The recent unlock of Chainlink (LINK) token has sparked fear among investors, while the unlocking of Mt Gox has put pressure on BTC. Additionally, DTX Exchange has experienced a surge in demand.
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January 14, 2025 | 02:46Cryptocurrency Market Analysis
24 in Finance and 14,102 in Crypto last weekBest-Selling Author Robert Kiyosaki Plans to Accumulate More Bitcoin Amid Dip
Renowned author Robert Kiyosaki plans to buy more Bitcoin as its price drops, advocating a “buy and hold” strategy. He believes in Bitcoin’s future value and advises people to invest what they can afford. Despite market fluctuations, Kiyosaki remains confident in the cryptocurrency’s long-term potential.
read moreBitcoin Rebounds Above $62,000 After Recent Dip, Analysts Predict Further Upside
Bitcoin experienced a sharp decline to a six-week low before bouncing back above $62,000, with analysts predicting further upward movement. Despite initial market spook, key metrics like the RSI and the Crypto Fear and Greed Index suggest potential buying opportunities and continued investor interest. Renowned figures like Robert Kiyosaki and Michael Dell have expressed support for Bitcoin, contributing to its positive outlook.
read moreNavigating the Volatile Cryptocurrency Market: Key Assets to Monitor
The cryptocurrency market experienced a significant drop in total market capitalization, causing concern among investors. Bitcoin and Ethereum are facing downward pressure, with technical indicators suggesting potential further declines. While some see opportunities in the volatility, caution is advised as the market remains uncertain.
read moreBitcoin Analyst Predicts Continued Stability and Potential Long Bull Run
A prominent crypto analyst predicts that Bitcoin is likely to maintain its current price levels, citing historical patterns and the potential formation of a downward channel pattern. The analyst also suggests that Bitcoin’s current cycle may lead to a more typical, longer bull run, as the rate of acceleration has slowed. At the time of writing, Bitcoin is trading at $61,898, showing a nearly 4% increase in the last 24 hours.
read moreAltcoin Trends: MAGA and RCOF Thrive, NOT and WIF Decline
MAGA and RCO Finance are gaining momentum with rising trading volumes, while Notcoin and WIF are experiencing significant losses. MAGA’s price surged by 1,300% before correcting, and RCO Finance offers AI-powered insights and a lucrative presale opportunity. Notcoin is under bearish influence due to rising phishing attacks, and WIF has descended on the ranking list with a 45% dip. RCOF’s presale is proclaimed to offer 30X gains, making it an appealing option in the current market.
read moreRipple’s Controlled XRP Supply Raises Scarcity Concerns Among Whales and Traders
XRP faces scarcity concerns as whale accumulation and Ripple’s escrow system limit supply, with almost half of the current XRP controlled by top addresses. The controlled supply paradigm and high demand have led to an unnaturally small circulating supply, while the price of XRP has experienced fluctuations in recent days.
read moreBitcoin Price Analysis: June End Crucial for Defending Uptrend
Bitcoin’s price needs to stay above $56,500 by the end of June to maintain its upward trend, with market pressure expected to rise due to multiple upcoming closings. Traders are closely watching the Relative Strength Index for potential signals, as Bitcoin’s overbought conditions and order book liquidity indicate potential volatility ahead.
read moreMetallica’s Social Media Account Hacked for Cryptocurrency Scam Involving Solana Token
Metallica’s X account was hacked to promote a Solana token, with the blame falling on notorious scammer Sahil Arora. The scam involved false claims about a partnership with Ticketmaster and the token’s use for purchasing band merchandise. Arora has been linked to similar incidents involving other celebrities, including Jason Derulo and American rapper “Rich the Kid.” Despite facing suspensions and backlash, Arora continues to promote celebrity meme coin launches through his social media channels and telegram group.
read moreSolana Investors Shift 23% Profits to Alex The Doge Altcoin
Solana (SOL) investors have shifted 23% of their profits to the alternative cryptocurrency, Alex The Doge (ALEX). This move comes as a response to recent performance trends in the crypto market.
read moreBitcoin Price Recovers to Nearly $62,500 After Recent Market Volatility
Bitcoin’s price surged to nearly $62,500 before retracing, following a recent market crash. Altcoins like ETH and BNB also saw minor gains, while PEPE and STX emerged as top performers with a 9% increase. The total crypto market cap rose by 1.1% to $2.4 trillion, amidst ongoing market volatility.
read moreEthereum ETF Fees Set to Compete with Bitcoin ETF Fees
VanEck’s Ethereum ETF will initially have no fees, with a 0.20% fee once it reaches $1.5 billion in assets or by 2025. This fee strategy aims to attract investors and compete with other ETF issuers, potentially influencing BlackRock’s fee decisions. Additionally, the absence of staking opportunities for Ether investors through the ETF raises questions about the appeal of paying fees without the benefit of earning a yield.
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