cryptocurrencies

Why Bitcoin Is Surging Today? 5 Key Reasons Behind Its $106K Breakout
Bitcoin has hit a new all-time high, soaring past $106,000 and pushing its total value to over $2 trillion.
The surge comes as pro-crypto policies are in motion and MicroStrategy, Bitcoin’s top accumulator, joins the Nasdaq 100 Index, boosting investor confidence for even higher targets like $120,000.
Here Are the Top 5 Key Reasons Why Bitcoin Is up Today
But what’s driving this insane surge let’s just sit back and read on Anthony Pompliano’s take on his video analysis on Bitcoin’s New ATH high.
First, demand for Bitcoin is increasing as more people view it as a reliable way to protect their money. When more buyers enter the market, the price naturally goes up. Pompliano explains as the value of the US dollar drops, investors are looking for better ways to protect their money.
Bitcoin, being a digital form of money that no one controls, is becoming more popular with investors who want to guard their wealth against rising prices and weaker currencies.
Second, Bitcoin has a fixed supply of 21 million coins, which makes it unique. Unlike traditional currencies, no one can create more Bitcoin. This scarcity increases its value over time, especially as demand grows. Moreover, Pompliano explains the typical cycle of demand and supply.
On the other hand, the Federal Reserve is going to cut interest rates again on 18th December to get us to 100 basis points. Further pumping the money supply and adding buying pressure. With limited supply, the price naturally goes up.
Third, big investors, including large companies and financial institutions, are now investing significant amounts of money in Bitcoin. This adds more trust and credibility to the market while injecting large amounts of capital, driving the price higher.
He also highlights that Bitcoin ETFs, approved in January 2024, made it easier for investors to access Bitcoin. Since then, Bitcoin’s price has doubled, with tens of billions of dollars flowing in from Wall Street.
Fourth, global economic uncertainty is pushing people toward Bitcoin. Rising inflation and weakening currencies in many countries make people look for safer places to store their wealth.
Countries like Russia, and Japan are eyeing Bitcoin to stabilize their economy. Since, Bitcoin is seen as a digital alternative to gold, which protects against economic instability.
“December” Brings Hope
Finally, other factors pilling in to push BTC up are comments from Larry Fink, CEO of BlackRock, who has been a vocal advocate for Bitcoin, with the firm recommending a 2% Bitcoin allocation for financial portfolios.
This increased demand, alongside the growth of Bitcoin ETFs, is driving the price higher.
Plus, recently Trump’s plans to create a Bitcoin Reserve also created ripples in the market with high expectations of creating it a mainstream financial investment option on a global scale.
#Bitcoin #cryptocurrencies #AltcoinSeason #cryptomarket #CryptoNews

While most altcoins are striving to maintain their bullish momentum, Toncoin continues its downward spiral. Since the arrest of Telegram's CEO, the price decline of TON seems relentless.
Over the past week, Toncoin has lost 22.7% of its value, breaking below the critical $4 support level. Currently, it is trading at $3.78, reflecting a 2.71% decline in the last 24 hours.
Continued Downtrend: Will Toncoin Fall Below $3.50?
With increasing market uncertainty, investors are questioning whether Toncoin will extend its losses below $3.50 or stage a recovery.
Weekly Chart Analysis: Toncoin Loses Key Support Levels
Looking at the weekly chart, Toncoin has broken out of a bullish flag pattern. Last week alone, it dropped 17.64%, losing its trendline support and falling below the 100-week exponential moving average (EMA).

The downtrend deepened as Toncoin hit a seven-day low of $2.99, indicating extreme selling pressure. However, after this dip, Toncoin managed to rebound to $3.78.
Despite this short-term recovery, technical indicators remain bearish. The MACD indicator has formed a bearish crossover, while the negative histogram bars continue to increase, confirming strong bearish dominance in the market.
Short-Term Outlook: Signs of Recovery in the 4-Hour Chart?
On the 4-hour chart, Toncoin appears to be stabilizing above the $3.70 level and forming a descending triangle pattern. This pattern suggests a possible breakout opportunity.

Moreover, the 4-hour MACD and signal lines are trending positively, hinting at a short-term attempt at recovery. If Toncoin successfully breaks above the 20-week EMA and the upper trendline, it could trigger a rally towards $4.
On the other hand, if the descending triangle pattern breaks downward, Toncoin could plunge to the psychological support level of $3.
Whale Activity: A Bearish Signal for Toncoin?
As the bearish sentiment around Toncoin intensifies, crypto analyst Ali Martinez has raised another red flag. In a recent post on X, Ali highlighted that over 1.43 million Toncoins have been moved out of whale wallets in the past week.

This massive outflow suggests declining confidence among large investors, which could accelerate further price declines. If market volatility persists, Toncoin could easily break below critical support levels.
Conclusion: Will Toncoin Drop Below $3.50 or Recover?
If Toncoin fails to reclaim the 20-week EMA, the next major support level sits at $3.00. A continued bearish trend could push prices even lower.
Conversely, if bulls regain control, Toncoin could break above the upper trendline and target a recovery towards $4.
Overall, Toncoin is at a crucial juncture, and the coming days will be key in determining its next direction.

#Toncoin , #CryptoPredictions , #CryptoAnalysis , #TON , #cryptocurrencies

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

🚨 Market Analysis (Based on Bitcoin's Movement): January 2025 – Are We on the Verge of a Major Shift?
The cryptocurrency market continues to test its resilience at the start of January 2025, and this month could be more than just a turning point for the market overall. Let’s dive into the details and analyze the situation from a deeper perspective.
1. The Notable Decline Since Early January 2025: 📉
As I mentioned earlier in some live streams, a decline was expected at the start of January, and now we’re clearly seeing the impact of this drop. The market has been under pressure since the first days of the year, and this trend may continue until the end of the month, raising many questions about whether this decline is just a correction or the beginning of a long period of downturn? 🤔
2. The $100,000 Barrier – Its Psychological Impact on the Market: 💥
The $100,000 barrier for Bitcoin goes beyond being just a psychological number. It represents a critical testing point, where the market experiences significant pressure when approaching this level. The rapid rise of Bitcoin to this price was unexpected for many, and following that, we saw a sharp pullback, further confirming the psychological role this level plays in determining market direction.
Psychologically: Traders often experience psychological pressure as prices near such levels, leading to swift actions like selling or freezing while awaiting clear signals. ⚡
Economically: These points become sensitive zones for large investments entering or exiting the market, amplifying volatility. 💰
3. The Drop to $90,000 – A Turning Point? 🔽
On January 10th, 2025, Bitcoin dropped to $90,199, its lowest point since November 2024. This level represents key support, which could dictate the price direction in the upcoming period. Some might consider this decline a sign of market collapse, but looking at the technical analysis, this dip might be seen as a buying opportunity before the next big move. These drops are not the end of the road; they could signal the beginning of a new phase. 🚀
4. Daily Fluctuations – Between $90,000 and $95,000: 🔄
Despite the ongoing decline, daily fluctuations between $90,000 and $95,000 reflect a state of indecision in the market. These ranges might see accumulation as traders hesitate to make quick decisions and enter a waiting mode. Technically, these fluctuations offer buying opportunities for those with patience and a long-term vision. 🕒
5. Future Outlook – February 2025: 🌟
Looking ahead, we see that the end of January may mark the start of new fluctuations, with the market likely stabilizing gradually.
Psychologically: Traders might struggle to make decisions due to ongoing volatility, creating an atmosphere of caution and anticipation. ⚖️
Technically: If Bitcoin successfully breaks the $95,000 level and establishes support above it, we could witness a new bullish move that could surprise everyone. 📈
6. Is This the Right Time to Invest? 💡
If you’re considering investing in Bitcoin right now, this could be the perfect moment. Despite the downturns, Bitcoin remains a promising long-term opportunity, and the next market movement is likely to be surprising. If you’re thinking of buying now, don’t fear the fluctuations; the upcoming period may be more exciting than ever. 🎯

🔮 Summary: The market is currently in a critical phase, but since we’re still at the beginning of January 2025, these declines may just be a correction. If you have the capacity to hold and invest for the long term, this could be the opportunity you've been waiting for. ⏳
🗣 What do you think of this analysis? Do you expect Bitcoin to rise again in February?
Share your thoughts in the comments! 💬
#bitcoin #MarketAnalysis #cryptocurrencies #InvestmentOpportunities #FutureOfCryptos
$BTC
$ETH
$BNB

U.S. spot bitcoin ETFs posted record net outflows of $680 million on Thursday, breaking a 15-day streak of positive flows of $6.7 billion.

The U. S. Securities and Exchange Commission approved the applications of NASDAQ and Cboe BZX to list and trade shares of crypto-index ETFs Hashdex and Franklin Templeton, respectively.
U. S. Federal Reserve Chairman Jerome Powell on June 2, After hawkish comments about slowing the pace of interest rate cuts in 2025, the #cryptocurrency market continued to fall.
Meanwhile, the CEOs of Deribit and Bitget are discussing the coexistence of decentralized and centralized exchanges.
In addition, CoinDesk employees wrote a letter to the owner of Bullish, calling Justin Soon's retraction of the article
outrageous
, in anticipation of the dismissal of management.
Let's get started. The record for daily outflows to date stands at a whopping 563.7 million, set on May 1, when the coin dropped to around $BTC Fidelity's FBTC recorded an outflow of more than $208 million on Thursday, followed by Greyscale's #Bitcoin Mini Trust with more than $188 million. BlackRock's IBIT reported zero inflows, while WisdomTree's BTCW was the only #ETF to record inflows of $2 million.
Amid the biggest bitcoin sell-off since August, trading in 12 bitcoin-spot ETFs Volume jumped to $6.3 billion from $5.9 million the day before.
Meanwhile, the Ethereum U. S. ETF recorded net outflows of $60.5 million on Thursday, ending an 18-day positive period of $2.4 billion.
Initially, the fund will hold bitcoin and ether, but other #cryptocurrencies could be added if regulators approve. Hashdex suggested AVAX, LINK and LTC as potential options
The launch could happen in January. The possibility is there, said Eric Bartunas, an ETF analyst at Bloomberg. It's notable that Hashdex and Frankie will be the first to launch. That's a good thing, he said.

For now.
Read us at: Compass Investments
#CompassInvestments

Analysts believe that MATIC's growth may continue.

Active addresses and volume have increased, indicating bullish sentiment.
According to crypto trader Rekt Capital, #Polygon [MATIC] could grow even more than it is now. However, the analyst noted that the expected growth is stacked against resistance at $BTC In a note, Rekt Capital noted that Polygon's native tokens could experience high volatility if they pass through resistance. High volatility means that if momentum is bullish, MATIC's price could rise above US$BTC At the time of going to press, #MATIC was trading at US$1.25 and has risen 10% over the past seven days. AMBCrypto checked Polygon's on-chain volume and noticed that it is rising.
At the time of writing, the volume stands at 1 billion. Combined with the rising price, one can conclude that MATIC could go higher.
However, traders should keep an eye on the possibility of change. If volume declines amid rising prices, the bullish trend could weaken.
If this happens, MATIC's northward movement could stop. On the other hand, if volume continues to rise along with the price, the token could break through the USD 1.34 resistance.
As for the volume in circulation, AMBCrypto found that it is declining. At the time of publication, Polygon's daily circulation had fallen to 32.23 million copies. Circulation volume tracks the number of tokens involved in transactions over a certain period of time.
It also serves to estimate the potential price of #cryptocurrencies . When the circulation volume increases, the selling potential increases. This means that the price of tokens may fall. However, a decrease in circulation volume can also be bullish, as the selling pressure may be less.
In the case of MATIC, this is exactly the case. If the number of tokens in use continues to decline, prices could rise. Another indicator is the active address.

Read us at: Compass Investments
#CryptoUpdates #DigitalCurrency

Throughout its history, bitcoin (BTC) has been repeatedly declared a failure and doomed by critics and skeptics. Interestingly, the last time the bitcoin price rose by $21,000 was in 2024.

Since 2010, #bitcoin has "died" 476 times, from traditional financial investors to business owners, government agencies and other influencers. This data comes from the 99Bitcoins obituary.
Major #cryptocurrencies have been declared dead once in 2024. Specifically, a blog post by the European Central Bank (ECB) stated that "bitcoin has collapsed. " At the time, #BTC was trading at $51,304, but it is now up more than 40% to $ 73,000 at the time of publication.
Read us at: Compass Investments
#CompassInvestments #GlobalCrypto

Bitcoin Cash (BCH) made an amazing comeback on Easter Eve, returning to the top 15 most valuable cryptocurrencies by market capitalization BCH added nearly $3 billion to its market capitalization in one week, doubling its price in one month.

The old powerhouse of #cryptocurrencies made a stunning comeback, regaining the 14th position in the CoinMarketCap index. #BTC Cash now sits between Polkadot (DOT) in 13th place and Chainlink (LINK) in 15th.
Notably, over the past seven and 30 days, #BCH has risen in price by nearly 30% and 95%, respectively. At the time of writing, #BTC Cash is trading at $602.76 and has a market value of $ 11.86 billion.
Read us at: Compass Investments

Nearly all cryptocurrencies in the Coindesk Market Index have risen in the past 24 hours, and the rise has been broad-based.

QCP Capital noted that funding rates for some altcoins and mymcoins have turned deeply negative and could rise quickly in a short squeeze.
The #cryptocurrency market rallied on Monday, with #bitcoin (BTC) nearing the $67,000 mark as fears of a deepening correction eased.
Bitcoin, whose new supply halved over the weekend for the first time in four years, has risen more than 3% in the past 24 hours and recently traded at $66,500. Ether (ETH) is holding near the $3,200 mark, but has lagged gains of 1.5% over the same period.
Strong cryptocurrency performance has been widespread, with 163 of the 173 #cryptocurrencies in the Coin Desk Market Index (CMI) recording positive daily returns. The broad-based Coin Desk 20 Index (CDI) rose more than 3% in a single day, thanks to a 15% rise in the blockchain's proprietary tier one token Near Protocol (NEAR).
The rebound also spread to digital asset-related stocks, with shares of cryptocurrency exchanges Coinbase (COIN) and MicroStrategy (MSTR) up 7% and 12%, respectively.
Listed miners Riot Platforms (RIOT) and Hat8 (HUT) were up 15-20%, while shares of Marathon Digital (MARA) were up 6% for the day on expectations of improved corporate earnings due to rising trading fees, which are becoming an important source of revenue for miners.
Markus Thielen, founder of 10x Research, told CoinDesk TV on Thursday that Bitcoin's halving "is not a bullish event" and warned that the market is headed for a downturn in the coming months, with deeper corrections ahead. The main reason, he said, is that miners are selling $5 billion worth of #BTC inventory and maintaining stability amid declining revenues.

In the short term, we may see a short squeeze led by altcoins and mimcoins," according to QCP Capital.
Read us at: Compass Investments
#MarketInsights

There's no denying that Vietnam is frequently cited as the perfect case study for crypto adoption. With over 20% of its population owning some type of digital asset, the country uses #cryptocurrencies to compensate for the lack of access to traditional banking services.
In Vietnam, the use of crypto assets is intrinsically linked to play-to-earn games and P2P payments, and the local economy has embraced stablecoins (stable currencies pegged to the dollar) as a tool for preserving purchasing power, making digital transactions as common as the use of paper money in major centers like Ho Chi Minh City.
$SHIB

Entrepreneur Calls for a National BTC Reserve
A Dutch entrepreneur recently addressed an open letter to the Dutch government, urging the creation of a national Bitcoin reserve. The letter, sent to a Dutch minister, government officials, and the leadership of De Nederlandsche Bank (DNB), proposed that the Ministry of Finance redistribute part of its gold reserves and invest in Bitcoin (BTC) instead, as reported by BSCN.

Bitcoin as a Solution for Stability
The entrepreneur emphasized that BTC could play a vital role in ensuring economic stability and sovereignty for the country. He described Bitcoin as “hard money” with a limited supply, protected from political manipulation due to its decentralized technology. He further argued that in today's environment of rampant inflation and increasing debt, Bitcoin offers a viable solution.
Growing Global Recognition of Bitcoin
The letter also highlights Bitcoin's growing recognition as a significant asset globally. Jerome Powell, the chairman of the U.S. Federal Reserve, has referred to Bitcoin as a rival to gold. Additionally, BlackRock, the world’s largest asset manager, has projected significant adoption of Bitcoin in the future, citing its potential as a global financial alternative.
Strategic Opportunity for the Netherlands
The entrepreneur urged Dutch officials to seize the opportunity and establish a Bitcoin reserve as a strategic move for the country's future. This initiative could strengthen the economic security of the Netherlands and lay a solid foundation for its financial future.
By creating a Bitcoin reserve, the Netherlands could join other European nations that are actively integrating digital currencies into their financial systems. This move could position the country as a leader in the rapidly evolving world of digital finance.

#Bitcoin❗ , #digitalassets , #BTC☀ , #CryptoNewss , #Cryptocurrencies

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“