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news-imageJanuary 6, 2025

Price analysis 1/06: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, AVAX

Sustained buying by institutional investors pushed Bitcoin above $100,000, opening the doors for a retest of the all-time high.
Publisher: Cointelegraph
Sentiment: Positive
ADA
AVAX

More News Articles

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-imageCoingape
January 8, 2025

Canadian Firm Sol Strategies Announces Strategic Investment In Solana

Toronto-based Sol Strategies Inc. has announced a CAD $25 million investment in the Solana ecosystem to bolster its position as a leading player in blockchain staking operations and acquisitions. Sol Strategies Strategic Investment In Solana Sol Strategies, a Canadian publicly traded company, has promised CAD $25 million to the Solana ecosystem through an unsecured revolving

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.

Positive
cover-imageCryptopolitan
January 7, 2025

Financial giant SBI Group to back Solana NFT campaign in Japan

Massive Japanese financial and biotech conglomerate SBI Group has signed an agreement with Solana Superteam Japan, a community promoting the growth of the trending blockchain in the country, to give out an exclusive NFT (non-fungible token) to SBI Web3 Wallet customers. Solana-based NFTs are currently dipping as of 7:00 a.m.

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.

Positive
cover-imageCoingape
January 7, 2025

Cardano Whales Go on Buying Spree, Is Price Rebound Ahead?

Amid whales embrace, the price of Cardano (ADA) has seen a dramatic slip in the past 24 hours, a shift that comes following the unexpected beating Bitcoin (BTC) in late trading hours. As one of the biggest gainers over the trailing 7-day period, Cardano is maintaining resilience above the $1 price mark.

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.

Positive
cover-imageCryptonews
January 7, 2025

Sol Strategies Secures CAD $25M Credit Facility for Solana Investments

Sol Strategies, a Canadian holding company focused on the Solana blockchain, has drawn $4 million from its amended CAD $25 million unsecured revolving credit facility. The funds will be used for large-scale Solana token acquisitions, supporting DeFi protocols, validator operations, and new projects within the Solana ecosystem. The post Sol Strategies Secures CAD $25M Credit Facility for Solana Investments appeared first on Cryptonews.

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