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BTC Over 100kMe : HODL !

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Ripple CEO Brad Garlinghouse reportedly met with U.S. President Donald Trump at Mar-a-Lago to discuss the future of digital assets and regulatory clarity in the United States. The meeting, which highlights Ripple's continued efforts to engage with key political figures, is believed to have focused on the role of blockchain technology in modernizing financial systems and fostering innovation. Trump, who has historically expressed skepticism toward cryptocurrencies, reportedly showed interest in understanding how Ripple's technology could enhance cross-border payment systems and maintain America's competitive edge in the global financial landscape. The discussion could mark a pivotal moment in shaping the regulatory approach to blockchain and cryptocurrencies in the U.S.

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Crypto News Crypto Market Volatility Returns as Bitcoin Drops Below $100K, Altcoins Follow Suit Bitcoin's price has fallen back into the five-digit range after briefly reaching $102,000. As of press time, Bitcoin is trading at $95,000, marking a nearly 6% decline in the past 24 hours, according to data from CoinGecko. The cryptocurrency had crossed the $102,000 mark on Tuesday, January 7, following a 10% gain since last week. However, much of those gains quickly evaporated, leaving Bitcoin stuck within the narrow channel it has been trading in since mid-December. The sudden volatility triggered a massive $695 million liquidation in the past 24 hours, affecting more than 235,000 traders. Approximately 90% of long positions were liquidated, with losses exceeding $300 million in both Bitcoin and Ethereum trades, according to Coinglass. The largest single liquidation occurred on Binance, involving $17.7 million in the ETH/USDT pair. Market Sentiment Impacted by Economic Data Market sentiment has been further dampened by a decline in U.S. stocks such as Nvidia and Tesla, as well as a strengthening U.S. dollar. Despite these corrections, many analysts believe Bitcoin's overall uptrend remains intact. However, analysts like Adam Cochrane attribute the recent moves to unexpected U.S. jobs data, which has negatively impacted expectations of an interest rate cut. Altcoins have also been hit hard, experiencing significant losses as the total cryptocurrency market capitalization dropped to $3.48 trillion. According to a note from 10x Research, the strengthening U.S. dollar and rising bond yields are key factors squeezing global market liquidity, directly affecting Bitcoin prices.

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TRON (TRX) is exhibiting bearish momentum, with a 7.44% decline over the past 24 hours, bringing the price to approximately $0.2500. Entry Point: Consider entering a short position around $0.2490, aligning with the current consolidation zone. Take-Profit Levels: 1. TP1: $0.2460, near the 24-hour low, serving as a conservative target. 2. TP2: $0.2400, identified as a strong support level. Stop-Loss: Set a stop-loss at $0.2530, positioned above recent resistance levels. Risk/Reward Ratio: This setup offers a favorable risk/reward ratio of 1:3. Caution: Remain vigilant for volume spikes or potential trend reversals, as TRX has demonstrated significant volatility in the past. Action Plan: Monitor the market closely, adhere to your strategy, and be prepared to adjust based on price momentum. Trade wisely!

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Crypto News On January 1, 2025, Ripple unlocked 1 billion XRP tokens from escrow, a routine monthly action aimed at maintaining liquidity in the XRP market. This substantial release could influence the market in several ways: 1. Potential Price Increase: The infusion of XRP may boost investor confidence, particularly if Ripple utilizes these tokens to forge new partnerships or expand the cryptocurrency's use cases. 2. Price Volatility: The sudden availability of a large number of tokens might lead to short-term price fluctuations, driven by trading activities and market speculation. 3. Anticipation of Announcements: This significant token release could precede major developments or collaborations from Ripple, potentially impacting XRP's market dynamics. 4. Community Analysis: The crypto community is likely to scrutinize this event to understand Ripple's intentions and its potential implications for XRP's future trajectory. As of today, XRP is trading at $2.22, reflecting a 5.21% increase from the previous close.

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Crypto News Cryptocurrency Prices Plunge: LINK Falls 9% as Bitcoin's Decline Persists By Shawky Dilimi | December 28, 2024 Cryptocurrency prices continue to experience sharp declines, with Bitcoin falling below $95,000, marking a significant drop from its recent high of $108,000 last week. This represents a loss of over $14,000 in a matter of days. Bitcoin Performance: Ongoing Downtrend The decline began after market sentiment turned negative following the Federal Reserve's remarks, causing Bitcoin to lose over $16,000 in just a few days. Despite a brief recovery attempt over the weekend to reach $99,000, the downward trend persisted. Yesterday, Bitcoin dropped below $94,000 and, despite a slight rebound, is still recording daily losses of over 2%. Its market capitalization now stands at $1.87 trillion, with market dominance slipping to 54.4%. Altcoins Suffer Sharp Corrections Altcoins have also faced significant price drops: ETH fell to $3,360. XRP dipped below $2.20. BNB is struggling to hold above $700. Other cryptocurrencies like SOL, ADA, DOGE, and TON posted losses of up to 3%. Among the hardest-hit altcoins are AVAX, SUI, and LINK, with LINK dropping 10%, falling below $22. The total cryptocurrency market capitalization has shrunk to $3.4 trillion, losing $150 billion in just two days. These trends highlight the ongoing volatility and uncertainty in the cryptocurrency market as the year draws to a close.

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