Home
Notification
Profile
Trending Articles
News
Bookmarked and Liked
Creator Center
Settings
AdnanAlbaloushi
--
Follow
President-elect Trump officially selects pro-crypto Paul Atkins to replace Gary Gensler as SEC Chair.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
See T&Cs.
1
0
Replies
0
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Sign Up
Login
Relevant Creator
AdnanAlbaloushi
@Albaloushii
Follow
Explore More From Creator
This week in the cryptocurrency world has been marked by significant developments: Market Movements • Bitcoin and Ethereum Surge: On Sunday, Bitcoin and Ethereum prices experienced a notable surge, driven by President Donald Trump’s announcement of a U.S. government “Crypto Strategic Reserve.” This reserve aims to include various digital assets, such as Bitcoin, Ethereum, XRP, Solana, and Cardano. However, the rally was short-lived, with prices returning to pre-announcement levels by Monday afternoon.  • Bybit Security Breach: Bybit, a prominent cryptocurrency exchange, suffered a significant security breach resulting in the theft of approximately $1.5 billion worth of Ethereum from its cold wallet. The hacker dispersed the stolen funds across over 40 wallets. Bybit has launched a $140 million bounty to track down the perpetrators and is committed to covering 100% of the stolen assets.  Regulatory and Legal Developments • Coinbase’s Legal Victory: Coinbase is poised for a significant legal win as the SEC is expected to dismiss its case against the exchange. This development is viewed as a major victory for the cryptocurrency industry, potentially setting a precedent for future regulatory interactions.  • SEC Ends OpenSea Probe: The Securities and Exchange Commission has concluded its investigation into OpenSea, a leading NFT marketplace. OpenSea’s CEO hailed this as a victory, emphasizing the platform’s commitment to compliance and transparency.  NFT Market Dynamics • NFT Sales Surge: The NFT market witnessed a 19.6% increase in sales, totaling $152.9 million. Notably, the Doodles collection surpassed Pudgy Penguins in sales, indicating shifting trends and investor interests within the NFT space.  Venture Capital and Investments • Crypto VC Funding: The past week saw substantial venture capital investments in the crypto sector, with gaming, AI, and infrastructure projects attracting nearly $120 million in capital. This trend underscores the growing interest and confidence in blockchain-based innovations. 
--
The cryptocurrency market has experienced a significant downturn recently, influenced by several key factors: 1. Geopolitical and Economic Uncertainty Since President Donald Trump’s inauguration on January 20, Bitcoin has declined over 13%, dropping from $106,000 to $92,000. This decrease is attributed to growing concerns about U.S. geopolitical policies, economic conditions, and rapid policy changes under the new administration.  2. Major Security Breach A recent hacking incident at the Bybit exchange resulted in the theft of $1.5 billion in cryptocurrencies, primarily Ethereum. This event, considered the largest in the industry’s history, led to a 24% decrease in Ethereum’s price and negatively impacted overall market sentiment.  3. Market Volatility and Technical Factors Bitcoin’s price fell from above $84,000 to under $79,000 within hours, later stabilizing around $80,000. This rapid decline triggered a broader selloff in the cryptocurrency market, affecting other major assets like Ether and XRP. Traders are now anticipating further declines, with open interest put options at a $70,000 strike price.  4. Macroeconomic Concerns The Federal Reserve’s monetary policies have led to a $4.1 trillion drop in the global money supply, raising fears of a potential Bitcoin price crash to $20,000. This contraction in money supply exerts additional pressure on cryptocurrency valuations.  5. Regulatory Warnings Hedge fund Elliott Management has cautioned that the U.S. administration’s enthusiasm for cryptocurrencies could be inflating a bubble, potentially leading to significant market disruptions when prices collapse.  These combined factors have contributed to the recent downturn in the cryptocurrency market, reflecting the complex interplay between technological vulnerabilities, economic policies, and investor sentiment. #OnChainAnalysis
--
Technical Analysis: Recent analyses suggest that ORDI has broken a months-old descending trendline, indicating a potential bullish reversal. This shift is supported by the emergence of a bullish divergence and a double bottom reversal pattern. If ORDI surpasses its previous lower high, it could confirm this bullish trend.  However, technical indicators present mixed signals. Some oscillator indicators lean towards a ‘buy’ signal, while moving average indicators predominantly suggest a ‘sell’ signal. Overall, the technical ratings are currently indicating a ‘sell’ signal.  Price Predictions: Forecasts for ORDI’s price vary among analysts: • 2025: Predictions range from a high of $29.81  to €43.49 (approximately $47.89).  • 2027: Estimates suggest prices between $50.88 and $59.50, with an average of $52.31.  • 2030: Projections indicate values ranging from $154.84 to $186.05, averaging around $160.42.  Market Sentiment: The community sentiment towards ORDI is predominantly bullish, with 80% expressing a positive outlook.  Conclusion: While technical analyses offer mixed signals, the long-term price predictions for ORDI are optimistic. However, it’s essential to approach these forecasts with caution due to the inherent volatility of the cryptocurrency market. Investors should conduct thorough research and consider their risk tolerance before making investment decisions.
--
SSV Network (SSV) is a decentralized, open-source protocol designed to enhance Ethereum’s staking infrastructure by distributing validator operations across multiple non-trusting nodes. This approach, known as Secret Shared Validators (SSV), improves decentralization, fault tolerance, and security for Ethereum staking.  As of January 24, 2025, SSV is trading at approximately $19.77, with a 24-hour trading volume of $29.83 million. The circulating supply is around 11.8 million SSV tokens, resulting in a market capitalization of about $232.8 million. The all-time high was $65.91, indicating a significant decrease from its peak.  The SSV token serves dual purposes within the network: 1. Payments: Stakers compensate operators in SSV tokens for managing validator duties. Each operator sets their own fees, fostering a competitive environment. 2. Governance: SSV token holders participate in the decentralized autonomous organization (DAO), influencing decisions such as fee structures and treasury allocations.  The SSV Network aims to provide a secure and scalable staking infrastructure, supporting the development of decentralized Ethereum staking applications. 
--
The cryptocurrency market has experienced significant growth recently, driven by several key factors: 1. Institutional Adoption Major financial institutions are increasingly embracing cryptocurrencies. BlackRock CEO Larry Fink, for instance, has shifted from skepticism to advocacy, envisioning Bitcoin reaching $700,000 as institutional investments rise. He is lobbying for the SEC to expedite approvals for tokenizing bonds and stocks, suggesting this could democratize investing and bolster Bitcoin’s value.   2. Government Initiatives The U.S. government is taking proactive steps to integrate cryptocurrencies into its financial framework. President Donald Trump has signed an executive order aiming to make the U.S. the “crypto capital of the planet,” including forming a working group to explore a strategic national digital asset stockpile and creating a comprehensive regulatory framework for crypto. This move is expected to reduce regulatory uncertainties and promote innovation in the industry.  3. Market Dynamics Supply and demand dynamics play a crucial role in cryptocurrency valuation. With a fixed supply, increased demand leads to higher prices. Recent market activities, such as short liquidations, have also driven prices higher. Over $347 million in crypto positions were liquidated recently, with $212 million being short positions, indicating traders were caught off guard by growing optimism in the market.  4. Corporate Investments Companies like MicroStrategy have made significant investments in Bitcoin, now owning around $48 billion of the cryptocurrency. They funded these purchases mainly by issuing convertible bonds, attracting even conservative investors seeking exposure to Bitcoin with lower risk compared to direct investment. This trend reflects growing corporate confidence in cryptocurrency as a valuable asset class.  These factors collectively contribute to the upward trajectory of the cryptocurrency market, reflecting increased confidence and integration into mainstream financial systems.
--
Latest News
Federal Reserve's Williams Discusses Tariff Uncertainty and Economic Impact
--
Bitcoin(BTC) Surpasses 88,000 USDT with a 1.11% Increase in 24 Hours
--
Belarus President Advocates For Cryptocurrency Mining Expansion
--
Bitcoin(BTC) Surpasses 87,000 USDT with a Narrowed 0.58% Decrease in 24 Hours
--
BNB Surpasses 580 USDT with a Narrowed 0.33% Decrease in 24 Hours
--
View More
Trending Articles
Hey Community! I'm excited to offer FREE $HMSTR coins to e
KH Playz
Elon Musk or Brother?
SnEmroz
BREAKING: BlackRock is going to fork $BTC
Coinaute
🚨 69,892,707 in XRP Transferred to Cb– What's Happening? 🚨
BRITNEY_S
Let's Do Deep Thinking About $RED 🚨This is Just Manipulatio
Deep Thinkers
View More
Sitemap
Cookie Preferences
Platform T&Cs
