Bitcoin surged back to $94,000 as Donald Trump prepares to sign pro-crypto executive orders on his first day in office, potentially overturning key regulations like the SEC’s Staff Accounting Bulletin 121. This move aims to address banking restrictions and enhance crypto custody services, which have been hampered by current policies. The crypto market reacted positively, with Ethereum also recovering, signaling optimism for a more crypto-friendly regulatory environment under Trump’s administration.
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Generated 9,834 in Finance and 40,826 in Crypto last weekBitcoin Price Shows Signs of Recovery Amid Resistance Levels
Bitcoin is showing signs of recovery, rising from the $89,200 zone and trading above $94,000, with immediate resistance at $95,200 and key resistance at $95,800. If it surpasses this level, further gains could push the price towards $97,400 and potentially $99,500. However, failure to break above $95,800 may lead to a decline, with major support levels at $94,000 and $93,200.
read moreBinance Coin Trends and Solana Growth Amid BlockDAG Affiliate Program Launch
Binance Coin (BNB) is currently trading within a tight channel, indicating a potential significant price movement, though it struggles to surpass $740. In contrast, Solana is predicted to experience strong growth, possibly exceeding $400, especially with rising consumer interest and the anticipated approval of a U.S.-based Solana ETF. Meanwhile, BlockDAG’s new Affiliate Program is generating excitement among crypto enthusiasts, offering instant USDT rewards and a remarkable $180 million presale that is driving user adoption.
read moreBitcoin Price Analysis and Future Predictions Amid Market Volatility
Bitcoin’s current price of $90,000 is viewed as a favorable entry point for long-term investors, despite warnings of a potential dip to $70,000. Analysts suggest that while short-term volatility may occur, Bitcoin is expected to be one of the best-performing assets this year, with projections reaching $180,000 to $200,000 by the end of 2025. Key upcoming economic data, including inflation reports, could influence market movements.
read moreEthereum Expected to Reach Twelve Thousand Dollars Due to Trump Influence
Ethereum is projected to surge to $12,000, driven by the anticipated influence of Donald Trump on the cryptocurrency market. Analysts believe that his involvement could significantly enhance Ethereum’s profile and attract more investors.
read moreBitcoin Short-Term Holders Experience Losses Amid Market Downturn
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 $91,600. Historically, such capitulation events have often marked market tops, indicating potential further declines before a bullish reversal occurs.
read moreBitcoin Investors Show Confidence Amid Price Decline and Market Shifts
Despite a 6.25% drop in Bitcoin’s price in mid-January, fresh addresses are accumulating Bitcoin, while mid-term and veteran holders are increasing their stakes. New buyers face immediate pressure, but seasoned investors show confidence, with many dramatically boosting their holdings, indicating a strong foundation for potential future price movements.
read moreEthereum Shows Strong Upward Momentum with Key Trading Opportunities
Ethereum ($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 moreBitcoin Price Analysis: Testing Support at 91000 Range Low
Bitcoin has dropped to the Range Low of $91,000, briefly rebounding before falling back. A daily close below this level could turn it into resistance, potentially pushing the price into the $87,000-$91,000 range. However, there is still time for Bitcoin to maintain $91,000 as support.
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 moreStocks Near Pre Trump Election Levels Amid Rising Rate Concerns
Stocks are nearing the point of erasing the gains made after Trump’s election, with the S&P 500 dipping below its pre-election level amid rising interest rates and inflation concerns. The market’s volatility is increasing as investors react to high valuations and potential tariffs under the new administration. Unlike 2017, the current market faces a more precarious economic outlook, with the S&P 500 having surged over 50% since late 2022.
read moreThe Rise and Impact of the Magnificent Seven in the Stock Market
The “Magnificent Seven” refers to seven major American tech companies—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—that have significantly driven stock market gains, now comprising over one-third of the S&P 500’s value. Their dominance raises concerns about market concentration and potential risks if their AI investments falter, reminiscent of the dot-com bust, though these companies currently boast strong financials. Investors are optimistic about AI’s future, but historical trends suggest technological advancements may unfold more slowly than expected.
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