The superior payment solutions for Ripple’s XRP have been all over the news lately, with massive price shifts and regulatory developments. One more revolutionary trading platform that has gained many followers is the DTX Exchange, as this is hybrid at its best; it combines the best of centralized and decentralized exchanges. XRP had surged impressively as it soared in value by about 600% since November, supported by an optimistic posture and increasing investor interest. On the other hand, DTX Exchange is breaking records with its presale, attracting over $12 million in funding and surpassing 500,000 registered wallets. Cryptocurrencies give investors a golden opportunity since they are evolving and, therefore, are volatile for opportunities as far as they get into the next bubble that will rush into crypto. XRP Price Surges With Regulatory Wins The recent XRP price surge is primarily attributed to Ripple Labs’ regulatory victories and the anticipation of lighter oversight under new leadership. The cryptocurrency has shown impressive resilience, with its market cap reaching $177 billion and a trading volume that has outpaced Bitcoin and Ethereum on platforms like Coinbase. Analysts predict that the XRP price could reach new highs, with some forecasts suggesting a price of $10 or even $15 by mid-2025. This optimism is fueled by technical indicators such as a balanced RSI and increased utility from Ripple’s stablecoin, RLUSD. The potential for XRP to become a strategic reserve asset, especially with institutional adoption, further solidifies its position in the digital economy. However, ongoing legal battles with the SEC remain challenging, though recent court rulings have clarified and relieved Ripple. DTX Exchange: The Hybrid Trading Revolution Soaring upward with the latest development in the market hybrid model, DTX Exchange is heading exclusively, offering forex, stocks, ETFs, and cryptocurrencies all under one roof. It can open doors to trading over 120,000 financial products at 1000x leverage. With such excellent services available, both newcomers and seasoned investors have the potential to be attracted to it. Through integration with the Phoenix Wallet and the upcoming distribution of tokenized ETFs, ETP will attract investor interest. With over 300,000 wallet addresses and a testnet showcasing impressive transaction speeds of 200,000 transactions per second, DTX Exchange is rapidly gaining popularity. Now that its price is going at $0.14, it is expected to reach $0.16, which results in an enormous potential to get returns for initial investors. As DTX prepares for its official launch in Q1 2025, it will become a major player in the crypto and traditional financial markets. The Rise of DTX: A Potential XRP-Killer? DTX Exchange is growing as much as anticipated, proving favorable and more prospective than classic cryptos such as XRP. Its hybrid model resolves quite a few challenges that traders meet in terms of higher costs and limitations in various assets, providing more of a complete trading experience. Even after listing, DTX has very good chances to recall history as a massive pump, and the presale has been very successful so far, along with increased user deposits in its base. Investors are drawn to DTX for its innovative platform, governance rights, and profit-sharing opportunities. Larger DTX holders can participate in the rebate program, providing a tangible investment incentive. As the crypto market continues to evolve, platforms like DTX Exchange will likely play a crucial role in shaping its future. Conclusion With a rapid rise in XRP prices and the positive outcome of regulatory battles, even better market positioning is expected shortly. At the same time, DTX Exchange will appeal to investors due to the intrinsic nature of the ‘hybrid’ model and early success rates in the presale area. Both create unique opportunities for those planning to ride the next wave of the crypto space. Keep an eye on XRP and DTX in 2025; it could be a tip for any investor, whether experienced or just stepping into the market. For more information, visit the DTX Website, Buy Presale, or Join The DTX Community. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Mark Cuban, American entrepreneur has announced an interest to launch his memecoin. The success of Donald Trump and Melania Trump’s memecoins have inspired others in the community. With Donald Trump’s inauguration, as President the whole of the USA has gone into a frenzy. This event has directed winds into our crypto sector through memecoins. In the past few days, Trump and his wife Melania launched their official memecoins which saw mind-boggling trading volume and price hikes. The success rate of the TRUMP and MELANIA coins have drawn significant attention. Subsequently, the political leaders have sparked an idea for other top personalities in diverse fields. Mark Cuban, entrepreneur, and well-known TV personality, has taken a fancy to the idea of memecoins. In a recent X post, he floated the idea of launching his own memecoin, but “with a twist”. He said that all the revenue generated from the token will be donated to the US treasury. This Mark Cuban states is a contribution to pay off the US debt. Cuban’s X post sparked quite a debate among community members. Jupiter Exchange offered to help him on the tech side if he planned to act on the idea. Others discussed how the TRUMP token is also currently donating revenue to the US Bitcoin Reserve. How is Mark Cuban Outlining His Memecoin Idea? Cuban stated that his memecoin would follow the same terms as Trump’s but would have a 20% float allocation. Additionally, as aforementioned, he also plans to donate the revenue earned to the US treasury. Furthermore, when questioned about how he would maintain transparency, the entrepreneur stated that he could just ‘publish the wallet address”. In this manner, all transactions will be public knowledge ensuring the said transparency. On the other hand, while such memecoin ideas have taken to the spotlight, the mainstream crypto market also saw waves. These waves resulting from Trump’s inauguration saw Bitcoin hit a new all-time high over the past day. Several altcoins such as XRP continued their bullish endeavours as per CMC data. Highlighted Crypto News Today: BC Wong Appointed CEO of KuCoin, Strengthening Global Expansion and Compliance

Analog has announced the launch of its $ANLOG token via a Liquidity Bootstrapping Pool (LBP) on Fjord Foundry, providing fair access to the interoperability asset. Beginning at 6:00 AM CET on January 21, 2025, and ending at 5:59 AM on January 23, the LBP will provide participants the opportunity to purchase $ANLOG at a price decided by community-driven discovery. At the Analog Token Generation Event (TGE), all tokens purchased during the sale will be completely unlocked, providing contributors with instant access. Fjord Foundry was selected by the Analog team due to its distinctive LBP infrastructure, which guarantees equal access and fair prices. By distributing $ANLOG in a transparent manner, this mechanism allows community members to obtain the utility token before utilizing it to interact directly with Analog’s Layer-0 network. The $ANLOG token sale guarantees complete price transparency by using Fjord’s LBP mechanism. Demand for the token is determined by contributors, who take into account the state of the market at the time as well as their assessment of Analog’s interoperable infrastructure. Analog’s choice to use an LBP for $ANLOG is consistent with its mission to create a fair and open ecosystem where developers and end users can take advantage of a completely interoperable protocol. Because of their guaranteed allocation and community-focused distribution process, LBPs have gained popularity as a token sale mechanism. Fjord Foundry has a remarkable history of hosting LBPs for projects that go on to achieve notable success. The $ANLOG token facilitates smooth cross-chain data and transaction flow because it is deeply integrated into Analog’s flagship Timechain solution. As a growing number of developers and validators support Analog’s progress, the Fjord LBP provides another way for people to get involved with Analog’s vision for a scalable, interconnected web3. Fjord’s LBP gives participants the ability to dynamically determine a token’s value through its fair pricing mechanism. As the price of $ANLOG is determined by the total number of contributors, it offers a special opportunity to help Analog create a decentralized and interoperable ecosystem. Analog serves as a safe, one-stop center for cross-chain and multi-chain interoperability. It makes it possible for developers to create and implement dapps that function flawlessly across all chains. Analog is well-positioned to simplify the multi-chain experience as a natively chain-agnostic protocol, enabling users and dapps to extend to new blockchain networks. A community-focused platform, Fjord specializes in matching creative projects with active supporters. It provides a range of token sale options, such as Liquidity Bootstrapping Pools (LBPs), and is based on the principles of equity and openness. Fjord’s objective is to democratize access to early-stage possibilities for the community of supporters, while also enabling projects to bootstrap liquidity in a smooth and clear way. How To Participate On January 21, 2025, the LPB will go live on Fjord Foundry if you want to participate. To participate, click the following link. Visit https://app.fjordfoundry.com/token-sales/0x34039FfB458BE16AE55015AC7bC730B2d253388a to find out more.

In a chart shared by crypto analyst Ali Martinez, XRP has broken out of a descending channel commonly identified as a “bull flag,” signaling a potential continuation of its recent upward trend. The move sets the stage for a push toward $4.40, based on Fibonacci extension levels. XRP Price Eyes $4.40 According to the two‐hour Binance chart provided, XRP initially rallied from roughly $2.3374 on January 13 to a local high of $3.3509 by January 17, marking a swift rise that established the so‐called flagpole. After reaching this local high at $3.3509, the price shifted into a consolidation phase, moving within a downward‐sloping channel from January 17 through January 19 and briefly dipping below the 0.786 Fibonacci retracement level at $3.1021 before rebounding. The breakout above the channel’s upper boundary, which transpired around $3.20 on January 20, is seen as a classic confirmation of a bull flag. A bull flag pattern comprises two key segments: the rapid, nearly vertical ascent (flagpole) and the subsequent, more gradual consolidation (flag). When an asset’s price closes decisively above the upper trendline of the flag, traders generally interpret it as a signal that the prior uptrend is likely to resume. In this specific setup, the distance of the flagpole is measured from the swing low at $2.3374 to the swing high at $3.3509, which yields a gain of about $1.01. Analysts then add that distance to the breakout level near $3.20 to approximate a price target in the $4.20 region. Martinez’s chart, however, also includes Fibonacci extensions that provide more granular potential targets, anchored at 0% ($2.3374) and 1 ($3.3509). These extensions appear at 1.272 ($3.6958), 1.414 ($3.8889), 1.618 ($4.1863), and 1.786 ($4.4475). The analyst cites $4.40 as the primary bullish objective, aligning closely with the 1.786 extension level. As per Martinez’s chart, XRP traded near $3.29, hovering just below the local high at $3.3509. If the cryptocurrency can hold above the breakout zone and ultimately surpass $3.3509, the chart’s technicals suggest a potential climb toward successive extension levels in the high $3 range and ultimately toward $4.40. The significance of the $4.40 target lies in its convergence of Fibonacci analysis with the classic bull flag projected move, giving traders a clear upside marker to watch for continued momentum. While short‐term fluctuations are always possible in volatile crypto markets, the breakout from the flag consolidation has offered a notably bullish signal, contingent on XRP’s ability to maintain support around $3.20 and build enough volume to breach the $3.3509 threshold. Notably, XRP couldn’t defend the breakout. At press time, XRP fell back into the channel and traded at $3.06. Thus, XRP bulls need to step up one more time to revalidate the scenario.

As the new crypto-friendly administration takes office, crypto investors expect a likely volatile market. However, some analyst shared their bullish predictions as Bitcoin (BTC) hit its latest all-time high (ATH) of $109,000. Bitcoin Hits New ATH On Inauguration Day Last week, Bitcoin surged past the $100,000 barrier for the first time in over ten days amid the bullish expectations of January 20. The flagship crypto continued consolidating above this key level over the weekend, fueled by US President Donald Trump’s latest crypto moves. On Friday, the incoming US President surprised the crypto industry by launching his official TRUMP memecoin. The token saw a massive surge, hitting a $75 all-time high (ATH) and a market capitalization of $15 billion but facing significant backlash from the crypto community. As the token eclipsed the market, Bitcoin turned the key $102,000 resistance level as a support zone, propelling the price to a one-month high of $106,000. However, the market saw a 6% correction on Sunday afternoon after the then-incoming First Lady launched her memecoin, MELANIA. BTC dropped below the $100,000 mark before quickly recovering, closing the week near the recently reclaimed level. Ahead of Trump’s inauguration, Bitcoin’s price jumped 8.5% to its new all-time high of $109,588. Daan Crypto Trades noted BTC’s good start to the week after it “opened up with a small CME gap today but closed that straight away and went straight to new all-time highs,” adding that it will be an interesting week. Daan also signaled that today would likely be a “very volatile day in both directions” for the market but advised investors to “focus on what you expect for Q1 and not the next day.” BTC Price To Continue Soaring? Crypto analyst Altcoin Sherpa suggested that BTC’s price could see short-term volatility depending on Trump’s comments during his Inauguration speech. “If a Strategic Bitcoin Reserve is announced, I think BTC puts in a god candle, and everything sends,” he stated, adding that a lack of mention could start a momentary pullback. Despite the potential short-term shakeouts, some analysts highlighted that Bitcoin is entering a new price discovery phase. Rekt Capital stated, “History suggests this first Price Discovery Correction is now over.” According to the analyst, the December retrace was part of BTC’s “post-halving Parabolic Upside Phase.” Bitcoin enters a parabolic period that lasts around 300 days, each cycle after every Halving event, with the first price correction historically beginning between Weeks 6 and 8 of each parabolic phase. After the recent price action, the analyst announced the second Price Discovery Uptrend lies ahead. He explained that “Bitcoin is now trying to breakout from its $101k-$106k range Daily Close above the $106k Range High resistance followed by a post-breakout retest would confirm the breakout and bring Bitcoin one step closer to additional Price Discovery.” Analyst Crypto Jelle highlighted BTC’s multi-year cup and handle pattern, which “looks like Bitcoin wants to get it over with.” The analyst suggested that the flagship crypto won’t “be waiting much longer,” adding that the long-term target remains $140,000. As of this writing, Bitcoin trades at $104,564, a 1% drop in the daily timeframe.

Dogecoin started a downside correction from the $0.4050 zone against the US Dollar. DOGE is now consolidating and might attempt a fresh increase if it clears the $0.3680 resistance. DOGE price started a fresh decline below $0.4050 and $0.380. The price is trading below the $0.3750 level and the 100-hourly simple moving average. There is a major bearish trend line forming with resistance at $0.3650 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.3650 and $0.3680 resistance levels. Dogecoin Price Dips To Support Dogecoin price started a fresh decline from the $0.4050 resistance zone, unlike Bitcoin and Ethereum. DOGE dipped below the $0.400 and $0.380 support levels. It even spiked below $0.350. A low was formed at $0.3380 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $0.3860 swing high to the $0.3380 low. There is also a major bearish trend line forming with resistance at $0.3650 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.3750 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.3650 level and the trend line. The first major resistance for the bulls could be near the $0.3680 level or the 61.8% Fib retracement level of the downward move from the $0.3860 swing high to the $0.3380 low. The next major resistance is near the $0.3750 level. A close above the $0.3750 resistance might send the price toward the $0.3860 resistance. Any more gains might send the price toward the $0.40 level. The next major stop for the bulls might be $0.420. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.3750 level, it could start another decline. Initial support on the downside is near the $0.340 level. The next major support is near the $0.3380 level. The main support sits at $0.3250. If there is a downside break below the $0.3250 support, the price could decline further. In the stated case, the price might decline toward the $0.3020 level or even $0.300 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.3380 and $0.3250. Major Resistance Levels – $0.3650 and $0.3750.

XRP price started a fresh increase above the $3.250 level. The price is holding gains and might start another increase if it clears the $3.180 resistance. XRP price traded toward the $3.35 level before it corrected some gains. The price is now trading below $3.20 and the 100-hourly Simple Moving Average. There is a key rising channel forming with support at $3.0650 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $3.00 support. XRP Price Holds Support XRP price managed to start a fresh increase above the $3.050 and $3.150 resistance levels. The price even cleared the $3.20 resistance level, but underperformed Bitcoin. A high was formed at $3.3625 before there was a downside correction. There was a drop below the $3.15 level. A low was formed at $3.00 and the price is now recovering. There was a move above the $3.050 level. The price cleared the 23.6% Fib retracement level of the downward move from the $3.3625 swing high to the $3.00 low. The price is now trading below $3.20 and the 100-hourly Simple Moving Average. There is also key rising channel forming with support at $3.0650 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $3.180 level or the 50% Fib retracement level of the downward move from the $3.3625 swing high to the $3.00 low. The first major resistance is near the $3.225 level. The next resistance is $3.350. A clear move above the $3.350 resistance might send the price toward the $3.450 resistance. Any more gains might send the price toward the $3.50 resistance or even $3.550 in the near term. The next major hurdle for the bulls might be $3.650 and a new all-time high. Another Downside Correction? If XRP fails to clear the $3.20 resistance zone, it could start another decline. Initial support on the downside is near the $3.0650 level. The next major support is near the $3.00 level. If there is a downside break and a close below the $3.00 level, the price might continue to decline toward the $2.880 support. The next major support sits near the $2.750 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $3.0650 and $3.00. Major Resistance Levels – $3.180 and $3.220.

Undoubtedly, Bitcoin has seen significant growth over the past years both in market price and as a network, solidifying its reputation as a considerable financial haven. Adding more credibility to this fact, a CryptoQuant analyst known as Gaah recently highlighted a notable trend: a large volume of Bitcoin—roughly 1 million BTC—has been withdrawn from crypto exchanges over the past three years. This trend reflects not only the increasing recognition of Bitcoin as a financial asset but also a notable shift in investor behavior. It also suggests a changing dynamic in how market participants view and use the asset in recent years. What It Means For The BTC Market Gaah’s analysis points to a clear trend: approximately one million BTC have been withdrawn from exchanges over the past three years. This pattern reflects a growing preference among investors to hold Bitcoin off-exchange, a strategy that often signals long-term confidence in the asset’s value. Gaah wrote: Gaah also highlighted that the trend first gained attention in November 2022, when significant outflows coincided with a period of market weakness. Investors appeared to be accumulating Bitcoin in anticipation of a notable recovery. Now, two years later, a similar wave of withdrawals is occurring, but this time against the backdrop of Bitcoin trading near historic highs. Gaah noted: It is worth noting that by reducing liquidity on exchanges, these withdrawals can also decrease selling pressure, providing support for Bitcoin’s price during market corrections. However, the analyst mentioned: Bitcoin Market Performance Meanwhile, BTC has so far been on a rollercoaster ride since the year began. After initially beginning the year with an increase, BTC was quick to face correction which left investors in despair. However, as of today, the asset is now back in a bullish action. In the early hours of Monday, Bitcoin saw a notable surge renewing its all-time high after a breach above $109,000. This has caused the asset’s weekly performance to enter a double-digit gain. However, at the time of writing, there has been a slight retracement with BTC now trading at $104,782, marking a 0.1% decrease in the past day. Featured image created with DALL-E, Chart from TradingVIew

Ethereum price remained below the $3,500 resistance while Bitcoin rallied. ETH is consolidating above $3,120 and facing many hurdles. Ethereum failed to gain pace for a close above $3,450 and corrected gains. The price is trading below $3,300 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $3,370 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,325 resistance level. Ethereum Price Stuck In A Range Ethereum price started a decent upward move above the $3,300 level but upsides were limited compared to Bitcoin. ETH failed to gain pace for a close above $3,450 and corrected gains. There was a move below the $3,320 and $3,300 support levels. A low was formed at $3,203 and the price is now consolidating losses. There was a minor increase above the $3,240 level. The price tested the 23.6% Fib retracement level of the recent drop from the $3,444 swing high to the $3,203 low. Ethereum price is now trading below $3,300 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,260 level. The first major resistance is near the $3,320 level or the 50% Fib retracement level of the recent drop from the $3,444 swing high to the $3,203 low. The main resistance is now forming near $3,350. There is also a short-term contracting triangle forming with resistance at $3,370 on the hourly chart of ETH/USD. A clear move above the $3,370 resistance might send the price toward the $3,450 resistance. An upside break above the $3,450 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,500 resistance zone or even $3,550 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,325 resistance, it could start another decline. Initial support on the downside is near the $3,200 level. The first major support sits near the $3,150. A clear move below the $3,150 support might push the price toward the $3,120 support. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,200 Major Resistance Level – $3,325

This week’s trading landscape presents crucial developments for investors scouting the top crypto to buy. Cardano’s volume has escalated by 60% in the past day, surpassing the $1 billion threshold. In contrast, Binance Coin (BNB) news reveals that BNB encounters a downturn following the U.S. Supreme Court’s rejection of Binance’s appeal, allowing a significant class-action lawsuit to proceed. Moreover, BlockDAG (BDAG), with a robust $182 million in presales, introduces an enticing, limited-time Affiliate Program. This program offers a 10% instant cashback for each purchase made via referral links, with no cap on transactions, available for just 6 more days. Cardano Volume Climbs 60%, Eyeing Further Growth Cardano’s volume has risen dramatically, up 60% in the last day, driving its market valuation above $1 billion. This increase from $0.89 to $0.96 per ADA suggests robust buying activity. Should this trend persist, ADA might aim for a rally toward $2, beginning with a short-term target of $1.24, its peak for 2024. However, a retreat in buying enthusiasm could undermine this trajectory, potentially driving prices down to under $0.88. Binance Coin News: BNB Legal Challenges Intensify Recent updates reveal that the U.S. Supreme Court has denied Binance’s appeal, which permits a lawsuit to challenge the cryptocurrency exchange. This decision led to a significant price fall for BNB, evidenced by $1.9 million in long position liquidations. The lawsuit, initiated in 2020, accuses Binance of selling securities without the required U.S. registrations. Despite Binance’s defense of its compliance practices, the Manhattan Appeals Court affirmed that U.S. securities laws are applicable, injecting uncertainty into BNB’s market behavior. Future SEC leadership shifts could further influence BNB’s legal landscape. Earn 10% Instant USDT Cashback Through BlockDAG’s Affiliate Program BlockDAG has set a new standard with its current limited-time affiliate program, offering unrestricted USDT cashback rewards. To participate, users simply share their unique referral link, enabling both the referrer and referee to gain a 10% instant cashback on each transaction, directly deposited into USDT-compatible wallets. For instance, should a new participant secure $1,000 in BDAG coins via a referral link, both the referrer and the referee would earn $100 in USDT cashback, enhancing the incentive to engage with the BDAG platform. Currently, BlockDAG’s presale has reached an impressive $182 million milestone. With the price set at $0.0248 in the current presale batch 27, analysts predict BDAG could reach $1 by 2025, marking it as one of the top cryptos to buy. Early adopters have experienced a 2380% ROI, demonstrating BlockDAG’s substantial profit capabilities. As the presale advances toward its $600 million goal and the $1 mark nears, potential buyers are advised to consider the benefits of participating soon. The affiliate program continues to underline BlockDAG’s community-centric approach, offering a valuable opportunity to acquire a promising asset while boosting USDT income. With only 6 days remaining and batch 27 nearly depleted, prompt action is recommended. Top Crypto to Buy Today! The current upswing in Cardano’s trading volume and valuation indicates strong buyer interest, with potential for additional gains. Conversely, Binance Coin faces potential volatility due to ongoing legal proceedings. Amid these market dynamics, BlockDAG stands out as one of the top cryptos to buy, especially with its limited-time offer that provides substantial USDT cashback. With the affiliate program concluding in just six days, swift action is recommended to capitalize on BDAG’s favorable presale price and imminent value increase. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Bitcoin price started a short-term downside correction after setting a new all-time high. BTC is consolidating above $101,000 and might aim for a fresh increase. Bitcoin started a downside correction from the $109,000 zone. The price is trading below $104,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $104,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $100,000 support zone. Bitcoin Price Sets New ATH Bitcoin price started a decent upward move above the $102,000 zone. BTC was able to climb above the $104,500 and $103,800 levels. The bulls even pushed the price above the $107,000 level. The price traded to a new all-time high at $109,112 and recently there was a downside correction. There was a drop below the $104,500 and $103,500 levels. The price even dipped below $102,000. A low was formed at $100,114 and the price is now rising. There was a move toward the 23.6% Fib retracement level of the recent decline from the $109,112 swing high to the $100,114 low. Bitcoin price is now trading below $104,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $104,000 level. Besides, there is a connecting bearish trend line forming with resistance at $104,000 on the hourly chart of the BTC/USD pair. The first key resistance is near the $104,500 level or the 50% Fib retracement level of the recent decline from the $109,112 swing high to the $100,114 low. A clear move above the $104,500 resistance might send the price higher. The next key resistance could be $106,500. A close above the $106,500 resistance might send the price further higher. In the stated case, the price could rise and test the $108,000 resistance level. Any more gains might send the price toward the $109,500 level. More Losses In BTC? If Bitcoin fails to rise above the $104,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $100,500 level. The first major support is near the $100,000 level. The next support is now near the $98,800 zone. Any more losses might send the price toward the $96,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $100,500, followed by $100,000. Major Resistance Levels – $104,000 and $105,500.

On-chain data shows the XRP whales have been making a large amount of inflow transactions to Binance recently, a sign that may not be ideal for the asset’s price. XRP Whales Have Made A High Number Of Transactions To Binance Recently As explained by an analyst in a CryptoQuant Qucktake post, the XRP Whale to Exchange Transactions metric has spiked for the cryptocurrency exchange Binance recently. The “Whale to Exchange Transactions” here is an on-chain metric that keeps track of the total number of transfers that are taking place from whale entities to wallets associated with a given centralized exchange. Whales refer to the largest of investors on the network, who can hold some degree of influence in the market thanks to their huge holdings. As such, this cohort can be worth keeping an eye on. One way to monitor their movements is through the Whale to Exchange Transactions. When the value of this metric is high, it means the whales are making a high number of moves to the platform. As one of the main reasons why investors use exchanges is for selling-related purposes, this kind of trend can be a sign that the large holders are looking to sell. On the other hand, the indicator being low can imply this group isn’t interested in trading away the cryptocurrency as it’s not making too many exchange-related transfers. Now, here is the chart shared by the quant that shows the trend in the 7-day simple moving average (SMA) of the XRP Whale to Exchange Transactions for Binance over the past couple of years: As is visible in the above graph, the 7-day SMA XRP Whale to Exchange Transactions for Binance registered an extremely large value just before the latest price rally beyond the $3.3 mark. The timing would imply that these humongous investors may have been anticipating the run, so they made the transfers in order to appropriately reposition themselves. So far, XRP has managed to hold around its highs, meaning that the whales may not have yet pulled the trigger on their selling. It only remains to be seen, though, how long these investors would keep sitting on their profits, especially if the cryptocurrency continues its recent trend of sideways movement. XRP Price XRP has been one of the best performers among the top coins by market cap during the past week, with its price noting a surge of more than 38%. While the run started off strong, it has seen a cooldown in the last few days as the asset has seen overall flat consolidation. The below chart shows how the asset’s price has behaved during the past month.

Dogecoin traders have lost over $65 million in 24 hours amid the largest liquidation event in this year so far. This development came as the DOGE price crashed violently after climbing to as high as $0.43 on Sunday. Dogecoin Traders Lose Over $60 Million In 24 Hours Coinglass data shows that Dogecoin traders have lost over $65 million in the last 24 hours. Traders who went long on DOGE suffered the most, with $54.81 million in long positions liquidated during this period. Short traders accounted for the remaining loss, with $7.90 in short positions liquidated. These short liquidations likely occurred earlier on Sunday, when the Dogecoin price reclaimed the $0.40 support level and rebounded to as high as $0.43. However, the price action took a drastic turn later in the day, crashing from the intra-day high of around $0.43 to as low as $0.35, leading to the flush in long positions. Dogecoin traders weren’t the only ones who suffered significant losses. Other crypto traders lost substantial sums as the crypto market witnessed its largest liquidation event this year, with over $1 billion liquidated in the last 24 hours, according to Coinglass data. Long traders took the most hit, with $903.59 million in long positions liquidated. Meanwhile, $260 million in short positions were liquidated. These liquidations occurred as the Bitcoin price dropped from as high as $106,000 to $100,000, dragging other coins, including Dogecoin, along with it. This price drop across the board occurred mainly due to the US First Lady Melania Trump’s launch of her meme coin, ‘MELANIA,’ which drained liquidity from other coins in the market. Dogecoin traders were also bound to take a significant hit considering DOGE’s strong price correlation with BTC. As such, a Dogecoin price crash was inevitable as the flagship crypto nosedived to as low as $100,000. The Cycle Is Not Over Crypto analyst Kevin Capital provided optimism for Dogecoin traders, stating that the cycle is not over. The analyst also reminded those upset at Donald Trump and his team about the ‘TRUMP’ and ‘MELANIA’ meme coins that Dogecoin could easily have remained at $0.11 if the incoming president had not won the elections instead of Kamala Harris. As such, he urged Dogecoin investors and traders to be grateful for how far DOGE has come since November 5th, 2024, when Trump won the elections. Indeed, Trump’s victory was the primary catalyst for Dogecoin’s gains last year. The foremost meme coin had maintained a tepid price action for most of last year until Elon Musk’s Department of Government Efficiency (D.O.G.E), coined from DOGE, looked likely to come to life as Trump led the polls. At the time of writing, the Dogecoin price is trading at around $0.36, down over 8% in the last 24 hours, according to data from CoinMarketCap.

Ethereum (ETH) continues to lose ground to Bitcoin (BTC) as the latter’s dominance rises, with US President-elect Donald Trump set to take office later today. At the time of writing, the ETH/BTC trading pair stands at 0.031, marking a four-year low for the ratio. ETH/BTC Continues To Decline As Trump Focuses On Bitcoin Over the past year, Bitcoin has appreciated by an impressive 158%, surging from approximately $41,000 on January 21, 2024, to $107,608 at the time of writing. The cryptocurrency has consistently reached new all-time highs (ATH) throughout the year. In contrast, Ethereum has delivered a modest return of approximately 35% over the same period and remains 32% below its November 2021 ATH of $4,878. According to the weekly chart below from TradingView, the ETH/BTC trading pair — also referred to as the ETH/BTC ratio within the crypto industry — has reached a fresh four-year low. This decline has raised concerns about the likelihood of an Ethereum-led altcoin season. Currently trading at 0.031, the ETH/BTC ratio has erased all gains accumulated since March 2021. The pair peaked at 0.087 in December 2021, during the height of that year’s altcoin season. Since then, however, Ethereum, the second-largest digital asset by market capitalization, has experienced a steady decline against Bitcoin. In May 2024, the ratio fell below 0.054, a critical support level that had previously held firm in June 2022. Several factors have contributed to Ethereum’s underperformance, including Trump’s perceived preference for Bitcoin and the rising competition from rival smart-contract platforms like Solana (SOL). Unlike Bitcoin, Ethereum has struggled with adoption. Corporations worldwide are increasingly incorporating Bitcoin into their balance sheets, reinforcing BTC’s status as a premier digital asset. Additionally, speculation about the creation of a US strategic Bitcoin reserve has further bolstered the narrative around Bitcoin’s limited supply, driving its price higher. Conversely, Ethereum’s relatively high issuance rate has cast doubt on its “ultrasound money” narrative. Ethereum’s 2024 performance has also eroded confidence among some of its largest holders. Notably, an ETH whale recently sold 10,070 ETH at a $1 million loss, signaling waning investor trust. Will 2025 Change Ethereum’s Fortunes? While 2024 was a challenging year for Ethereum in terms of price performance, crypto analysts remain optimistic about the asset’s prospects in 2025. For example, a report by Steno Research predicts that Ethereum could surge to as high as $8,000 this year. Similarly, crypto analyst Daan forecasts that the ETH/BTC trading pair could rise above 0.04 during Q1 2025. In December 2024, Ethereum exchange-traded funds (ETFs) experienced renewed interest from institutional investors, fueling hopes for significant capital inflows into the smart-contract platform. That said, Ethereum must first overcome strong resistance at the $4,000 price level. At press time, ETH trades at $3,368, down 1.3% in the past 24 hours.

BC Wong has been appointed to the position of Chief Executive Officer (CEO) of KuCoin, the globally recognized cryptocurrency exchange. KuCoin’s dedication to worldwide expansion and innovation is highlighted by the strategic decision, which also includes the exchange’s commitment to preserving regulatory compliance. BC Wong, who is more often referred to as “BC” inside the organization, is a seasoned leader who has spent a significant amount of time working in the cryptocurrency sector. His experience and strategic vision have been important in developing KuCoin as a dependable platform for millions of users all over the globe. He is a vital part of the leadership team that oversees KuCoin. Throughout his tenure, BC has made significant strides in advancing global regulatory engagement while deftly handling the hurdles faced by the sector. Because of his leadership, KuCoin continues to be committed to putting the needs of its users, solid security, and technical innovation at the forefront of its priorities. BC stated: Focus on Compliance and Reliability Wong, who is a native of Singapore and has a Juris Doctor degree from Singapore Management University as well as a Master’s degree from George Washington University, adds a global perspective to KuCoin. In his former position as Chief Legal Officer, he was responsible for leading efforts to obtain regulatory permits and improve ties with regulators, therefore reaffirming KuCoin’s commitment to complying with regulations. While Wong has been vital in collaborating with authorities throughout the European Union, Asia, the Middle East, and Africa, KuCoin’s image as a compliant and secure platform has been strengthened as a result of his commitment. Through the strategic steps he has undertaken, KuCoin has strengthened its commitment to provide a trading environment that is both secure and dependable on a worldwide scale. Empowering Users All Over the World The mission of KuCoin is to make cryptocurrencies more accessible to the general public by providing solutions that are both safe and innovative. Through the expansion of its presence in important markets, the firm continues to serve investors all around the globe with experiences that are streamlined and easy to engage with. As a result of BC’s leadership, KuCoin has also made Corporate Social Responsibility (CSR) a top priority, forming partnerships with groups such as the American Medical Women’s Association and the Global CSR Foundation. Notable initiatives include participation in the United Nations Conference on Climate Change (COP28), Green Blockchain Projects, the Light Up Africa Program, and the Climate Change Bucket initiative, which has benefited more than 50,000 women and children around the world.

Exploring BlockDAG’s Path to $600M with New CEX Listings and Its Impact on LTC and AVAX Bitcoin’s leap past $90K has stirred the altcoin market, leading to notable price shifts for key players such as Avalanche and Litecoin. Avalanche’s price analysis points to an imminent $30.80 retest of its 200-day moving average. Conversely, Litecoin grapples with increasing doubts as the community questions the future of its ETF. However, BlockDAG (BDAG) is placing significant milestones and growth projections forward. With over $182 million already secured in its ongoing presale, the plan to debut on 10 major CEXs this year could greatly enhance its reach and market presence, potentially sparking a significant rise in both demand and price. With a set presale target of $600 million, BlockDAG is rapidly earning its place as the top crypto to buy in 2025. AVAX Price Analysis: A Potential Bounce Back from Recent Lows? The current Avalanche (AVAX) price analysis marks a crucial time for the cryptocurrency as it approaches a 200-day moving average retest, priced at $34.14, after a sharp 6.65% drop in 24 hours and a troubling 35% decline over the month. This drop is largely due to the overall market’s instability, triggered by Bitcoin’s fluctuations. Now at a pivotal support level of $30.80, AVAX is on the brink of a significant test. A strong recovery from this point could reinstate its bullish trend. While the immediate target remains the descending 20-day moving average at $38, a fallback to the $25 support zone remains a possibility in the worst-case scenario. Litecoin ETF News: Dimming Approval Prospects Drag Down LTC Prices The potential for a Litecoin ETF approval in 2025 has dwindled, contributing to the altcoin’s weak market trends. Currently trading at $94.89 after a 22% decline over the past month, Litecoin struggles amidst growing pessimism over the SEC’s approval of a spot Litecoin ETF this year. Market data indicates that the odds of approval have decreased from 75% in December to just 24% by mid-January. Even if the ETF is approved, lingering concerns about institutional interest remain, as historical trends with Bitcoin and Ether ETFs show they represent only a minor portion of the overall market cap, adding an additional layer of uncertainty for Litecoin. BlockDAG’s Upcoming 10 CEX Listings To Elevate Its Market Presence BlockDAG’s presale achievements are already attracting attention, with over $182 million raised and more than 17.9 billion coins distributed across 27 batches. The BDAG coin’s price has escalated to $0.0248 in the latest batch, marking a 2,380% increase since the first batch. This steady price rise underscores the community’s strong belief in the project and the widespread enthusiasm for BlockDAG. The anticipation grows as BlockDAG gears up for launches on 10 major CEXs in 2025. These introductions are expected to significantly boost the coin’s accessibility and liquidity, inviting a global audience and escalating trading activities. Moreover, the anticipated launch of BlockDAG’s mainnet this year promises to bring the high-performance decentralized network into full operation, elevating its technical capabilities and market stance. These advancements forecast a significant stride forward for the project, confirming its status as the best crypto to buy in 2025. This combination of a groundbreaking presale, imminent CEX listings, and the upcoming mainnet debut positions BlockDAG closer to its $600 million presale target. The expansion through CEXs will likely amplify post-listing demand, enhancing both price and adoption. With only a few batches left in the presale and demand climbing daily, buying BlockDAG now could lead to significant returns soon. Summing Up! The crypto market presents unique opportunities and hurdles, evidenced by the latest price movements in AVAX, which is on the cusp of either a rebound or a further decline to $25, and the ongoing uncertainties surrounding the Litecoin ETF. In contrast, BlockDAG is making significant strides with its forthcoming CEX listings and an eagerly awaited mainnet launch. These initiatives are set to improve accessibility and liquidity, which in turn could significantly boost BDAG’s price. BlockDAG is positioning itself as the top crypto buy in 2025, potentially exceeding its $600 million target sooner than anticipated. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Sumit Gupta urges India to fix high taxes and unclear crypto rules to avoid losing innovation and value. CoinDCX plans to acquire WazirX, focusing on customer trust and security after its hack. Gupta highlights 2025 as crucial for global crypto regulations, urging India to act fast to stay competitive. India Should Act on Crypto Regulations Donald Trump is expected to announce new crypto rules soon. Sumit Gupta, CEO of CoinDCX, believes India must act quickly too. He warns that delays could cause India to lose innovation, talent, and value from crypto transactions. Gupta said high taxes and unclear policies are hurting the Indian crypto industry. A 1% TDS and high tax rates have pushed 90% of trading offshore, losing ₹6 lakh crore in volume. He called for better policies to support the industry and attract innovation. He believes 2025 will be critical for crypto globally. Many countries, including the U.S., are planning big steps for regulation. Gupta urges India to act now to stay competitive. Plans to Acquire WazirX Gupta spoke about CoinDCX’s offer to acquire WazirX, a troubled crypto exchange. He said the process is delayed due to legal issues. However, CoinDCX is committed to helping impacted customers. He mentioned CoinDCX is willing to compensate users partially for their losses. Gupta believes customer trust is key to growing the ecosystem. Updates are expected in the next few months. On WazirX’s hack, Gupta admitted no exchange is 100% safe. Even major exchanges like Binance and Coinbase have faced security breaches. What matters, he said, is how exchanges respond. CoinDCX has taken strong measures to protect users. These include insured wallets and a crypto investor protection fund. Gupta also called for clear regulations to improve security across the industry. Gupta is hopeful about India’s future in crypto. He praised the new RBI Governor for being open to innovation and crypto technology. He noted that many countries are now supporting crypto as a key technology. Gupta believes India will gradually accept crypto and must act fast to stay ahead in the global crypto race. Highlighted Crypto News Today FDIC Accused of Hiding Crypto Documents in Coinbase Lawsuit

FDIC accused of hiding over 150 crypto-related documents in a Coinbase-backed lawsuit. Coinbase alleges selective document searches and lack of transparency from the FDIC. The case could redefine banking and crypto firm relations, influencing future regulations. The US Federal Deposit Insurance Corporation (FDIC) is accused of withholding key cryptocurrency-related documents in a Freedom of Information Act (FOIA) lawsuit filed by Coinbase. The lawsuit claims the FDIC failed to disclose numerous “pause letters” advising banks to halt crypto operations. FDIC Accused of Hiding Crypto Documents On January 17, a report was filed in a Washington D.C. federal court, accusing the FDIC of omitting over 150 critical documents. Whistleblower claims suggest the FDIC systematically blocked FOIA requests. The 25 disclosed letters reveal the FDIC asked banks to freeze crypto operations until regulatory reviews were complete. The crypto industry views this as part of “Operation Chokepoint 2.0,” aimed at cutting crypto firms off from banking services. Coinbase’s Chief Legal Officer Paul Grewal accused the FDIC of selectively searching for letters already identified in earlier reports, ignoring other possible documents. He said fixing the issue would take IT at least a year. On January 17, the FDIC stated it complied with the FOIA request, reviewing documents from March 2022 to May 2023. It denied any omission of relevant letters and said it was processing additional requests separately. Senator Cynthia Lummis’ Warning to the FDIC The case gained attention when Wyoming Senator Cynthia Lummis warned of criminal referrals if allegations of document destruction or obstruction are proven. The FOIA lawsuit originated from a 2022 request by Coinbase CEO Brian Armstrong, seeking letters sent by the FDIC to banks about crypto operations. The heavily redacted letters provided by the FDIC led to further legal action. Judge Ana Reyes has ordered IT to produce clearer versions of the documents. Coinbase also hired. History Associates to file additional FOIA requests, which were denied. This case highlights tensions between the crypto industry and regulators. Its outcome could shape the future relationship between financial institutions and crypto businesses. Highlighted Crypto News Today Can Whale Accumulation of 100 Million XRP Propel it to New ATH?

Following weeks of declines, Ethereum (ETH) seems to have begun its recovery, closely tracking Bitcoin’s upward movement. As of today, ETH has reclaimed the $3,300 level, reflecting a 7.5% increase over the past week. This rebound has sparked renewed interest among market participants, who are closely watching Ethereum’s next moves, particularly in light of improving market sentiment and key metrics indicating the potential for further gains. Renewed Market Optimism Observed, Road To $3,500? A CryptoQuant QuickTake Platform contributor ShayanBTC recently highlighted that Ethereum is consolidating within a range of $3,200 to $3,500. According to Shayan, market dynamics around this price range suggest that a bullish breakout could be on the horizon. While funding rates—a critical indicator of market sentiment—initially declined, it has begun to rise again, signaling a renewed appetite for long positions and greater confidence in Ethereum’s near-term performance. As Ethereum edges closer to the $3,500 resistance level, the supply and demand dynamics at this price point are drawing significant attention. The presence of notable supply in this range emphasizes the importance of sustained bullish momentum for a breakout. Shayan has pointed out that the funding rates metric will be a key indicator to watch. If funding rates continue to rise, it could signify heightened market optimism, increasing the likelihood of Ethereum pushing beyond $3,5000. According to Shayan, for Ethereum to overcome this critical resistance, the futures market must maintain and strengthen its bullish sentiment. This will require not only a continued rise in funding rates but also an overall increase in long positions and trading activity. The interplay between these factors will determine whether Ethereum can achieve a decisive breakout, making the upcoming market action pivotal for traders and investors. Ethereum Market Performance And Outlook So far, Ethereum is currently trading for $3,346, at the time of writing with the asset recording an increase of 1.3% in the past day. Meanwhile, on the weekly time frame, Ethereum has surged by more than 10% in price suggesting a consistent upward momentum in the past 7 days. However, despite this increase in ETH’s price, the asset is still roughly a 31.3% decrease away from its all-time high (ATH) of $4,878 registered in November 2021. Interestingly, despite this, some analysts are still quite bullish on Ethereum, especially with the new pro-crypto administration. A renowned crypto analyst on X known as Trader PA recently shared in a post a bullish pattern on ETH’s chart in which if ETH makes a breakout it could see a significant rally. Featured image created with DALL-E, Chart from TradingView

A crypto analyst who accurately forecasted the Bitcoin price crash to $99,000 has now made another notable prediction for the pioneer cryptocurrency. While the analyst’s previously bearish projection was driven by volatility and waning market demand for Bitcoin, his new forecast sees the cryptocurrency skyrocketing to new highs above $110,000, fueled by its recent bullish performance. Bitcoin To Retest Key Support As Next Move From a technical perspective, TradingView crypto analyst R.Linda has pinpointed the range between $102,500 and $100,000 as a critical support zone for Bitcoin. The analyst highlights that if Bitcoin can retest and maintain a price above this zone, it could set the stage for a potential market rally to new ATHs of $120,000 in the mid-term. According to CoinMarketCap, Bitcoin is currently trading at $108,594, experiencing a dramatic 4.65% rise in the past 24 hours. R. Linda suggests that this recent price rally may result from strong accumulation and growing investor confidence. Given Bitcoin’s growing momentum, the TradingView market expert has set new resistance levels at $103,600, $105,700, and $107,500. She believes a successful breakout from these levels could propel Bitcoin to retest new bullish targets between the $108,000 and $112,000 range. Despite correctly predicting the recent Bitcoin crash to $99,000, the analyst believes another failure to hold above the $100,000 mark could temporarily stall a price rally, with the possibility of a more resounding crash. R. Linda stated that Bitcoin may form a correction pattern, potentially experiencing a slight pullback to the 0.5 Fibonacci retracement level near $100,000, or even as low as $97,500. Moving ahead, Bitcoin’s overall trend remains bullish as long as its price quickly recovers from any projected declines and stays above critical support levels. The $102,500 level is highlighted as a pivotal price point expected to trigger Bitcoin’s bullish continuation. Bitcoin’s Current Market Condition According to R. Linda, Bitcoin surprised the market again by rallying more than 18% over the past week after surpassing previous support zones. The flagship cryptocurrency quickly reignited previous bullish sentiment after retesting “the panic and risk zone” when selling pressures significantly rose. This sharp price increase has been attributed to technical, fundamental, and macroeconomic factors. R. Linda has stated an increase in activity from institutional investors and the major players in the space. She suggested that Donald Trump’s inauguration as the President of the United States (US) and speculations about favorable crypto policies under his administration have also significantly contributed to Bitcoin’s recent rebound. The bullish combination has solidified Bitcoin’s position, creating a strong momentum that has attracted new buyers and increased institutional interest from players globally. R. Linda highlights that Bitcoin’s price action in the past three days suggests a strong consolidation and accumulation phase, where buyers aggressively defend the price area between $91,000 and $89,000.