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news-imageJanuary 30, 2025

Crypto Analyst Says Solana Rival Biding Time Before Next Move, Updates Outlook on Bitcoin

A widely followed crypto analyst says that one rival of smart contract platform Solana (SOL) is waiting in the wings before making its next move to the upside while updating his outlook on Bitcoin (BTC).
Publisher: The Daily Hodl
Sentiment: Positive
BTC
SOL

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cover-imageCryptonews
January 30, 2025

ECB President Christine Lagarde Rejects Bitcoin for EU Reserves

ECB President Christine Lagarde has dismissed Bitcoin as a reserve asset, citing concerns over liquidity, security, and regulatory risks, despite a recent 25-basis-point interest rate cut to 2.75% aimed at stabilizing the economy. The post ECB President Christine Lagarde Rejects Bitcoin for EU Reserves appeared first on Cryptonews.

Positive
cover-imageBenzinga
January 30, 2025

Bitcoin, Ethereum, XRP, Dogecoin Gain Momentum Ahead Of Weekend As Bulls Eye Profitable February

Cryptocurrency markets are rising on Thursday, fueled by positive developments in the broader market and a 25-basis point rate cut announced by the European Central Bank. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $105,646.53 +1.9% Ethereum (CRYPTO: ETH) $3,271.23 +4.4% Solana (CRYPTO: SOL) $240.29 +2.7% XRP (CRYPTO: XRP) $3.13 +1.3% Dogecoin (CRYPTO: DOGE) $0.3344 +1.2% Shiba Inu (CRYPTO: SHIB) $0.0000188 +1.8% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 27.9% and daily active addresses up by 1.3%.

Negative
cover-imageBitcoin
January 30, 2025

BTC vs. XRP: Experts Warn of Concentration Risks in US Bitcoin-Only Reserve

Experts warn that a bitcoin-only reserve poses concentration risks and exposes the U.S. to potential volatility. Two experts urge the U.S. administration to diversify its crypto stockpile to build a resilient digital reserve and reduce systemic risks. Ripple vs. Bitcoin Maximalists The establishment of a bitcoin-only reserve poses concentration risks and exposes the U.S.

Positive
cover-imageThe Currency Analytics
January 30, 2025

Tesla's $600 Million Bitcoin Gain Boosts Q4 Earnings

Tesla's latest financial report for Q4 2024 reveals a significant $600 million gain from its Bitcoin holdings, which have now exceeded $1 billion in value, thanks to a new accounting rule. The change in the Financial Accounting Standards Board (FASB) guidelines allows companies to report their crypto holdings at market value, offering a clearer picture of their financial standing.

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