XRP price dived to its lowest point in 12 days as the cryptocurrency sell-off accelerated amid fears surrounding DeepSeek. Ripple (XRP) dropped to $2.
After a steady weekend hovering around $105,000, when Bitcoin price drop they shocked the markets with a sharp decline on Monday. Falling below the significant $100,000 mark, the downturn wiped out billions from the market and caused one whale to lose a staggering $100 million in a single trade.
Overzealous hopes for Trump's crypto actions last week had primed the market for a pullback, but the decline could be already over, said Standard Chartered's Geoff Kendrick.
The company acquired another $1.1 billion worth of Bitcoin last week, increasing its digital asset holdings to 471,107 BTC.
In a latest development, Ripple has obtained Money Transmitter Licenses (MTLs) in New York and Texas, further expanding its presence in the U.S. These licenses enable Ripple to offer compliant cross-border payment services, enhancing its ability to provide financial institutions and crypto businesses with faster, more efficient payment solutions.
As news of China's Deepseek circulated over the weekend, bitcoin slipped below $100,000 just a week into Trump's presidency. Strategic Bitcoin Reserve Needed For Bitcoin Pump QCP Group's market insights reflected on bitcoin (BTC) dipping below $100,000 with other risk assets also declining, as concerns over China's Deepseek technology rippled through global markets.
Michael Saylor announced today that MicroStrategy paid $1.1 billion to acquire 10,107 Bitcoin, only six days after making a similar purchase. This move reflects a broader trend in the firm's purchasing strategy.
Bitcoin is down Monday, but MicroStrategy keeps buying, revealing its 12th straight weekly BTC purchase as its stash nears $50 billion.
San Francisco-based enterprise blockchain company Ripple has received Money Transmitter Licenses (MTLs) in New York and Texas, according to a Monday announcement.
TL;DR Inflow of $1.9 billion driven by presidential executive orders has enhanced Bitcoin's perception as a long-term strategic reserve asset amidst global economic uncertainty. Bitcoin captures 92% of the inflows, with $1.6 billion out of the total $1.9 billion, solidifying its position as the market leader against smaller cryptocurrencies.
Bitcoin is expected to consolidate for an extended period before recovering, making short-term rebounds unlikely under current conditions.
MicroStrategy has announced plans to raise additional funds to expand its Bitcoin holdings through a public offering of Strike Preferred Stock (STRK), according to a Jan. 27 statement. The company aims to issue 2.5 million shares of its Series A Perpetual Strike Preferred Stock, subject to regulatory approval and prevailing market conditions.
Ripple was awarded financial licenses in New York and Texas, which allow the firm to extend its payment services to more U.S. users.
What's really behind the crypto community's divide?
The price action of XRP against leading cryptocurrency Bitcoin (BTC) has long been one of the main topics of crypto market discussion, and as it seems from recent developments that it will not go away in the near future.
Ripple has secured Money Transmitter Licenses (MTLs) in New York and Texas, marking another step in its U.S. expansion. These licenses, crucial for offering compliant cross-border payment services, strengthen Ripple's ability to provide financial institutions and crypto businesses with faster and more efficient payment solutions.
Cryptocurrency analysts of Coinidol.com report, the Bitcoin (BTC) price is currently sinking into the moving average lines after hitting resistance at $107,360.
A new XRP price prediction has surfaced, with a crypto analyst forecasting that the popular altcoin will experience a dynamic surge to $5.85 in the new week. Based on the Elliott Wave Theory and key technical indicators, the analysis outlines how XRP could see a significant upside after breaking out a symmetrical triangle pattern.
Ethereum continues to underperform in the ongoing bull market cycle as the crypto asset records another bearish month, raising concerns about its potential to go parabolic in the short term. However, the month of February presents another chance for ETH to grow due to its notable performance in the month over time.
A crypto strategist believes that Bitcoin (BTC) and Ethereum (ETH) have more room to run to the upside this cycle before the markets take a bearish turn. Trader Ali Martinez tells his 120,000 followers on the social media platform X that he's looking at Bitcoin's Mayer Multiple to time BTC's market top.
TL;DR MicroStrategy acquired 10,107 BTC for approximately $1.1 billion, at an average price of $105,596 per bitcoin, further strengthening its position. The company now holds 471,107 BTC, representing over 2.2% of the total circulating bitcoin supply, consolidating its corporate leadership.
Bitcoin (BTC) "new whales", i.e., accounts holding 1,000+ BTC each for less than 155 days, amassed massive amounts of the digital gold.
Ethereum price is under pressure from multiple fronts, including a sharp decline in DeFi performance, but is it all gloom?
The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) remains one of the most pivotal cases in the cryptocurrency world. Ripple has recently requested a deadline of April 16, 2025, to respond to the SEC's appeal, adding a new twist to this high-profile dispute.
The past few days on the crypto market have been anything but pleasant. Total liquidations across leveraged positions have approached the $1 billion mark, leaving bulls with the lion's share of losses.
In a recent development, Standard Chartered's Geoffrey Kendrick has advised the investors to “buy the dip” in Bitcoin, as the cryptocurrency faces pressure from its growing correlation with the Nasdaq. Kendrick highlighted Bitcoin is now more closely correlated with the Nasdaq than with gold.
The world of cryptocurrencies has experienced a major upheaval, marked by the spectacular rise of XRP, the token of Ripple. Usually dominated by Bitcoin and Ethereum, market attention has shifted at the end of 2024 towards this cryptocurrency, which has seen its market capitalization soar by 246% in just three months.
Bitcoin mining difficulty has recorded its first decline in four months, marking the end of a streak that saw it rise eight consecutive times. According to data from Cloverpool, the mining difficulty fell 2.12% in its latest adjustment on January 27, which occurred at block height 880,992.
A popular crypto analyst is super bullish on Ethereum's native token, Ether (ETH), suggesting that a $20,000 price for the world's second-largest cryptocurrency by market cap is in the making despite the current bearish sentiment.
Ethereum Layer 2 chain Abstract Chain has gone live on the mainnet and is available for public use.
Declining Open Interest Delta suggests that Bitcoin may face a significant correction, potentially dropping by 50%.
Ripple's expanded regulatory approvals in key US states enhance its competitive edge in the evolving cross-border payments landscape. The post Ripple obtains Money Transmitter Licenses in Texas, New York appeared first on Crypto Briefing.
Industry players across the U.S. are enthusiastic about what the next four years have in store, the firm said.
The company now holds over 55 Money Transmitter Licenses in the US. Its domestic hiring in the country has also doubled since 2023.
TL;DR Bitcoin briefly dropped to $98,000 and is now hovering around $100,500, showing a 4.14% loss amid financial uncertainty. Arthur Hayes predicts a correction to $70,000-$75,000 before a potential surge to $250,000 by the end of 2025. The rise of AI with applications like DeepSeek and a new crypto regulation group in the U.S.
Nasdaq has proposed a new system for BlackRock's iShares Bitcoin ETF, allowing institutional investors to redeem shares directly for bitcoin instead of cash. This innovative model aims to streamline operations, cut costs, and reduce market impact, marking a significant step forward in the evolution of Bitcoin ETFs.
Ethereum has experienced a significant surge in institutional adoption, primarily driven by the increasing popularity of Ethereum-based exchange-traded funds (ETFs). These funds have seen over $5 billion in inflows since late 2024, highlighting Ethereum's growing appeal as an investment asset.
MicroStrategy announced the acquisition of 10,107 BTC for $1.1 billion raising its total Bitcoin holdings to 471,107 Bitcoins.
Ripple-promoted cryptocurrency XRP, Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) nosedived by double-digits on Monday morning, a casualty of a badly bleeding crypto market as Bitcoin, the world's largest cryptocurrency by market cap, fell under the psychologically important $100,000 level.
Despite its historic embrace of Bitcoin, El Salvador has failed to expand its Bitcoin ATM network beyond 215 machines.
In a recent analysis shared on X, on-chain analytics platform Glassnode indicated that the hourly funding rates across the top five assets on the market — Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP and Dogecoin (DOGE) — show that the appetite for long positions has not returned to levels seen during the November-to-early-December rally. This suggests a lack of aggressive demand on the markets.
Bitcoin's price has once again failed to break above the $108K resistance level, as the crypto market is correcting going into the new week.
DeepSeek is creating waves across the segment of Artificial Intelligence (AI), and is most interestingly raising questions about opportunities that it brings to the world. At the top is a way in which DeepSeek could help in Donald Trump's Bitcoin push while aiding BlackRock's IBIT.
Last week XRP replaced tether (USDT) as the third largest cryptocurrency by market cap. As Trump's inauguration approaches, anticipation of a crypto-friendly agenda—including regulatory reforms and a potential Bitcoin reserve— reached a fever pitch. This editorial is from last week's edition of the Week in Review newsletter.
MicroStrategy's strategy could influence corporate treasury practices, potentially increasing Bitcoin's role in financial diversification. The post MicroStrategy doubles down on Bitcoin, files shelf registration statement for flexible capital raising appeared first on Crypto Briefing.
Michael Saylor's MicroStrategy has expanded its Bitcoin holdings once again, acquiring an additional 10,107 BTC for $1.1 billion.
Different coins are bleeding red on the broader cryptocurrency market as most have crashed below critical support levels. XRP has followed the same trajectory, losing about $0.43 within the last 24 hours of trading activities.
MicroStrategy announced a Bitcoin scoop for the twelfth consecutive week, while also unveiling a new offer stock offering to finance more crypto purchases.