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According to historical data, Bitcoin's current dip of 42% from its all-time high could potentially set the stage for a post-halving rally. Similar trends have been observed in the past, where previous halvings resulted in significant price increases. Speculation arises as to whether Bitcoin will follow its old pattern and set a new record high by the end of 2025. Research suggests that fintech executives predict Bitcoin's value could reach $87,000 this year. However, it is important to note that the volatile and unpredictable nature of the crypto market makes it challenging to predict the precise outcome of each halving.

Analysts are suggesting that financial giant Charles Schwab is poised to disrupt the Bitcoin ETF market with a potential late entry. After recent discussions about Charles Schwab's involvement, Eric Balchunas, Bloomberg's lead ETF analyst, advises not to underestimate Schwab's impact, as they may come in late but make a significant impact. It is speculated that Charles Schwab is preparing to introduce a spot Bitcoin ETF, leveraging its extensive scale and competitive low-fee pricing strategy. Morningstar analyst Bryan Armour highlights Schwab's methodical approach to product development and notes that they prioritize a thoughtful lineup for the long-term rather than being the first mover. ETF Institute co-founder Nate Geraci agrees that it is a foregone conclusion for Schwab to enter the race. Schwab, with its comprehensive range of services, including dealing with ETPs, could be motivated by Fidelity's notable lead in the spot Bitcoin ETF market. Balchunas emphasizes that Schwab's large and active brokerage accounts, along with their dislike for Fidelity, could prompt them to file something sooner rather than later.

Solana's memecoin WEN has achieved an impressive trading volume of over $55 million in less than eight hours, according to data from Birdeye. The coin was made available for claiming on LFG Launchpad from January 26 to January 29, and more than one million wallets are eligible to receive 643,652 tokens each. At the time of launch, eligible wallets could have sold their WEN tokens for approximately $35. However, those who waited saw a 93% price jump in the last four hours, allowing them to sell and make almost double the profit compared to early sellers. While $55 million may seem relatively small in comparison to crypto assets with larger market caps, it should be noted that WEN's current price is $0.0001232, with almost 503,000 trades. The coin was teased on X (formerly Twitter) on January 22 and officially revealed on January 25. WEN is a meme coin inspired by a poem published by Jupiter's co-founder, known as Meow, in December 2023. It is described as a community coin to give back and immortalize WEN culture. The poem was transformed into a non-fungible token (NFT) using the Ovols tokenization standard, with each WEN token representing a fraction of the tokenized poem. #CryptoNews #SolanaMemeCoin

On Saturday, there were several interesting developments in the crypto world. Sui, a blockchain project launched by former Facebook Libra members, achieved a significant milestone by entering the top 10 chains by TVL. OpenSea's CEO expressed openness towards potential acquisitions, including the possibility of being acquired. Drift Protocol faced a temporary trading pause due to an oracle malfunction, but users' funds remained safe. Farcaster introduced Frames, allowing developers to embed interactive experiences in their social media posts, featuring NFT minting, playing Doom, and even watching movies like Tenet. In ETF news, nine new Bitcoin ETFs saw a modest net inflow of $14.8 million. Please note that this information is provided for informational purposes only and should not be considered as financial or investment advice.

Saturday recap: Sui’s TVL milestone, OpenSea’s acquisition plans, Farcaster Frames fun, and more Even a slow Saturday in crypto has plenty to cover, including a new milestone for Sui, an oracle malfunction, and watching Tenet the way Christopher Nolan definitely didn't intend: frame-by-frame, within a Farcaster post. Here's all the news you may have missed from today in crypto. An OpenSea acquisition? OpenSea's CEO is open to seeing whether an acquisition makes sense for the company — including getting acquired itself — according to DL News, which spoke with the NFT marketplace's chief, Devin Pinzer. Pinzer told the publication that OpenSea has "no plans to be acquired," but remains open towards taking the right partnership if it should come along. Sui's TVL milestone Sui, a blockchain launched less than a year ago by former members of Facebook's Libra project, has entered the top 10 chains by TVL, according to DefiLlama data. The co-founders of Mysten Labs, Sui's developers, told The Block that their goal is to make sending money over the Internet as simple as sending an email. Drift pauses RLB trading Following reports of an oracle malfunction affecting Rollbit (RLB) trading on Solana-based futures exchange Drift Protocol, the protocol paused market maker activity on the RLB market. Drift's co-founder, Cindy Leow, assured X users that their funds are safe. "Funds are SAFU. We are closely monitoring the isolated RLB markets for unusual activity. No users or markets are affected," Leow wrote. Farcaster's Frames unleash NFTs and Doom Web3 social media service Farcaster launched Frames on Friday, a new feature that lets developers embed interactive experiences in the social networks posts, known as Casts. Developers got right to work creating Frames to mint NFTs, play Doom, and watch Tenet the way Christopher Nolan definitely didn't intend, all within a single cast. Friday's ETF flows On the final day of the first full week of Bitcoin ETF trading, the nine newborn ETFs saw a modest net inflow of $14.8 million when compared to the GBTC outflows, according to Bitmex Research. Bitcoin's price gains recently pushed BlackRock's ETF over the $2 billion mark of assets under management. Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures. © 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Binance Smart Chain (BSC) has achieved remarkable growth in the fourth quarter of 2023, as highlighted by Messari in a comprehensive report. With a 48% quarter-over-quarter surge in market capitalization, BSC has witnessed renewed interest in its native asset, Binance Coin (BNB), following two consecutive quarters of decline. The revenue measured in USD also experienced a significant 27% growth, reflecting increased activity on the protocol throughout the year. Gas fees burned in BNB saw a notable 21% increase, demonstrating the rising number of transactions and smart contract interactions on the Binance Smart Chain ecosystem. Additionally, BSC showcased improvements in decentralization, with a 25% increase in active validators and a 54% year-over-year increase. The network has also displayed its capability to handle heightened activity while reducing costs for users, evident through a 35% year-over-year increase and a 30% quarter-over-quarter surge in daily transactions. The spike in transaction volume, particularly the record-breaking 32 million transactions on December 7, 2023, can be attributed to inscription-related activity. #CryptoNews

The much-anticipated upgrade on the Stellar blockchain to incorporate Ethereum-style smart contracts may face a delay due to a bug discovered in the Stellar Core v20.1.0 software. The bug has led the Stellar Development Foundation to reconsider the initial target date of Jan. 30. While the bug is deemed to pose little risk, feedback from the developer community prompted the foundation to disarm its own validators from voting for the upgrade. However, other validators can still proceed with the upgrade. A fix for the bug is expected in the next two weeks, and a future vote date will be determined if the upgrade is postponed. This upgrade aims to enhance Stellar's programmability, similar to Ethereum's smart contracts, which may inject renewed enthusiasm into the project's native XLM tokens.

The upcoming Bitcoin halving event, projected to occur in April 2024, is generating immense excitement within the crypto community. With the potential for a historic blockchain reorganization, driven by the exceptional value of the halving block, crypto enthusiasts are eagerly speculating about the implications. Tristan, the founder of Ordiscan.com, emphasizes the unprecedented nature of this halving in a blog post, suggesting that it could trigger an unparalleled reorg. The author explains that block 840,000 is predicted to have the most valuable block reward in Bitcoin's history, due to the impact of the Ordinals protocol. This protocol assigns serial numbers to individual satoshis, making them non-fungible and varying in value, which has shifted the perception of Bitcoin's inherent worth. The halving block is set to include an 'Epic sat,' a rare form of satoshi with significant market value and cultural significance. Additionally, the launch of the Runes protocol coincides with the halving, further revolutionizing the Bitcoin blockchain. However, the extraordinary valuation of block 840,000 raises concerns about potential reorganizations. The author speculates that a major reorg is almost inevitable due to the substantial financial incentive for miners. Nonetheless, they believe that eventually, the dust will settle, and new blocks will continue as usual. The upcoming halving and its associated developments signify a crucial moment in Bitcoin's history, showcasing the evolving nature of the protocol and its community. As the community braces for these changes, the future of Bitcoin hangs in the balance.

The recent surge in Bitcoin price above $42,000 can be attributed to several factors. One of the key drivers is the release of the PCE price index, which indicates lower than expected inflation in the US. This suggests that the Federal Reserve may reduce their aggressive monetary policies, which is positive for Bitcoin and the crypto market as a whole. Additionally, the record-breaking US debt of $34.1 trillion has raised concerns about the devaluation of the US dollar, leading investors to turn to Bitcoin and other cryptocurrencies as a hedge. Notable analysts have also predicted the crash of the US dollar, further emphasizing the importance of investing in Bitcoin. Another contributing factor is the expiration of monthly BTC options contracts on Deribit, with the outcome likely influencing Bitcoin's rally. Furthermore, the slowing outflow of funds from Grayscale's GBTC indicates that investors may be holding onto their investments, reducing selling pressure on Bitcoin. Currently, Bitcoin is trading at around $41,700, showing a 4% increase in the last 24 hours.

Here Are The Major Drivers Behind The Bitcoin Price Recovery Above $42,000 Bitcoin recently surged above $42,000, having traded below $40,000 for several days. This market recovery is believed to be a result of different factors, including recent revelations about the US economy. Macroeconomic Factors That Contributed To The Recent Bitcoin Surge The personal income expenditures (PCE) price index, a leading inflation indicator, was released on January 26 and reported to have been lower than expectations. This suggests that inflation in the United States is cooling off, and experts predict that the Federal Reserve will likely reduce their aggressive monetary policies. The Fed’s hawkish stance is known to have a negative effect on Bitcoin’s price and the broader crypto market. As such, this recent development is a positive one and is something that could have influenced investors to double down on their investments in the flagship cryptocurrency, thereby sparking a price surge. Meanwhile, data from the US Treasury recently showed that the country has hit an all-time debt of $34,1 trillion. While this has raised concerns about the looming crash of the US dollar, it has also presented Bitcoin and other cryptocurrencies as a haven to hedge against the potential devaluation of the nation’s currency. Interestingly, different financial analysts, including renowned economist Peter Schiff, have continued to predict the imminent crash of the US dollar. In light of this, finance author Robert Kiyosaki has urged everyone to invest in Bitcoin to avoid becoming poorer due to the government’s actions. Another factor believed to have contributed to Bitcoin’s recent surge is the expiration of monthly BTC options contracts on Deribit. The expiry outcome more than likely played a crucial role in Bitcoin’s rally, considering that CryptoQuant CEO Ki Young Ju had pinpointed the derivatives market as responsible for Bitcoin’s recent decline. GBTC’s Outflow Slows For The Fourth Consecutive Day Grayscale’s GBTC saw an outflow of just $255.1 million on January 26, continuing a recent trend of reduced outflows from the fund. NewsBTC reported how the Bitcoin ETF had seen outflows of $515 million, $429 million, and $394 million on January 23, 24, and 25, respectively. As noted by Bloomberg analyst James Seyffart, January 26 also happened to be the lowest outflow day for GBTC since converting to a Spot Bitcoin ETF. This development suggests that the fund’s investors may be cooling off on taking profits. It is also significant because Grayscale has contributed to the selling pressure that has plagued Bitcoin of late. At the time of writing, Bitcoin is trading at around $41,700, up over 4% in the last 24 hours according to data from CoinMarketCap.

According to the host of the 'Discover Crypto' YouTube channel, the XRP price may experience a 1000% surge once Ripple and the SEC settle their legal battle. He refers to this ongoing legal conflict as a black cloud causing uncertainty in the XRP market. The analyst explains that investors dislike uncertainty, which explains their cautious trading behavior. However, he believes that regardless of the extent of Ripple's fine, a settlement will be perceived as positive news, acting as a trigger for the price surge. In addition to the settlement, the analyst highlights four other factors that could contribute to XRP's potential rally. Firstly, he suggests that a Ripple Initial Public Offering (IPO) could create a positive sentiment around XRP and attract market makers and whales. The host compares this potential effect to the Coinbase IPO, which significantly impacted Bitcoin's price. Furthermore, the analyst mentions that favorable crypto legislation could be another reason for XRP's exponential rise. While the entire crypto market would benefit, he expects XRP to experience significant gains. Institutional adoption is also predicted as a catalyst for XRP's surge. With the recent introduction of Spot Bitcoin ETFs, mainstream adoption is becoming more prevalent, increasing the likelihood of entities adding XRP to their portfolios alongside Bitcoin. Lastly, the analyst anticipates a general pump for all crypto tokens, including XRP, following the Bitcoin Halving. Consequently, he suggests that purchasing XRP at $0.50 currently would be a worthwhile investment. In conclusion, the 'Discover Crypto' host believes that once the legal battle between Ripple and the SEC is resolved, along with the influence of factors such as an IPO, favorable legislation, institutional adoption, and the Bitcoin Halving, XRP has the potential to experience a 1000% price rally.

XRP Price Will See 1,000% Rally When ‘Black Cloud’ Dissolves, What This Means The host of the ‘Discover Crypto’ YouTube channel has boldly claimed that the XRP price could surge by 1000% from its current price range. He highlighted the Securities and Exchange Commission’s (SEC) case against Ripple as one of the factors that could spark this price surge.XRP Price Could Do A 10X When Ripple And SEC SettleIn a video posted on the YouTube channel, the analyst suggested that XRP would rise significantly once Ripple and the SEC finally settled. He described this long-running legal battle between both parties as a “black cloud” that has continued to cause uncertainty in the XRP market.He further noted how investors strongly dislike uncertainty, which could explain why they have continued to trade with caution rather than doubling down on their XRP investments. Meanwhile, the ‘Discover Crypto’ host believes that irrespective of how much Ripple ends up being fined, a settlement will no doubt be ‘positive news’ and the trigger for the price surge.The crypto analyst went on to break down four other reasons why he believes that XRP’s price could surge by 1000%. First, he stated that a Ripple Initial Public Offering (IPO) could also trigger a significant rally for XRP. This price pump, he claims, will be facilitated by market makers and whales who would want to create a positive sentiment around the IPO launch. To back up this point, he alleged that the biggest move for Bitcoin in 2021 wasn’t as a result of Bitcoin Halving or any market cycle but because of the Coinbase IPO. These same market makers are said to have pumped the flagship crypto’s price then.Other Factors That Could Spark XRP’s Parabolic MoveThe crypto analyst outlined crypto legislation as the third reason why XRP could rise exponentially from its current price levels. While admitting that the entire crypto market will benefit from this, he expects XRP to be one of the tokens that enjoy the most gains from this development.Institutional adoption is also predicted to be another catalyst in XRP’s parabolic move. The ‘Discover Crypto’ host noted how the Spot Bitcoin ETFs have opened the doors to mainstream adoption. As such, he expects that more entities will want to add crypto tokens like XRP to their portfolio alongside their Bitcoin exposure.The fifth factor that could spark the 1000% rally for XRP is the Bitcoin Halving. The crypto analyst predicts that all crypto tokens, including XRP, are going to pump post-halving. As such, he believes that buying XRP at $0.50 now is definitely a steal.

JPMorgan believes that the downward pressure on Bitcoin will ease as profit-taking from Grayscale's bitcoin trust fades away. The bank's analysis suggests that most of the selling pressure from this source is already behind us. Despite the recent selloff and outflows from Grayscale, JPMorgan predicts a slowdown in redemptions and a potential end to the major drivers of selling. The bank also expresses a bearish sentiment towards Bitcoin ETFs and downgrades Coinbase stock.

According to crypto analyst Egrag Crypto, XRP could potentially experience a massive jump of 4500% to reach $27. His analysis revolves around XRP's 21 Exponential Moving Average (EMA) on a monthly time frame, indicating that when XRP's price is above or on the 21 EMA, significant price increases tend to occur. Comparing past percentage moves, Egrag suggests that XRP could replicate its historical growth, such as the 4500% surge in 2017, 1000% increase in 2018, and 500% rise in 2021. It's worth noting that Egrag has previously predicted the rise to $27, considering the astonishing 61,000% gain XRP experienced in 280 days during the 2017 rally. His chart indicates that this price target could potentially be realized sometime this year. Before reaching $27, Egrag predicts that XRP may rise to $1.4 between March and April, opening the door for continued progression to $5 and beyond. Nevertheless, he advises XRP investors to remain level-headed and avoid emotional decision-making, emphasizing the importance of a strategic and disciplined approach in navigating this volatile market. As of now, XRP is trading at approximately $0.52, reflecting a 3% increase in the past 24 hours.

@hvy_gorilla "Bitcoin's resurgence above $40,000 demonstrates its ability to recover from short-term price fluctuations, reaffirming its status as a resilient asset."

Bitcoin price is back above $40,000 after the top cryptocurrency plunged to a low of $38,550 on Tuesday following an increase in selling pressure. With several altcoins on the upswing, crypto’s total market cap has recovered by over $30 billion since the price drop and now stands at $1.55 trillion. #Bitcoin

@APfiester "Michaël van de Poppe's analysis provides valuable insights into Ethereum's current market dynamics, offering traders and investors a perspective on potential price movements."

Ethereum (ETH) is currently at a crossroads that could define its trajectory in the coming weeks. Renowned crypto analyst Michaël van de Poppe has shared a notably bullish perspective, highlighting Ethereum’s approach to its 2022 low as a potential springboard for a breakout. In his analysis, Van de Poppe underscores the importance of Ethereum’s current positioning, suggesting that its proximity to last year’s low could be a catalyst for absorbing liquidity and igniting a bullish trend. #Bitcoin

@bythenight "Sassano's bullish prediction of Ethereum hitting $10,000 reflects the growing optimism surrounding the potential approval of Ethereum Spot ETFs by the SEC."

Sassano stated that ETH could hit $10,000 if the Ethereum Spot ETF hype were to get “ahead of itself.” These ETFs are believed to be next in line for an approval order by the Securities and Exchange Commission (SEC). That could explain why the crypto expert has handpicked them as the catalyst for this massive increase in ETH’s price. #Bitcoin

@qpz4dy78 "Van De Poppe's chart analysis provides valuable insights into the relative performance of Ethereum against Bitcoin, shedding light on market dynamics for both cryptocurrencies."

Michaël Van De Poppe recently took to X to share a chart of Ethereum’s price performance against Bitcoin (ETH/BTC pair) on the weekly timeframe. Price action on the chart forms green (bullish) candles during periods of Ethereum’s performance over Bitcoin, while red (bearish) candles are formed during periods of Ethereum’s underperformance against Bitcoin. #Bitcoin

@laaaurenbaby_ "The recent dip in Ethereum's price highlights the volatility inherent in cryptocurrency markets, where price movements can be influenced by a variety of factors."

According to data from CoinMarketCap, Ethereum (ETH) had dipped over 2% in the last 24 hours. This negative price movement comes after an initial price boost by the token which it gained by over 19% following news of the Bitcoin spot ETF approval in the US on Wednesday. Interestingly, popular crypto analyst Ali Martinez has offered more insight into ETH’s developing downtrend, highlighting the next possible support zones for crypto’s largest altcoin. #Bitcoin

@KainNickrent "TD Cowen's forecast regarding the delay in SEC approval for Ethereum Spot ETFs highlights the regulatory hurdles and complexities that continue to impact the cryptocurrency market."

TD Cowen, an investment bank and financial service division of TD Securities has made a bold forecast, predicting that the US SEC is unlikely to approve Ethereum Spot ETFs before its deadline. Presently, the SEC is obligated to make its final decision on its rejection or acceptance of Ethereum Spot ETF from May 23 to August 7, 2024. #Bitcoin

@mmndmm "The movement of Celsius Network's ETH holdings to crypto exchanges has sparked concerns among investors about potential downward pressure on Ethereum's price."

The Ethereum price might be doing well post-spot Bitcoin ETF launch, but recent moves by Celsius threaten to destabilize the price movement. The now-bankrupt crypto lender seems to have begun its reimbursement plan to its creditors, as on-chain data reveal the movement of its ETH holdings to crypto exchanges. According to crypto market intelligence company Arkham Intelligence, Celsius Network carried out transfers worth over $125 million worth of ETH last week to various crypto exchanges. #Bitcoin

@vanessavaquiz "The anticipation of spot Ethereum ETFs entering the market has sparked a wave of optimism among investors, propelling Ethereum's market value and breathing new life into the cryptocurrency ecosystem."

The ETH/BTC ratio technically gauges market sentiment towards these two leading crypto. The recent rebound indicates investors are increasingly bullish on Ethereum’s potential relative to Bitcoin. This upward trajectory is fueled by growing optimism surrounding the potential approval of spot Ethereum ETFs and the general confidence that markets will trend higher in 2024. The prospect of this product entering the market has also injected fresh energy into the ETH ecosystem, lifting the second most valuable coin by market cap. #Bitcoin

@parkerblack102 "The surge in new addresses joining Ethereum's network is a clear indication of the platform's growing popularity and adoption within the cryptocurrency space."

This surge is not merely a passive spectacle; Ethereum is actively attracting an astonishing 89,400 new addresses on a daily basis, with an unprecedented 96,300 joining the Ethereum community in a single day. #Bitcoin