Day: January 31, 2025

Stablecoin market cap jumps $37b, hits record high since Trump’s victory

The market capitalization of stablecoins has jumped by $37.6 billion since U.S. president Donald Trump’s electoral victory in November. A new report from on-chain analytics provider CryptoQuant has revealed that the total value of USD-denominated stablecoins in circulation has jumped to a new record high since the announcement on Nov. 6. The report, which tracks the total market cap of Tether (USDT), USD Coin, Binance USD, True USD, Pax Dollar, and DAI, reveals that they have collectively hit $204 billion, representing a 22 percent rise in value in the 86…

Chainlink Could Target $30 Once It Breaks Bullish Pattern – Top Analyst

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Este artículo también está disponible en español. Chainlink (LINK) has shown remarkable resilience amid market volatility, holding above key support levels while other assets experience sharp fluctuations. Despite uncertainty across the crypto space, LINK has surged over 12% since Wednesday, signaling strong bullish momentum and suggesting that the price is ready to continue climbing. Related Reading Top analyst Carl Runefelt shared a technical analysis on X, revealing that LINK is forming a bullish pattern that could lead to a significant breakout. According to Runefelt, Chainlink is on the verge of…

World Liberty doubles down on ETH with another $10m buy

World Liberty Financial, the decentralized finance project backed by U.S. President Donald Trump, has made another $10 million purchase of Ethereum. Ethereum (ETH) price has struggled for upside momentum as Bitcoin (BTC) hit new all-time high above $108k. However, Trump-backed World Liberty Financial has emerged as one of the top buyers of Ethereum, the largest altcoin by market capitalization. After purchasing $47 million worth of Ethereum on Trump’s inauguration day, the decentralized finance project has now acquired an additional $10 million in two separate transactions. The latest purchase, made on…

Crypto Analyst Predicts XRP Price Could Touch $15 Easily If This Happens

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Este artículo también está disponible en español. A well-known crypto analyst, Crypto Beast, has made a bold prediction about XRP future price trajectory, suggesting that it could reach $15 with ease under specific conditions. This interesting outlook comes amidst a consolidation of prices, which is now looking to regain momentum above $3. Banks Adopting XRP Could Send It To $15 Bitcoin was created to disrupt the traditional financial industry and compete with the existing global financial system. While many other early cryptocurrencies like Ethereum and Litecoin also built upon this…

Michael Saylor Breaks Forbes in Two as New Presales are Set to Explode in February

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Este artículo también está disponible en español. MicroStrategy’s CEO, Michael Saylor, has made it to the cover of Forbes, with the magazine giving him the title “The Bitcoin Alchemist.” The title’s fitting, to say the least. After all, this is a man who was quick to identify Bitcoin’s potential, as he started accumulating it ever since he stepped foot in the market five years ago. His company, MicroStrategy, went all in on BTC after the pandemic. Then came the SEC’s approval of Bitcoin ETFs from giants like BlackRock and Donald…

Thumzup doubles Bitcoin holdings to $2m, clears 90% surplus cash for BTC

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Thumzup Media Corporation has doubled its Bitcoin holdings to 19.106 BTC, increasing its investment in digital assets to $2 million.  Thumzup company is authorized to allocate up to 90% of its surplus cash into Bitcoin (BTC). This move aligns with the company’s broader strategy to integrate cryptocurrency into its financial operations, according to a release shared with crypto.news.  Management’s Bitcoin strategy includes compensating gig economy workers in Bitcoin through its Associate Salesperson Program. Thumzup views this initiative as an opportunity to leverage blockchain technology and artificial intelligence to enhance digital…

Arkansas Senate Rejects Bill Restricting Bitcoin Mining Near Military Sites

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The Arkansas Senate has rejected Senate Bill 60, which sought to prohibit digital asset mining businesses from operating within 30 miles of military facilities. Arkansas Legislature Rejects Digital Asset Mining Restriction The bill, introduced by Senator Hill and Representative Evans, aimed to amend the Arkansas Data Centers Act of 2023. It proposed restrictions on bitcoin […] Original

Cardano Consolidates Within A Symmetrical Triangle – Expert Sees A 40% Move Once It Breaks

Este artículo también está disponible en español. Cardano (ADA) has been trading below the $1 mark for the past few days, fueling uncertainty and speculation among investors. As the broader market experiences shifting sentiment, ADA remains in a tight consolidation phase, leaving traders eager for its next move. Related Reading However, market conditions have improved, and bullish sentiment is returning as Bitcoin flirts with a potential rally. With BTC leading the way, analysts believe altcoins like ADA could soon follow, setting the stage for a major breakout. Top crypto analyst…

First-Ever Bitcoin Mining ETF Is Live – Will Meme Coins Like Best Wallet Soar?

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Grayscale, a popular crypto asset manager, launched a new ETF that offers exposure to Bitcoin mining, known as Grayscale Bitcoin Miners ETF (MNRS). This is the world’s first such ETF. It offers an alternative to investors who are looking for alternatives to direct investments in BTC. This ETF will invest in companies from the Indxx Bitcoin Miners Index. This index tracks the performance of companies that earn a major chunk of their revenue from Bitcoin mining activities. However, MNRS will make no investments through derivatives. Grayscale said that Bitcoin Miners…

XRP $10 Price Tag Hinges On SEC Lawsuit Conclusion, Analyst Says

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Ripple versus the US Securities and Exchange Commission is one of the longest-running battles in the crypto space. The situation has brought a lot of uncertainty for XRP holders and investors. But the end of this lawsuit is very close, and experts are expecting a big swing in the price movement of XRP. Just how high can the altcoin go once the legal battle is officially over? Legal Resolution May Catalyze XRP Surge The general consensus in the crypto community is that once Ripple’s battle with the SEC is done,…