đĽ $SOL BREAKDOWN â WILL $120 SUPPORT HOLD OR MORE DOWNSIDE? đĽ
TP-1 and TP-2 Just smashed for previous short call ..
$SOL just crashed -9.77%, breaking key levels and diving to $124.62! The selling pressure has been relentless, erasing gains and pushing the price into a critical zone.
đ Whatâs Next?
Key Resistance: $130.00 â Bulls need to reclaim this level for recovery.
Immediate Support: $124.00 â Losing this could trigger another drop toward $120.00.
â ď¸ Will SOL Rebound or Drop Further?
With heavy liquidation, the next 24-48 hours are crucial. If buyers step in, we could see a relief bounce, but failure to hold above $124.00 might open the door for deeper losses.
đ Are you watching for a dip buy, or waiting for confirmation? Drop your thoughts below ..
$BTC As of January 11, 2025, Bitcoin (BTC) is trading at approximately $94,790, reflecting a 2.54% increase from the previous close.
Recent developments have influenced Bitcoin's market dynamics:
Market Volatility: Bitcoin's price has recently fluctuated, reaching a record high of $110,000 before declining by 4.7% over the past five days. Analysts suggest that if Bitcoin breaches the $92,000 support level, it may drop to $90,000. Rising U.S. Treasury yields have pressured risk assets, including cryptocurrencies.
Economic Indicators: Stronger-than-expected economic data has driven up Treasury yields, raising investor concerns about potential delays in Federal Reserve interest rate cuts. This has contributed to Bitcoin's recent price retreat from its highs.
Institutional Investment: In 2024, Bitcoin's price rose by 121%, crossing the $100,000 mark for the first time. Despite these gains, top crypto hedge funds struggled to match Bitcoin's performance, with Brevan Howard's Digital unit seeing a 51.3% return and Reflexive Capital achieving a 106% return.
Regulatory Environment: The reelection of President Donald Trump, who has promised a supportive stance for the digital asset industry and plans for a national Bitcoin reserve, has added to market optimism.
Investors should monitor key support and resistance levels, as well as macroeconomic factors, to navigate the current Bitcoin market landscape. #BTCđĽđĽđĽđĽđĽ
The Nonfarm Payrolls (NFP) report, which offers insights into the U.S. labor market, may have an indirect effect on the cryptocurrency market, though its direct influence remains limited. Cryptocurrencies like Bitcoin and Ethereum are decentralized digital assets that operate independently of traditional economic indicators.
However, there are a few indirect ways in which the NFP report and other economic indicators can impact cryptocurrencies:
Market Sentiment: Positive or negative NFP data can shape overall market sentiment and risk appetite. Strong job growth and a robust economy, as indicated by the NFP report, can boost investor confidence and encourage increased risk-taking across various asset classes, including cryptocurrencies.
Macroeconomic Factors: The broader economic landscape can influence the demand for cryptocurrencies. A strong labor market and economic growth, as reflected in the NFP report, may lead to higher disposable income and consumer spending, potentially driving greater adoption of digital assets.
Impact on Traditional Financial Markets: The NFP report has a more direct impact on traditional markets such as stocks, bonds, and currencies. Significant movements in these markets can spill over into the crypto space as investors adjust their portfolios or seek alternative investments.
It's important to recognize that cryptocurrencies are influenced by many factors beyond traditional economic indicators. Elements such as technological advancements, regulatory shifts, market sentiment within the crypto industry, and overall adoption trends all play a crucial role in shaping the market.
Trading is toughâanyone who says otherwise is either misleading you or selling a dream. Those of us who have been in the trenches understand how exhausting it can be. Itâs not just about risking capital; itâs about putting your dreams, hopes, and aspirations on the line. Like a Leviathan, the market demands discipline and resilience to navigate.
I wonât pretend I havenât felt the anxiety myselfâforgetting to set a stop loss or accidentally hitting âlongâ instead of âshortâ (yes, Iâve been there). But the real emotional strain comes when, despite meticulous research and planning, the market takes an unexpected turn, leaving you feeling like youâre in freefall.
Hereâs how I maintain balance and avoid being emotionally drained by the ups and downs:
1ď¸âŁ Prayer & Meditation â Reconnecting with my Creator grounds me. Even neuroscientist Andrew Huberman highlights the power of prayer. Itâs my anchor in the storm. 2ď¸âŁ Breathe â Life starts and ends with a breath. Take a moment. Inhale deeply. Exhale slowly. This simple practice restores clarity. 3ď¸âŁ Practice Gratitude â No matter how challenging the market gets, thereâs always something to be thankful for. Gratitude shifts your mindset from scarcity to abundance. 4ď¸âŁ Step Away from the Charts â Take a break. Spend time with loved ones or engage in activities you enjoy. The market isnât going anywhere.
By embracing these practices, you can trade with a sense of peace, even during the most turbulent times.
If this message resonates with you, consider tippingâyour support means everything!
#ShareYourTrade XRP ETF Could Soon Become a Reality, Says Ripple President as RLUSD Gains Momentum
Key Takeaways:
XRP ETF on the Horizon: Ripple President Monica Long believes an XRP exchange-traded fund (ETF) could follow Bitcoin and Ethereum ETFs, especially with the potential shift in U.S. administration favoring crypto regulation.
Regulatory Optimism: Long expects approvals for crypto ETFs to accelerate, citing a more crypto-friendly environment under a possible Trump administration.
RLUSD Expansion: Rippleâs RLUSD stablecoin is set to be listed on more exchanges soon and is positioned to play a major role in the firmâs payments and financial services.
Market Developments: RLUSD, launched in December on Ethereum and the XRP Ledger, currently holds a $72 million market capitalization. It recently integrated Chainlink services to enhance DeFi utility.
ETF Filings: Several asset managers, including Bitwise, Canary Capital, WisdomTree, and 21Shares, have filed for XRP ETFs, but no decision has been made yet.
XRPâs Performance: Since Trumpâs election victory, XRP prices have surged over 300%, surpassing other major cryptocurrencies, driven by optimism over regulatory shifts benefiting U.S.-based crypto firms like Ripple. #RippleUpdate
#CryptoMarketDip Dogecoin Drops 10% as Bitcoin Falls to $96K, Triggering $560M in Liquidated Long Positions
"Historical trends suggest that such declines often set the stage for stronger bullish rallies, particularly given our current position in the market cycle," one analyst noted, while others anticipate a volatile January. Key Takeaways:
Dogecoin Leads Losses: Among major cryptocurrencies, Dogecoin saw the biggest drop in the past 24 hours as Bitcoin fell from over $102,000 to nearly $96,000.
High Liquidations: Crypto futures betting on price increases faced $560 million in liquidations, marking a significant level early in the year.
Market Outlook: Singapore-based QCP Capital maintains its expectation of a volatile and uncertain crypto market in January. DOGE plunged 10%, with Solanaâs SOL, Cardanoâs ADA, BNB Chainâs BNB and ether (ETH) down at least 7%. Bitcoin fell 5.5%, while the broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market cap, fell 7.1%.
The upcoming launch of TREAT and the declining Shiba Inu reserves on exchanges indicate ecosystem expansion and reduced selling pressure, which could drive a price rally.
Over 44.6 billion SHIB were burned in 2024, underscoring ongoing efforts to decrease supply and enhance value.
Is a Bull Run on the Way?
Despite significant volatility, Shiba Inu (SHIB) had a strong performance last year, surging over 100% in value. The popular meme coin kicked off 2025 with a positive trend, gaining 12% in the past week.
SHIB Price Trends (Source: CoinGecko)
Several key factors suggest SHIBâs price may be gearing up for a more substantial move upward. One major catalyst is the upcoming launch of TREAT, a reward token designed to encourage user engagement within the Shiba Inu ecosystem, including its layer-2 scaling solution, Shibarium. Scheduled to go live on January 14, this new addition further strengthens SHIBâs growing ecosystem.
The introduction of TREAT could enhance investor confidence, attracting more participants and potentially fueling a price rally for the second-largest meme coin.
---
This version maintains the original meaning while improving clarity and flow. Let me know if you need further refinements!
Monday (22:30 UTC): Speech by Federal Reserve Governor Lisa Cook.
Tuesday (23:00 UTC):
U.S. December ISM Non-Manufacturing PMI
November JOLTs Job Openings
Wednesday (21:15 UTC): Release of December ADP Employment Data.
Thursday:
03:00 UTC: Minutes from the Federal Reserveâs December Monetary Policy Meeting
20:30 UTC: U.S. December Challenger Job Layoff Data
Friday (21:30 UTC):
U.S. December Unemployment Rate
U.S. Non-Farm Payroll Data (Seasonally Adjusted)
Market Sentiment and Reactions
Investors anticipate heightened market volatility as labor data and Fed meeting minutes offer insights into the central bankâs policy direction. UBS expects the labor market to cool gradually, providing the Fed with flexibility to adjust policy without drastic measures.
This weekâs economic indicators, particularly the non-farm payroll report, will be crucial in shaping the Federal Reserveâs next steps and influencing broader market trends.
Will the Federal Reserve lower interest rates in 2025? Economists predict that the Fed will continue reducing rates next year, though some are revising down the number of expected cuts.
On December 18, the Federal Reserve will release its Summary of Economic Projections (SEP), which will shed light on the FOMCâs expectations for 2025.
According to EY Chief Economist Gregory Daco, the Fed may project three rate cuts of 0.25 percentage points each for 2025, down from the four cuts anticipated in its September SEP release.
Economists and investors are almost certain that the Federal Reserve will cut interest rates for the third consecutive time on Wednesday, but the outlook for 2025 remains uncertain. The officials' projections for the upcoming year will be crucial and will influence how the markets respond.
The Federal Open Market Committee (FOMC), the central bank's decision-making body, will wrap up its two-day meeting on Wednesday afternoon. A policy announcement is scheduled for 2 p.m. Eastern time, followed by a press conference with Fed Chair Jerome Powell at 2:30 p.m.
Post from Odaily, recent figures from Tree News reveal that BlackRock's ETHA experienced a notable net inflow of $132.3 million yesterday. This considerable movement underscores the increasing interest and confidence from investors regarding this asset. The capital influx into ETH reflects a positive market sentiment, which may be influenced by larger trends in the cryptocurrency sector.
This significant capital movement into BlackRock's ETH may signify a strategic approach by investors looking to take advantage of potential opportunities within the digital asset arena. This comes at a time of fluctuating market conditions, where investors are on the lookout for stable and promising investment options. The net inflow highlights ETH importance in the current investment landscape, demonstrating its attractiveness to both institutional and retail investors.
As the cryptocurrency market continues to develop, such notable inflows are expected to affect market dynamics and investor strategies. The flow of funds into ETHA might also influence its performance and valuation, contributing to the broader discussion on the role of digital assets within diversified investment portfolios. This trend is anticipated to persist as market participants maneuver through the complexities of the evolving financial ecosystem. #FullMarketBullRun #ETHHits4KAgain #MarketNewHype #BTCNewATH
Good year. a lot of learning is start and go on the advance level
Binance Square Official
--
How was your year in Crypto? Explore your 2024 With Binance and share your results on Square with the hashtag #2024WithBinance to earn Binance points!Â
Donât forget to head to the Creator Center > Check-In to claim your points after youâve posted.Â
Campaign period: 3 December to 10 December 0600 UTC.Â
Share your results now
Login to explore more contents
Explore the latest crypto news
âĄď¸ Be a part of the latests discussions in crypto