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Crypto News Highlights: Bitcoin, a digital currency curated in 2009, once again birthed a hurricane of speculative buzz among crypto market enthusiasts globally as its price maintained an upward trajectory mostly today. As of press time, the Bitcoin price jotted down a jump of 1.06% over the past 24 hours and is currently trading at $40,038. On the other hand, altcoins such as Ethereum and XRP noted a marginal jump of 0%-1%, whereas Solana showcased a 5.63% surge.
Meanwhile, Shiba Inu, an Ethereum-based meme coin, showcased a noteworthy surge in its burn rate. As of writing, the SHIB burn rate noted a 4325% surge, nabbing traders’ attention globally.
Crypto News Live: JPMorgan Foresees Stable Future for Bitcoin Post-GBTC Sell-off
JPMorgan’s analysts indicate that the profit-taking phase for Grayscale Bitcoin Trust (GBTC) has mostly ended, signaling a potentially stable period ahead for Bitcoin.
JUST IN: 🇺🇸 JPMorgan says profit-taking on GBTC has largely concluded, expecting limited further downside for #Bitcoin
Bullish! 🚀
— Bitcoin Magazine (@BitcoinMagazine) January 25, 2024
Crypto News Live: Grayscale Leads Historic $159M Bitcoin ETF Withdrawal
Bitcoin spot ETFs witnessed a historic net outflow of $159.04 million on January 24, marking the largest single-day withdrawal in their history. Grayscale’s Bitcoin Trust led this exodus with a $429.28 million outflow, contrasting with other funds like Fidelity’s FBTC and BlackRock’s IBIT, which saw significant inflows.
Crypto News Live: Altcoins May Hit Bottom Soon, Rally Expected Pre-BTC Halving
According to Altcoin Hype Cycles analysis, altcoins are expected to hit a low in the coming weeks ahead of the Bitcoin halving. Following the BTC halving, a potential sell-off could lead to another bottom by early summer, setting the stage for a Q2 Altcoin Hype Cycle rebound.
According to Altcoin Hype Cycles, Altcoins may bottom in the coming weeks before their next leg up heading into the #BTC Halving
Around the $BTC Halving, Altcoins may sell-off again but only to bottom early Summer in preparation for their Q2 Altcoin Hype Cycle#Crypto #Bitcoin pic.twitter.com/D7Nd19dc4W
— Rekt Capital (@rektcapital) January 25, 2024
Crypto News Live: Cardano Ecosystem Sees Major Step with Catalyst Fund 11 Vote
Input Output Global (IOG) has launched voting for Fund 11 of Project Catalyst, a decentralized grant program in the Cardano ecosystem. Over 920 proposals are up for community voting until February 8, with 50 million ADA available for funding innovative initiatives in various categories.
🗳️Project Catalyst Fund11 voting is officially OPEN!
Participate in shaping the future of decentralized innovation on #Cardano.🌐
Cast your votes until February 8, 11:00 UTC.How to vote: ➡️ https://t.co/e6rCLP0QLh pic.twitter.com/5vCTnRNE17
— Input Output (@InputOutputHK) January 25, 2024
Crypto News Live: US $34.1 Trillion Debt Raises Stakes for Crypto Markets
As the US national debt hits a record $34.1 trillion, crypto markets face uncertainty amidst investor fears of a volatile future. Amidst these concerns, some see potential in cryptocurrencies as a decentralized haven, while others fear a repeat of past market downturns. Jack Mallers, CEO of Strike, highlights Bitcoin’s appeal as a hedge against potential fiat currency debasement.
Crypto News Live: ETF Outflows Slow as $ARKB, $BITB Achieve Massive Success
GBTC and the other Nine’s ETF outflows show a downward trend, with total rolling net flows reaching an impressive $824 million. The crossing of the half-billion mark by $ARKB and $BITB in their first month is being hailed as a major success in the industry.
The good news: GBTC outflows trending down. The bad news: so are the Nine's. That leaves us with TOTAL ROLLING NET FLOWS of +$824m. Also $ARKB and $BITB crossing half a billion is remarkable. For any normal launch in first month that's considered blockbuster-level success. https://t.co/jPtlxhMtwP
— Eric Balchunas (@EricBalchunas) January 25, 2024
Crypto News Live: Worldcoin's Orb to Undergo Sleek Apple-Inspired Redesign
Worldcoin, known for its unique iris-scanning Orb, is set for an Apple-inspired redesign, CEO Alex Blania of Tools for Humanity revealed. According to TechCrunch, the updated Orb aims to address mixed public reception and align with modern aesthetic standards.
Crypto News Live: Bitcoin Gains Ground with BlackRock's Advertising Leap
BlackRock, the Largest Asset Manager, Starts Advertising Bitcoin. This significant move by BlackRock highlights the growing mainstream acceptance of cryptocurrencies.
Nothing to see here, just BlackRock, the world's largest asset manager, advertising #Bitcoin 🔥 pic.twitter.com/rReyhrk0zN
— Bitcoin Magazine (@BitcoinMagazine) January 25, 2024
Crypto News Live: Google Opens Doors to Bitcoin ETF Ads from January 29
Google Set to Welcome Bitcoin ETF Ads Starting January 29. The tech giant’s policy change marks a significant shift, embracing cryptocurrency-related advertising in the coming days.
Crypto News Live: Terra Luna Classic Proposal Gains 99.97% Community Support
Terra Luna Classic‘s ICA Controller Proposal Wins Overwhelming Community Support. With 99.97% voting, the proposal passes ahead of its January 28 deadline, despite recent price dips in LUNC and USTC.
Crypto News Live: Grayscale Shifts $4.08B in BTC to Coinbase Prime Post-ETF
Grayscale Continues Massive Bitcoin Transfers to Coinbase Prime. Since the ETF approval, they’ve moved 99,566 BTC, totaling $4.08B, with a current holding of 510,682 BTC worth $20.43B.
Grayscale deposited 5,865 $BTC($234M) to #CoinbasePrime again 8 mins ago.#Grayscale has deposited 99,566 $BTC($4.08B) to #CoinbasePrime since the #ETF was passed.
And #Grayscale currently holds 510,682 $BTC($20.43B).https://t.co/6fjPOhvFox pic.twitter.com/TfUUa0MOFi
— Lookonchain (@lookonchain) January 25, 2024
Crypto News Live: Samson Mow Forecasts ETF Shift from Coinbase Amid Critique
Coinbase Faces Criticism for Limited Bitcoin Infrastructure Investment. Samson Mow predicts a shift towards in-house custody or alternative custodians for ETFs in the coming quarters.
That’s the problem with using a custodian like Coinbase. They didn’t invest much into their #Bitcoin infrastructure because they were too busy shitcoining. We’ll see some ETFs build in-house custody like @DigitalAssets, or migrate to other custodians in the next couple quarters. https://t.co/B2ioS1ayCx
— Samson Mow (@Excellion) January 24, 2024
Crypto News Live: Bitcoin Teeters at $40K, Analyst Eyes $38K Dip Warning
Bitcoin Struggles at $40,000, Analyst Warns of Potential Dip to $38,130. Crypto expert Ali Martinez predicts a temporary bearish phase but remains optimistic for a bull cycle peak in late 2025.
Crypto News Live: Ethereum's Dencun Upgrade Set for Imminent Testnets
Ethereum prepares for the Dencun upgrade, with core developer Tim Beiko announcing testnet activations on Sepolia and Holesky following Goerli’s success. This major update, including ‘protodanksharding’ to reduce L2 fees, coincides with growing momentum for Ethereum, partly driven by the Ethereum Spot ETF and Bitcoin’s recovery.
More testnet blobs on the way .oO
Dencun will activate on Sepolia Jan 30, and on Holesky Feb 7. If running a node on either network, now's the time to update it!
Assuming both of these go smoothly, mainnet is next ✅https://t.co/QbEUACix2S
— timbeiko.eth ☀️ (@TimBeiko) January 25, 2024
Crypto News Live: Van de Poppe Foresees Ethereum Surge in Weeks Ahead
Crypto analyst Michaël van de Poppe predicts a surge in Ethereum’s momentum in the coming weeks, citing Bitcoin’s recovery, Ethereum Spot ETF buzz, and upcoming cost-reducing upgrades.
The momentum towards $ETH is probably going to come in the next few weeks.
Arguments:
– #Bitcoin bottoming out is a trigger for altcoins to make a new run.
– Ethereum Spot ETF hype.
– Ethereum launching new upgrades to reduce 90% of the costs. pic.twitter.com/N8bDi52F8M— Michaël van de Poppe (@CryptoMichNL) January 25, 2024
Crypto News Live: Orbit Bridge Hack Traced to Former Staff Member
Ozys, the South Korean company behind Orbit Bridge, suspects a former employee in an $80 million hack on the protocol. The company has engaged authorities and is investigating links to the Lazarus Group amid efforts to recover the stolen funds.
Crypto News Live: BTC, ETH Face Turbulence with $5.7B Options Expiry
Bitcoin and Ethereum face high volatility with the upcoming $5.7 billion options expiry amid the market’s first monthly adjustment post-spot Bitcoin ETFs approval.
Crypto News Live: UK Moves Forward with Digital Pound CBDC Design
The UK is advancing its plans to develop a Central Bank Digital Currency, the Digital Pound or Britcoin. Amid discussions on privacy and security, the Treasury and Bank of England are focusing on a cautious and thorough design process.
Crypto News Live: Analyst Foresees 20-Month Bull Run for Bitcoin Ahead
Bitcoin analyst Ali Martinez predicts over 20 months of bullish trends for BTC, drawing on historical data and market cycle patterns. Despite recent price dips following the approval of spot Bitcoin ETFs, Bitcoin shows signs of recovery, bouncing back to around $40,000.
If #Bitcoin mirrors past bull runs (2015-2018 & 2018-2022) from their respective market bottoms, projections suggest the next market peak could land around October 2025.
This implies $BTC still has 600 days of bullish momentum ahead! pic.twitter.com/hD3ApOg347
— Ali (@ali_charts) January 24, 2024
Crypto News Live: Tesla Holds Firm on 9,720 BTC Amid Mixed Q4 Financials
Tesla maintains its Bitcoin holdings of 9,720 BTC despite a mixed financial performance in Q4, as reported in their recent financial statement for 2023. The company saw a revenue increase to $25.2 billion but fell short of earnings expectations, recording a profit of $2.1 billion.”
Crypto News Live: Dogecoin Price Prediction: Musk's Future of X App Spurs DOGE, $1 Target in Sight?
Dogecoin price prediction: DOGE, based on the popular Internet meme, has lately shown a downtrend, largely dominated by bearish forces. The altcoin’s value has been oscillating throughout the past week, particularly around the $0.078 support level. This pattern reflects a challenging market environment for DOGE.
Elon Musk, in a conversation with Ben Shapiro, discussed X, an all-in-one app, evolving what PayPal was meant to be. Musk mentioned integrating payment functions in X this year, potentially boosting Dogecoin’s short-term momentum.
Elon Musk sits down with @benshapiro and discusses the future of X, the everything app, what PayPal should’ve been.@elonmusk said payments are scheduled to launch this year pic.twitter.com/Q9tYSjqkA2
— Doge Whisperer 🐕 (@TDogewhisperer) January 25, 2024
Crypto News Live: Is Bitcoin Price 31% Into The Bull Run?
Although Bitcoin price remains relatively unchanged in the last 24 hours, it is reeling in pain the pain of a 6.3% drop in seven days to $40,033. The rebound from the dip below $39,000 relieved investors, although temporally, with BTC unable to keep the uptrend sustained above $40,500.
Support at $40,000 could imply a glimpse of hope — one that could morph into a sustained uptrend and possibly lead into the bull run ahead of the Bitcoin halving event expected around April.
Bitcoin is already 31.1% into the bull run based on historically price data shared by crypto analyst Rekt Capital. With the ETF narrative cooling off, investors would now be glancing at the halving, which would lead to a bigger rally.
Recommended: Bitcoin Price Prediction Today 24 Jan
Crypto News Live: Manta Price Soars 6.5% Today, Are Traders Rooting For $10
Manta has taken the crypto market with a bang as it rallies unbothered by the ongoing doldrums. With crypto majors like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) down from their December and January peaks, attention is shifting to little-known tokens – and some that have recently been launched like Manta.
Manta Network, a protocol dedicated to serving the Web3 space, has this week soared to highs of $3.33. However, due to profit booking, the token trimmed gains to trade at $2.9 at the time of writing towards the end of the European session on Thursday.
Crypto analysts and trader, CryptoBusy highlights resistance at $3.2. A break above this could blast MANTA to new all-time highs with the possibility to closing the gap to $10.
$MANTA resistance at 3.32 👇
If you're analyzing the chart, it's a typical resistance rejection from its all time high price – usually a take profit area for traders. https://t.co/NzTLBRbnMm pic.twitter.com/nGUsyb2wF7
— CryptoBusy (@CryptoBusy) January 25, 2024
Crypto News LIVE: Ethereum Price Prediction: Will ETH Flip Below $2,100 Before Next Major Rally Begins?
Ethereum price soared by 80% to a yearly high of $2,715, energized by the U.S. approval of Bitcoin spot ETFs. This bullish wave, however, subsided, with ETH now facing downward pressure alongside the broader market. Crypto analyst Crypto Tonny noted on Twitter that Ethereum, currently at $2,224 with a 0.34% drop in 24 hours, might test the support level of $2,100. This bearish trend reflects the market’s current uncertainty as investors and analysts closely monitor Ethereum’s trajectory.
$2,100 target in sight. Looking for the bulls to step in there pic.twitter.com/nkqByIZLPm
— Crypto Tony (@CryptoTony__) January 24, 2024
Crypto News LIVE: Microsoft's Market Capitalization Surpasses Apple Briefly
According to a report, Microsoft’s market capitalization secured a monumental achievement recently, exceeding Apple’s for a brief moment. Microsoft’s push to foster a new AI era appears to have bolstered this movement.
Crypto News LIVE: Trader Falls Victim To Phishing, Loses $1.1 Mln In LINK
As per data spotlighted by PeckShieldAlert, the address, 0x4a8B…C337, recently fell prey to a phishing scheme, leading to a loss of approximately $1.1 million worth of LINK.
#PeckShieldAlert #Phishing #SandwichAttack The address 0x4a8B…C337 has fallen victim to a phishing scheme, resulting in a total loss of approximately $1.1M in $LINK (expected loss was ~$813K) & $aETHLink ($301K).
After permitting the 1st phishing attempt, the victim suffered a… pic.twitter.com/Kn8Hv1skdT— PeckShieldAlert (@PeckShieldAlert) January 25, 2024
Crypto News LIVE: Bitcoin Potentially In Final Stages Of Correction
Michael van de Poppe, one of the most prominent crypto market analysts, stated that Bitcoin appears to be moving towards the final stages of correction. Furthermore, the market has witnessed a 20% correction for the past ten days.
#Bitcoin is getting toward the final stages of this correction.
We're seeing volatility decrease from here, as the markets have witnessed a 20% correction in 10 days.
The range-low is still $36-39K, and upward momentum to the halving is likely from here. pic.twitter.com/2i5WzczD1a
— Michaël van de Poppe (@CryptoMichNL) January 25, 2024
Crypto News LIVE: CoinShares Slashes Fees For Physical Bitcoin Management
CoinShares, a European digital assets investments company, recently announced plans to reduce its physical Bitcoin management fees from 0.98% p.a. to 0.35% p.a.
We are thrilled to announce that effective from 1st February 2024, the management fees for CoinShares Physical Bitcoin will be decreased from 0.98% p.a. to an industry-leading 0.35% p.a. for physically-backed Bitcoin ETPs in Europe, setting new benchmarks for accessibility in the… pic.twitter.com/BH0S2RS5yf
— CoinShares (@CoinSharesCo) January 25, 2024
Crypto News LIVE: HTX DAO Unveils Next Batch Of Ecological Builders
Justin Sun’s HTX DAO recently revealed the sixth batch of its ecological builders OIG Capital and BitTorrent Chain. Aligning with this, BitTorrent Chain is all set to donate 10% of the funds equal to Huobi HTX’s donation.
激动的宣布第六批 #HTXDAO 生态建设者：@Oiggroup #BitTorrentChain
这次合作的实现，得益于 #OIG 对我们生态系统的支持，以及对交易平台未来潜力的坚定信念。#BitTorrentChain 将拿出与火币HTX捐助等额资金的10%进行捐助。
目前我们的生态系统中已加入10个重要建设者。期待更多建设者的加入~ pic.twitter.com/bwlCRDHQnt
— HTX DAO (@HTX_DAO) January 25, 2024
Crypto News LIVE: Ripple Forwards Letter To Judge Over SEC's "Factual Mischaracterization"
In a significant gust of developments, the Ripple vs US SEC lawsuit advanced further as Ripple sent another letter to Magistrate Judge Sarah Netburn. In Ripple’s letter, the crypto firm asked the judge to rectify the factual mischaracterization by the US SEC.
Crypto News LIVE: Publicis Eyes €300 Mln Investment in AI Plan
According to a report, Publicis, the world’s leading advertising group by market value, recently announced the firm’s plans to invest a staggering €300 million in the organization’s first AI-powered intelligent system over the next three years.
Crypto News LIVE: Worldcoin Unveils IRIS
The Worldcoin community recently unveiled an upcoming project in the pipeline, IRIS.
The IRIS (Iris Recognition Inference System) project levels up the game for iris recognition systems globally while also allowing secure verification of an individual’s World ID.
All relevant hardware engineering files ⬇️https://t.co/AiC2HvFaPc
Open source iris recognition pipeline ⬇️https://t.co/ddNqWneexW— Worldcoin (@worldcoin) January 24, 2024
Crypto News LIVE: Binance Ex-CEO Changpeng Zhao Faces Backlash Over UAE Travel Bid
Binance founder and ex-CEO Changpend Zhao’s recent bid to travel to the UAE got rejected following the ongoing tussle orbiting his anti-money laundering legal chronicle.
Crypto News LIVE: XRP Whale Dumps 50 Mln Tokens
As per on-chain data unveiled by the blockchain tracker Whale Alert, two noteworthy whale transactions shifted 50 million XRP to CEXS collectively. Notably, the first transaction showcased the transfer of 21.8 million XRP to Bitso, a Mexico City-headquartered CEX. Meanwhile, the second transaction illustrated the shifting of 28.2 million XRP to Bitstamp, a Luxembourg city-based CEX.
🚨 21,800,000 #XRP (11,185,280 USD) transferred from unknown wallet to #Bitsohttps://t.co/28ctBl4xpt
— Whale Alert (@whale_alert) January 24, 2024
🚨 28,200,000 #XRP (14,469,021 USD) transferred from unknown wallet to #Bitstamphttps://t.co/xipfNIQgkQ
— Whale Alert (@whale_alert) January 24, 2024
Crypto News LIVE: Crypto Bank Sygnum Secures $40 Mln Funding
Swiss crypto bank Sygnum AG recently announced that it secured funding worth a staggering $41 million, worth 35 million Swiss francs, to empower its expansion in the European and Asian markets.
Crypto News LIVE: Senior ETF Analyst Highlights GBTC Outflows
Eric Balchunas, senior ETF analyst at Bloomberg, recently spotlighted Grayscale’s Bitcoin ETF’s (GBTC) net outflow for today. As per market data, GBTC outflows totaled $425 million, marking the lowest bleeding since day one.
$GBTC outflows today were ‘only’ $425m, lowest bleed since day one and seemingly trending down. That said it’s still a pretty large number. Source: Bloomberg terminal
— Eric Balchunas (@EricBalchunas) January 25, 2024
Crypto News LIVE: Crypto News LIVE: Top Crypto Analyst Predicts Next Bitcoin Market Peak In October 2025
Ali Martinez, a renowned crypto market analyst, anticipates that if Bitcoin mimics past bull runs from their respective market bottoms, the next bull run for the token could be somewhere in October 2025. Furthermore, the analyst appears to have sparked immense curiosity among traders and investors as his comment stated- “This implies BTC still has 600 days of bullish momentum ahead.”
If #Bitcoin mirrors past bull runs (2015-2018 & 2018-2022) from their respective market bottoms, projections suggest the next market peak could land around October 2025.
This implies $BTC still has 600 days of bullish momentum ahead! pic.twitter.com/hD3ApOg347
— Ali (@ali_charts) January 24, 2024
Crypto News LIVE: SAVM Dips Over 30% As Project Founder MacnBTC In Crosshairs With Ape Terminal
Recent on-chain metrics showcase that the SAVM price dropped over 30% following the DEX ApeTerminal’s tussle with the SAVM project founder MacnBTC.
The price of $SAVM dropped by more than 30% due to the conflict between #ApeTerminal and #MacnBTC.
On-chain data shows that 2 whales bought more $SAVM after the drop and still lost $1.33M on $SAVM.
0xe939 spent 200K $USDT to buy 24,940 $SAVM at $8.02 2 hours ago and has spent a… pic.twitter.com/HurjKzXi1B
— Lookonchain (@lookonchain) January 25, 2024
Ape terminal claims that the platform was used as a scapegoat for MacnBTC to snipe liquidity and attain colossal profits.
FUD, MacnBTC, and SAVM —
SAVM is a project founded by a KOL named MacnBTC.
SAVM is a bittersweet event for Ape Terminal. While we are happy it offered a good opportunity for our community, it, unfortunately, enabled a KOL to harvest his own community for millions in profits.…
— Ape Terminal (@theapeterminal) January 24, 2024
Crypto News LIVE: Polyhedra Network Unveils Collaboration With Syscoin
Polyhedra Network, a ZK proofs network, recently announced a new strategic partnership with the Syscoin community, an L1 extending Bitcoin PoW to Web3. The partnership eyes facilitating Bitcoin’s modular execution layer with zkBridge.
We are delighted to announce our partnership with @syscoin and @NodeKitOrg to unveil #zkDA on #BTC.
We are excited to enable Bitcoin's modular execution layer with zkBridge.
Read more:https://t.co/rdEA0rESe3 https://t.co/XuWBqQKViW
— Polyhedra Network (@PolyhedraZK) January 25, 2024
Crypto News LIVE: Elizabeth Warren Spotlights US Budget For Fiscal Year 2025
US Senator Elizabeth Warren recently shed light on Governor Maura Healey’s fiscal year 2025 budget projection. Notably, the budget encompasses enormous investments in transportation and education systems throughout Massachusetts following the prompt approval of a referendum.
Governor Healey’s budget includes big investments in transportation and education after Massachusetts voters approved a referendum to make millionaires pay their fair share.
That’s a win-win-win. https://t.co/D4fO5g2nsh
— Elizabeth Warren (@SenWarren) January 25, 2024
Crypto News LIVE: Elon Musk's Tesla Retains Its BTC Holdings
A 2023 Q4 report showcased that Elon Musk’s Tesla did not buy or sell any Bitcoin in last year’s Q4. With this, the number of positions remains unchanged for six quarters, while Tesla currently holds 9,720 BTC.
Tesla's fourth-quarter 2023 financial report showed total revenue of $25.2 billion and operating profit of $2.1 billion. The company did not sell or buy any Bitcoin in the Q4, keeping the number of positions unchanged for six quarters. Tesla currently holds 9,720 BTC.…
— Wu Blockchain (@WuBlockchain) January 25, 2024
Crypto News LIVE: Celsius Deposits Colossal Amounts Of ETH To Coinbase & FalconX
On-chain data spotlighted by Lookonchain reveals that a Celsius network-linked wallet has deposited 18K ETH, worth $39.8 million, to Coinbase and FalconX.
Update:#Celsius deposited 18K $ETH($39.8M) to #Coinbase and #FalconX again 8 hours ago.#Celsius has deposited a total of 298,760 $ETH($661M) to #Coinbase, #FalconX, and #OKX since Nov 13.
And #Celsius currently holds 522,029 $ETH($1.16B).https://t.co/O71a2LfeKg pic.twitter.com/yVIya2XZZi
— Lookonchain (@lookonchain) January 25, 2024
