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news-imageJanuary 6, 2025

Bitcoin, Ethereum, XRP, Dogecoin See 'Another Monday Open Pump,' Trader Predicts Next Move After 'Unemployment Data On Friday'

Cryptocurrency markets are trading higher on Monday after MicroStrategy and Metaplanet announced having acquired more BTC. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $101,987.32 +4% Ethereum (CRYPTO: ETH) $3,689.41 +1.4% Solana (CRYPTO: SOL) $220.19 +3.4% XRP (CRYPTO: XRP) $2.43 +1.8% Dogecoin (CRYPTO: DOGE) $0.3895 +1.9% Shiba Inu (CRYPTO: SHIB) $0.00002427 +2.3% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 5.3% and daily active addresses remained flat at 1.25 trillion.
Publisher: Benzinga
Sentiment: Positive
BTC
DOGE

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Positive
cover-imageThe Currency Analytics
January 8, 2025

Grayscale and Artemis Label XRP as a Store of Value

XRP, the native cryptocurrency of the XRP Ledger, has recently earned recognition as a “store of value” from two major digital asset firms—Grayscale and Artemis. This significant classification places XRP alongside other high-caliber cryptocurrencies, cementing its place in the digital asset landscape.

Positive
cover-imageTokenpost
January 8, 2025

Ripple CEO Meets Trump Over Dinner: "Strong Start to 2025"

Ripple CEO Brad Garlinghouse has revealed that he dined with U.S. President-elect Donald Trump and Ripples Chief Legal Officer Stuart Alderoty, signaling optimism for 2025. Taking to X (formerly Twitter) on January 8, Garlinghouse shared, Had a fantastic dinner with Donald Trump and Stuart Alderoty.

Negative
cover-imageCoinPedia
January 8, 2025

Time to Buy XRP? $60.7M in XRP Outflow from Exchanges Amid Crash

XRP, the native token of Ripple Labs, is poised for a massive price decline as it fails to hold a crucial support level. Despite this bearish outlook, long-term holders appear to be accumulating the tokens and seem to be taking advantage of the recent price decline, as reported by the on-chain analytics firm Coinglass.

Positive
cover-imageTokenpost
January 8, 2025

Bitcoin in 2025: Key Trends, Predictions, and Investor Insights

Bitcoins transformative journey in 2024 has set the stage for a pivotal year ahead, with institutional adoption, regulatory clarity, and technological innovation driving its evolution as a mainstream asset. As 2025 begins, the crypto community is buzzing with questions about where Bitcoins price and adoption curve will head next.

Positive
cover-imageThe Currency Analytics
January 8, 2025

Bitcoin Surges Toward New Heights as Liquidity Dwindles

Bitcoin (BTC) has recently experienced a significant price surge, nearing its all-time high as it continues its volatile trajectory toward the end of 2024. With the cryptocurrency trading at $102,235, Bitcoin has gained 10% in value over the past week, approaching its previous peak of $108,268.

Negative
cover-imageTokenpost
January 8, 2025

Meme Coins Take a Hit: Dogecoin Drops 10% Amid Market-Wide Decline

Dogecoin (DOGE), the original meme coin and one of the top 10 cryptocurrencies by market cap, saw its price plunge nearly 10% in the last 24 hours amid a broader cryptocurrency market downturn. The decline follows mixed U.S. economic data released earlier on Tuesday, which has created ripples across financial markets.

Negative
cover-imageBenzinga
January 8, 2025

Elon Musk Foresees Drop In Bitcoin, Dogecoin Prices If Dollar Inflation Solved: 'What Matters Is The Ratio

Elon Musk, on Tuesday, predicted a potential drop in prices of cryptocurrencies like Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE) if dollar inflation is addressed. What Happened: The Tesla and Space X CEO expressed his views on how cryptocurrencies would benefit if inflation and government overspending were curbed “If dollar inflation is solved, the price in dollars to buy cryptocurrency will actually drop, other things being equal,” Musk wrote in an X post.

Positive
cover-imageCryptoSlate
January 8, 2025

Czech National Bank considers Bitcoin for reserve diversification

The Governor of the Czech National Bank (ČNB), Aleš Michl, said the central bank is considering allocating Bitcoin (BTC) to diversify its reserves during a Jan. 6 interview with CNN Prima News. Michl revealed this consideration by the ČNB while discussing the importance of diversifying the bank's holdings among stocks, bonds, gold, and cash deposits.

Positive
cover-imageThe Currency Analytics
January 8, 2025

Bitcoin Surges Past $102,000 as US Buyers Drive Momentum

Bitcoin has soared past the $102,000 mark, marking a significant milestone as U.S. buyers make their presence known again in the market. The recent surge follows strong buyer activity that has triggered a sharp increase in the Coinbase Premium Index, indicating that American investors are back in action, further fueling the cryptocurrency's rally.

Positive
cover-imageNewsBTC
January 8, 2025

Bitcoin At Risk Of Supply Shock As ETF Issues Buy More BTC Than Was Produced In December

The world's largest cryptocurrency may be at risk of a supply shock as demand from United States (US) Spot Bitcoin Exchange Traded Funds (ETFs) has surged far beyond expectations. In December 2024, the volume of BTC acquired through Spot Bitcoin ETFs more than tripled the amount mined during that same month, underscoring the severe imbalance between supply and demand.

Negative
cover-imageCryptonews
January 7, 2025

Ethereum Price Crashes 8% – Collapse Back Below $3,000 Imminent?

The Ethereum (ETH) price took a beating on Tuesday, dropping 8% on the day to below $3,400 as risk appetite took a broad beating following strong US economic data that triggered fears of a US inflation rebound that could result in slower/less interest rate cuts from the US Federal Reserve. The post Ethereum Price Crashes 8% – Collapse Back Below $3,000 Imminent? appeared first on Cryptonews.

Positive
cover-imageThe Currency Analytics
January 7, 2025

US Bitcoin Miners Stockpile BTC Amid Rising Costs and Competition

Bitcoin miners in the United States are adapting to intense pressure from rising costs and heightened competition for resources. Mining giants such as Mara Holdings and Riot Platforms have raised a total of $3.7 billion since November, investing heavily in Bitcoin reserves as a means to weather the storm.

Neutral
cover-imageThe Currency Analytics
January 7, 2025

Ethereum Price Prediction for January 7, 2025: Key Levels to Watch

Ethereum's price has been on the rise since hitting a low on December 20, but the rally thus far appears to be more of a corrective move than an impulsive uptrend. The market hasn't yet displayed enough momentum to confirm a strong upward trend, but this could change as the price action evolves.

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