424 of the Penal Code, which provides for a maximum fine of RM100,000, imprisonment of up to seven years, or both,” Sohaimi added. Mohd Sohaimi also urged the general public to be alert to the rising trends of fake investment scams . The criminals usually feed on their victims’ ignorance, by promising them very high returns. Once the victims see the returns, they do not bother to do background checks and begin to send funds to the criminals. With crypto gaining mainstream attention, there will be an increase in cases like this, but he urged the public to be cautious and ask experts about these investments before they dabble into it. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap