#ETHProspects đ¤Why Trumpâs Meme Coins Have Alarmed Both Crypto Insiders and Legal Experts
When Donald Trump won the presidency in November, many crypto fanatics celebrated, based on his promises to the industry that he would prioritize deregulation and legitimize crypto entrepreneurs. Days before his inauguration, industry heavyweights gathered in Washington for the Crypto Ball, celebrating their newly minted status as D.C. insiders.Â
But during the event, Trump shocked nearly the entire room by posting online about the launch of a new cryptocurrency called TRUMP. This new currency, a so-called meme coin, has no inherent value, but rather fluctuates in price as people buy and sell the coin. Trumpâs fans and opportunistic day traders have generated billions of dollars in sales, driven by loyalty, hype, and the chance to make a quick buck. All of these trades have made the coinâs creatorsâaffiliate companies of the Trump organizationâbillions of dollars on paper. A day after its release, Melania Trump announced her own meme coin, which also rose and fell in crazed spurts. On Wednesday, TRUMP was the 25th most valuable cryptocurrency in the world, according to CoinMarketCapâalthough its price of about $43 was well off its $75 high.Â
Ai16z Price Prediction 2025 â Best AI Coin to Buy Now?
đ˛Ai16z Price Prediction 2025 â Best AI Coin to Buy Now? One of the best meta narratives within the cryptocurrency space right now is ai16z. Operated solely by AI agents, this venture capital firmâs cryptocurrency project has been among the top AI agent coins by market capitalization.Â
đĽNow that Donald Trump, a crypto-friendly president, has begun his administration, people are wondering what the future holds for the ai16z price?
đ¤What is ai16z Token?Â
There is no direct link to the official website since it only shows an AI Agent named Eliza, which describes itself as the operating system for AI agents. However, ai16z itself is an AI-agent run venture capital firm, reportedly designed to make investment decisions more informed and efficient.Â
Much of the focus of this platform is about analyzing data and executing trades autonomously. The Eliza framework, which is the core of this system, gives rise to other AI agents. These agents are said to be designed to complete tasks using ETH and ERC20 token transfers and more.
The Eliza operating system is robust, with over 11.4k stars on Github. With 378 contributors and over 3200 forks, it is a community-made project acting as a multi-agent simulation network. Following the Typescript paradigm, this is the platform that lets users create their own AI agents. These agents can be created with their own suite of personalities and can be used to interact with other social media platforms.
The official website has also provided a chatbot akin to ChatGPT offering information exclusive to the ai16z ecosystem. The bot offers information about the ecosystem with enhanced detail. When asked about how the AI investment strategies are created on the platform, it replied that they are primarily created through the AI agent modeled after Marc Andreessen. The ai16z DAO also plays a major role in this, offering recommendations from DAO token holders and assigning trust scores based on the performance of their advice.
However, despite all the positives, the social media presence of this platform has not created much buzz. The official Twitter handle shows that not even a single post has been written. This shows an interesting scenario, highlighting that the ai16z price has moved up thanks to a combination of its features and external market conditions.
AI16Z Coin Price HistoryÂ
Ai16z entered the cryptocurrency space in early November 2024, and it wasnât until around the 18th that its price surged for the first time.Â
The bullish market movements and craze around the AI Agent narrative pushed its value close to $2.4, which is its all-time high, before a correction. However, AI16Zâs price drop has always ended up with a major bounce. The first one led to it reaching its second all-time high, and the current chart shows that it could move up even further.
That said, whether or not AI16Z will reach its all-time high will depend on the macroeconomic conditions and whether the AI agents created on this platform receive mass adoption. AI16Z Price Prediction 2025 In 2025, the AI16Z price will likely focus on capitalizing on the ongoing narrative around AI agent coins. CoinGecko shows that this token ranks third in terms of top AI agent coins by market cap. This ranking may give it a boost if another bull run arrives for Bitcoin this year. Furthermore, more adoption of the AI Agents employed in its ecosystem could generate more support for the token, allowing the AI16Z price to move up in value. At best, it is possible that the token could reach the $6 mark by the end of 2025. 2026 In 2026, we may see new crypto regulations and AI innovations come into play. Progressive laws may shoot up the value of AI agent coins, which is possible with a crypto-friendly president taking the reins of the United States. However, if 2025 turns out to be a bull run for Bitcoin, 2026 may see the market facing a cooldown, dropping the AI16Z price. Under these conditions, the AI agent coin might trade in the $3 â $5 range. Alternative Picks For The Best AI Coin to Buy Now AI16Zâs growth shows that AI Agent coins have started to find their footing in the market with tokens that have an influx of multiple niches. Therefore, when there is an AI agent coin available on presale, investors should pay attention. One of the best AI Agent coins available on ICO is currently Mind of Pepe. Developed by Elvora Labs, Mind of Pepe blends the quirks of Pepe with the functionality of an AI Agent. This cryptocurrency project is designed to provide optimal investment opportunities to early movers. #VeThorOnBinance #BTCNextATH? #TRUMPTokenWatch
đĽđ˛đĽ CME Bitcoin Options at Most Bullish Since U.S. Election, ETF Inflows Surge
CME Bitcoin Options at Most Bullish Since U.S. Election, ETF Inflows Surge
On Tuesday, bitcoin (BTC) options trading on the Chicago Mercantile Exchange (CME) showed the strongest bullish sentiment since Donald Trump's Nov. 5 election victory.
Traders scrambled to buy calls, or options offering asymmetric upside exposure, driving the skew higher to 4.4%, the most since early November, according to data tracked by digital assets index provider CF Benchmarks.
Skew is the difference in implied volatility between calls and puts, or options offering downside protection, and positive values represent a bullish sentiment.
"Thirty-day topside skew in the bitcoin options market has reached levels not seen since the November election results," Thomas ErdĂśsi, head of product at CF Benchmarks, told CoinDesk. "This reflects a strong bullish sentiment, with traders actively positioning for upside exposure across both short- and long-term maturities."
Bitcoin's price rose as much as 5%, briefly topping $106,000 Tuesday after buyers defended the $100,000 support level despite President Trump failing to mention crypto or strategic bitcoin reserve in his inaugural speech the day before.
Looking ahead, it's possible that volatility levels might moderate slightly towards the end of the month, but we anticipate that the skew for topside will probably remain, barring any surprise policy developments. This will likely provide continued upward price pressure for the foreseeable future," #VeThorOnBinance #BTCNextATH? #BinanceAlphaAlert $BTC $ETH $XRP
đĽđĽ Solana Bull Bets Big on SOL Rallying to $400
The block trade was a bull call spread that would see maximum profit on a potential move to $400 or higher by the end of February, according to data tracked by Amberdata .An options block trade executed over-the-counter Monday shows expectations for a SOL price rally to $400. The trading entity expects such a rally to happen by the end of February. significant SOL options block trade crossed the tape on Deribit via the OTC network Paradigm late Monday, suggesting expectations for a price rally to $400 by the end of February.
The trade, structured as a bull call spread, involved a long position in the $280 call and a simultaneous short position in the $400 call, with 10,000 contracts for each leg and both legs set to expire on Feb. 28, according to block flows tracked by Amberdata. The block trade, considered a proxy for institutional activity, is consistent with forecasts for SOL outperformance under Donald Trump's presidency. bull call spread achieves its maximum profit when the underlying asset's price is at or above the short call's strike price, which is $400 in this case, which means the buyer expecting prices to surge 55% from the going market rate of $257 in just over a month. The buyer is betting that the spread will move past $280, reaching up to $400 with a breakeven around $300, according to Amberdata's Director of Derivatives, Greg Magadini. #VeThorOnBinance #BTCNextATH? #ETHETFsApproved $ETH $SOL
đ¤đĽđ¤ Who will drive trump,s crypto policy??
Over the weekend, he launched his own cryptocurrency, appropriately called $TRUMP, sparking feverish buying that sent its market capitalisation soaring to several billion dollars.
When bitcoin reached the landmark $100,000 level, Trump wrote on his Truth Social platform: âCONGRATULATIONS BITCOINERS!!! $100,000!!! YOUâRE WELCOME!!! Together, we will Make America Great Again!â
Cryptocurrencies have made headlines since their creation, from their extreme volatility to the collapse of several industry giants, foremost among them the FTX exchange platform.
Bitcoin was conceived in 2008 by a person or group writing under the name Satoshi Nakamoto.
It was pitched as a way to break free of mainstream financial institutions by establishing a decentralised platform for transactions.
The digital currency is created â or âminedâ â as a reward when powerful computers solve complex problems to validate transactions made on a meddle-proof register known as the blockchain.
Bitcoin has long been criticised for being the currency of choice for making untraceable payments on the so-called dark web, a hidden part of the internet used for criminal activities.
The asset has often come under attack for facilitating money laundering and allowing extortion through ransomware attacks.
Its carbon footprint has also come under scrutiny because mining cryptocurrencies requires huge amounts of energy.
đĽđĽđĽđĽ Bitcoin hit record above $109000 awaiting trump
Bitcoin hit a record high above $109,000 on Monday as Donald Trump, who has signalled plans to deregulate the cryptocurrency sector, prepares to be sworn in as US president.
Bitcoin surged to reach an all-time peak of $109,241 ahead of Trumpâs inauguration ceremony, before falling back to $107,765 at around 0740 GMT.
The worldâs biggest cryptocurrency has soared since Trump won the presidential election in November, with bitcoin surpassing $100,000 for the first time in early December.
It came after he nominated cryptocurrency backer Paul Atkins to head the US securities regulator, reinforcing optimism the new president will deregulate the sector. #TrumptMarketInsights #MelaniaTrumpLaunchesToken $BTC $XRP
đĽđĽđĽ Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP expect volatility ahead of Trumpâs inauguration
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP expect volatility ahead of Trumpâs inauguration
Bitcoin price retests its key support level of $100K after rallying more than 7% in the previous week.
Ethereum price finds support around its 200-day EMA at $3,125, eyeing a recovery ahead.Â
Ripple price continues its rally on Monday after breaking above its symmetrical triangle pattern last week.
Bitcoin (BTC) and Ethereum (ETH) prices retest their key support level on Monday, with an eye on a rally ahead. At the same time, Ripple (XRP) continues its rally on Monday after breaking above its symmetrical triangle pattern last week.
Bitcoin price could resume rally if it holds above the $100K mark
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bitcoin price bounced after retesting its $90,000 support level at the start of the previous week and rallied 10.6% until Saturday. However, it faced rejection around the $106K level, declining 3.08% on Sunday, and retested its key support level at $100K. At the time of writing on Monday, it finds support around $100K and trades around $101,800.
Donald Trump meme coin price tanks after wife Melania also launches token
The president-electâs $Trump coin more than halved in value before steadily recovering on Sunday The incoming US first lady, Melania Trump, has followed Donald Trumpâs lead by launching a multibillion-dollar cryptocurrency meme coin â briefly tanking the price of her husbandâs coin in the process.
The price of the incoming presidentâs token, $Trump, had more than tripled in price to more than $70 (ÂŁ57), giving it a total value of over $14bn shortly after its launch on Friday. However, the launch of his wifeâs coin, $Melania, pared back those gains. Trump, who will be inaugurated on Monday, posted on social media as his token launched: âItâs time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW.â. According to the meme coinâs website, a Trump-owned company, CIC Digital LLC, will own 80% of the coinâs supply. Trump, who will be inaugurated on Monday, posted on social media as his token launched: âItâs time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW.â. According to the meme coinâs website, a Trump-owned company, CIC Digital LLC, will own 80% of the coinâs supply. This is beyond insane,â analysts at The Kobeissi Letter posted on X. âLess than 48 hours ago, Donald Trump launched $trump which just erased $7.5bn in market cap in 10 minutes. In the minutes around the launch of Melania Trumpâs token, we saw massive sell orders in $trump.â
Separately, bitcoin â the worldâs best known digital currency â reached a fresh record high, up 4% at $108,943 on Monday morning. The currency has made significant gains since Trumpâs election victory in November.
A meme coin is a type of cryptocurrency inspired by trends such as internet memes with no inherent utility, and are often susceptible to price swings and crashes. A coin launched by âHawk Tuah girlâ Haliey Welch dropped 95% shortly after its release last month, falling from a $500m market capitalisation to $25m.
Meme coins have been described by traders as a âpure form of gamblingâ and akin to âbuying a lottery ticketâ.
Some crypto enthusiasts hailed the Trump meme coinâs release, saying it was symbolic of the incoming presidentâs support for an industry that felt unfairly targeted by the Biden administration. Trump has promised to usher in crypto-friendly regulations and picked its supporters for key government positions But it has also stoked concerns of conflicts of interest and criticisms over an attempt to personally profit from political office Trump released batches of crypto trading cards during his presidential campaign, generating more than $4m for each release. His sons Eric Trump and Donald Trump Jr also launched a cryptocurrency venture, World Liberty Financial, in 2024, inciting concerns of an overt conflict of interest. The Trump meme coinâs website included a disclaimer stating: âTrump memes are intended to function as an expression of support for, and engagement with, the ideals and beliefs embodied by the symbol â$Trumpâ and the associated artwork, and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type. âGetTrumpMemes.com is not political and has nothing to do with any political campaign or any political office or governmental agency.â
đđĽ XRP's Massive Week: Nearly All-Time High Price, ETF Optimism, and SEC vs. Ripple It was a wild week for XRP, as the Ripple-linked asset blasted above $3 amid Trump optimism and other developments.
The excitement surrounding Ripple and XRP has been growing since Donald Trump became President-elect in November, signaling a potentially favorable administration for crypto assets.
That excitement crescendoed last week as XRP came within pennies of breaking its all-time high price record from 2018, pushing Rippleâs stash of the asset to a staggering sum amid other notable happenings around the crypto company.
Hereâs what you need to know from a wild week for Ripple and XRP.
XRP traded around $0.50 in the days leading up to the U.S. elections in November. Since that time the token has grown by more than 500% to a current price of $3.15, all while becoming the third-largest cryptocurrency by market cap, overtaking stablecoin Tether in the process. Thanks to the surge, the token nearly set a new all-time high, peaking at $3.38 on January 16, just $0.02 shy of its all-time high of $3.40 set in 2018 per data from CoinGecko. #TrumpMarketWatch #XrpđĽđĽ $BTC $ETH $XRP
đ˛đ Trump launches cryptocurrency with price rocketing !!!
US President-elect Donald Trump has launched his own cryptocurrency, which quickly soared in market capitalisation to several billion dollars.
His release of the meme coin, $Trump, comes as he prepares to take office on Monday as 47th president of the US.
The venture was co-ordinated by CIC Digital LLC - an affiliate of the Trump Organization - which has previously sold Trump-branded shoes and fragrances.
Meme coins are used to build popularity for a viral internet trend or movement, but they lack intrinsic value and are extremely volatile investments.
By Saturday afternoon, hours after its launch, the market capitalisation for $Trump reached nearly $5.5bn (ÂŁ4.5bn), according to CoinMarketCap.com.
CIC Digital LLC and Fight Fight Fight LLC, a company formed in Delaware earlier this month, own 80% of the tokens. It is unclear how much money Trump might make from the venture.
"My NEW Official Trump Meme is HERE! It's time to celebrate everything we stand for: WINNING!" Trump wrote on his social media platform Truth Social as he announced the meme coin on Friday night
This Trump Meme celebrates a leader who doesn't back down, no matter the odds," the website said.
Thousands protest in Washington against Trump
It included a disclaimer noting the coin is "not intended to be, or the subject of" an investment opportunity or a security and was "not political and has nothing to do with" any political campaign, political office or government agency. #TRUMPOnBinanceFutures #TRUMPCoinMarketCap #CryptoTrump2.0 $BTC $ETH $XRP
What is Stellar? Founded in 2014 by Jed McCaleb, one of Ripple's co-founders, along with the Stellar Development Foundation (SDF), the Stellar network is an open-source blockchain platform designed to enable seamless, efficient and cost-effective interoperability between global financial systems and their currencies on a single network.
The Stellar network operates through a decentralized system of validators, akin to nodes in other blockchains, which achieve consensus on transactions. These validators are trusted by stakeholders, including other validators and XLM holders, ensuring secure and fast transaction processing without central control. While Stellar leverages blockchain technology similar to Bitcoin and Ethereum, it stands apart with its unique proof-of-agreement consensus mechanism. This design makes the network faster, cheaper and significantly more energy-efficient than many other blockchains.
đĽWhat is Lumen (XLM)? The Stellar network.
supports digital representations of any currency but also has its own native token, Lumen (XLM), which plays a key role. Every account must hold a small number of lumens to function. Unlike other blockchain tokens, lumens are not mined or awarded. Initially, 100 billion lumens were created, with a 1% annual inflation rate. However, this inflation was ended by a community vote in 2019, reducing the total supply to about 50 billion lumens, with no new tokens to be created. Of these, 20 billion are in circulation, while around 30 billion are held by the Stellar Development Foundation (SDF) for network growth and will gradually enter the market. Stellar has over 7.5 million accounts, using lumens for minimum balance requirements and transaction fees.
The Stellar network imposes a minimum balance of 1 lumen per account and a small transaction fee of 0.00001 lumen. These minimal costs ensure the network remains accessible while discouraging large-scale misuse. XRP versus XLM Stellar and Ripple share a mission to enable fast, secure, and low-cost cross-border transactions, but they cater to different markets. Rippleâs XRP, supported by a private company, is primarily aimed at banks and financial institutions, providing an alternative to the SWIFT system for international transfers. In contrast, Stellar's XLM is decentralized, focusing on financial inclusion for individuals and small businesses, particularly in developing regions. Stellar operates as a non-profit platform dedicated to empowering users rather than seeking profit. Analysts suggest that if historical patterns repeat, XRP could retest its 2018 peak of $3.41, with Fibonacci extensions projecting potential highs of $13.93, $18, or even $20 in this market cycle. Historical data highlights that when the 21 EMA crossed above the 55 EMA in 2017, XRP rallied by over 900%. A similar crossover is forming now, hinting at another significant surge. #TRUMPOnBinanceFutures #BTCNextATH? #WyomingBTCReserves $BTC $ETH $
Over US$37 million in XRP liquidations triggered within 24 hours as market volatility surges
đ˛Over US$37 million in XRP liquidations triggered within 24 hours as market volatility surges
17th January 2025 â (New York) XRP, the cryptocurrency developed by Ripple Labs, has recently encountered significant market volatility, resulting in over $37 million in liquidations within a mere 24 hours. Data from Coinglass indicates that liquidated long positions accounted for approximately $18.02 million, while short positions contributed around $19.80 million. This turmoil has sparked discussions regarding the underlying factors driving these sharp price fluctuations and their implications for XRPâs overall market performance.
XRP primarily functions as a digital currency for swift and cost-effective international payments. Ripple Labs has engineered a decentralised platform that enables financial institutions to execute cross-border transactions almost instantaneously, with minimal fees.
This utility positions XRP as a crucial bridge currency, enhancing liquidity between various fiat currencies and solidifying its role within the global payments framework.
XRP primarily functions as a digital currency for swift and cost-effective international payments. Ripple Labs has engineered a decentralised platform that enables financial institutions to execute cross-border transactions almost instantaneously, with minimal fees.
This utility positions XRP as a crucial bridge currency, enhancing liquidity between various fiat currencies and solidifying its role within the global payments framework.
Despite its technological benefits and extensive use, XRP is not without challenges that fuel its price volatility. Chief among these are regulatory pressures, particularly stemming from an ongoing legal confrontation with the U.S. Securities and Exchange Commission (SEC). The SECâs lawsuit, initiated in December 2020, alleges that XRP is a security and was sold unlawfully as such. Ripple maintains that XRP is a cryptocurrency, thereby exempt from SEC oversight. #TRUMPOnBinanceFutures #CryptoTrump2.0 #WyomingBTCReserves $XRP $BTC $ETH
As noted above, XRPâs bearish divergence raises the likelihood of a pullback toward $2.28, which aligns with the upper trendline of its prevailing bull flag pattern.
A bull flag pattern forms when the price consolidates inside a downward-sloping parallel channel after a strong uptrend. It typically resolves when the price breaks above the upper trendline and rises by as much as the previous uptrendâs height. Is the XRP bull run over?
As noted above, XRPâs bearish divergence raises the likelihood of a pullback toward $2.28, which aligns with the upper trendline of its prevailing bull flag pattern.
A bull flag pattern forms when the price consolidates inside a downward-sloping parallel channel after a strong uptrend. It typically resolves when the price breaks above the upper trendline and rises by as much as the previous uptrendâs height. XRP has already entered the breakout stage of its bull flag pattern. However, after a breakout, the price often retests the patternâs upper trendline to confirm it as new support.
Such a retest validates the breakout and provides an entry point for new buyers. A successful bounce from the upper trendline strengthens the bullish case and sets the stage for a move higher toward the original upside target.
In XRPâs case, the bull flagâs upside target is around $4.42, up 40% from current price levels. Additionally, XRPâs long-term outlook remains optimistic, supported by the potential launch of spot XRP exchange-traded funds (ETF) in the US.
Related: XRP price to $10â$50 'plausible' if spot ETF approved, ChatGPT says
JP Morgan analysts predict that these funds may attract $4 billion-to-$8 billion in assets under management.
If the XRP price fails to hold above the flagâs upper trendline, it risks invalidating the bullish setup entirely. In such a scenario, the next downside target could be the patternâs lower trendline near $1.90, a level that prevented XRP's downside in December.
đĽđĽđĽ XRP price bearish divergence spotted, hinting at a drop to $2.28 XRP price chart hints at 25% correction
XRP has surged nearly 50% in January, briefly topping $3.39 on Jan. 18, its highest level in nearly seven years. However, the explosive rally may face headwinds, with technical indicators signaling a potential downside correction of up to 25%.
Akey concern is the emergence of a bearish divergence between XRPâs price and its daily Relative Strength Index (RSI). While
XRP has been climbing to multi-year highs, the momentum oscillator RSI has trended lower, forming a descending pattern.
This divergence indicates that the upward momentum behind XRPâs rally is weakening, raising the likelihood of a reversal in the coming days or weeks.
Additionally, XRPâs price remains significantly above its 50-day exponential moving average (50-day EMA; the red wave), a key technical support level.
As of Jan. 18, the 50-day EMA sits near $2.28, approximately 25% below XRPâs current price of $3.07. Historically, overextended price rallies tend to revisit their EMA levels as traders lock in profits and the market stabilizes, as shown in the 80% correction following a bearish divergence signal in 2018 below. #TRUMPOnBinanceFutures #TRUMPCoinMarketCap $XRP $BTC $ETH
đĽđđ˘ XRP Hits Multi-Year High Following Major SEC News, Tron Founder Justin Sun Says He Could Offer to Buy TikTok, 2,816,572,700,000 SHIB Stun Binance in 24 Hours
XRP surges to multi-year peak following major SEC news According to a recent report by Reuters, the SEC might be considering freezing non-fraud cryptocurrency cases that are currently in the courts, with some cases potentially being dropped. As stated in the report, the regulator will start overhauling its crypto policies following the departure of SEC Chair Gary Gensler that will take place next week. The agency's new Republican majority, led by commissioners Mark Uyeda and Hester Peirce, aims to establish clearer rules for defining whether specific tokens qualify as securities. Following the news, the price of XRP surged to a multi-year high of $2.97, with Bitcoin approaching the $100,000 level. The Ripple-affiliated token is now continuing its rally, trading at highs of $3.35, up 17.65% over the past 24 hours, per CoinMarketCap. Meanwhile, the SEC is set to file its opening brief in its appeal against Ripple, and it remains uncertain if the appeals process will be halted.
I could just offer to acquire TikTok": Tron founder Justin Sun Justin Sun, the founder of Tron and a prominent figure in the crypto world, suggested on the X platform that he could rival Elon Musk by potentially acquiring TikTok. This comes following reports that Chinese authorities are considering selling TikTok's U.S.
đĽđľđ°đĽ Bitcoin to Pakistani Rupee rates for January 17, 2025 The price of Bitcoin (BTC) was recorded at Rs 28387131.75 in Pakistani Rupees (PKR) on January 17, 2025 following an increase during todayâs trading session.
Bitcoin has experienced major increases since the United States elected Donald Trump as president, as investors anticipate that the new administration will implement more favourable policies for cryptocurrencies.
It is pertinent to mention that in 2018, the State Bank of Pakistan (SBP), issued a notice in which, they warned commercial banks and general banks against the use of cryptocurrencies like Bitcoin or Litecoin. What is Bitcoin?
Bitcoin is a virtual currency created from computer code. Unlike a real-world unit such as the US dollar or euro, it has no central bank and is not backed by any government.
Instead, Bitcoinâs community of users control and regulate it. Advocates say this makes it an efficient alternative to traditional currencies because it is not subject to the whims of a state that may devalue its money to boost exports, for example. #Write2Earn #SOLVLaunchOnBinance $BTC $ETH $XRP
đĽđĽđ¤ Bitcoin Market Updates: BTC edges closer to $101K as ETFs end four-day selling frenzy Bitcoinâs weak price rally attempt on Thursday halted at the $100,866 mark, as traders increasingly lean towards the altcoin markets.
Bitcoin ETFs Performance, January 15 2025 | Source: SosoValue
After four consecutive days of outflows, Bitcoin ETFs finally recorded $755 million inflows on Wednesday, hinting at a potential accumulation race ahead of Trumpâs inauguration. Â
Altcoin market updates: XRP, Solana, and LTC lead $88B altcoin market rallyÂ
While Bitcoin price stalled below $101,000 on Thursday, the altcoin markets were agog with intense speculative trading activity.Â
TOTAL3 (Cryptocurrency market cap excluding BTC and ETH) | Source: TradingView
TradingViewâs TOTAL3 represents the global cryptocurrency market cap growth, excluding Bitcoin and Ethereum. The chart above shows the altcoin market cap grew by $88 billion on Thursday, while BTC and ETH stagnated.Â
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đ¤đĽ SEC Appeals Ripple Ruling, Seeks Reversal on XRP Classification
While the regulator already filed its appeal in mid-October, Wednesdayâs opening brief represents a formal step in the appellate process. The U.S. Securities and Exchange Commission has formally filed an appeal in its legal battle with Ripple Labs, challenging a July 2023 ruling that partially dismissed claims against the company.
Filed late Wednesday, the appeal focuses on whether Rippleâs XRP sales to retail investors qualify as unregistered securities transactions under federal law
Citing the Howey Test, the SEC argues that Rippleâs promotional efforts created an expectation of profits among investors, making XRP an investment contract.Â
Ripple and the SEC did not immediately respond to Decrypt's request for comment.
While the regulator already filed its appeal in mid-October 2024, following the district court's partial ruling in favor of Ripple in July 2023, Wednesdayâs opening brief represents a formal step in the appellate process, where the SEC outlines its arguments to challenge the court's prior decision. #BinanceAlphaAlert #BTCBackto100K $BTC $XRP $ETH
The global altcoin market rose by 8.61% on Wednesday, more than double Bitcoinâs 3.6% price gains which was notably subdued on the day by ETF outflows and low retail participation..
Solana Price surges 9% as SOL bulls reclaim momentum
Solana (SOL) posted an impressive 9% gain on Thursday, climbing to $205. The bullish momentum appears driven by strong on-chain activity and the rapid integration of AI-based projects into its ecosystem, boosting user adoption.Â
XRP crosses $3 for the first time since 2018, driven by optimism over SEC appeal challenges in the Ripple case.
Trumpâs SEC overhaul could boost XRP prospects, with experts predicting policy changes in favor of innovation.
XRP's price trajectory hinges on SEC's appeal strategy, with $3.55 highs possible if the agency withdraws its brief.
XRP Hits $3 Ahead of SEC Opening Brief Filing
On January 15, XRP surged above $3 for the first time since 2018, reflecting positive confidence ahead of the SECâs last-minute appeal-related opening brief filing. The rally underscores market sentiment that the SEC may struggle to overturn rulings in the SEC vs. Ripple case.
Recent court decisions have reprimanded the SECâs enforcement tactics, suggesting a shift in attitudes towards the agencyâs ongoing assault on crypto firms. The SEC could face a similar reception in its high-stakes battle to overturn the Programmatic Sales of XRP ruling. #BTCBackto100K #BinanceAlphaAlert #BTCBackto100K $XRP $BTC