Day: January 28, 2025

Bitcoin ETFs switch back to outflows as China’s DeepSeek spooks investors

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Spot Bitcoin exchange-traded funds in the United States shifted back to outflows for the first time since President Donald Trump’s inauguration, triggered by the global adoption of the Chinese AI app DeepSeek, which spooked investors and led to massive liquidations across the crypto market yesterday. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $457.48 million in outflows on Jan. 28, ending their seven-day inflow streak, during which over $4.2 billion entered the funds. Fidelity’s FBTC experienced the highest outflows of the day, shedding $268.59 million, while Grayscale’s…

MicroStrategy’s Aggressive Bitcoin Strategy Continues With $1 Billion Purchase

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Este artículo también está disponible en español. MicroStrategy, the enterprise software company based in Tysons Corner, Virginia, has made headlines once again on Monday by purchasing Bitcoin (BTC) for the twelfth consecutive week.  This latest acquisition saw the company spend approximately $1.1 billion on the market’s leading cryptocurrency from January 21 to January 26, as disclosed in a recent filing with the US Securities and Exchange Commission (SEC).  With these purchases, MicroStrategy now holds around 471,107 BTC, valued at roughly $30.4 billion, representing over 2% of the total Bitcoin supply…

BNB Price Bounces Back Strongly: Is The Rally Sustainable?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Ethereum Foundation Sells Another 100 ETH, But There’s Still ‘Hopium’ For Holders

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Este artículo también está disponible en español. The Ethereum Foundation (EF) recently sold another 100 Ethereum (ETH) for 307,893 DAI, a stablecoin pegged to the US dollar. This marks the third time in 2025 that the EF has sold ETH, raising concerns among ETH holders about the cryptocurrency’s relatively lackluster price performance. EF Continues To Sell Ethereum, But Analysts Offer Hope  In a post on X earlier today, on-chain analytics platform Spot On Chain identified a transaction showing that the EF had offloaded another 100 ETH. As of January 27,…

XRP Price Dips Before Surging: Bulls Take Charge In A Dramatic Rebound

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XRP price declined sharply and tested the $2.650 support zone. The price is now correcting gains and showing positive signs above $3.00. XRP price started a fresh decline below the $3.00 zone. The price is now trading below $3.120 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2.950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might struggle to clear the $3.10 and $3.12 resistance levels. XRP Price Dips Further Before Rebound XRP…

Ethereum Price Forms Flag And Pole Pattern For Possible Breakout, New Targets Emerge

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Este artículo también está disponible en español. Crypto analyst Kartik has revealed a technical pattern that has formed for the Ethereum price, indicating a possible breakout may be on the horizon. The analyst further revealed the new targets that have emerged for ETH due to the bullish pattern.  Ethereum Price Forms Flag And Pole Pattern In a TradingView post, Kartik revealed that the Ethereum price had formed a flag and pole pattern, indicating that ETH could be set for a breakout. The analyst noted that this pattern has formed while…

PayPal’s PYUSD stablecoin joins Cardano’s ecosystem

PayPal USD stablecoin expands to the Cardano ecosystem via a new cross-chain bridge by Wanchain. PayPal USD (PYUSD), a stablecoin issued on Solana and Ethereum chains, can now be accessible on Cardano (ADA) through Wanchain’s interoperability solution, according to a press release Wanchain shared with crypto.news. Wanchain chief executive Temujin Louie says the bridge will give users “more options, increased flexibility and control” while transferring assets across different chains. Cardano’s decentralized finance ecosystem with nearly $447 million in total value locked per data from DefiLlama, will open doors for “greater…

Microstrategy Gears Up for Next Bitcoin Expansion With Fresh Capital Lined Up

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Microstrategy unveiled plans to issue preferred stock to fuel bitcoin acquisitions, following its $1.1 billion BTC purchase, solidifying its aggressive digital asset investment strategy. Microstrategy Powers Ahead as New Funding Fuels Its Bitcoin Buying Machine Software intelligence firm Microstrategy Inc. (Nasdaq: MSTR) announced Monday plans to issue 2,500,000 shares of Series A Perpetual Strike Preferred […] Original

Key Hurdles Blocking Its Path?

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Este artículo también está disponible en español. Ethereum price struggled to continue higher above $3,350 and dipped. ETH is now correcting losses and might face resistance near the $3,220 zone. Ethereum started a fresh decline below the $3,220 resistance zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,270 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if it stays below the $3,300 level. Ethereum Price Dips…

DeepSeek’s AI Breakthrough Triggers Fears In Tech Sector, Impacting Bitcoin Prices

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Este artículo también está disponible en español. As January draws to a close, the cryptocurrency market has experienced a significant downturn, with Bitcoin (BTC) and other digital assets suffering losses attributed to a broader sell-off in the technology sector.  Bitcoin’s price fell 3% to $101,400, with earlier lows reaching $97,750. The CoinDesk 20 index, which tracks a weighted average of various cryptocurrencies, recorded a 7% decline, reflecting the overall market’s cooling after reaching record highs earlier this month. Nasdaq Drops Over 3% As DeepSeek’s AI Advances Raise Concerns The tech-heavy…