Claim CardWhy Is Hedera (HBAR) Price Skyrocketing Today?
Highlights
- Hedera (HBAR) is targeting a new ATH of $0.57, driven by Coinbase listing and Trump's strategic reserves plan.
- Trump's plan to consider altcoins in strategic reserve has invoked optimism within the crypto market.
- HBAR ETF is also in discussion in the community.
- HBAR has marked a daily surge of 12% and a weekly surge of 38%.
Many bullish news from Coinbase and President-elect Donald Trump have fuelled Hedera (HBAR) price to a high of $0.3988 today. Marking a notable 12% increase in a day, HBAR is just around 10% shy away from its all-time high of $0.4323, marked in 2021.
What Drives Hedera (HBAR) Price To the Rally?
As of press time, Hedera price is at $0.3796, with a weekly surge of 38.37% and a yearly surge of 30.19%. Ranked at 14 with market cap of $14.53 billion, the token has seen a staggering 111% hike in its 24-hour trading volume to $2.72 billion.
Notably, the surge in Hedera price is driven by crypto exchange Coinbase’s announcement related to HBAR. Earlier today, Coinbase announced the availability of the token for custody on Coinbase Prime. The platform wrote, “Hedera (HBAR) is now available for custody on Coinbase Prime!”
Donald Trump’s New Crypto Presidential Term
The United States’ strategic Bitcoin reserve plan has been a topic of discussion for months, especially following Trump’s speech at the Bitcoin 2024 Conference in Nashville. While Trump’s inauguration is just around the corner, the community’s eye is set on his potential crypto-focused policies. Trump’s Bitcoin reserve strategy and crypto-friendly administration are expected to revolutionize the US financial landscape.
Recent reports reveal Trump’s open to having strategic reserve for crypto including USDC, Solana (SOL), and XRP (XRP). Triggered by the news, the crypto market is signaling a bull run. Along with the surge of these larger tokens, Hedera price is trending on an ascending track.
HBAR Targets a New ATH of $0.57
Following multiple failed attempts, Hedera has successfully broken out of its month-long consolidation below the $0.33 level. An analyst unveils Hedera’s ambitious target of a new ATH of $0.57 as the token has broken past the crucial 0.61 Fibonacci level.
According to the analyst, a rally to the 0.78 Fibonacci level at $0.46 is highly likely if the daily candlestick closes above $0.37. A surge above the $0.46 mark could propel the price directly to the new ATH.
Trump’s Presidency To Reshape Crypto Trends
Experts keenly await Trump’s presidential inauguration and his second term. Many believe that the first 50 days could determine Bitcoin’s growth in 2025. Bitget CEO Gracy Chen stated,
The crypto market’s expectations for his inauguration and first steps as president are extremely high, which is confirmed by the sensitivity of crypto market prices to statements and appointments made by him in the fourth quarter of 2024.
Meanwhile, HBAR is also setting its way to new high levels. As analysts predict a continued rally for the token, Hedera’s future looks bright. With a potential new ATH on the horizon, investors are eagerly awaiting HBAR’s next move.
Now we have litecoin going in on sol, xrp, & hbar…
Crypto ETF wars.
I told you all 2025 would be wild. https://t.co/2GIktTraf7
— Nate Geraci (@NateGeraci) January 17, 2025
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- UAE’s Second Largest Bank Eyes Bitcoin Allocation, Backs Tokenization
- Crypto Group Proposes Tax Rules To Boost Innovation As CLARITY Act Talks Progress
- XRP News: SBI Ripple Explores XRPL for Cross-Border Payments in Strategic Research
- Crypto Exchange HashKey Launches RWA Issuance for Institutions Amid Tokenization Boom
- Just-In: Ethereum Foundation Begins Staking 70,000 ETH, Futures Open Interest Bounces
- Pi Network Price Eyes a 30% Jump as Migrations Jumps to 16M
- Will Ethereum Price Dip to $1,500 as Vitalik Buterin Continues Selling ETH?
- XRP Price Outlook as Clarity Act Passage Odds Plunge to 53%
- COIN Stock Risks Crashing to $100 as Odds of US Striking Iran Jump
- MSTR Stock Price Predictions As Michael Saylor’s Strategy Makes 100th BTC Purchase
- Top 3 Meme Coins Price Prediction As BTC Crashes Below $67k
