Day: January 29, 2025

Bitcoin poised for massive correction to $70K-$75K before surging to $250K by year end, BitMEX co-founder

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BitMEX co-founder Arthur Hayes predicted that Bitcoin could potentially pull back toward the $70,000 to $75,000 range. In a recent post on X, BitMEX co-founder Arthur Hayes said that Bitcoin (BTC) price stands poised for a massive correction to the $70,000 to $75,000 range. Furthermore, he suggested that this dip could trigger a “mini financial crisis” and result in a renewed wave of money printing. This development, according to Hayes, could ultimately propel Bitcoin’s price to $250,000 by the end of 2025. Reversing the order of my tryptic essay series.…

Czech central bank eyes holding up to 5% of reserves in Bitcoin: report

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Governor Aleš Michl plans to propose a Bitcoin investment to the Czech National Bank’s board, potentially allocating up to 5% of reserves to the digital asset. Czech National Bank Governor Aleš Michl is making a bold move, one no other Western central bank has taken so far: he wants to put Bitcoin (BTC) in the country’s reserves. If approved, up to 5% of the Czech National Bank’s €140 billion in reserves could be allocated to Bitcoin. Michl plans to present his proposal to the CNB board on Jan. 30, telling…

Buy Bitcoin If This Happens, Says Arthur Hayes

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Este artículo también está disponible en español. Arthur Hayes, the Chief Investment Officer at Maelstrom and co-Founder as well as former CEO of BitMEX, has published a new essay titled “The Ugly,” in which he contends that Bitcoin could be poised for a profound near-term pullback before ultimately marching to unprecedented highs. While retaining his characteristic bluntness, Hayes lays out two scenarios when to buy Bitcoin. Buy Bitcoin If This Happens Hayes’ essay begins by recounting a sudden shift in sentiment that caught him off guard. Comparing financial analysis to…

Jim Cramer calls to buy Bitcoin: BTC dip soon?

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On Jan. 27, 2025, Jim Cramer, a legendary Mad Money host, urged his audience to buy Bitcoin and dump MicroStrategy stocks. Is Bitcoin doomed? No, really? If you are not familiar with Jim Cramer yet, you probably don’t know why his investment bets are talked about massively on the web but are hardly taken seriously. Long story short, some of Cramer’s predictions were 180 degrees from what happened. His reputation as the man whose market forecasts are fully opposite to what comes after is outstanding and meme-rich.  On Jan. 27,…

Green energy tech firm Nuvve to allocate 30% of excess cash to Bitcoin

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Nuvve, which helps EVs share power with the grid, will invest up to 30% of its extra cash in Bitcoin to diversify the company’s treasury holdings. Nuvve, a public Californian company focused on connecting electric vehicles to the grid, said its board has approved holding Bitcoin (BTC) as a primary treasury asset. In a Jan. 28 press release, the San Diego-headquartered company revealed it would invest up to 30% of its excess cash, based on its estimated six-month operating expenses, into BTC. How much Bitcoin it actually buys will depend…

Bitcoin ETFs cling to $18.44m inflows as BTC awaits FOMC decision near $102k

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Spot Bitcoin exchange-traded funds in the U.S. flipped to inflows on Jan. 28 as Bitcoin reclaimed $102k, with the market bracing for the upcoming FOMC meeting. According to data from SoSoValue, the 12 Bitcoin ETFs returned to net inflows on Tuesday, with $18.44 million entering the funds. This followed a $457.48 million outflow the previous day, as investor sentiment turned risk-off amid concerns over the rising popularity of the Chinese AI app DeepSeek, which contributed to a sharp drop in both tech stocks and the crypto market. All of the…

Bitcoin New High In 2 Weeks? Analysts Eye February Rally

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Este artículo también está disponible en español. After starting the week with a red Monday, Bitcoin (BTC) has recovered the $100,000 zone, registering a 4% recovery from yesterday’s lows. Following its recovery, some crypto analysts suggested that BTC could be getting ready for a February pump. Related Reading Choppy January, Double-Digit February? On Monday, the crypto market suffered a shakeout generated by the broader sell-off ignited by DeepSeek’s Artificial Intelligence (AI) news. Altcoins like Ethereum (ETH) and Solana (SOL) fell 8.4% and 15%, respectively, while Bitcoin dropped 5%. The flagship…

Solana (SOL) at Risk: Could More Losses Be on The Horizon?

Solana started a fresh decline below the $250 support. SOL price is consolidating and might face resistance near the $235 and $242 levels. SOL price started a fresh decline below the $250 and $240 levels against the US Dollar. The price is now trading below $240 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $235 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $242 zone.…

Bitcoin Holds Steady Amid NASDAQ Decline, Analyst Calls It ‘Extremely Bullish’

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Este artículo también está disponible en español. Yesterday, the NASDAQ slid 3% as China’s low-cost AI model, DeepSeek, sent shockwaves through the tech industry, triggering a steep sell-off in US chipmakers. While Bitcoin (BTC) also dipped to a low of $97,777, the flagship cryptocurrency has since recovered most of its losses, trading above the key $100,000 price level. Bitcoin Holding Strong Despite NASDAQ Sell-Off Bitcoin’s resiliency amid the stock market sell-off is ‘extremely bullish’, says Bitwise’s European Head of Research, Andre Dragosch. They highlighted that the leading digital asset has…

XRP Price Surge Cools Off: Is the Uptrend Still Intact?

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XRP price started a strong increase above the $2.850 zone. The price is now correcting gains and showing positive signs above $3.00. XRP price started a downside correction from the $3.220 zone. The price is now trading above $3.00 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $3.150 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $3.150 resistance zone. XRP Price Regains Momentum XRP…