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news-imageJanuary 9, 2025

Bitcoin, Ethereum, XRP, Dogecoin Extend Losses: 'Proper Move' Possibly Only By The End Of January, Trader Warns

Cryptocurrency markets are trading lower amid looming tensions of reduced expectations of Federal Reserve interest rate cuts and a potential massive BTC sell-off from the U.S. government. Cryptocurrency Price 24-Hour Gains +/- Bitcoin (CRYPTO: BTC) $91,400 -2.7% Ethereum (CRYPTO: ETH) $3,172 -3.2% Solana (CRYPTO: SOL) $182.4 -6.5% XRP (CRYPTO: XRP) $2.28 -1.4% Dogecoin (CRYPTO: DOGE) $0.3181 -6.3% Shiba Inu (CRYPTO: SHIB) $0.00002088 -1% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 7.6% and daily active addresses remaining relatively flat.
Publisher: Benzinga
Sentiment: Negative
BTC
DOGE

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cover-imageCoinPedia
January 10, 2025

XRP Price Prediction For January 10

XRP remains in a sideways trading range and the price is currently down by more than four percent. For the breakout to be confirmed, XRP needs to break above the $2.51 level. This level is an important first indication that the low is likely in and the market could begin to move higher.

Neutral
cover-imageThe Currency Analytics
January 10, 2025

XRP Price and Mass Adoption: Experts Debate What's Needed

A recent commentary from market analyst Lord Vendetta has fueled a heated discussion within the XRP community about the cryptocurrency's price and its ability to handle mass adoption, especially by global financial institutions. His remarks suggest that even a price of $50 for XRP may not be sufficient to support the scale of transactions expected from mass adoption, which has led to a debate over how high the XRP price could go.

Positive
cover-imageBitcoin
January 10, 2025

Ripple Unleashes RLUSD on Bitstamp With High-Impact Trading Pairs

Ripple USD (RLUSD) has debuted on Bitstamp, offering global liquidity in key pairs and emphasizing stability, compliance, and utility for payments, tokenization, and decentralized finance. RLUSD Rolls Out on Bitstamp With Global Liquidity in Key Trading Pairs Ripple USD (RLUSD), an enterprise-grade stablecoin pegged to the U.S.

Neutral
cover-imageTokenpost
January 10, 2025

Concerns Over U.S. Silk Road Bitcoin Sales May Be Overblown, Analyst Says

Market fears over a potential sell-off of Bitcoin seized by the U.S. government from the dark web marketplace Silk Road are exaggerated, according to an analysis by CoinDesk senior analyst James Van Straten. Recent reports revealed that the U.S. Department of Justice (DOJ) had obtained the authority to sell 69,370 BTC (approximately $6.5 billion) confiscated from Silk Road.

Positive
cover-imageThe Currency Analytics
January 10, 2025

El Salvador Expands Bitcoin Holdings, Purchases 11 BTC in Single Buy

El Salvador, the first country to adopt Bitcoin as legal tender, has once again increased its cryptocurrency holdings with the purchase of 11 BTC. This move, confirmed by President Nayib Bukele via a tweet on January 8, 2025, highlights the government's continued commitment to Bitcoin, despite fluctuations in the global market.

Neutral
cover-imageNewsBTC
January 10, 2025

Bitcoin Not Reached ‘Extreme Euphoria' Phase Yet, Glassnode Reveals

The on-chain analytics firm Glassnode has revealed the level Bitcoin would have to rise to if it has to reach the historical top zone in this pricing model. Bitcoin Hasn't Surpassed Last MVRV Pricing Band Yet In a new post on X, Glassnode has talked about the extreme euphoria threshold of the Bitcoin Market Value to Realized Value (MVRV) Pricing Bands.

Positive
cover-imageThe Currency Analytics
January 9, 2025

Bitcoin: The New S&P 500? CEO Anthony Pompliano Thinks So

Bitcoin, the world's leading cryptocurrency, has been making waves in the investment sector, and some believe it's evolving into something even more significant: a benchmark for the new digital economy. Anthony Pompliano, CEO of Professional Capital Management, recently compared Bitcoin to the S&P 500, suggesting that the digital asset has become the preferred benchmark for younger investors.

Positive
cover-imageNewsBTC
January 9, 2025

Bitcoin Alert: Here's Why The Trump Inauguration Is A ‘Buy The News' Event

Bitcoin has fallen to a low of $92,508 on January 8 after previously hitting $102,357 on Monday, marking almost a 10% retreat in a matter of days. The immediate catalyst appears to be the January 7 spike in US Treasury yields, with the 10-year rate hitting 4.67% following an unexpectedly strong ISM Prices Paid Index and higher-than-anticipated JOLTS job openings.

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