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After a flash crash to $89,256 earlier this month, Bitcoin (BTC) made a swift recovery, reaching a new all-time high (ATH) of $108,786 on January 20. However, according to a crypto analyst, further upside could be limited until the Federal Open Market Committee (FOMC) meeting later this month. Bitcoin To Remain Range-Bound Until FOMC Meeting The world’s largest cryptocurrency has been on a bullish trajectory since November, fueled by Donald Trump’s victory in the US presidential election. Over the past three months, BTC has surged from approximately $67,000 to $104,536 at the time of writing, posting gains of over 50%. Related Reading: Bitcoin Price Forecast Of $150,000 ‘Too Low’ Amid Rising Adoption, Crypto Trader Says However, crypto analyst Krillin predicts that BTC may continue to “chop” in the $100,000 to $110,000 range until the FOMC meeting. The analyst suggests that unless the Bank of Japan takes extraordinary policy measures, BTC is unlikely to break out of this range before the end of the month. At present, the CME FedWatch tool indicates a 99.5% probability that the US Federal Reserve (Fed) will not cut interest rates at the upcoming meeting. Krillin expects a market dump to follow the anticipated hawkish meeting, which may be partially offset by a dovish-sounding press conference hinting at future quantitative easing (QE). For the uninitiated, QE is a monetary policy where central banks inject money into the economy by purchasing government bonds and other financial assets to lower interest rates and stimulate economic activity. This increased money supply can weaken fiat currencies, potentially driving investors toward assets like BTC, boosting its price as a hedge against inflation and currency devaluation. Krillin’s prediction aligns with a recent market observation which states that BTC profit-taking has declined by 93% from its December peak, and that the long-term holders are back in accumulation mode, preparing for the next leg up. However, how long the current consolidation phase may last is anyone’s guess. Meanwhile, crypto analyst Ali Martinez notes a sharp decline in capital inflows into the digital assets market, from $134 billion on December 10 to $43.37 billion. This low liquidity could result in sharp price swings, increasing the risk of liquidations for leverage traders. Will BTC Peak In Q2 2025? As BTC awaits the FOMC meeting to determine its next price trend, some analysts remain optimistic that the cryptocurrency could hit its market cycle peak in Q2 2025 as more institutions embrace the asset under favourable regulations. Related Reading: Bitcoin May Target $145,000 To $249,000 Under Trump Administration: Report For example, crypto analyst Dave The Wave recently predicted that BTC will likely peak in the summer of 2025. A report by Bitfinex supports this outlook, forecasting that Bitcoin could surge to $200,000 by mid-2025, albeit with minor corrections along the way. That said, Bitcoin must defend the $100,000 price level, as failure to do so could see the asset drop to as low as $97,500. At press time, BTC trades at $104,536, up 1.4% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
XRP Rally To $15 Possible Amid Excitement Over CME Futures Debut
The price of Ripple’s XRP momentarily pumped after a test page erroneously appeared on the Chicago Mercantile Exchange (CME) website, showing that the token’s regulated futures could commence trading in February, pending regulatory approval. Could the potential XRP futures launch kickoff a meteoric XRP surge to $15? Is CME Listing XRP Futures Contracts Soon? The Chicago Mercantile Exchange (CME) stirred excitement in the crypto community earlier on Wednesday after the Chicago-based futures giant posted the futures page for Ripple’s XRP and Solana (SOL) to its staging subdomain. The price of both cryptocurrencies spiked following the leaked CME futures addition, which suggested that those investment vehicles would be listed on Feb. 10. Bloomberg ETF analyst James Seyffart corroborated the page’s existence. https://twitter.com/JSeyff/status/1882154205202567623 However, CME later clarified that the beta page was mistakenly made public, and that no official decisions regarding futures contracts based on both tokens had been made. “The beta version of the website, which is often used for mock-up drafts, was made public in error,” a spokesperson of the company told FOX Business . “No official decisions have yet been made about launching futures contracts for either token.” Crypto Investment Products Surge Amid Shifting Regulatory Winds Despite CME’s denial, investors are still hopeful that the XRP futures contracts will be eventually launched. Applications for crypto exchange-traded funds (ETFs) and futures products have increased following the reelection of President Donald Trump and the departure of crypto nemesis Gary Gensler from the SEC. Asset managers have already submitted a slew of regulatory filings to list ETFs holdings altcoins, including XRP. This has led to heightened anticipation that an ETF that offers investors direct exposure to XRP could be approved soon following the approval of Bitcoin and Ethereum ETFs last year. Trump, who has vowed to transform the U.S. into the “world’s crypto capital,” has tapped pro-crypto commissioner Mark Uyeda to serve as interim SEC Chair until Paul Atkins assumes the role under the new Trump administration. Regulatory hurdles must be cleared for XRP ETFs and futures products to be greenlighted. Pundits suggest that crypto advocate Atkins could facilitate this change. Earlier this month, a team of researchers at JP Morgan said that if approved, XRP ETFs could attract an eye-popping $8 billion worth of fresh cash from investors. XRP Headed For $15? Several crypto strategists have suggested that XRP could hit the $15 mark this year, citing the third-largest crypto’s adoption and bullish chart technicals, institutional demand, and a crypto-friendly Trump regime as the tailwinds. Popular analyst Mickybull Crypto, for instance, has previously shared a chart showing XRP trading closer to the upper boundary of a bull flag with an upside target of $15. As of press time, XRP was changing hands at $3.11, according to CoinGecko data. The remittance token is down 2.3% on the day and roughly 8.2% this week. NewsBTC
Bitcoin Set to Surge: Key Metrics Signal Strong Potential
Bitcoin shows strong potential for upward movement in 2025. Key metrics indicate a bullish trend supported by miner performance and market sentiment. Continue Reading: Bitcoin Set to Surge: Key Metrics Signal Strong Potential The post Bitcoin Set to Surge: Key Metrics Signal Strong Potential appeared first on COINTURK NEWS . NewsBTC
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