Defaults on credit card loans are skyrocketing in the US. Lenders are now witnessing a 14-year high in credit card defaults, reports the Financial Times. The bad credit forced lenders to collectively write off a whopping $46 billion in loans that are considered seriously delinquent in the first nine months of 2024. Based on data compiled from the Federal Deposit Insurance Corporation (FDIC) and the US banking industry information platform BankRegData, the figure represents a 50% year-over-year increase. According to BankRegData, Capital One customers are facing the highest credit card delinquencies, with a total delinquent amount of $7.68 billion, representing 5.36% of their credit card loans. Next is Citibank with $4.79 billion (2.93%) in delinquencies, followed by Synchrony Bank at $4.50 billion (5.02%), JPMorgan Chase at $4.10 billion (2.16%), Discover Bank at $3.9 billion (3.93%) and Bank of America at $2.56 billion (2.54%). The rapid rise in credit card loan defaults is a sign of strained consumer finances after years of high inflation and the subsequent rise in interest rates. Mark Zandi, head of Moody’s Analytics, tells FT that consumer spending power has clearly diminished in most households. “High-income households are fine, but the bottom third of US consumers are tapped out. Their savings rate right now is zero.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post US Lenders Lose $46,000,000,000 As Customers at Capital One, Citi, JPMorgan Chase, Synchrony, Discover, Citi and Bank of America Face Billions in Delinquencies appeared first on The Daily Hodl .
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XRP Price Prediction: Will XRP Smash $5 as JetBolt’s Presale Goes Through the Roof
Speculation is heightening about XRP potentially smashing $5 soon, bolstered by its recent move to flip Tether and grab the third-largest cryptocurrency spot by market capitalization. The bullish sentiment surrounding XRP is tempered by the impending replacement of SEC Chair Gary Gensler by Commissioner Paul Atkins, possibly changing the tides in Ripple’s legal battles. Meanwhile, a newcomer is becoming a hot topic in the blockchain realm: JetBolt (JBOLT). As whales and crypto holders discover about JetBolt’s zero-gas technology and suite of innovative Web3 attributes, they can’t help but stock up on this altcoin, driving JetBolt’s presale to soar past 230 million tokens sold. As JetBolt’s presale goes through the roof, could XRP hit the $5 mark? As we unpack JetBolt’s intriguing features, let’s explore XRP’s ambitious trajectory. XRP: Could XRP smash $5? XRP is back in the spotlight in January 2025 and it’s been constantly in the headlines during the last quarter of 2024, posting a year-to-date gain of more than 300%. In early December, XRP’s price climbed as murmurs circulated about the possible approval of spot XRP ETFs. Then came the RLUSD green light on December 17, which led to a 7% increase in XRP’s price. Post-Christmas, the crypto market-wide slump triggered XRP to experience a decline, along with other cryptocurrencies. But despite the price correction, XRP displayed resilience and has since recovered, rising more than 15% over the past two weeks. More recently, XRP achieved another milestone—its market cap spiked to $138.98 billion on January 3, aggressively surpassing that of Tether to become the third largest-cryptocurrency by market cap. As of writing, XRP is trading at $2.39 and appears to be consolidating before the next major crypto rally takes off. XRP’s Price chart with data from Trading View However, XRP’s recovery efforts are strongly challenged by resistance at the $2.48 level, a significant support and resistance level in XRP’s historical cycles. Analysts suggest that if XRP can breach the $2.48 key resistance point, the coin could attempt to break through the $2.75 to $3 range. Market observers suggest closely watching XRP’s volume dynamics and overall market trends, as the outlook for XRP shifts between optimism and modest caution. The next few days will be crucial in determining XRP’s trajectory, whether it can get back on track to rally again or experience further pullback. XRP’s goal of hitting $5 seems unlikely to happen soon, but may be achieved in the long term under favorable conditions. JetBolt’s Skyrocketing Presale: A showcase of innovation and utility Coming under the spotlight alongside XRP is the young altcoin JetBolt (JBOLT). This presale altcoin has captivated the attention of the crypto community with its futuristic appeal—offering blockchain innovations combined with advanced technology and real-world utility. Unveiling JetBolt’s showcase of innovation and usability is zero-gas technology, a breakthrough feature built on the Skale Network, which removes the burden of paying high gas fees. Apart from enabling no gas-cost daily transactions for regular users, this revolutionary feature unlocks avenues of possible opportunity for developers to build gas cost-saving projects across dApps, and blockchain gaming. Coming next is JetBolt’s crypto content aggregation tool, a next-gen functionality which harnesses artificial intelligence technology to display crypto content and the crypto news categorized according to market sentiments. This feature highlights JetBolt’s futuristic approach, taking note of the tech-savvy market‘s increasing demand for AI-powered Web3 utilities. To accentuate its user-centric edge, JetBolt offers a Web3 wallet designed with ease and simplicity. Integrating WebAuthN protocol and face recognition mechanism, JetBolt removes the often complex and time consuming processes. On top of having a fully functional ecosystem from day one, JetBolt also has enticing presale incentives for early buyers, including discounts and exclusive Alpha Boxes that grant up to 25% more JBOLT tokens for batch buyers. As the presale grows, the presale price also climbs daily. With a growing community drawn to its suite of game-changing features that provide tangible blockchain use, JetBolt’s momentum could further intensify in the coming days, making it one intriguing altcoin to watch in the myriad of cryptocurrencies making leaps and waves. Summary: Will XRP Smash $5 as JetBolt’s Presale Goes Through the Roof? As XRP displays aggressive price movements, XRP fans are optimistic that the token could potentially crush $5 in this bull cycle. While not impossible, XRP’s trajectory toward reaching this ambitious target will require overcoming key resistance levels, boosting its market volume, and thriving in an overall positive crypto environment. Meanwhile, the rising altcoin JetBolt continues with its rapid ascent, as cutting-edge technologies and user-focused innovations drive its upward momentum. With a presale going through the roof at over 230 million tokens sold, and counting, JetBolt has emerged as one of the game-changing altcoins to keep an eye on in the exciting days of the unfolding 2025 altseason. Learn more about JetBolt’s amazing features and presale buzz by visiting: JetBolt’s Official Website: https://jetbolt.io/ JetBolt on X/Twitter: https://x.com/jetboltofficial Kindly note that all cryptocurrencies carry risks as the crypto market is full of uncertainties. As such, do not treat this article as trading or financial advice. Remember to conduct your own research and assess the risks involved before buying any digital asset. Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . The Daily Hodl
Bitcoin Network Processed $19,200,000,000,000 Worth of BTC Transactions Last Year, Says Riot Platforms Executive
New data reveals that Bitcoin’s ( BTC ) network processed $19.2 trillion worth of BTC transactions during the last year. In a new thread on the social media platform X, Pierre Rochard, a vice president of mining firm Riot Platforms, says the huge amount of funds processed indicates that the crypto king is both a store of value asset and a medium of exchange. However, Rochard’s chart indicates that the top crypto asset by market cap saw more funds processed in years prior. In 2021, a staggering $47.7 trillion worth of BTC transactions were processed while in 2022, that number dipped to $36.4 trillion. Source: Pierre Bochard/X He also says that institutions’ second round of Bitcoin securitization will see BTC adoption rise to heights never seen before. “Season 2: Bitcoin Securitization. This is de facto how BTC is going to scale to a billion users.” The executive goes on to predict that 2025 will still be a year where the securitization of BTC – or the creation of investment vehicles such as exchange-traded funds (ETFs) linked to Bitcoin – will continue to outpace the performance of one emerging use case in the decentralized finance (DeFi) space. “2025 prediction: TradFi securitization of BTC will continue to eclipse DeFi tokenization of [real-world assets].” BTC is trading for $98,962 at time of writing, a fractional increase on the day. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitcoin Network Processed $19,200,000,000,000 Worth of BTC Transactions Last Year, Says Riot Platforms Executive appeared first on The Daily Hodl . The Daily Hodl