Bitcoin is rising in the new year, propelling Solana and XRP to major gains as Dogecoin climbs—and Fartcoin blasts off again.
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Short-Term Bitcoin Holders See 10% Profit – Potential Impact On Price?
The Bitcoin market experienced a modest recovery over the past week following the 15.7% correction in the latter half of December 2024. Amidst this recent price gain, developments from the short-term holders (STH) activity have revealed significant indications for Bitcoin in the coming days. Related Reading: Bitcoin Coinbase Premium Sinks To Lowest Since FTX Crash: Bottom In? Bitcoin STH MVRV At 1.1 With More Room To Run According to a recent X post, blockchain analytics firm Glassnode shared a data report on the Bitcoin short-term holders’ MVRV ratio in relation to market price. In crypto, the market value to realized value ratio (MVRV) is a critical analysis tool used to gauge whether an asset is overvalued or undervalued. It is also used to track the holders’ profitability with values above 1 indicating profit and below 1 meaning a loss. Based on Glassnode’s report, the Bitcoin STH MVRV ratio currently stands at 1.1 suggesting that short-term holders i.e. investors who acquired Bitcoin within the past 155 days, are on average, experiencing a 10% profit. Considering BTC’s price fall in recent weeks, there might be increased selling pressure as these holders move to realize their gains, leading to short-term price resistance. However, data from Glassnode indicates that the Bitcoin MVRV STH ratio previously reached peaks of 1.35 in November 2024, and 1.44 in March 2024. These MVRV values suggest that short-term holders may tolerate higher profitability levels before triggering a widespread sell-off. If Bitcoin bulls maintain the current price recovery with rising demand, the STH MVRV ratio could rise closer to these historical peak levels, which could signal a confirmation of Bitcoin resuming its market uptrend. Related Reading: On The Horizon: Bitcoin $140,000 Projection And SOL, XRP ETFs Approval In 2025 Crypto Forecast BTC Must Avoid Fall Below $87,000 – Here’s Why In relation to the Bitcoin STH MVRV ratio, it is understood that 1.0, which indicates no profit or loss, is a pivotal value acting as a support during bullish trends or resistance in a market downtrend. Glassnode report reveals that the current STH MVRV ratio shows that 1.0 corresponds with the $87,000 price zone. According to data from the Cumulative Bid-Ask Delta, there is an air pocket between $87,000 and $71,000 i.e. there is low trading activity or fewer significant buy orders in this price range. Therefore, if the price of BTC slips below $87,000, it will hit no significant support until $71,000 translating into a major price decline. At the time of writing, the premier cryptocurrency continues to trade at $98,081 reflecting a 1.02% gain in the past day. With a market cap of $1.94 trillion, Bitcoin continues to rank as the largest asset in the crypto market. Featured image from BBC, chart from Tradingview Decrypt
Ripple CEO Reveals 2025 Crypto Vision and What Lies Ahead
The beginning of 2025 has brought hope to the crypto world. Investors and market participants are preparing for the biggest period of growth and innovation yet. This excitement is fueled by changes in leadership and possibly a favorable regulatory framework on the horizon. This expected new shift in the U.S. has sparked fresh interest among crypto community members. Ripple CEO’s Vision for the Crypto In 2025 In a recent X post, Ripple CEO Brad Garlinghouse captured the moment, saying, “The journey is just beginning.” His post comes as the crypto industry celebrates major wins. Garlinghouse’s optimism reflects an industry eager for change, especially with the expected exit of the U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. Today, here in the US, we welcomed the 119th Congress—better known as the most pro-crypto Congress in history. The journey is just beginning, but you can’t deny the energy & excitement already building across the industry. Let’s get to work. — Brad Garlinghouse (@bgarlinghouse) January 3, 2025 Also, the arrival of expert leaders in Artificial Intelligence (AI) and crypto sectors is fueling the excitement. These shifts suggest a more favorable regulatory environment that could bring the clarity the crypto world seeks. Ripple’s ongoing legal battle with the SEC, which focused on whether its native token XRP is a security, has highlighted the need for clear digital asset regulations. Due to a tough regulatory framework, many crypto leaders have accused the agency of stifling innovations and growth. As the case continues, many hope the SEC’s new leadership will resolve the issue in a way that supports innovation. With Gensler’s departure, there is hope for a new approach at the SEC. A favorable outcome for Ripple could set a positive example for future regulation, helping businesses and investors. Ripple’s Chief Legal Officer recently outlined six key guidelines for the SEC , urging clearer regulation of digital assets. These recommendations are part of Ripple’s ongoing effort to address the regulatory uncertainties around crypto. For Ripple, a win would solidify its crypto space leadership and encourage wider XRP adoption. The Pro-Crypto Congress and Market Momentum The arrival of the 119th Congress has been celebrated across the crypto ecosystem. This legislative body, described as the most crypto-friendly in history, represents a pivotal shift. Lawmakers with a deeper understanding of blockchain technology and digital assets will likely support policies encouraging growth and innovation. The impact of this change is already showing in market trends. Bitcoin (BTC), the world’s leading crypto asset, has surged past $98,000, marking a strong start to the year. XRP has also seen a 15% increase since January 1. These price movements highlight the growing confidence in the market as investors expect new rules that could lead to more growth. A Call to Action for the Crypto Community Garlinghouse’s final words in his post, “Let’s get to work,” resonate as a call to action. The crypto industry is on the edge of a new era focused on teamwork, innovation, and opportunity. With a supportive Congress and clearer rules ahead, the stage is set for major progress. The post Ripple CEO Reveals 2025 Crypto Vision and What Lies Ahead appeared first on TheCoinrise.com . Decrypt