Coin Prices Today, January 17: Bitcoin Recovers Above $43,000 as Stocks Plunge
👈👈👈U.S. Stocks
The Dow Jones Industrial Average fell on Tuesday as Treasury yields rose and Wall Street digested the latest quarterly earnings reports. The Dow closed down 231.86 points, or 0.62%, at 37,361.12. The S&P 500 lost 0.37% to 4,765.98 and the Nasdaq Composite slipped 0.19% to 14,944.35.
The market was closed on Monday for the Martin Luther King Jr. holiday.
Boeing shares fell 7.9% after Wells Fargo downgraded the stock amid ongoing troubles with its 737 Max 9 aircraft. Meanwhile, AMD shares surged 8.3% after an analyst’s bullish outlook on semiconductor demand. The chipmaker’s stock, which is trying to catch up to Nvidia in the artificial intelligence race, rose to a 52-week high. AMD is scheduled to report earnings on January 30.
Treasury yields rose more than 11 basis points to 4.064% after Federal Reserve Governor Christopher Waller said the central bank may slow the pace of monetary policy tightening more than expected by Wall Street......see more coin88.news

#BTC-ETF. #BTC #coin88 #Ethereum2024

XRP Price Analysis:
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Potential Upside Amid Legal Developments and Market Conditions
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Recent price fluctuations have characterized Ripple’s XRP, with analysts predicting a potential upward trend in the coming months. Legal developments and broader market conditions may play a crucial role in XRP’s growth.
XRP Bulls Remain Optimistic: Despite occasional price surges, XRP has yet to kick off the new year favorably, currently hovering around $0.58 USD, significantly below the peak of over $0.80 USD reached last summer, according to CoinGecko data.
However, analysts believe this trend could shift in the near future. Crypto Rover, a user on Twitter, shared a chart suggesting a significant breakthrough for XRP in the next 8 weeks. Dark Defender also addressed this, claiming that XRP has consistently grown over the past six months and could potentially reach $22.50 USD in the next 10 months.
#XRP #BTC #TrendingTopic #BTC-ETF.

The cryptocurrency landscape is currently undergoing a challenging phase, with the biggest cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), experiencing a price decline. However, recent news has gathered everyone’s attention, as the

Higher Court in Podgorica, the capital of Montenegro, has given the green light for the extradition of Kwon Do-Hyung, a citizen of the Republic of South Korea, based on charges related to crypto fraud. Extradition ruling and charges against Kwon Do-Hyung
The ruling, made on November 17, 2023, followed a request from both the Ministry of Justice of the Republic of Korea and the U.S. Department of State. Do Kwon is the founder of Terraform Labs and the person behind the collapse of $40 billion terraUSD, engaging in fraudulent trading, violating financial market laws, and participating in a conspiracy to commit fraud.

The charges arise from activities involving the sale of goods, buying and selling securities, and the transfer of funds across borders.

In March 2023, Kwon was arrested in the country following being caught at Podgorica’s airport with falsified documents. However, the court’s decision highlighted that Kwon had initially agreed to extradition to South Korea, but due to several extradition requests from different countries, this made it challenging for the law on International Legal Assistance in Criminal Matters.

The Real #Altcoin Rally has not even started 🚨

In 2020, ETH/BTC hit the multi-year trendline support 5 months before the Bitcoin halving, where ETH/BTC & Altcoins both bottomed out.

In 2023, we are seeing something similar, where ETH/BTC has just hit this multi-year trendline support, and Bitcoin halving is just 5 months away.

Price is also consolidating inside a tight triangle. A bounce from here is super bullish for #ETH and Altcoins

Binance's leading position in the cryptocurrency market was shaken after the CZ scandal
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