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Bitcoin, XRP (Ripple), and Solana all rose after US President-elect Donald Trump was reportedly open to forming a strategic reserve that would include US-based cryptocurrencies in addition to Bitcoin.
As reported by CoinMarketCap, today (1/18/2025) at 08:34 WIB, in the last seven days, Bitcoin, XRP, and Solana have increased by 10.5%, 37.5%, and 16.84% respectively.
Meanwhile, year to date/ytd, the three cryptos are also in the green zone with gains of 11.84%, 39.24%, and 13.17% respectively.
Bitcoin (CRYPTO: BTC) is up 119% in 2024, and investors have been on a roll lately, making predictions about where the cryptocurrency is headed this year. Most recently, Fundstrat’s head of research Tom Lee said that a single Bitcoin could reach $250,000 by the end of 2025.
That would be a whopping 160% increase in Bitcoin’s price if Lee’s prediction proves correct. Of course, no one knows for sure where Bitcoin is headed this year, but there are a few reasons why Bitcoin proponents are right to be optimistic. Here are a few things that could drive the cryptocurrency higher this year.
The NFP report will provide insight into the health of the US labor market and could influence the Federal Reserve’s interest rate decision.
The consensus forecast is for a gain of 160,000 jobs, with the unemployment rate expected to hold steady at 4.2% and average hourly earnings at 4.1% YoY.
The Federal Reserve closely monitors wage growth as a leading indicator of inflation, which could influence its policy decisions.
The US Dollar Index is trading at a two-year high, and the NFP report could act as a catalyst for further gains or a potential pullback.
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Cryptoharian – Dogecoin (DOGE), the original meme coin, is back in the spotlight with a bold prediction from an analyst who predicts a whopping 11,112 percent increase, potentially reaching US$37. This would be a historic milestone, taking Dogecoin well beyond its previous record high of US$0.70 achieved during the 2021 bull run.
Currently, Dogecoin is trading at $0.3315, after recovering from a weekly low of $0.2644, representing a 25.4 percent increase. This price recovery has sparked optimism, with some analysts believing that Dogecoin could soon enter a major uptrend.
The free market $BLUM started yet at a price of 0.012610 Current token credentials, or Points, are issued based on a total supply of 100.0B. Once the project team releases the total token supply, the amount of your order filled in points will be converted into tokens based on the proportion of the total token supply to 100.0B. The order size will not change after the conversion. You can view the "Converted Amount" in the order details to see the actual delivery amount and prepare for delivery.