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Chain Reaction Podcast: Your daily crypto fix in just 10 minutes |
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Short on time? Keep up with crypto's rapid pace in just 10 minutes a day. No need to sift through endless articles—"Chain Reaction" distills the most important updates and insights into quick, digestible episodes. |
Why listen? What's in it for you? |
Relevant updates: Get the latest market trends and impactful events. Fresh perspectives: Gain insights that help you connect the dots. Hear the "why" behind the "what" from our team of seasoned analysts. Efficient format: Stay informed and ready to act with bite-sized episodes that cut through the noise.
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On the radar |
Our latest episode takes a closer look at: |
Ethereum's $10B leverage: Assessing liquidation risks and its impact on the broader market. Singapore's crypto crackdown and regulatory hurdles: Exploring Polymarket's ban and its implications. XRP, Solana, and institutional ETFs: JP Morgan's take on the evolving ETF landscape. Market movements and volatility: Insights into Dogecoin's swings, Kaspa's bearish signs, and whale activity with ai16z tokens. Global and U.S. crypto developments: UAE's crypto success story and Trump's plans for blockchain integration and potential crypto-specific executive orders.
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How to tune in |
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Start your day smarter—click, listen, and lead the conversation! |
Trump's crypto reforms could propel Bitcoin toward $100 Trillion market cap |
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Key points: |
Bitcoin surged toward $100,000, fueled by anticipation of crypto-friendly policies under President-elect Donald Trump's administration. Trump's reported day-one executive orders may repeal controversial crypto policies, sparking predictions of a $100 trillion Bitcoin market cap.
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News: Trump's crypto executive orders could transform the industry - As Donald Trump prepares to re-enter the White House on January 20, 2025, his administration is reportedly planning a series of crypto-focused executive orders that could reshape the industry. Leaks suggest that these orders will address de-banking concerns and repeal the controversial Securities and Exchange Commission (SEC) staff accounting bulletin, SAB121, which forces banks holding crypto to count it as a liability. |
The removal of SAB121 has been labeled a potential "game-changer" by MicroStrategy's Michael Saylor, who claims it could drive Bitcoin prices to $5 million per coin, pushing its market cap to an unprecedented $100 trillion. |
Market reactions: Bitcoin rallies amid policy optimism - Bitcoin has rebounded strongly after dipping below $90,000, rallying toward six figures. The recovery is driven by optimism surrounding Trump's pro-crypto stance and expectations of deregulation. Venture capitalist Marc Andreessen and Trump's crypto czar David Sacks are reportedly collaborating with the incoming administration to craft policies that benefit the industry. |
Trump's focus on crypto regulations marks a departure from the previous administration, which faced criticism for fostering an environment where banks reportedly severed ties with crypto companies. This alleged "Operation ChokePoint 2.0" led to significant challenges for the sector. |
What's next? - Key players like BlackRock and MicroStrategy have already set the stage for institutional crypto adoption. BlackRock's iShares Bitcoin ETF, which debuted in 2024, has seen meteoric growth, and fair value accounting standards introduced last year have made it easier for companies to hold Bitcoin on their balance sheets. |
With the final catalyst—SAB121's repeal—potentially on the horizon, industry leaders and analysts remain bullish. Julian Fahrer, CEO of Apollo, summed up the sentiment stating that the first two catalysts are here and that now all eyes are on January 20. |
If Trump's executive orders materialize as expected, Bitcoin could not only solidify its position as a key financial asset but also chart a path to historic valuation milestones. |
Tom Emmer to shape U.S. crypto and AI policies as Subcommittee Vice Chair |
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Key points: |
Tom Emmer has been named vice chair of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. The subcommittee will focus on crafting a regulatory framework for digital assets and AI while maintaining the US as a leader in financial innovation.
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News: Leadership announcement in key crypto subcommittee - Minnesota Representative Tom Emmer has been appointed vice chair of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. His role underscores a pivotal shift in US crypto policy, coinciding with the upcoming Trump administration, which is expected to emphasize financial innovation. |
"With President Trump in the White House, and Gary Gensler confined to the waste bin of Washington, we have an excellent opportunity to ensure that the future of digital assets is guided by Americans, with American values," Emmer stated on X. |
Regulatory priorities - The subcommittee, formed in 2023, aims to address pressing issues in crypto and AI. Committee Chairman French Hill highlighted plans to craft a balanced regulatory framework that supports innovation while protecting investors. This aligns with earlier comments from Congressman Bryan Steil, who stressed the urgency of establishing clear guidelines for the crypto industry. |
French Hill also confirmed that creating a crypto regulatory framework is a priority for 2025, ensuring the US remains at the forefront of financial technology. |
What's next? - With President-elect Donald Trump's inauguration on January 20, swift executive actions on digital assets are anticipated. Industry experts expect these measures to align with Emmer's commitment to promoting American leadership in crypto and addressing economic challenges such as inflation and spending. |
Emmer's appointment signals a proactive stance toward digital assets, potentially shaping the global narrative on crypto and AI. |
Bitcoin breakout expected ahead of January FOMC meeting, analysts say |
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Key points: |
Bitcoin trades at $96,794, with a narrowing triangle pattern signaling a price breakout is imminent, according to 10x Research. The Federal Reserve's January 29 FOMC meeting could be the pivotal moment for Bitcoin's next major price move, influenced by inflation data and interest rate expectations.
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News: Analysts predict imminent Bitcoin breakout - Bitcoin is poised for a significant price breakout by the end of January 2025, with the upcoming Federal Open Market Committee (FOMC) meeting on January 29 likely serving as the key catalyst, says Markus Thielen, Head of Research at 10x Research. |
"Bitcoin trades within a narrowing triangle, signaling a breakout is imminent — likely no later than the January 29 FOMC meeting," Thielen noted in a January 14 report. However, he cautioned that the breakout could swing the price either upward or downward, urging traders to follow the trend regardless of direction. |
The FOMC meeting's role in Bitcoin's trajectory - The January FOMC meeting, the Federal Reserve's first interest rate decision of 2025, is a focal point for the crypto market. The hawkish stance delivered by Fed Chair Jerome Powell in December 2024 has tempered market expectations, with the CME FedWatch Tool showing a 38.3% probability of no rate cuts in the first half of the year. |
Inflation concerns loom large as well. According to Thielen, if inflation comes in cooler than expected, it could trigger a Bitcoin rally. |
Bitfinex echoed similar sentiments in its January 13 report, describing the Fed's recent approach as "one of the most hawkish stances in recent months." The report warned that Powell's suggestion of fewer rate cuts in 2025 presents a bearish outlook for risk assets like Bitcoin. |
Market sentiment: Caution ahead of Trump's inauguration - Adding to market uncertainty is the impending inauguration of President-elect Donald Trump on January 20. Thielen advised caution, stating that Bitcoin might consolidate over the next two months due to weak market drivers. |
Crypto analyst Lark Davis drew comparisons between the current market and the lead-up to the 2021 inauguration. Back then, Bitcoin experienced a dip before rebounding sharply post-inauguration. "While history may not repeat itself, it often rhymes," Davis remarked. |
What's next? - If Bitcoin breaks upward, it could revisit the $100,000 psychological level and potentially rally further. A downward breakout might push Bitcoin into consolidation, with analysts watching the mid-March period for renewed momentum. |
Traders and investors are keeping a close watch on upcoming macroeconomic events, which could determine whether Bitcoin reclaims its bullish narrative or faces prolonged consolidation. |
XRP surges 12% amid whale accumulation and ETF speculation—Santiment |
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Key points: |
XRP spiked 12%, trading at $2.83, its highest level since early 2018. Whales accumulated 1.43 billion XRP since November, driving bullish momentum, according to Santiment.
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News: Whale activity and ETF hopes propel XRP - XRP, the third-largest cryptocurrency by market cap, surged 12% within 24 hours, fueled by significant whale accumulation and speculation about a potential US-based XRP exchange-traded fund (ETF). The price hit $2.83, marking its highest point since early 2018, according to CoinMarketCap data. |
Blockchain analytics firm Santiment highlighted the aggressive buying behavior of wallets holding 1 million to 10 million XRP tokens. These wallets have added 1.43 billion XRP since November 12, representing a 37.4% increase in holdings. |
Market optimism surrounding President-elect Donald Trump's inauguration and pro-crypto sentiment in Washington has further buoyed XRP's price. Additionally, ongoing speculation about a potential XRP ETF listing has amplified bullish market activity. |
Analysis: Ripple's legal victory and market sentiment - The anticipation of legal clarity surrounding Ripple's ongoing case with the SEC has also contributed to the positive sentiment. Sean Dawson, Head of Research at Derive, noted that a favorable ruling in Ripple's legal battle could cement XRP's regulatory position, fueling further price growth. |
Dawson added that while the SEC may appeal, the current administration's pro-crypto stance is expected to influence regulatory bodies and their enforcement decisions. |
What's next? XRP ETPs and market potential - Looking ahead, banking giant JPMorgan has projected strong adoption rates for XRP exchange-traded products (ETPs). A recent report estimates that XRP ETPs could attract between $4 billion and $8 billion in net new assets within their first six months of trading, outperforming Ether-based ETFs. |
With continued whale activity and a favorable macroeconomic backdrop, XRP appears well-positioned for further gains. However, market participants remain cautious, keeping an eye on the SEC's legal maneuvers and broader crypto market trends. |
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More stories from the crypto ecosystem |
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Did you know? |
The first NFT real estate sale took place in 2021, when a property in the U.S. was sold as a non-fungible token (NFT). The property, located in Florida, was sold with all ownership rights represented by an NFT, making it a pioneering moment for combining blockchain technology with real estate transactions. In 2021, a decentralized autonomous organization (DAO) called ConstitutionDAO raised over $40 million in just a few days to try and purchase a rare copy of the U.S. Constitution at auction. While they lost the auction, the effort demonstrated the growing power of DAOs and community-driven funding models in the crypto space. Bitcoin transactions have been integrated into physical objects, with QR codes representing transactions often etched or printed on items like 3D-printed objects. This innovative use of blockchain technology demonstrates the potential to connect the digital and physical realms.
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Top 3 coins of the day |
XDC Network (XDC) |
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Key points: |
At press time, XDC was trading at $0.118, reflecting an 8.70% increase over the last 24 hours. It was the biggest gainer and one of the top trending coins, as per CoinMarketCap.
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What you should know: |
XDC witnessed a strong bullish surge, gaining 8.70% over the last 24 hours. The daily chart showed the price firmly above its 9-day Simple Moving Average (SMA), indicating sustained upward momentum. The Chaikin Money Flow (CMF) was at 0.20, signaling significant accumulation as buyers dominated the market. Volume activity spiked, reinforcing the bullish trend and confirming robust trading interest in XDC. Immediate support lies near the 9-day SMA at $0.09948, which could act as a buffer in case of minor retracements. Resistance levels may emerge around $0.125, where traders might take profits. XDC's strong performance highlights its current appeal among investors. Traders should monitor the CMF for signs of continued buying interest and the SMA for potential trend shifts. |
Stellar (XLM) |
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Key points: |
At press time, XLM was trading at $0.4664, reflecting an 8.39% increase over the last 24 hours. It remained one of the top trending cryptocurrencies, as per CoinMarketCap.
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What you should know: |
XLM demonstrated strong bullish momentum, gaining 8.39% in the last 24 hours. The daily chart showed the Parabolic SAR dots positioned below the price, signaling an ongoing uptrend supported by sustained buying pressure. The Relative Strength Index (RSI) stood at 60.20, indicating positive momentum but staying below overbought levels. This suggests room for further upward movement. Volume also saw a notable uptick, confirming increased interest among traders. Immediate support lies near $0.4300, where recent consolidations occurred. Resistance could be encountered around $0.5000, a psychological barrier that traders may closely watch. XLM's rise in trading activity and price action highlights its growing appeal. Traders should monitor RSI levels and Parabolic SAR positions for further confirmation of sustained bullish momentum. |
Ondo (ONDO) |
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Key points: |
At press time, ONDO was trading at $1.15, reflecting a 3.44% decrease over the last 24 hours. It ranked among the biggest losers in the market, as per CoinMarketCap's data.
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What you should know: |
ONDO experienced a notable decline of 3.44% in the last 24 hours, cementing its position as one of the biggest losers in the market. The Bollinger Bands indicated increased volatility, with the price nearing the lower band at $1.09, signaling potential oversold conditions. The Moving Average Convergence Divergence (MACD) showed bearish momentum, with the MACD line (blue) remaining below the signal line (orange) and red histogram bars indicating ongoing selling pressure. Volume levels were steady, reflecting cautious market sentiment. Immediate support lies around $1.10, aligned with the lower Bollinger Band, while resistance is positioned near $1.37, the middle band. Traders should monitor ONDO's movement, as a break below support could lead to further declines toward $1.00, while sustained buying might trigger a recovery to the $1.25-$1.30 range. |
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