Bitcoin short-term holders are now selling at a loss, as indicated by the Spent Output Profit Ratio (SOPR) dipping below 1. This trend suggests a shift from profit-taking to loss realization among investors who bought within the last 155 days, coinciding with a recent 3% price drop to $91,600. Historically, such capitulation events have often marked market tops, indicating potential further declines before a bullish reversal occurs.
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Generated 1,643 posts last weekBitcoin Investors Show Confidence Amid Price Decline and Market Shifts
Despite a 6.25% drop in Bitcoin’s price in mid-January, fresh addresses are accumulating Bitcoin, while mid-term and veteran holders are increasing their stakes. New buyers face immediate pressure, but seasoned investors show confidence, with many dramatically boosting their holdings, indicating a strong foundation for potential future price movements.
read moreEthereum Shows Strong Upward Momentum with Key Trading Opportunities
Ethereum ($ETH) is experiencing strong upward momentum after a corrective dip, bouncing off the $2,920 support. Traders are advised to enter between $3,100 and $3,120, with targets set at $3,180 and $3,250, while maintaining a stop loss at $2,920. Short-term traders should secure partial profits at the first target and adjust stop-loss orders accordingly, while long-term holders should monitor for a breakout above $3,250 to sustain bullish momentum.
read moreCourt Orders SEC to Clarify Cryptocurrency Regulations Following Coinbase Petition
The US Court of Appeals for the Third Circuit has ordered the SEC to clarify its denial of Coinbase’s petition regarding cryptocurrency regulations, deeming the SEC’s previous response as arbitrary and insufficiently reasoned. While this ruling is seen as a significant win for the crypto industry, the court did not compel the SEC to initiate new rulemaking at this time. Additionally, reports indicate that the Trump transition team is collaborating with crypto leaders on legislative strategies to address issues affecting the industry.
read moreBig Boss Inu Emerges as Promising Investment with 10000 Percent Growth Potential
BIG BOSS INU is emerging as a top investment opportunity in the cryptocurrency market, with a presale that sold $100,000 worth of tokens in under 5 minutes. Its deflationary tokenomics and anti-dump mechanisms aim to address the challenges faced by Ethereum and Ripple investors, projecting a potential 10,000% growth by 2025. With a growing community and plans for major exchange listings, BIG BOSS INU offers a secure and scalable alternative, free from legal uncertainties and high transaction costs.
read moreBitcoin Adoption Surpasses Internet and Mobile Phones According to BlackRock Report
Bitcoin adoption is rapidly surpassing that of the internet and mobile phones, driven by demographic trends, economic shifts, and advancements in digital asset infrastructure. Younger generations are leading this trend, favoring Bitcoin as a decentralized asset amid rising inflation and geopolitical tensions.BlackRock’s spot Bitcoin ETF, IBIT, has gained significant traction, with nearly $38 billion in inflows, making it the largest of its kind. The firm recently launched a Canadian dollar-denominated version, further promoting Bitcoin exposure as direct investment remains complex for many.
read moreTrump to Issue First Crypto Executive Order on Inauguration Day
President-elect Donald Trump is set to issue a crypto-related executive order on his first day in office, establishing a presidential crypto council and directing the SEC to reconsider the SAB 121 rule that limits banks’ crypto holdings. This initial order is expected to be the first of many, with further reforms aimed at enhancing the regulatory framework for digital assets, including collaboration between the CFTC and SEC and international coordination on crypto innovation. Trump’s transition team is actively soliciting proposals for additional crypto-related executive orders as his inauguration approaches.
read moreSolana Price Analysis and Market Reactions Following Whale Dump
A crypto whale recently dumped 122,620 SOL tokens worth $21.75 million on Kraken, causing market sentiment to shift as Solana (SOL) fell below its crucial support level of $175. However, SOL has since rebounded, maintaining this support, with potential for a 22% rise to $220 if it holds above $175. Currently trading at $183.3, SOL’s trading volume surged by 240%, indicating increased market participation amid recent price fluctuations.
read moreBo Hines Appointed to Lead US Crypto Council Advocating for DeFi and Free Speech
Bo Hines, a pro-crypto politician and former college football player, was appointed as the executive director of the Presidential Council of Advisers for Digital Assets on December 23, 2024. He advocates for decentralized finance (DeFi) as a means to enhance individual financial independence and opposes overregulation and central bank digital currencies (CBDCs), viewing them as threats to financial sovereignty. Hines emphasizes the importance of free speech and the organic growth of the crypto sector, expressing concerns about regulatory overreach.
read moreEthereum Poised for Major Rally After Potential Dip According to Analyst
A prominent crypto analyst predicts that Ethereum (ETH) is poised for a significant rally later this year, but advises patience as it may dip to a buying range of $2,500-$2,800 before surging. Currently trading at $3,255, ETH is nearing the analyst’s downside target of $3,000. Meanwhile, the dog-themed memecoin dogwifhat (WIF) is expected to fall below $1, currently priced at $1.50.
read moreJPMorgan Predicts Significant Inflows for Solana and XRP ETPs
JPMorgan estimates that exchange-traded products (ETPs) for Solana and XRP could attract over $15 billion in net inflows, with potential inflows of $3-6 billion for Solana and $4-8 billion for XRP. Currently, Solana ETPs hold nearly $1.6 billion in assets, while XRP products have $910 million. However, the approval of ETFs for these assets in the US remains unlikely, with the SEC recently rejecting Solana ETFs and XRP still facing regulatory scrutiny. For more information, visit [Bloomberg](https://www.bloomberg.com).
read moreXRP Price Surge Potential as Resistance Levels Are Cleared
XRP has shown bullish momentum, breaking key resistance levels and reaching a high of $2.60. Analysts predict a potential rally to $4.00 and beyond, supported by a bullish breakout from a pennant pattern and a favorable market structure. A daily close above $2.60 could accelerate its ascent, with targets set at $3.50 and higher.
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