TRUMP coin analysis today.. had analyzed the day before that the price would reach $30.
I think a very strong support at $31 and $33, and God has changed the downward trend of the price to an upward one, and from here on we will see an upward trend,
and friends who are interested can buy at this price because it may reach again $40 up
The Official Trump cryptocurrency saw a 6.5% increase in value following Scott Bessent's confirmation as Treasury Secretary. Bessent, a crypto supporter, has backed Trump's tax cuts and will now guide the U.S. digital asset reserve project. This news boosted Official Trump, which has been highly volatile since its January 17 launch, with a 350% rise on launch but a 63% drop from its peak. The token is likely to continue experiencing significant price swings due to its connection to the Trump administration and broader market factors. However, it remains a highly speculative and risky investment.
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🚨🔥Breaking News: #Robinhood expands into futures trading for #Bitcoin $BTC, #FX, and #stocks, while the #SEC acknowledges a filing for a Litecoin #ETF. #Trump's team members join #Coinbase advisory, signaling a possible #crypto-friendly approach from the administration.🚨🔥
JUST IN: Illinois proposes a state-run #Bitcoin reserve with a 5-year hodl mandate under HB1844, aiming to position $BTC as a long-term treasury asset.
The crypto industry wanted Donald Trump to become America’s 47th president, and they spent big to make it happen.
Around 48% of all corporate money contributed to the 2024 election cycle came from crypto firms, and the 2024 elections saw 250 “pro crypto” members of Congress elected along with 16 “pro crypto” senators.
Now that Trump is sitting in the White House, the sector is increasingly keen to discover what exactly the return on its investment might be. As a candidate, Trump made numerous sweeping promises and appeals to the crypto industry. As a president, he has yet to mention bitcoin in an official capacity.
But while the first few days of the 47th presidency lacked much crypto meat, the tide began to turn on Thursday (Jan. 23) as America’s first “crypto president” issued an executive order, entitled “Strengthening American Leadership in Digital Financial Technology,” touching on many of the sector’s wants, needs and concerns.
The executive order called for a comprehensive draft of federal crypto regulations, as well as for first steps to be taken around exploring the creation of a national digital asset stockpile and the banning of central bank digital currencies (CBDCs).
On Wednesday (Jan. 22), the president pardoned Silk Road founder Ross Ulbricht, fulfilling another one of his campaign promises to the crypto sector.
Among the more crucial of the Trump administration’s recent crypto actions was the Thursday decision of the U.S. Securities and Exchange Commission (SEC) to rescind the Biden-era Staff Accounting Bulletin No. 122 (SAB 122), an accounting bulletin that required crypto custodians to record a safeguarding obligation.
The repeal of SAB 122, observers believe, will ultimately allow banks to interact more freely with the crypto sector.
Donald Trump's growing ties to the cryptocurrency industry
Have raised concerns over potential corruption and conflicts of interest. Despite previously calling bitcoin a “scam,” Trump has launched his own crypto ventures, including a meme coin called $Trump, and appointed crypto-friendly figures to key regulatory positions. Critics argue that Trump's promotion of crypto, coupled with his business ties, could lead to lax oversight, benefiting his personal wealth while exposing investors to volatility. Some experts also warn that proposals like a U.S. bitcoin reserve could create financial risks for taxpayers.
Extsy is a rising star in the cryptocurrency world, aiming to transform how we trade, manage, and engage with digital assets. With a strong emphasis on security, user interaction, and a wide range of features, Extsy is making a significant impact in the competitive crypto market. The platform stands out by offering user-friendly design, advanced tools, and community-driven features like raffles and virtual cards. Security is a top priority for Extsy, with measures such as KYC/AML compliance and two-factor authentication in place. The platform's trading suite caters to users of all levels, providing confidence in executing trades regardless of market conditions. Extsy's multi-currency wallet supports various cryptocurrencies, while the virtual card system adds real-world utility to digital currencies. By combining security, innovative tools, and community engagement, Extsy is poised to revolutionize the cryptocurrency trading experience.
The Shiba Inu price surged in mid-January, hitting $0.00002485, sparking predictions of a $5 target. However, the focus has shifted to WalllitIQ (WLTQ), an AI altcoin expected to drive a $200 billion market surge, outperforming SHIB. Amidst positive market sentiment and upcoming macroeconomic events, SHIIB's price is bullish, with experts speculating on a potential surge to $5. To reach this target, factors like increased utility, partnerships, and market cap growth are crucial. In contrast, WalllitIQ's innovative AI solutions have attracted investors, with a $200 billion market boom predicted. The decentralized wallet platform offers unique features, including governance participation and staking rewards. The recently launched app enhances user experience with trading simulations and real-time asset tracking. While SHIIB's $5 target seems improbable, WalllitIQ's growth potential and distinctive utilities make it a lucrative investment opportunity, with ongoing presale offers available.
The Future of Stablecoin Networks in Global Payments
$BTC $ETH $SOL
Sixteen years post the creation of Bitcoin, the blockchain sector still grapples with issues in traditional finance. Brian Shroder, former Binance.US CEO, advocates for a stablecoin network tailored for global payments in local currencies to address these challenges. Shroder's 1Money Network aims to enhance stablecoin accessibility for daily transactions like peer-to-peer transfers and cross-border remittances. The stablecoin market, dominated by Tether and Circle's USD Coin, has seen significant growth. While other companies like Robinhood and Ripple are also venturing into stablecoin networks, 1Money stands out for its support of multiple stablecoins. Shroder envisions a future where stablecoins facilitate seamless global transactions. Despite blockchain's unresolved issues, stablecoins offer cost-effective solutions for cross-border payments. As stablecoins gain traction, they could drive mainstream adoption of blockchain technology, offering advantages like cost efficiency and enhanced transparency.
The cryptocurrency market is expected to experience significant growth in the number of tokens, with projections indicating that by 2025, the count could surpass 100 million. Currently, there are more than 36 million crypto tokens, and the rate of new token introductions is escalating. Crypto analyst Conor highlighted this rapid expansion, forecasting 100 million tokens by the end of 2025. However, concerns have arisen due to the increasing oversupply of tokens surpassing demand. This may result in shorter and less frequent altcoin seasons, where many tokens witness rapid surges. Investors are advised to adjust their strategies and focus on tokens with solid fundamentals. With the market flooded with numerous tokens, distinguishing valuable projects becomes crucial. Despite the challenges, experts believe that altseasons will persist but will prioritize tokens with genuine value and effort over others.
Nasdaq has submitted a proposal to the SEC to improve IBIT’s redemption system by allowing authorized participants to exchange shares for physical Bitcoin supplies. The company, on behalf of BlackRock, suggests changing the rules of its Bitcoin spot ETF application to enable ETF share exchanges directly for Bitcoin holdings instead of cash payments. This modification offers a new alternative to cash transactions in ETF management. The in-kind asset exchange setup, as stated in Nasdaq's application, replaces cash-in-and-out operations at the Trust, benefiting ETF performance and simplifying operations for institutional investors with authorized participant status. The plan aims to enhance ETF trading efficiency by reducing effort and involving fewer participants, ultimately providing better trading options and lower tax liability for institutional investors. This move could set a precedent for other cryptocurrency ETF applications, shaping market standards for Bitcoin ETF operations.
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XRP Price Drops 5% XRP price also fell by nearly 5% in the past 24 hours and is currently resting at $2.99. The crypto’s intraday low and high were $2.95 and $3.14, respectively.
Notably, the Ripple-backed asset’s fall below $3 sparked severe concerns among investors. Meanwhile, XRP recorded nearly $5 million in liquidations as of Monday.
Meme Cryptocurrency Prices Today Simultaneously, DOGE price tanked 8% over the past day and is trading at $0.327. SHIB price also fell over 7% in the past 24 hours and is sitting at $0.00001851. Moreover, PEPE and TRUMP prices fell nearly 13%, reaching $0.00001301 and $26.60, respectively.
DeepSeek AI Threatens U.S. Stocks Meanwhile, the rise of the open-source Chinese AI startup DeepSeek appears to have sent shockwaves across the U.S. large-cap tech. Recent reports reveal that the Chinese AI startup is already outperforming leading American AI companies like OpenAI and Meta, whilst the Nasdaq 100 futures are also down significantly since the market opened just hours ago, all happening as DeepSeek takes the no. 1 spot on App Store.
SOL Price Cracks 10% SOL price chart showcased a 10% drop in value at the time of reporting, reaching $233.18. Solana’s 24-hour low and high were $233.23 and $259.63, respectively. The cryptocurrency has followed the broader market trend, recording over $10 million in liquidations.
Ethereum Price Tanks 5% ETH price pulled back 5% in the past 24 hours and is currently trading at $3,172. The coin’s intraday low and high were $3,161.93 and $3,359.31, respectively.
Ethereum currently mimics the broader market trend, with nearly $30 million in liquidations recorded today. However, it’s noteworthy that weekly net inflows totaled $139,32 million for Ethereum ETFs as of Jan 24. The current market sentiment for the asset remains uncertain.
Bitcoin (BTC) and top altcoins encountered significant turbulence on Monday, tumbling against the backdrop of an unsure investor sentiment right ahead of FOMC. Bitcoin (BTC) price dropped to the $101K level today, whereas Ethereum (ETH), XRP, and Solana (SOL) cracked 4%-8%. Meanwhile, U.S. stocks also took a hit amid Chinese AI DeepSeek’s rise.
So, let’s take a closer look at some of the leading crypto by market cap, their price action, and broader market trends on January 27.
Market Tumbles Ahead of FOMC In light of the looming FOMC set to take place as of January 29, the broader crypto market reflects a substantially unsure investor sentiment. The global crypto market cap fell by over 3% intraday and was evaluated to be $3.47 trillion. However, the total market volume witnessed a 21% increase from yesterday to $106.54 billion.
While BTC and top altcoins tanked notably intraday, leading meme coins Dogecoin (DOGE), Shiba Inu(SHIB), and others also mimicked a waning movement. Here’s a brief overview of some renowned cryptocurrency prices today.
Bitcoin Price Down To $101K As Cryptocurrency Prices Take Hit BTC price cracked over 3% in the past 24 hours and is currently trading at $101,239. The coin’s 24-hour low and high were $100,721.57 and $105,438.64, respectively. The waning price action aligns with the broader market trend, although Bitcoin’s dominance was up 0.36% intraday. Besides, leading crypto market analyst Ali Martinez has conversely maintained a bullish perspective on the asset’s future perspective, spotlighting a $122,000 price target looms.
BTC saw over $57 million in liquidations, per recent Coinglass data, further aligning with the price drop. As mentioned above, the looming FOMC has appeared to have pushed traders to be cautious.