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news-imageJanuary 7, 2025

Here's why Bitcoin, Ethereum, XRP, and other altcoins just crashed

Cryptocurrency prices retreated sharply on Tuesday, erasing some of the gains made on Monday as concerns about the bond market intensified. Bitcoin (BTC) dropped by 4%, reaching an intraday low of $97,700.
Publisher: Crypto news
Sentiment: Negative
BTC
ETH

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Positive
cover-imageFinbold
January 8, 2025

XRP price prediction for Trump's Inauguration Day

Thanks to Gary Gensler announcing his resignation as the Securities and Exchange Commission (SEC) Chair for January 20 and Donald Trump bringing with him a historically crypto-friendly administration to power, late 2024 was an exceptional period for Ripple Labs and for XRP.

Positive
cover-imageBenzinga
January 8, 2025

XRP ETF 'Very Soon,' Likely Next After Bitcoin And Ethereum, Ripple President Says

Ripple President Monica Long has stated that an XRP spot exchange-traded fund (ETF) is likely to be approved “very soon,” and is expected to be next in line after the recently approved Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) ETFs. Long's comments suggest a significant shift in the regulatory landscape, potentially opening up (CRYPTO: XRP) to a broader investor base.

Negative
cover-imageBenzinga
January 8, 2025

Peter Schiff Doesn't 'Hate Bitcoin' But Warns 'Millions' Will Lose More Than They Can Afford In 'Speculative Mania'

Economist and market commentator Peter Schiff has issued a stark warning about the current speculative frenzy surrounding Bitcoin (CRYPTO: BTC), asserting that millions of investors will lose sums far greater than they can afford. What Happened: Schiff sought to highlight his concern about the misallocation of capital, and how the speculative mania around cryptocurrencies will damage the image of sound money principles.

Negative
cover-imageUToday
January 8, 2025

Peter Schiff Predicts MSTR, Bitcoin Crash Ahead: Details

Peter Schiff, a financial commentator and well-known Bitcoin (BTC) critic, has stirred the broader cryptocurrency space with another bold statement on X. In a post, Schiff criticized the current investment strategy by market participants betting on the U.S. government investing in a Bitcoin Reserve.

Positive
cover-imageUToday
January 8, 2025

XRP Stronger Than Everyone: 2.2 Million Transactions

As the most successful cryptocurrency, XRP has maintained its position as the most reliable asset on a market that is prone to volatility. At $2.03, XRP has risen 10.6% in the last week, surpassing Bitcoin, Ethereum and Binance Coin, which are suffering losses ranging from 4% to more than 8%.

Positive
cover-imageCoinPedia
January 8, 2025

Thailand to Launch Bitcoin Payment Pilot Program in Phuket In 2025

In a latest development, Thailand is all set to launch a pilot program in Phuket in 2025, enabling tourists to use Bitcoin for transactions and streamlining digital payments. It aims to trial cryptocurrency payments in Phuket, one of its most popular tourist destinations, by offering foreign visitors an alternative payment option.

Positive
cover-imageCointribune
January 8, 2025

Can Ethereum Reach $12,000 in 2025 Thanks to Trump?

The year 2025 could mark a turning point for Ether (ETH), the second largest cryptocurrency by market capitalization. According to Dr. Sean Dawson, head of research at Derive, Ether could reach a peak of $12,000 this year, thanks to Trump, representing a 257% increase from its current price.

Negative
cover-imageBenzinga
January 8, 2025

Bitcoin Could Drop As Low As $75,000 If It Fills This Liquidity Gap, Expert Warns

A significant gap in the Chicago Mercantile Exchange (NASDAQ:CME) Bitcoin futures contract near $75,000, suggests a potential downside move for Bitcoin (CRYPTO: BTC) in the short-term, according to Joe McCann, founder of Asymmetric. What Happened: McCann's analysis from Tuesday paints a bearish picture, shifting away from previous bullish sentiments, as he notes a confluence of technical and macroeconomic indicators pointing toward a near-term price correction.

Positive
cover-imageCryptoGlobe
January 8, 2025

Ripple President on Spot Crypto ETFs: ‘I Think XRP Is Likely To Be Next in Line After Bitcoin and Ether'

On Jan. 7, Ripple President Monica Long discussed her company's strategic direction during an interview with Bloomberg TV. She highlighted Ripple's ongoing efforts to increase the distribution and availability of Ripple USD (RLUSD) across additional exchanges, indicating that further developments and announcements are expected imminently.

Positive
cover-imageCryptonews
January 8, 2025

Canaan Launches Bitcoin Mining Home Heater Rigs at CES 2025

Canaan has launched the Avalon Mini 3 and Nano 3S at CES 2025, innovative Bitcoin mining rigs that also function as home heaters, allowing users to mine cryptocurrency while efficiently warming their living spaces. The post Canaan Launches Bitcoin Mining Home Heater Rigs at CES 2025 appeared first on Cryptonews.

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