* Italy's largest bank, Intesa Sanpaolo, has begun buying Bitcoin, according to leaked internal emails celebrating the "first transaction" of €1 million for 11 BTC.
* According to The Washington Post, David Sacks and the Trump transition team are working closely with cryptocurrency industry leaders to develop a legislative strategy.
* In the last 12 hours, more than $420,000,000 has been liquidated from the crypto market.
Fundstrat: Bitcoin could drop to $70,000, but the current price could be a "good entry point" #Bitcoin❗
Tom Lee of Fundstrat claims that those who buy Bitcoin around $90,000 now will not "lose money" in the long term. Fundstrat: Bitcoin could drop to $70,000, but the current price could be a "good entry point" NEWS Despite a warning from analysts that Bitcoin could fall below $70,000, the current price of the asset at $90,000 remains a "good entry point" for long-term investors, according to the chief investment officer of Fundstrat Capital.
XRP Rally to $4 Possible After XRP/BTC Pair Breaks 30-Day Resistance Level #Xrp🔥🔥 XRP price continues to show strength against the broader cryptocurrency market. Here's why. XRP Rally to $4 Possible After XRP/BTC Pair Breaks 30-Day Resistance Level MARKET ANALYSIS The price of XRP XRP tickers down 2,51 € The altcoin registered a bullish breakout of the structure on the daily chart on January 13 after the altcoin reached a high of $2.60. The price has since fallen as low as $2.33 on January 13 but quickly regained a position above $2.45 in today’s trading session.
Happy Monday, today January 13th I leave you the basics you need to know!
🔵 A super volatile week is expected for the price of #bitcoin. Inflation data and the proximity of Trump's inauguration set high expectations for the market.
🔵 More than $2 billion was liquidated to traders last week. High volatility hurt the leveraged in recent days.
🔵#XRPbroke the bullish pennant. Some analysts project that A$XRP could exceed $5 in this cycle, surpassing its ATH of $3.84.
🔵 There are also bullish prospects for#Solanaand #Dogecoin. Analysts and traders on Binance point to increases in both coins in the long and short term, respectively.
XRP Price Eyes 60% Gain Ahead of Gary Gensler's SEC Departure
XRP broke out of a bullish continuation pattern structure following Ripple’s court victory to seal documents in the SEC case. XRP Price Eyes 60% Gain Ahead of Gary Gensler's SEC Departure MARKET ANALYSIS $XRP XRP tickers down 2,44 € looks set to surge 60% in the coming days after breaking out of its predominant symmetrical triangle pattern.
* LESS THAN 10 DAYS REMAIN until TRUMP takes office as President of the United States.
* Bitcoin SPOT ETFs were approved 1 year ago.
Since then, ETF issuers hold $109B in BTC, making them BY FAR the most SUCCESSFUL ETFs in HISTORY.
* According to Spot On Chain, within 8 hours of Binance announcing the launch of COOKIE, a multisig wallet associated with the official Cookie project transferred around 20 million COOKIE tokens to Binance, worth approximately $12.55 million.
Detecting deceptive bearish patterns requires intelligent analysis. How to spot deceptive bearish patterns OPINION Imagine you're surfing a giant wave. You're going up and up, enjoying the thrill. But suddenly, the wave loses power and you start to go down. Do you fall and give up? No! A good surfer knows that waves have their ups and downs and that sometimes you have to wait for the next wave to keep enjoying yourself.
The same is true in the markets. An uptrend is not a straight line up. There will always be lulls and corrections. A correction is like a respite in the uptrend. It is an opportunity for buyers to enter the market at a lower price.
$BTC The global economy is cooling enthusiasm for Bitcoin and other cryptocurrencies. Economic reality slows Bitcoin's rise OPINION A few weeks ago, euphoria was invading the crypto markets. Everything was rosy and the most optimistic predictions were talking about going to the moon. However, the panorama has changed considerably. Spirits are lower and uncertainty has taken hold among investors.
What is the reason for this change of mood? Mainly, external factors beyond the control of the crypto market. The global economy is causing concern: the spectre of inflation is looming again, the labour market is overheated and, as a result, the Federal Reserve seems willing to keep interest rates high.
📉 Bitcoin ETF had the second worst day in their history: Over USD 580 million left the ETFs on January 8, with Fidelity (USD 258 million) and ARK 21Shares (USD 148 million) recording the largest outflows.
🇺🇸 The U.S. has the green light to sell 69,000 bitcoins seized from Silk Road: a federal judge ruled that the DOJ can sell the BTC, which represents nearly 30% of all BTC held by the U.S.
📉 More than USD 500 million in traders were liquidated with the drop in bitcoin: of the total, about USD 344 million was from long positions and the rest from short positions. This followed the drop in bitcoin below the USD 92,000 level.
😱 Bitcoin increases the risk of a drop if it loses the USD 90,000 level: If it loses the USD 90,000 area, the next consolidated support is around the USD 73,000 level, a drop of nearly 20%. $BTC $ETH $SOL
$BTC CFTC head rumored to be pro-crypto as Trump inauguration nears
A pro-crypto commissioner is now a leading candidate to replace outgoing#CFTCchair. CFTC head rumored to be pro-crypto as Trump inauguration nears NEWS The U.S. Senate Banking Committee is on the verge of creating its first-ever cryptocurrency subcommittee, and a pro-crypto commissioner is now a leading candidate to replace the outgoing chair of the Commodity Futures Trading Commission, according to two reports.
The two reports, seen as positive for the crypto sector, come less than two weeks before President-elect Donald Trump's inauguration, scheduled for January 20.
According to a FOX Business report on January 9, following a Punchbowl News report on January 8, the new chairman of the U.S. Senate Banking Committee, Republican Senator Tim Scott, has made the creation of the subcommittee a priority and plans to replicate the model of the House Financial Services Committee, which introduced a cryptocurrency subcommittee in 2023.
Two Senate aides told FOX that Scott has proposed Senator Cynthia Lummis to chair the subcommittee, and a vote on its approval will take place in the coming days. Lummis, a longtime supporter of cryptocurrencies, has recently echoed Trump’s push to create a strategic bitcoin reserve BTC tickers down €91,965 .
* There are only 10 days left until GARY GENSLER leaves the SEC.
One of the biggest threats to Bitcoin and Crypto steps down for a PRO BTC.
* There are only 10 days left until TRUMP takes office as President of the United States.
The first PRO Bitcoin president of the USA.
* According to Reuters, the cryptocurrency industry has been lobbying Trump to issue an executive order within his first 100 days in office to establish a Bitcoin Reserve in the United States.
📅 A historically good month for DOGE has begun: so far in January, the memecoin has already recorded a rise of 24%, trading above USD 0.38. This represents an average growth of 84% this month, since 2014. $DOGE
🤔 What will happen with $BTC and U.S. interest rates in 2025?: while some economists point to possible increases in interest rates, the general opinion is that cuts will continue throughout 2025.
🇰🇷 $XRP surpasses Ethereum as the favorite altcoin of Korean traders: the Korean market is the second largest cryptocurrency market in the world. A recent report reveals that in this market, the most traded cryptocurrency, behind bitcoin, is XRP from Ripple.
📈 The use of RLUSD, Ripple's stablecoin, has surged: due to the enactment of the MiCA Law, and with the exit of USDT from European markets, users have shifted their interest to this new stablecoin. #pepe #solana #bnb
Hayes: U.S. Fed money printing could stimulate Bitcoin's rally in the first quarter of 2025
The cryptocurrency regulations of the incoming Trump administration and the trajectory of U.S. Federal Reserve monetary policy remain the main factors influencing Bitcoin's price trajectory.
Hayes: U.S. Fed money printing could stimulate Bitcoin's rally in the first quarter of 2025 NEWS Bitcoin could benefit from over $612 billion in new liquidity during the first quarter of 2025, potentially mitigating investor concerns about delays in cryptocurrency regulations in the United States.