Month: January 2025

Is The Risk of a Drop Growing?

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Bitcoin price is consolidating losses below the $95,500 zone. BTC is showing bearish signs and might struggle to recover above the $95,800 level. Bitcoin started a recovery wave from the $91,150 zone. The price is trading below $94,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $93,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $92,500 support zone. Bitcoin Price Struggles Below $95K…

XRP meme coin PHNIX pumps 50%; UFD shows a similar pump

As the overall crypto market struggles to reclaim a bullish stance, XRP meme coin PHNIX has pumped over 50%. In the last 24 hours, while Bitcoin (BTC) and Ethereum (ETH) have shown clear signs of struggle to reclaim a bullish stance, a few lesser-known coins have pumped double digits. One of the top gainers, as per CoinGecko’s list, is Phoenix (PHNIX). PHNIX is an XRP (XRP) meme coin that has pumped from a 24-hour range of $0.00004662 to as high as $0.0000698. PHNIX 24H price chart | Source: CoinGecko Crypto…

Rejection At $100k Increases Likelihood Of A Breakdown

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Este artículo también está disponible en español. Bitcoin has been faced with a challenging start to 2025 with a rejection at the $100,000 mark. Notably, Bitcoin has been unable to hold substantially above the $100,000 price level since it first broke through in early December, and multiple breakouts have been followed by rejections. The most recent rejection came last week when the price peaked at $102,000 on Monday, only to reverse sharply and fall to $92,000 by Thursday. Related Reading This continued tug-of-war has brought the bearish case for BTC…

Bitcoin To $350,000? Top Crypto Influencer Makes Bold Prediction

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Este artículo también está disponible en español. Jeremie Davinci, a prominent player in the cryptocurrency domain, has garnered attention with his audacious forecast that Bitcoin may attain an extraordinary value of $350,000. This forecast, lately disseminated on social media, is predicated on historical trends and the present dynamics of Bitcoin mining expenses. Related Reading The current expense for miners to generate one Bitcoin is approximately $70,000. Davinci indicates that historically, under positive market conditions, Bitcoin has frequently surpassed its mining cost by a ratio of five. This association indicates that,…

Ethereum Meets Artificial Intelligence With Lightchain AI

PRESS RELEASE. The blockchain world is gaining a revolutionary new player, and it’s set to transform the way we view both Ethereum and artificial intelligence. Meet Lightchain AI, a groundbreaking project that blends Ethereum’s powerful decentralized ecosystem with cutting-edge AI technology. Launching near the end of January, Lightchain AI is paving the way for a […] Source CryptoX Portal

Micheal Saylor hints at another Bitcoin purchase as holdings reach 447,470 BTC

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Michael Saylor, executive and former MicroStrategy CEO, hinted at another Bitcoin purchase via a cryptic tweet. Saylor posted a screenshot referencing the “next green dot” on the Saylortracker chart, where each dot represents a Bitcoin (BTC) acquisition. The suggestion comes as MicroStrategy’s Bitcoin holdings reach 447,470 BTC, currently valued at $42.24 billion. The company’s most recent purchase happened on January 6, 2025. This was when the company added 1,070 BTC at an average price of $94,004 for $101 million. This latest acquisition continues MicroStrategy’s aggressive accumulation strategy, which yielded great…

How Funds Have Fared So Far

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Este artículo también está disponible en español. The introduction of Spot Bitcoin exchange-traded funds (ETFs) in the United States marked a historic milestone for the cryptocurrency market. These Spot Bitcoin ETFs, which first went live in the US on January 11, 2024, have had massive success in just one year, making them the greatest ETF launch in history. Related Reading As it stands, US-based Spot Bitcoin ETFs have now become one of the major drivers of Bitcoin’s price growth and played a huge role in Bitcoin’s break above $100,000. Furthermore,…