As Bitcoin navigates a holiday-induced liquidity crunch, analysts are optimistic about a potential rally in the coming weeks, highlighting key market indicators. The decline in Bitcoin’s trading volume to 91%
Cryptocurrency analyst Fred Krueger has made a bold statement, claiming that gold is on its way to becoming obsolete in the face of Bitcoin’s growing dominance. In his speech, Krueger argued that Bitcoin will emerge as the ultimate form of sound money, despite gold enthusiasts and Bitcoin supporters sharing a common disdain for fiat currencies. Krueger outlined a historical timeline to illustrate the failures of gold as a reliable monetary standard: The Coinage Act of 1792 defined the U.S. dollar against gold and silver. By 1862, the issuance of unbacked “Greenbacks” during the Civil War marked a departure from gold-backed currency. 1900 tarihli Altın Standardı Yasası ABD’de uygulandı, ancak küresel kullanımı dalgalı bir seyir izledi: Britain abandoned the gold standard in 1914, reintroduced it in 1925, and abandoned it permanently in 1931. In 1933, President Franklin D. Roosevelt officially ended the gold standard with Executive Order 6102, requiring Americans to sell their gold to the government. The Bretton Woods Agreement of 1944 pegged gold at $44 per ounce, but collapsed in 1971 when President Nixon ended the gold standard entirely. Krueger concluded: “The idea of backing your currency with gold makes no sense. Gold certificates cannot be trusted, gold does not travel, and is a vastly inferior form of money compared to Bitcoin.” Related News: Bankrupt Cryptocurrency Whale Still Won't Give Up: It Increased its Position Even More Krueger noted Bitcoin’s advantages over gold, calling it a superior monetary system. Unlike gold, Bitcoin can be easily traded, stored securely, and transferred across borders with minimal friction. “Gold can’t travel. It decays to a power law of 5.0 almost as fast as fiat. Nobody uses gold as a medium of exchange. That makes Bitcoin Lightning look good,” he said. Krueger suggested that the United States sell its gold reserves and invest in Bitcoin instead. Echoing Bitcoin advocate Samson Mow, Krueger argued that such a move would initially strengthen the dollar but would eventually pave the way for Bitcoin to replace fiat currencies. *This is not investment advice. Continue Reading: Is Gold or Bitcoin the Real Currency? Expert Analyst Explains Why
The resurgence of institutional demand in the U.S. has reignited discussions around Bitcoin’s potential to reach the coveted $100,000 mark once more. Recent data indicates a notable uptick in activity
Lookonchain uncovered what appears to be a significant case of insider trading involving the cryptocurrency FOCAI on the Solana blockchain. According to a post made in the early hours of today, insiders associated with the token have reportedly made profits amounting to $20 million. The investigation by Lookonchain revealed that 15 suspected insider wallets collectively spent 67.16 SOL, equivalent to approximately $14.6K at the time, to purchase 605 million FOCAI tokens, which constituted 60.5% of the token’s total supply. These transactions were executed on Raydium, a decentralized exchange on the Solana network. The insiders then sold all their holdings for 94,175 SOL, which, at the time of sale, was valued at around $20.5 million. This netted them a profit of 94,108 SOL, or roughly $20.48 million. Inside traders used other wallets for ‘market making’ In a follow-up tweet, Lookonchain provided a correction to its initial findings, stating that it was confirmed the team behind FOCAI used other insider wallets to acquire the token supply, further implicating the project’s team in the orchestration of the trade. Correction: Yes, it appears the team used other insider wallets to acquire the supply. https://t.co/rw0wUi2nWG — Lookonchain (@lookonchain) January 4, 2025 The revelation has sparked a significant reaction within the cryptocurrency community on X, with users expressing shock and dismay at the scale of the profits made through what appears to be privileged information. According to Coingecko Terminal market data, the AI cryptocurrency made a strong debut, quickly surging in value after going online. Within just 11 minutes, the project reached a market capitalization of over $50 million. Trading volume also spiked, reaching $48.2 million within the first 47 minutes of its launch. FOCAI 24-hour price chart. Source: TradingView After insider trading activity ensued, the price dropped to $0.327, with a market cap of $32.7 million. Analysts identify FOCAI red flags A crypto analyst going by the handle @olegmetaverse posted a detailed warning on X, flagging the FOCAI project as a potential scam. According to oleG, the AI-affiliated coin had several red flags that suggest misrepresentation and lack of technical integrity. $focai is larp lol $check @larpcheckAI I'll analyze the provided codebase according to the specified criteria and generate a comprehensive fraud detection report. Cryptocurrency Project Fraud Analysis Report 1. Executive Summary Overall Risk Assessment Score: 75/100 (High Risk)… — oleG🗿 (@olegmetaverse) January 4, 2025 The analysis revealed that the Solana token appears to be a fork or clone of an existing cryptocurrency, Eliza, with minimal original contributions. The analyst highlighted the heavy use of buzzwords like “AI” and “blockchain” in the marketing materials without any substantial technical backing to support such claims. Another major issue they pointed out was the inconsistent and incomplete documentation across various languages, suggesting a lack of transparency and possibly an attempt to mislead investors. They also found that, despite claiming blockchain integration, the project’s codebase showed no significant blockchain or cryptocurrency features, contradicting its promotional promises. Further scrutiny revealed unclear token economics, an important element for any legitimate cryptocurrency project, and a lack of proper smart contract implementation, which is fundamental to blockchain-based systems. The code itself was heavily based on forked code, with poor security measures and no evidence of decentralized operations. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Bitcoin’s daily volume remains 91% lower than the $743 million on Dec. 5, when BTC first surpassed the $100,000 milestone.
Solana (SOL) continues its upward momentum, trading at $216.13, a 1.50% increase in the last 24 hours. With a daily trading volume of $3.64 billion, the cryptocurrency has strengthened its position as the 5th largest by market capitalization at $104.37 billion. Recent developments, including substantial market transactions and regulatory advancements, have contributed to this sustained rally. A notable driver behind this price movement was a $55 million SOL transfer by Pump.fun to the Kraken exchange. The transaction, executed in two phases, helped push Solana’s price from $189 on January 1 to above $200. This highlights the significant impact large transactions have on market sentiment and liquidity. Solana (SOL) kicks off 2025 with strong momentum, driven by a $55 million transfer from https://t.co/uqSVXo4DSO to Kraken, leading to a 10% price surge. Is this the start of a Solana rally? #Solana #Crypto pic.twitter.com/vqarfcdU6d — Thaddeus_ETH (@Thaddeuss_ETH) January 4, 2025 ETF Developments Fuel Optimism Speculation around a potential U.S. spot Solana ETF approval has added another layer of support to its price. Polymarket data estimates a 76% probability of approval by 2025, a development that analysts believe could attract institutional investments and drive Solana toward a $400 valuation. Just In : @vaneck_us 's Matthew Sigel believes Polymarket's 77% probability of a $Solana ETF being approved in 2025 is "underpriced, imo." pic.twitter.com/nMyweyTN6i — AltCoiners.live (@alt_coiners) January 4, 2025 Global markets are already showing signs of growing confidence in Solana. Brazil approved its first Solana ETF in August 2024, signaling a broader acceptance of the cryptocurrency in regulated markets. Following this milestone, Solana’s price climbed to $230 by December, supported by institutional interest and growing adoption. The possibility of a U.S. ETF approval could have a transformative impact on Solana’s market dynamics. Such a development would likely result in significant inflows from institutional investors, further boosting the cryptocurrency’s value. Analysts view this as a key catalyst for Solana’s long-term growth, particularly as regulatory clarity improves globally. Solana Price Analysis: Technical Outlook From a technical perspective , Solana is currently testing resistance at $218.15, a level aligned with a descending trendline. Solana Technical Outlook SOL tests critical resistance at $218.15, aligned with a descending trendline. A breakout targets $227.54 & $234.88. Support levels: $210.09, $201.21, $198.45. RSI at 62 & price above 50 EMA ($201.21) signal moderate bullish momentum. #Solana pic.twitter.com/1sLGgOBB65 — Arslan Ali (@forex_arslan) January 4, 2025 Breaking above this resistance is critical for further upward movement. If successful, the next targets are $227.54 and $234.88, which represent important levels for sustained growth. On the downside, support is firmly positioned at $210.09, with additional levels at $201.21 and $198.45. These zones provide stability in case of price corrections. The Relative Strength Index (RSI) is at 62, indicating moderate upward momentum, while the price remains above its 50-day Exponential Moving Average (EMA) at $201.21, reinforcing the near-term bullish outlook. Key Takeaways Market Activity: A $55 million SOL transfer contributed to Solana’s rise above $200, highlighting the influence of large transactions on price action. ETF Potential: Speculation surrounding a U.S. spot Solana ETF could attract institutional investments and drive prices toward $400. Technical Levels: Resistance at $218.15 is critical for continued growth, with support levels at $210.09 and $201.21 stabilizing potential pullbacks. $BEST Wallet Raises Nearly $6.3M: Limited Time to Buy Best Wallet continues to make waves in the Web3 space, supporting thousands of cryptocurrencies across 50+ major blockchains, including Bitcoin and Ethereum. With user-friendly tools for buying, selling, and swapping both same- and cross-chain assets—without requiring KYC verification—the platform has become a go-to solution for crypto enthusiasts. The $BEST token presale has now raised $6.3 million, with only 24 hours remaining before the next price increase. Tokens are currently priced at $0.023475, offering an attractive opportunity for early investors to join this fast-growing ecosystem. Why Invest in $BEST? Utility-Focused: Built for DeFi, staking, and easy token claims. Expanding Ecosystem: Strategic partnerships with platforms like Pepe Unchained. Engaged Community: Active participation across Twitter and Telegram . Best Wallet is setting new benchmarks in Web3 innovation. Don’t miss this chance to secure $BEST tokens before the price increases—time is running out! The post Solana Flips Binance Coin in Market Cap: Where Can the Price Go appeared first on Cryptonews .
Is U.S institutional demand enough to push BTC to $100K again?
Dogecoin price opened trading at $0.38 on Saturday, January 4, up 25% since Elon Musk’s recent X profile updates stirred the global crypto community on December 31. With capital inflows outpacing price movements, can DOGE flip the $0.40 resistance? Dogecoin Emerges Top-gainer as Markets react to Elon Musk’s X profile update Dogecoin has outperformed all of the top 10 cryptocurrencies this week as the global crypto markets made a positive start to 2025. Notably, the memecoin sub-sector attracted significant investors’ interest amid the ongoing rally, a move linked to Elon Musk. Dogecoin Price Action | DOGEUSD The Tesla and SpaceX CEO updated his X profile name to “Kekius Maximus” on December 31, while his profile picture featured a direct reference to PEPE. This sparked intense speculation, driving up prices across the global memecoin markets, including Dogecoin. As depicted in the chart above DOGE price traded as low as $0.31 on December 31. Following Elon Musk’s profile updates, Dogecoin price increased by 25.8%, reaching $0.39 at press time on January 4. DOGE Traders Deploy $790M Fresh Capital in the Last 5 Days However, while the updates have since been reverted, other vital market indicators suggest the bullish DOGE market momentum could linger. Notably, Dogecoin derivatives markets data shows fresh capital inflows recorded in the past week outpaces the current DOGE price gains, indicating further upside potential. In affirmation of this stance, Coinglass Open Interest chart below tracks real-time changes in capital stock invested with a cryptocurrency’s perpetual futures derivatives contracts. This serves as a proxy for monitoring the directional flow of capital around critical market phases. Dogecoin open interest vs. DOGE price | Source: Coinglass As highlighted above, Dogecoin open interest stood at $2 billion as of Jan 1. But that figure has since skyrocketed by $790 million to $2.79 billion at press time on January 4, reflecting a 39.5% increase in capital stock underpinning the DOGE derivatives markets. Crucially, this means that the 39.5% growth in open interest has outpaced the 25% price gains observed in the DOGE spot markets. When open interest rises quicker than prices, it flashes bullish signals for two key reasons. First, the disproportionate growth in open interest relative to spot price gains suggests increasing leverage and heightened speculative activity in Dogecoin’s derivatives markets. Dogecoin Price Forecast: Breaching $0.40 Could Trigger More Gains As fresh capital continues flowing into DOGE trading positions, the growing liquidity eases the path to further upside. To amplify gains, highly leveraged DOGE traders are now incentivized to make rapid spot purchases, potentially driving prices above $0.40 in the days ahead. Technical indicators on the DOGEUSD daily chart also support this optimistic bullish price forecast with the Parabolic SAR dots moving below current prices, amid rising volumes. Dogecoin price forecast | DOGEUSD As seen below, Dogecoin price prediction hints that DOGE is positioned for further gains as it flirts with the $0.40 resistance level. On the daily chart, Parabolic SAR dots remain below the current price, a clear indication of sustained bullish momentum. Rising trading volumes confirm increasing participation, while a positive volume delta suggests buyers maintain control. This sets the stage for DOGE to test $0.42 as the next key resistance, with $0.47 acting as an extended target if upward momentum intensifies. Conversely, the prevalence of highly leveraged LONG positions introduces risks of sharp downward volatility if sentiment reverses. In a bearish scenario, DOGE could find initial support at the $0.36 territory —a key support level marked by prior accumulation. A deeper pullback could see DOGE price test $0.34, where another major historical buy-wall looms. The post Dogecoin Price Eyes $0.45 Breakout as Elon Musk Sparks $790M Inflows appeared first on CoinGape .
The long-awaited FTX reorganization plan, pivotal in resolving the bankruptcy saga of the defunct cryptocurrency exchange, officially took effect on January 3. This milestone allows eligible users to begin receiving repayments, a key development in addressing the fallout from FTX’s collapse in late 2022. In a public announcement , FTX debtors cautioned users against phishing attempts, urging claimants to rely solely on the official website for filing and updates. Users who filed claims through this official channel can expect receiving their repayments within 60 days, starting with those in the “convenience class.” The reorganization plan, approved in October , prioritizes claimants with amounts of $50,000 or less. It aims to compensate 98% of FTX users with payouts exceeding 100% of their declared holdings, providing some relief to a broad base of affected customers. First Repayments Target Small Claim Holders The initial wave of repayments highlights FTX’s effort to restore trust by addressing smaller claims promptly. While this move is seen as a positive step, larger claimants remain in limbo, waiting for the next phase of distributions. Criticism, however, persists regarding the methodology for calculating reimbursements. FTX’s plan bases repayments on cryptocurrency valuations from November 2022, when the exchange filed for bankruptcy. For example, Bitcoin has surged over 400% since then, currently valued at $98,697. This pricing discrepancy has left some creditors feeling shortchanged, especially as market conditions have drastically improved. Mixed Reactions While FTX aims to settle claims totaling approximately $16 billion, the repayment structure has faced scrutiny . Critics argue that using outdated crypto valuations undermines the recovery for users who held assets with significant appreciation potential. Amid the repayment process, the legal fallout from FTX’s collapse continues. Several executives, including former CEO Sam Bankman-Fried and Alameda Research CEO Caroline Ellison, have faced prison sentences for their roles in the fraud. Bankman-Fried has since filed an appeal against his conviction. Crypto firms BitGo and Kraken have stepped in to facilitate the distribution of funds, playing a critical role in ensuring a smoother repayment process. While the reorganization marks significant progress in closing the FTX chapter, lingering concerns over valuation methodologies and unprocessed claims underscore the complexities of resolving one of crypto’s most infamous debacles. The post FTX Users Begin Receiving Repayments Under New Reorganization Plan appeared first on TheCoinrise.com .
Pepe Coin price has surged more than 3% today amid a robust rally noted in the broader crypto market. Amid this, a top market analyst predicts a potential 120% rally in the frog-themed meme coin to around $0.00004, which has fueled speculations in the digital assets space. In addition, this bold prediction also comes as the market focus appears to be shifting toward the meme space, with experts revealing bullish outlook for DOGE, SHIB, BONK, and others in 2025. Top Expert Predicts Pepe Coin Price To Hit $0.000046 The recent surge in Pepe Coin price alongside other top meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), BONK, and others, is attracting significant attention. Amid this, a top market analyst Rose Premium Signals highlighted the technical indicators of the frog-themed meme coin. The analyst noted that the technical charts show a strong accumulation pattern for the crypto. These include Fibonacci retracements and wedge formations, signaling an imminent breakout. Notably, the expert said that meme coins tend to lag behind Bitcoin and Ethereum during market rallies. However, once major cryptocurrencies stabilize, meme coins often experience exponential growth. Having said that, Rose Premium Signals shared bullish targets for the meme coins in a recent X post. For Pepe Coin price, the target is set at $0.000046, a rally of around 120% from its current price. Source: Rose Premium Signals, X Meanwhile, PEPE price today rose 3.03% to $0.00002097, while its daily trading volume rose 18% to $1.9 billion. Notably, the crypto has touched a high of $0.00002184 in the last 24 hours. Besides, CoinGlass data showed Pepe Futures Open Interest also showed a spike of 18%, indicating strong market confidence of the investors. What’s Next For Other Meme Coins? The recent rally in the meme coin has fueled speculations in the market. Adding to the excitement, a recent statement from market expert Murad has further sparked discussions in the market. In a recent X post, Murad stated: “There will soon be weeks when the whole World is talking about Memecoins.” Meanwhile, the meme coin sector’s potential for rapid gains continues to draw both seasoned investors and new traders. Analysts anticipate that the increasing market focus on these assets could drive prices to unprecedented levels. Having said that, DOGE, SHIB, BONK, and others, are also poised to rally alongside Pepe Coin price ahead. DOGE, SHIB, & BONK Eyes Massive Rally Rose Premium Signals also set bullish targets for the top dog-themed meme coins like DOGE, SHIB, and others alongside Pepe Coin price. For DOGE, the analyst has set a target of $0.825, while for SHIB, the target is at $0.000055. In addition, the expert expects the BONK price to hit $0.000076 in this cycle. Such bold predictions have sparked speculation about a possible meme coin rally cycle, with many investors eagerly watching for the next big move. Meanwhile, DOGE price today rallied 15% to $0.3896, while its one-day trading volume rocketed 195% to $6.44 billion. Besides, a recent DOGE price analysis hints at a potential rally to $0.73 for the crypto. On the other hand, SHIB price today rose 6% to $0.00002428, and its trading volume jumped 66% to $774.1 million. Furthermore, Shiba Inu Futures Open Interest was up 26% at the same time. Notably, a recent SHIB price analysis indicates a looming 45% rally in the meme coin’s price. Lastly, BONK price added about 8% today, indicating the shifting market focus towards the meme coins sector. In addition, a recent report also explored the key catalysts that might have boosted the BONK price today . The post Pepe Coin Price To Hit $0.00004 Amid Meme Coins Rally, Top Expert Predicts appeared first on CoinGape .