Tron founder Justin Sun has moved a total of 20 billion Shiba Inu (SHIB) to Poloniex, an exchange affiliated with his crypto empire.

#SHIBA✅🚀 #Crypto #CryptoNewsFlash #CryptonewswithJack

Business intelligence firm MicroStrategy has further augmented its #Bitcoin bag with a much-expected 5,262 BTC purchase on Monday.
MicroStrategy’s chairman, Michael Saylor, confirmed the latest acquisition in a tweet on Monday. The software development firm extended its weekly acquisition streak by purchasing 5,262 BTC ($561 million).
According to the announcement, MicroStrategy bought the bitcoins at an average price of $106,662 per coin, bringing its total to 442,262 BTC ($42 billion).

MicroStrategy Extends Its Weekly Bitcoin Purchase Streak

Meanwhile, MicroStrategy has announced Bitcoin acquisitions for seven consecutive weeks as its appetite for the premier asset reaches insane levels. The firm resumed the streak on November 11 with a purchase of 27,200 BTC ($2.03 billion) and has accrued 192,042 BTC since then.
MicroStrategy’s Bitcoin average cost now stands at $62,226, with the firm spending $27.64 billion to acquire its 442,262 BTC. This indicates that the pro-Bitcoin firm has a lifetime portfolio unrealized profit of $14.57 billion.
Notably, the crypto community expected the Monday announcement. Enthusiasts have uncovered a trend in which Saylor mentions a desire to add new dots to MicroStrategy’s portfolio tracker before making a buy announcement the following day.
#CryptonewswithJack

Shytoshi Kusama, Shiba Inu's lead developer, expresses gratitude for collaborating with new partner Zama. The partnership promises enhanced security and privacy for SHIB transactions, igniting excitement in the community.

#SHIBA✅🚀 #SHIBA_INU #Crypto #CryptoNewsFlash #CryptonewswithJack

**Ripple CTO Reveals Painful Truth About XRP's $3.84 'ATH'**

🚨 **XRP's $3.84 "ATH" – Not What You Think!** 🚨

In a surprising revelation, Ripple's CTO **David Schwartz** cleared up the confusion about XRP's alleged all-time high of $3.84, achieved in January 2018. Despite widespread media reports, **Schwartz confirmed** that this price level was inflated due to "Korean exchange rates," also known as the **Kimchi premium**.

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**Here’s the Truth**:

- 🔍 **Korean Exchange Rates**: Schwartz explained that the reported $3.84 was based on rates in South Korean exchanges, where crypto prices often surge above global levels due to local demand.
- 💬 **XRP Couldn’t Actually Be Sold for $3.84**: The CTO emphasized that **XRP was never actually traded at that price**; the inflated value was only due to these skewed exchange rates.
- 🌍 **The Kimchi Premium**: This phenomenon refers to the tendency for cryptocurrencies to trade at higher prices in South Korea compared to other regions, which artificially boosted XRP’s price in 2018.

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**XRP Price Surge: A New ATH on the Horizon?**
XRP has made waves recently, surging **16% to $3.19** in the last 24 hours. With rumors circulating that the **SEC** may drop certain crypto cases after **Gary Gensler's departure** as SEC chairman on January 25, **XRP is making a serious run** toward its past highs – but this time, the price could be much more legitimate.

📈 **Current Price**: As of now, XRP is trading around **$3.10**.

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**Why Does This Matter?**
Schwartz's clarification sheds light on the **real price action** of XRP and dispels the myth of a $3.84 ATH. However, with the recent rally and potential regulatory shifts, XRP could be primed for an even more legitimate breakout. Keep an eye on this one! 🚀
#Ripple #XRPATH #CryptonewswithJack #XRPPricePrediction #DavidSchwartz $XRP

As #Bitcoin ’s price resurfaces above the $98,000 mark, its market cap is closing in on the $2 trillion valuation once again. Over the past 24 hours, Bitcoin has increased by 4.56%, signaling a bullish recovery. 
Amid the BTC price surge, the crypto market is witnessing dramatic rebounds in altcoins, driving liquidations from shorts to $149.46 million. However, the total liquidation has reached $252.67 million, including $103.22 million worth of long-side liquidation.

BTC Price Analysis

In the 4-hour chart, BTC’s price action showcases a double-bottom reversal from the crucial support of the $93,000 level. As predicted in our previous article, BTC bounced back to surpass the $97,000 level with a morning star pattern on the daily chart. 
Currently, the double-bottom reversal in the 4-hour chart is testing the neckline at the $99,000 level. 
The bullish recovery has resulted in a positive crossover between the 20 and 200 EMA lines. Meanwhile, the current price action ranges between 50 and 100 EMAs in the 4-hour chart. 
Furthermore, the 4-hour RSI line has crossed above the halfway level, signaling a boost in buying pressure. Hence, the technical indicators are gradually turning bullish, increasing the chances of a breakout rally. 

#CryptonewswithJack