Cryptocurrency

Just six days into the month, Bitcoin has already jumped by 6.32%, setting a bullish pace. If this momentum is sustained, chances are the coin might hit a historic high, as last seen in January 2023, when it jumped 39%.The growth of BTC is tied to many factors, including the level of adoption of spot Bitcoin ETF products and the impact of Bitcoin whales. Thus far, both classes of buyers have taken cautious approaches to the coin, as the coin keeps flashing the overbought signal.While firms like MicroStrategy have intentions to keep buying Bitcoin, creating a natural demand amid the limited daily supply, some pessimists remain who believe the coin’s price might slip soon.Meanwhile, this pessimistic view is not reflected in the coin’s current price as it brandishes 5.76% growth week-to-date (WTD).While traders remain unsure about the short-term prospects of the coin, 94.82% of all BTC addresses, or 51.21 million wallets are in profit, making the prospects of a sell-off low. The cautious sentiment might remain as the coin confronts a mild sell wall around the $100,000 price.If Bitcoin records a positive daily close around this range, it might reclaim its $108,000 all-time high (ATH).This article was originally published on U.Today More

Bitcoin rose 1.1% to $99,513.7 by 01:35 ET (06:35 GMT).This price movement is part of a broader crypto trend, with Bitcoin experiencing a 6% appreciation over the past week. In December 2024, Bitcoin reached an all-time high of $108,244.9, driven by increased institutional adoption and expectations of a strategic reserve under the Trump administration.However, prices fell sharply in the last two weeks of 2024 amid profit-taking as the U.S. Federal Reserve’s hawkish rate outlook sparked liquidity concerns.Analysts remain optimistic about Bitcoin’s future performance. H.C. Wainwright projects that Bitcoin could reach $225,000 by the end of 2025, citing historical price cycles, regulatory expectations, and increasing institutional adoption as key factors.However, some caution that Bitcoin’s future value could either rise to over $125,000 or decrease towards $77,000 in the first quarter of 2025, influenced by the actions of President-elect Donald Trump.Elon Musk’s ambitious vision for X, formerly known as Twitter, is set to introduce “X Money.” Scheduled for launch in 2025, X Money aims to integrate digital payments directly into the platform.Last week, Linda Yaccarino, CEO of X, announced that payments will be introduced to the social media platform in 2025 under the banner of “X Money”, alongside a host of other features, urging people to “buckle up” for what’s to come.The confirmation fueled intense speculation that the platform might integrate or support Bitcoin, other cryptocurrencies, or dollar-pegged stablecoins. These stablecoins leverage crypto technology to make transactions faster and more cost-effective. Notably, Elon Musk’s space exploration company, SpaceX, has recently been associated with Tether’s leading USDT stablecoin, adding further intrigue to the potential role of crypto in X Money’s ecosystem.This integration could significantly enhance Bitcoin’s utility and adoption, aligning with Musk’s longstanding advocacy for digital currencies.In the broader cryptocurrency market, Bitcoin’s performance continues to influence other digital assets. World no.2 crypto Ethereum inched 0.8% higher to $3,669.04.World no.3 crypto XRP edged up 0.3% to $2.4130.Solana fell 0.9%, while Polygon gained 0.4%. Cardano inched 0.3% lower. Among meme tokens, Dogecoin lost 1%. More

In a tweet, Saylor wrote, “Thinking Bitcoin.” This is hardly surprising given that Saylor is an ardent Bitcoin advocate, and under his leadership, MicroStrategy has become one of Bitcoin’s major corporate holders. The corporation has no intention of backing down, with plans to raise $2 billion in capital through public offerings of perpetual preferred stock in the first quarter of 2025.According to a press release issued Jan. 3, MicroStrategy wants to raise $2 billion through a perpetual preferred stock offering to buy more Bitcoin, expanding on the company’s “21/21” plan.The offering is separate from MicroStrategy’s current plan to raise $21 billion in equity and $21 billion in fixed-income instruments, which it has mainly implemented in recent months to fund its Bitcoin purchasing binge via senior convertible bonds and debt.As of Dec. 30, MicroStrategy owned 446,400 Bitcoin, valued at $43.9 billion. It purchased 257,250 Bitcoin in 2024 alone — the company’s largest Bitcoin buying year yet.Saylor’s post also coincides with Bitcoin price consolidating around $98,000, anticipating the next major move.At the time of writing, Bitcoin was trading at about $98,000, down slightly to $97,960. Bitcoin is up 4% weekly.Both moving averages have flattened out, and the relative strength index (RSI) is just over the midway, pointing to a possible consolidation in the short term. Bitcoin could fluctuate between $100,000 and $90,000 for some time.If investors push the price beyond $100,000, Bitcoin is expected to retest its all-time high of $108,353. Alternatively, a break and close below $90,000 would pave the way for a drop to the support at $85,000.This article was originally published on U.Today More

This increase was followed by the removal of a substantial amount of meme coins as they got permanently pushed out of the circulating supply. This coincided with a large SHIB price upward movement as it surged by roughly 10% overnight.Thanks to burning that large SHIB amount, the Shiba Inu burn rate metric surged by an impressive 2,133%. Nearly all of the aforementioned SHIB chunk was destroyed in a single transfer, which carried 31,483,015 SHIB to an unspendable blockchain wallet. Two other large transfers moved 1,000,000 and 1,259,569 SHIB to the same destination.During the last days of December, Shytoshi announced the launch of his personal podcast, which will consist of 44 episodes, where he will talk to the community about the tech stuff the SHIB team is building, what has been launched already and what they plan to release soon. Kusama also tweeted that 2025 will be “epic.”SHIB has mirrored the recent price action demonstrated by Bitcoin as the world’s largest cryptocurrency spiked by 3%, rising from $96,000 to the $98,950 level briefly. Currently, BTC is trading at $97,950 after a marginal retrace.This article was originally published on U.Today More

To many in the crypto space, Satoshi’s statement to “get some in case it catches on” has proven to be prophetic. Over the past 16 years, Bitcoin has not only caught on but has also become a cornerstone of the cryptocurrency market.At the time of writing, Bitcoin was trading at $98,208, having reached an all-time high of $108,268 on Dec. 17, 2024. Bitcoin has a current market valuation of $1.93 trillion, having touched $2 trillion last December.This article was originally published on U.Today More

The document says that as part of the earlier announced 21/21 plan to raise $21 billion through “fixed income instruments, including debt, convertible notes and preferred stock” over the coming three years, now MicroStrategy announces the intention to make one or more public underwritten offerings of perpetual preferred stock and raise $2 billion. That stock will be senior to the company’s A class common stock, the press release stresses.The perpetual stock will give its owners options to convert to MSTR class A common stock, to receive payment of dividends in cash, as well as “provisions allowing for redemptions of shares” and so on.MicroStrategy plans to register the aforesaid offering by filing a Form S-3 with the U.S. Securities and Exchange Commission. The details of the offering, such as the number of depositary shares, the final terms of the offering, the price of the offering, have not been decided on yet, according to the document.The press release underscores that MicroStrategy might choose not to proceed or consummate with this offering at all.That was the company’s eighth consecutive Bitcoin purchase recently. As of Dec. 29, Saylor’s company owns a stunning 446,400 Bitcoin valued at $27.9 billion. Besides, MSTR has achieved a BTC yield of 47.8% QTD and 74.1% YTD, according to a tweet published by Michael Saylor Dec. 31.A week before that, the company announced another huge Bitcoin purchase of $509 billion. Recently, though, a big angel investor Jason Calacanis criticized these buys, saying that extensive Bitcoin purchases by MicroStrategy may decrease investor interest in BTC.This article was originally published on U.Today More

Kiyosaki believes that a “giant market crash” has arrived, but he remains bullish on Bitcoin.He stated that when the aforementioned entities print “fake money,” the rich, who own “real assets” only increase their wealth, while those who save fresh-printed “fake money” “get poorer due to inflation and taxes.”For this very reason, Kiyosaki said that he remains “so bullish” but not only on Bitcoin, but also on gold and silver — he considers all of them to be safe-haven assets to rely on during difficult times for markets and the economy. “Save Bitcoin,” he tweeted.Kiyosaki first began to cite the reason the U.S. government printed U.S. dollars for huge Bitcoin growth in the future back in 2020, when the pandemic struck the world. The U.S., along with other large countries, began supporting households and businesses by issuing financial assistance. Households received “survival checks” of $1,200.In a tweet this week, already in 2025, the financial expert slightly adjusted his prediction, sharing that he expects Bitcoin to soar to a minimum of $175,000 and may after that extend the surge to the aforementioned $350,000 price level.The “Rich Dad Poor Dad” author is betting on the newly elected U.S. leader who promised that the U.S. will embrace Bitcoin and other cryptocurrencies and will create a strategic Bitcoin reserve, buying BTC over the next four years of his presidency.That prediction came as the Bitcoin community celebrates a 16-year anniversary of mining the Bitcoin Genesis block. The mysterious Satoshi Nakamoto launched Bitcoin by mining the first block Jan. 3, 2009.This article was originally published on U.Today More

Historically, a bearish phase has ended and a more persistent upward trend has begun when this moving average is crossed. Around $0.50, a psychological and technical resistance level, is the next possible price target for XLM.With the momentum and general market optimism, a rally toward $0.60 may be in the cards if the asset is able to overcome this obstacle. With altcoins like XLM gaining ground and Bitcoin holding steady, the market as a whole has shown indications of stabilization.A retracement could also occur if it is unable to hold above the 50 EMA, testing support levels at $0.39 and $0.30.The inability of Bitcoin to maintain a strong hold above this line despite a few recovery attempts raises questions regarding the strength of the bullish momentum. Failure to recover and hold this level has historically resulted in prolonged consolidation or even a decline. Additionally, the trading volume has been rather low, suggesting that the recent price movements might not have the strong support required for a long-term rally.Stronger buying pressure is required for Bitcoin to break through the psychological $100,000 barrier, which is a major resistance area, and validate that its bullish trajectory is still in place. But there are some bright spots for Bitcoin in 2025. Growing institutional interest and the growing acceptance of cryptocurrencies as commonplace financial assets are driving the cautious optimism that permeates the market as a whole.A more ambitious upward trend may be possible if Bitcoin can get past the present resistance and gain traction above the $100,000 threshold. Conversely, Bitcoin may retest lower levels if it is unable to regain important support levels like $95,000 and $92,000, with the 200 EMA close to $76,000 serving as a crucial safety net.This trend may draw traders looking to profit from the momentum in the short term. But the trading volume is still low, indicating that market players are not very convinced. From a technical point of view, SHIB has a difficult journey ahead. The 50 EMA is the next major resistance and has historically served as a barrier during recoveries. Significant buying pressure would be needed to push SHIB above this level in order for it to continue on its upward trajectory.A retracement toward the 200 EMA, which has consistently offered support, at about $0.000021 could occur if this is not done. Given the state of the market as a whole, SHIB’s growth prospects seem limited. The recent price movement of the asset indicates a consolidation pattern as opposed to strong rallies.Further raising doubts about Shiba Inu’s future performance is the company’s dependence on speculative trading as opposed to fundamental catalysts. Unless a major catalyst appears, SHIB might continue to trade in a narrow range in the upcoming weeks. SHIB’s trajectory may be impacted by volume spikes and changes in the larger cryptocurrency market, so investors should keep an eye out for these.This article was originally published on U.Today More