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3 Things That Could Further Influence Crypto Markets in The Week Ahead

Digital assets went on a highly volatile ride on Monday morning, with BTC dumping from $106,000 to under $100,000 only to bounce off and register a new all-time high hours later at over $109,000. All eyes will be on Donald Trump’s inauguration on Jan. 20 while traditional markets in the United States remain closed for Martin Luther King Jr. Day. Better-than-expected Core CPI data eased inflation fears last week, and investors were encouraged, which was reflected in market performance; however, that all appears to be unraveling as we begin another week. Nevertheless, the crypto market has managed to recover from recent losses and is up to new peaks . Economic Events Jan. 20 to 24 President-elect Donald Trump will be sworn into office on Monday, but markets may have already factored this in. However, the signing of executive orders may come quickly, inducing further market volatility. Over the weekend, Trump launched his own memecoin (TRUMP), which surged to over $70 billion in fully diluted valuation in a matter of hours before dumping 50% in a massive market crash. It will be a light week in terms of economic data, beginning with initial jobless claims reports released on Thursday. This will be followed by January’s S&P Global Manufacturing PMI and Services PMI preliminary readings on Friday. The purchasing manager’s index data is a leading economic indicator used to gain insight into changing conditions in the wider economy. On Friday, existing home sales data, January’s Michigan Consumer Sentiment Index, and inflation expectations will also be released. The latter reports portray the results of a monthly survey of consumer confidence levels and views of long-term inflation, which impacts spending. Key Events This Week: 1. MLK Day, US Markets Closed – Monday 2. Inauguration of President Trump – Monday 3. Initial Jobless Claims data – Thursday 4. S&P Global Manufacturing/Services PMI data – Friday 5. December Existing Home Sales data – Friday 6. ~10% of S&P 500… — The Kobeissi Letter (@KobeissiLetter) January 19, 2025 Additionally, Thursday’s European Central Bank meeting may provide signals about potential rate cuts in 2025, which could influence global markets. There are also some notable earnings reports released this week including Netflix, Charles Schwab, and American Express. Crypto Markets Going Crazy Crypto markets started the week in the red as over $200 billion left the space, dumping total capitalization by over 6% to $3.58 trillion. Bitcoin fell hard, losing a similar percentage in a fall back into five figures again, dropping to $99,700. However, it all changed in the following hours as the cryptocurrency resumed its bull run and shot up to a fresh all-time high of over $109,000. The altcoins also faced enhanced volatility but have started to chart impressive gains over the past hour or so. The post 3 Things That Could Further Influence Crypto Markets in The Week Ahead appeared first on CryptoPotato . Decrypt

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Last Chance to Turn $1000 to $30,000 This Cycle? Expert Names 3 Altcoins With Best Upside

The post Last Chance to Turn $1000 to $30,000 This Cycle? Expert Names 3 Altcoins With Best Upside appeared first on Coinpedia Fintech News The cryptocurrency market is buzzing with opportunities, and experts are spotlighting three altcoins HBAR, XRP, and the rising star DTX Exchange (DTX), as top contenders to turn a $1,000 investment into a potential $30,000 windfall. With Hedera’s explosive growth, Ripple’s promising legal wins, and DTX’s innovative hybrid trading platform, these altcoins are all set to be the next altcoin leaders. HBAR Rockets 35.7%: The Next Big Breakout Is Near Hedera’s native token HBAR has had over 35.7% price increase in the last week, reaching $0.3988. The new gain brings the token close to hitting its previous all-time high of $0.4323, which was set in 2021. The price rise comes as Coinbase Prime, the leading cryptocurrency exchange’s institutional arm, announces the addition of HBAR custody services to its platform. This connection creates new opportunities for institutional investors looking for safe storage solutions for their Hedera assets. The trading volume for HBAR has increased significantly, more than tripling in the last 24 hours to $2.3 billion. This increase in activity implies that the market is becoming more interested in and involved with Hedera’s ecosystem. The token’s market capitalization has also risen to $14.14 billion, cementing its status as the 16th largest cryptocurrency by market value. XRP Price Prediction: $4 In Sight Amid Investor Optimism Ripple’s XRP has recently shown signs of bullish momentum. Recent developments, such as Ripple’s recent court victory and the rising probability of an XRP ETF, have increased the altcoin’s price. Ripple has performed well in the previous week, rising a massive 42% and now trading at $3.24, according to CoinMarketCap data. There is confidence among traders, which raises the likelihood of a Ripple surge in the near term. Analysts have also seen a pattern in which large-scale investors are buying more XRP in hopes that its value will climb. Industry insiders believe Ripple will rise shortly, with experts predicting an XRP price of $4. In a Jan 16 X post, Santiment also mentioned that there has been an increase in XRP transactions pricing more than $100,000, highlighting spiking interest in Ripple (XRP). DTX Presale Hits $11.8M: The Market’s New Favorite One unexpected name that this analyst included in his list was DTX Exchange (DTX) . Despite being a newcomer to the crypto market, this project has solidified its space like it has been here for ages. DTX Exchange is an upcoming exchange platform that is bridging the gap between centralized and decentralized finance, solving traders’ everyday problems through its hybrid approach. Its innovative features, such as its unparalleled leverage of over 1000X and its wide range of over 120k trading products, including stocks, FX, and cryptocurrency, have drawn traders. Users can profit from the unmatched possibility of earning large returns. Traders may also benefit from the platform’s improved trading efficiency, which is made possible through distributed liquidity pools that decrease slippage and ensure each trade is executed at the best pricing possible. Furthermore, DTX Exchange provides better security by giving users authority over digital assets and private keys. The DTX token stands out as a promising investment prospect since holders will receive governance rights, loyalty perks, and access to premium features. With a strong buzz surrounding the project, the presale has raised more than $11.8 million in less than seven rounds. As excitement builds up, investors are jumping to this new project, which offers better returns than most of the coins out there. Now is the ideal time to buy the DTX token at the low price of 0.14 before it gets listed officially and its price rises to the forecasted price of $0.2. To know more about the DTX Exchange ecosystem, Check out: Visit Website Buy Presale Join Community Decrypt