5 hours ago
Bitcoin’s price movements worsened in the past 24 hours as the asset lost the $105,000 level and dropped by about three grand. The altcoins have also turned red on a daily scale, with ETH sliding to $2,300, DOGE dropping to $0.35, and ADA losing the $1 level. BTC Slips The weekend went quite favorably for the primary cryptocurrency, as its price remained above $100,000 during the TRUMP-token wild ride. The landscape was quite different on Monday, at least during the morning Asian trading session. BTC headed south as the day started and dumped from $106,000 to just under $100,000. After this massive price decline, though, came the bounce-off, which propelled the cryptocurrency to over $109,000 for the first time ever. Following the latest all-time high, bitcoin started to lose value , which culminated during the Trump inauguration speech. As he failed to mention crypto or bitcoin even once, BTC slumped by several grand once again. Nevertheless, it recovered some ground on Wednesday and stood at around $105,000. The past 24 hours have been painful again, as BTC now sits at around $102,000. Its market cap has taken a hit, but it is still above $2 trillion, while the dominance over the alts is north of 55% on CG. BTCUSD. Source: TradingView Alts in Red Most alternative coins have headed south in the past 24 hours. Ethereum is close to breaking below $3,200 after a 2.6% daily decline. A similar decrease has pushed SOL to well below $250, while DOGE and ADA have dropped by more than 3%. Chainlink has lost the most value from the larger-cap alts, dropping by 6% to under $25. Next in line in this adverse ranking are AVAX, SUI, and XLM, as well as PEPE, AAVE, VET, and CRO from the mid-cap alts. The cumulative market capitalization of all cryptocurrency assets has seen just over $100 billion since yesterday and is down to $3.660 trillion on CG. Cryptocurrency Market Overview. Source: QuantifyCrypto The post These Altcoins Bleed Out as Bitcoin (BTC) Slips Toward $102K (Market Watch) appeared first on CryptoPotato .
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Market Analysis Report (23 Jan 2025)
Ethereum Taps Wall Street Veteran to Bolster Institutional Adoption | CME Denies Incoming Launch of XRP and SOL Futures Contracts | BlackRock CEO Suggests Bitcoin Could Reach $700,000 Based on Significant Portfolio Allocations Crypto Potato
Former Ripple Executive Gives Date for End of SEC Case, Explains What Will Happen! – Analyst Makes Incredible XRP Price Prediction!
While the Ripple SEC case is expected to have a positive outcome with Donald Trump and the new SEC administration, former Ripple executive Sean McBride claimed that the XRP case could be resolved very soon. Sean McBride, who shared his views on the X account, stated that the case could be dismissed or resolved within a week when asked whether the SEC would reach an agreement with Ripple soon. McBride said there are details to consider in both the settlement and dismissal options, and argued that due to the comprehensive nature of the case and confidentiality, settlement is the most likely solution. At this point, the former executive pointed out that Ripple and its executives Brad Garlinghouse and Chris Larsen are entitled to compensation, and therefore an agreement would provide a more detailed solution than dismissing the case in terms of compensation and other aspects. McBride noted that Ripple could file a lawsuit against the SEC for damages if the case is dismissed. He predicted that the SEC would settle with Ripple, and that the settlement would likely be done through private negotiations or back channels, including promises from the new administration. Marc Fagel, a former SEC attorney, reacted to McBride`s statement, stating that he disagreed with McBride`s views. Fagel noted that the counterclaim for damages would not be successful, especially since the district court ruled that Ripple violated the law. He noted that SEC settlements are always made public, so any “back channel” resolution is unlikely. Fagel added that the case is not expected to be resolved within a week. Within the week the case SHOULD either be dismissed or settled. I know there are nuances involved with each option, which is why I think it will be settled vs. dismissed. IMO, Ripple, Brad, and Chris are all owed compensation. There should also be some confidentiality with… — Sean McBride (@seanmcbride16) January 23, 2025 $15 Target Has Arrived for XRP! As speculations continue regarding the possible outcomes of the Ripple-SEC lawsuit, prominent analyst Ali Martinez has predicted that the XRP price could rise to $15. Stating that the XRP price is moving within a narrowing triangle, the analyst said that after a possible upward break, the XRP price could rise to $15. However, the analyst noted that his forecast was not based on the outcome of the Ripple SEC lawsuit, but on the CME announcement, which is another positive development. As is known, CME made a change on its website yesterday, implying that Solana (SOL) and XRP Futures trading will begin. According to the change, February 10 appears as the start date. *This is not investment advice. Continue Reading: Former Ripple Executive Gives Date for End of SEC Case, Explains What Will Happen! – Analyst Makes Incredible XRP Price Prediction! Crypto Potato
