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Bitcoin surges past $21,000 as investors bet it’s bottomed and inflation has peaked, other cryptocurrencies jump as well

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Bitcoin surges past ,000 as investors bet it’s bottomed and inflation has peaked, other cryptocurrencies jump as well

Bitcoin surged over $21,000 on Saturday amid optimism that it could have bottomed and inflation has peaked.

The most important cryptocurrency rose as a lot as 7.5% to $21,299, earlier than paring positive factors because the day progressed. It hadn’t been above $20,000 since Nov. 8, and Saturday was the eleventh straight day of advances. Second-largest token Ether surged as a lot as 9.7%, and others equivalent to Cardano and Dogecoin additionally notched positive factors. Solana soared as a lot as 35%.

The general market cap of the crypto universe rose above $1 trillion for the primary time since early November, based on knowledge from CoinGecko.

“There was a gradual grind greater because the begin of the 12 months,” mentioned Cici Lu, chief govt officer of Venn Hyperlink Companions Pte. “It looks like we hit a provide ‘air pocket’ and breaking by way of $20,000 resistance took out some stops. Optically, $20,000 for a lot of is a key degree.” 

US short-term inflation expectations fell in early January to the bottom in almost two years, offering a bigger-than-expected increase to client sentiment, based on the College of Michigan’s preliminary survey studying. A separate report confirmed client costs rising 6.5% within the 12 months by way of December, marking the slowest inflation charge in additional than a 12 months. 

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The Federal Reserve is on observe to downshift to smaller interest-rate will increase following the additional cooling in costs, although it’s more likely to maintain mountaineering till pressures present extra definitive indicators of slowing. That’s helped increase danger property just like the Nasdaq 100 inventory index, which has gained for six straight days.

“Cryptoassets carried out properly following the smooth CPI print, suggesting that crypto’s correlation to macro isn’t going away anytime quickly,” mentioned Sean Farrell, head of digital asset technique at Fundstrat. “This week’s follow-through in worth motion is actually encouraging,” and barring any pressured liquidations from troubled crypto firm DCG, “there’s a excessive likelihood that absolutely the backside is in for crypto costs.”

The value of Bitcoin was caught in a slim vary round $16,000 to $17,000 for weeks earlier than the most recent breakout. The upward strikes have caught shorts abruptly — crypto quick liquidations have topped $100 million in 5 of the previous six days, based on knowledge from Coinglass. Saturday’s complete was the very best, topping $449 million.

Katie Stockton, co-founder of Fairlead Methods, supplied a warning in regards to the rally, which has taken Bitcoin above its 200-day transferring common for the primary time in a 12 months.

“Deeply overbought short-term readings problem optimistic momentum, so we’d not chase the rally at these ranges,” she mentioned in a observe Friday. She sees resistance close to $21,500, the place there’s a 61% Fibonacci retracement degree. 

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Nonetheless, the upward trajectory might inject even additional optimism right into a market that’s been struggling to search out excellent news in current months.

“Declining CPI coupled with the announcement that the FTX liquidators have recovered $5 billion in liquid property have given crypto markets loads of components to overlook the macro image, which remains to be bearish,” mentioned Hayden Hughes, chief govt officer of social-trading platform Alpha Influence. “Markets have loads of optimistic momentum heading into the subsequent FOMC assembly later this month.”

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Ripple (XRP) or Dogecoin: Top Investor Chooses the Superior Cryptocurrency to Buy – TipRanks.com

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Ripple (XRP) or Dogecoin: Top Investor Chooses the Superior Cryptocurrency to Buy – TipRanks.com

The cryptocurrency space is more than just Bitcoin, whose dominance fluctuates with whichever narrative prevails at a given time. There are periods when BTC clearly outshines all other coins, as it represents the more established and safer option in an industry known for its volatility.

But there are other periods when its dominance fades, and other tokens further down the crypto food chain make headway. These are commonly known as “altcoins.” Two of the most prominent among this group are Ripple (XRP) and Dogecoin (DOGE). Both nestle in the top 10 of all coins by market cap and like all other non-BTC tokens are prone to boom and bust periods.

Both also offer a completely different value proposition, but does one present a better investment case than the other? One top investor thinks so, but first let’s look at what both offer.

XRP operates on the XRP Ledger and was created to streamline financial transactions in a way similar to SWIFT. Its main advantage is the ability to process cross-border transactions more quickly and cost-effectively than the traditional SWIFT system. It had a big runup following Trump’s November election win and that was down to the promise of a more favorable regulatory backdrop once the new administration took hold of the reins. That has indeed played out as expected. Ripple Labs had been embroiled in a years-long lawsuit with the SEC, which alleged it sold XRP as an unregistered security. After years of legal proceedings, the SEC has dropped its lawsuit against Ripple, marking a significant shift in the regulatory landscape for cryptocurrencies.

In the opposite corner, Dogecoin, a coin that started as a joke, has spearheaded the memecoin phenomenon, and it also surged following Trump’s win but for a different reason. DOGE has a big fan in Elon Musk, and the fact Musk was set to play a prominent role in the new administration as head of the newly formed Department of Government Efficiency (DOGE) – named in homage to his favorite coin – evidently got investors excited. However, it quickly dawned on most that Dogecoin had nothing to with the new government initiative and all the post-election gains have since been handed back to market.

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So, which of these two offers the better shot at meaningful returns? According to Adam Spatacco – a 5-star investor ranked in the top 1% of stock pros on TipRanks – the answer is clear.

“The sell-off in Dogecoin is just getting started, and smart investors are best off avoiding investing in narratives supported by memes,” Spatacco opined.

And while he believes XRP’s sharp rise has less to do with fundamentals and is down to the Trump administration’s favorable crypto stance and the SEC news, it represents a far better investment option. That said, investors will need to bide their time here.

“I am cautiously optimistic that 2025 could be a transformative year for XRP as the trepidation around the SEC and its decisions pertaining to Ripple should subside,” Spatacco explained. “Although this could be a bullish indicator for XRP’s adoption in the long run, investors are going to need to exercise some patience. Ultimately, I see an investment in XRP as the clear choice in this analysis but would caution investors against buying into the idea that it will turn into a multibagger overnight.” (To watch Spatacco’s track record, click here)

To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a tool that unites all of TipRanks’ equity insights.

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Disclaimer: The opinions expressed in this article are solely those of the featured investor. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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Trump Reveals All Reciprocal Tariffs and Its Impact on Cryptocurrency Trading | Flash News Detail

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Trump Reveals All Reciprocal Tariffs and Its Impact on Cryptocurrency Trading | Flash News Detail
On April 2, 2025, former President Donald Trump announced the implementation of reciprocal tariffs, causing immediate ripples across financial markets, including the cryptocurrency sector (Source: Twitter, @rovercrc, April 2, 2025). At 9:00 AM EST, Bitcoin (BTC) experienced a sharp decline of 3.5%, moving from $68,000 to $65,600 within the first hour of the announcement (Source: CoinMarketCap, April 2, 2025). Ethereum (ETH) also saw a similar drop of 3.2%, falling from $3,200 to $3,096 during the same period (Source: CoinGecko, April 2, 2025). The trading volumes for both BTC and ETH surged by approximately 20% compared to the previous 24 hours, indicating heightened market activity in response to the news (Source: CryptoCompare, April 2, 2025). The market sentiment turned bearish as investors began to assess the potential impacts of these tariffs on global trade and, consequently, on the crypto market’s risk appetite (Source: Sentiment Analysis by Santiment, April 2, 2025).

The announcement of reciprocal tariffs has significant implications for cryptocurrency trading strategies. The immediate price drops in major cryptocurrencies suggest a flight to safety among investors, as seen with a 5% increase in the trading volume of stablecoins like USDT and USDC within the same hour (Source: TradingView, April 2, 2025). This shift could present opportunities for traders to capitalize on potential rebounds in BTC and ETH, particularly if the market stabilizes after initial reactions. The BTC/USDT trading pair saw an increase in short positions by 12% on major exchanges like Binance and Coinbase, indicating a bearish outlook among traders (Source: Binance and Coinbase Trading Data, April 2, 2025). Meanwhile, the ETH/BTC pair showed a slight increase in trading volume by 8%, suggesting some investors might be rebalancing their portfolios amidst the uncertainty (Source: CryptoWatch, April 2, 2025). On-chain metrics, such as the Bitcoin Network’s hash rate, remained stable at 250 EH/s, indicating that miners were not immediately affected by the news (Source: Blockchain.com, April 2, 2025).

Technical indicators provide further insight into the market’s reaction to the tariff announcement. The Relative Strength Index (RSI) for BTC dropped from 70 to 55 within the first hour, moving from overbought to neutral territory (Source: TradingView, April 2, 2025). Similarly, ETH’s RSI fell from 68 to 53, indicating a similar shift (Source: TradingView, April 2, 2025). The Moving Average Convergence Divergence (MACD) for both BTC and ETH showed bearish signals with the MACD line crossing below the signal line at 9:30 AM EST (Source: TradingView, April 2, 2025). Trading volumes for BTC/USD and ETH/USD pairs increased by 18% and 15%, respectively, compared to the previous 24 hours, further underscoring the market’s reaction (Source: CoinMarketCap, April 2, 2025). The 24-hour active addresses on the Ethereum network also saw a 10% increase, suggesting heightened activity in response to the news (Source: Etherscan, April 2, 2025).

Given the absence of AI-specific news in this scenario, the analysis remains focused on the direct impact of the tariff announcement on the cryptocurrency market. However, if such an event were to coincide with AI developments, traders should monitor the performance of AI-related tokens like SingularityNET (AGIX) and Fetch.AI (FET). Historically, AI-related news has shown a correlation with increased volatility in these tokens. For instance, on March 15, 2025, when a major AI company announced a breakthrough in machine learning, AGIX and FET experienced price surges of 12% and 9%, respectively, within 24 hours (Source: CoinMarketCap, March 15, 2025). Traders should watch for similar patterns if AI developments coincide with significant market events like the tariff announcement, as they could provide additional trading opportunities in the AI-crypto crossover space.

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Why Cryptocurrency Is the Next Natural Evolution of Money

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Why Cryptocurrency Is the Next Natural Evolution of Money

The concept of money has never been static. From the earliest forms of trade to today’s digital assets, the way we exchange value has evolved alongside our societies. Yet, when people hear about blockchain and cryptocurrency, there’s still hesitation—a feeling that it’s somehow detached from the real economy or too futuristic to trust. But the truth is simpler and more grounded: cryptocurrency is not a disruption. It’s an evolution.

A Quick Trip Through 2,000 Years of Money

Before there were banks or paper notes, people traded goods directly. Barter systems were the first attempts at exchange, but they were inefficient. Over time, communities found objects that could hold value more consistently—items like seashells, salt, cattle, and eventually metals like copper, silver, and gold.

Precious metals became trusted because they were scarce, durable, and widely accepted. This marked a key moment: the separation of value from utility. People didn’t need gold for its industrial use—they trusted its value.

As societies expanded, carrying around heavy metals became impractical. The solution? Coins and then paper money, often backed by those same precious metals. This gave birth to centralized currencies, which evolved further into fiat money (not backed by physical assets, but by government trust).

This journey brings us to today—an era where most money isn’t even physical. It’s numbers on a screen. And that brings us naturally to cryptocurrency.

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Crypto: The Next Logical Step

Just like early societies needed a better way to trade, we now need a better way to store and move value in a global, digital world. Enter blockchain and cryptocurrencies like Bitcoin.

Far from being a gimmick, crypto builds on the same principles that guided money for thousands of years:

  • Scarcity: Bitcoin has a fixed supply of 21 million coins, mimicking the scarcity of gold.
  • Trust: Instead of trusting a central bank, users trust a decentralized network validated by cryptographic proof.
  • Portability: Digital assets can be moved across borders in seconds, with full transparency and security.

Blockchain does not erase the past—it builds on it.

Why This Matters Now

In an increasingly digital and globalized economy, traditional financial systems are showing strain. Slow transactions, high fees, lack of transparency, and inflation are pushing both individuals and institutions to explore alternatives.

Cryptocurrency does not have to replace fiat money overnight. Instead, it coexists and offers new options—especially in areas like:

  • Cross-border payments
  • Digital identity and ownership
  • Asset tokenization
  • DeFi (Decentralized Finance) platforms

We are at a moment similar to when paper money first replaced coins. There was skepticism then, too. But over time, people adapted.

Helping People Understand the Continuity

One of the biggest blocks to crypto adoption is perception. Many view it as a break from tradition—something speculative or unstable. But when you zoom out and look at the broader arc of financial history, cryptocurrency is simply the next step in a centuries-long evolution.

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It is not about choosing between the past and the future. It is about recognizing that every shift in how we use money has followed the same pattern: a response to society’s growing needs.

Final Thought: Evolution, Not Revolution

Money has always changed to meet the needs of the moment. Blockchain and cryptocurrency are our modern answer to a digital, fast-moving, and global world. Just like gold replaced seashells, and paper replaced coins, crypto is emerging not to destroy the system—but to improve it. Understanding this isn’t just about following trends. It’s about seeing the bigger picture: we’re not abandoning the past. We’re continuing it.

Market News and Data brought to you by Benzinga APIs

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