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@laaaurenbaby_ Well done, Ethereum, for clearing resistance barriers and entering a bullish zone!

Ethereum price formed a base and started a recovery wave above the $2,220 resistance zone. ETH cleared the $2,240 resistance zone like Bitcoin to move into a short-term bullish zone. However, the bears were active near the $2,300 zone. A high was formed at $2,307 before there was a pullback. The price declined below the $2,280 level. It broke the 23.6% Fib retracement level of the recovery wave from the $2,170 swing low to the $2,307 low. #Bitcoin

@marinastoll15 Outstanding work, Jelle! Your keen eye for patterns in Bitcoin's price behavior is commendable. Your findings offer valuable insights for investors navigating the crypto landscape. Here's to a prosperous February!

Jelle stated in an X (formerly Twitter) post that “February should be strong” for Bitcoin “if history keeps repeating itself.” The history which he alludes to is the pattern where February turns out to be a green month for Bitcoin after it has seen a bearish January and had closed in the green for the last four months of the previous year. #Bitcoin

@clevelandcop13 Hats off to CryptoCon for your insightful analysis of Bitcoin's price cycles! Your expertise in interpreting historical data equips investors with the knowledge they need to navigate the cryptocurrency market.

CryptoCon, a crypto analyst, cites historical price performance to support this assertion. Specifically, the argument is that no Bitcoin cycle has reached its recent high without first revisiting the monthly least square moving average (MA). Currently, this MA is at $30,358. If past performance guides, CryptoCon believes Bitcoin could likely dip to this level before prices recover sharply. #Bitcoin

@JefferyKayla I commend the commitment of these firms to meet the evolving needs of investors. A potential Bitcoin ETF approval would not only provide exposure to the digital asset but also enhance accessibility and liquidity in the market.

Earlier this month, Venture Smart Financial Holdings Ltd. (VSFG) expressed its plans to apply for a spot Bitcoin ETF with the SFC to be launched this quarter. Similarly, asset management firms like Samsung Asset Management have shown their interest in exploring the possibility in the future. A report from Tencent News revealed that Harvest Fund Management sent the first-ever spot Bitcoin ETF application in Hong Kong to the SFC on January 26, with the possibility of approval coming after the Lunar New Year at the earliest. #Bitcoin

FDUSD, the newly launched stablecoin, has experienced an impressive market capitalization growth of $1 billion since the beginning of 2024. Its market cap surged from $1.6 billion to $2.6 billion in just 30 days, making it the fourth-largest stablecoin in terms of market capitalization. Surpassing other stablecoins like TUSD, USDD, and FRAX, FDUSD's supply has witnessed a significant 45.7% increase since December 22, 2023. Currently, FDUSD is held by 452 individual holders on the Ethereum chain, with Binance dominating the BNB version. However, it's worth noting that most of FDUSD's trading activities occur off-chain and through centralized exchanges, indicating a reliance on order books rather than decentralized finance (defi) protocols.

FDUSD Market Cap Skyrockets by $1 Billion in 2024, Clinching Top 4 Stablecoin Spot According to statistics, the stablecoin crypto asset FDUSD has seen its market capitalization grow by $1 billion since the start of the year. Presently, the supply stands at 2.614 billion FDUSD after witnessing a 45.7% supply increase in 30 days. FDUSD’s Market Cap Swells from $1.6 Billion to $2.6 Billion in Just 30 Days The newly launched FDUSD has been one of the fastest-growing stablecoins and the crypto asset’s market valuation has grown by $1 billion since Jan. 1, 2024. As of Jan. 21, 2024, first digital usd FFDUSD has ascended to become the fourth-largest stablecoin in terms of market capitalization, valued at $2.61 billion. This marks a significant rise from its $1.6 billion market cap on Jan. 1, as reported by coingecko .com. Ranking below USDT, USDC, and DAI, FDUSD surpasses TUSD, USDD, and FRAX in the stablecoin hierarchy. Data indicates a notable 45.7% growth in supply since Dec. 22, 2023. Currently, 452 individual holders possess the ERC20 variant of FDUSD, the dollar-pegged token on Ethereum, which boasts 2.564 billion FDUSD as of Jan. 21. Additionally, the BNB chain has issued 49,380,678 FDUSD, according to records collected on the same day. The BNB version of FDUSD is held by 3,545 distinct wallets. Dominating this sector, Binance holds the top three wallets for BNB-based FDUSD, commanding a significant 82.1% of the 49.38 million FDUSD minted on BNB. The top 100 holders collectively possess 99.01% of these specific BNB-minted coins. In the case of the Ethereum version, Binance maintains its dominance with control over the top three wallets, accounting for 97.48% of the total ERC20 FDUSD supply. Both FDUSD tokens on each chain have seen very little onchain action, but FDUSD holds the sixth largest trading volume on Sunday, which means most of FDUSD’s action takes place off-chain and via order books. The ERC20 version of FDUSD has witnessed a total of 2,896 transactions while the BNB version of the stablecoin has transacted 60,747 times to date. This means a lion’s share of FDUSD’s current presence is via centralized exchanges rather than decentralized finance (defi) protocols.

The value locked in decentralized finance (defi) protocols has surpassed $57 billion, with over $20 billion secured in just three months. The total value locked (TVL) has experienced a significant increase of 54.13% since October 20, 2023, reaching an impressive $57.74 billion. Lido's liquid staking protocol stands out as the largest protocol, with a TVL of $23.22 billion, followed by Maker, Aave, Justlend, and Uniswap. Uniswap has seen the most substantial growth among the top five, with a TVL increase of 78.56% since last month. Ethereum remains the leading blockchain in the defi space, with a 57.3% share of the TVL, while Tron ranks second with $7.86 billion. Despite the growth, there has been a noticeable deceleration in the defi sector since January 10, 2024, raising questions about the sustainability of this trend. Nonetheless, the sector has added a remarkable $20.28 billion in value over the last 93 days.

Value Locked in Defi Surpasses $57 Billion, Securing Over $20 Billion in 3 Months Data from defillama. com reveals that over the past 93 days, the total value locked (TVL) in decentralized finance (defi) protocols escalated from $37.46 billion on Oct. 20, 2023, to the present $57.74 billion. Notably, 57.3% of the total value in defi is anchored in the Ethereum blockchain, while Lido’s liquid staking protocol accounts for 40.21% of this aggregate. TVL in Defi Jumps 54%The value locked in decentralized finance (defi) protocols has significantly increased in 2024 compared to the previous year. Since Oct. 20, 2023, there has been a 54.13% surge, bringing the total value locked (TVL) to an impressive $57.74 billion. Lido stands out as the largest protocol in terms of TVL, which has climbed by 10.66% since last month, now standing at $23.22 billion.Following Lido, Maker, the second-largest defi protocol, has experienced a slight dip of about 1.52% over 30 days, with its TVL at approximately $8.41 billion at the time of reporting. The top five defi protocols by TVL size also include Aave ($7.22B), Justlend ($6.09B), and Uniswap ($4.34B). Aave has seen a 10.34% increase in TVL over the past 30 days, while Justlend has seen a decrease of 9.43%.Uniswap, however, has reported the most significant growth among the top five, with its TVL rising by 78.56% since last month. Among these defi applications, four are built on the Ethereum blockchain, with Justlend being the exception as a Tron-based protocol. Ethereum continues to lead in the defi space, commanding 57.3% of the aggregate TVL, which amounts to $33.10 billion. Tron’s $7.86 billion in value makes it the second largest chain by TVL size.Ethereum and Tron are followed by Binance Smart Chain (BSC) with $3.50 billion, Arbitrum with $2.64 billion, and Solana with $1.38 billion. Solana saw the biggest monthly increase over the 30-day mark with a 38.52% rise. Ethereum followed with a 10.57% increase since last month. Tron was the only blockchain that saw a 30-day reduction after 5.44% was erased over the past month. Notable chains that saw significant TVL growth besides the top five were SUI, MANTA, and APT. As the defi landscape evolves, uncertainty still looms over its future trajectory. Despite a strong growth pattern in TVL, evident since October 2023, there’s been a noticeable deceleration since Jan. 10, 2024. Slowdowns like these can cast doubt on the sustainability of the current growth trend in defi. Whether this burgeoning sector can maintain its momentum remains an open question, but so far the growth has added $20.28 billion in value over the last 93 days. Bitcoin.com NewsCrypto Read more from Bitcoin.com News

In response to a bearish post about Bitcoin's future, Mike Novogratz, a prominent figure in the crypto sphere, expressed his optimistic outlook. He believes that while investors may sell their Grayscale Bitcoin Trust holdings, they are likely to reinvest in other ETFs, such as BTCO. Novogratz highlighted the accessibility of these ETFs for a broader demographic and mentioned the potential to leverage Bitcoin exposure. He predicts that the current market discomfort will subside, leading to higher valuation for Bitcoin in the next six months. However, JPMorgan remains cautious and anticipates selling pressure from Grayscale. Despite negative news coverage, analysts like Tuur Demeester view Bitcoin's recent range-bound trading as a sign of resilience.

Mike Novogratz: Bitcoin (BTC) to Trade Higher in 2024 Recently, Mike Novogratz, a well-known figure in the crypto sphere, recently shared his bullish outlook for Bitcoin 📷BTCUSD in 2024 on the X social media platform, predicting that the bellwether cryptocurrency will surge higher later this year.This forecast came as a response to a bearish post by Chris J. Terry, who predicted a bleak short-term future for Bitcoin due to potential selling pressure following Grayscale's decision to maintain a 1.5% fee on its exchange-traded fund (ETF).Novogratz's optimist outlookNovogratz expressed disagreement with Terry's pessimistic view. He believes that investors might indeed sell their Grayscale Bitcoin Trust (GBTC) holdings, but they are likely to reinvest in other ETFs, particularly favoring BTCO.The crypto mogul stressed the ease of investment for a broader demographic, including boomers, through these ETFs.He also pointed out the possibility of leveraging Bitcoin exposure up to four or five times. In his view, the current market discomfort will pass, leading to a higher valuation for Bitcoin in the next six months.JPMorgan's сautious stanceContrasting with Novogratz's optimism, JPMorgan remains bearish due to the selling pressure anticipated from Grayscale.This sentiment is shared by several analysts in the financial sector, who view the recent approval of multiple spot Bitcoin ETFs as a precursor to downward pressure on Bitcoin's price.Despite this, some analysts, like Tuur Demeester, maintain a positive outlook. Demeester recently commented on the resilience of Bitcoin amid negative news coverage, noting that the cryptocurrency has hit a predictable resistance and is now trading within a specific range.Huge negative news coverage for bitcoin and yet, it has simply hit some predictable resistance and is now trading in a range.

In the ever-changing landscape of the 2024 crypto market, both Solana (SOL) and Ripple (XRP) have unique paths ahead. While Solana has recently surpassed Ripple in market cap and has advancements on the horizon, Ripple has faced price declines but has potential for a rebound. The future performance of these cryptocurrencies will depend on a variety of factors, including legal developments and broader market conditions. It is important to note that this article is sponsored and is provided for informational purposes only, and should not be considered as financial advice.

Will Ripple's (XRP) Price Growth Outpace Solana's (SOL) in 2024? Solana (SOL) recently surpassed Ripple (XRP) to become the 5th largest cryptocurrency by market cap. HKVAC (Hong Kong Virtual Assets Consortium), acknowledged this change by replacing Ripple (XRP) with Solana (SOL) in its Top 5 Global Large Cryptocurrency Index. Despite this, both Solana (SOL) and Ripple (XRP) have faced declines in the bearish market, with Solana (SOL) falling below $100 and Ripple (XRP) dropping below $0.6. The question now is whether Ripple (XRP) can outperform Solana (SOL) in 2024, considering the latter’s recent advancements and increasing market presence. Ride The Wave Of Innovation With ScapesMania As the ScapesMania presale nears its completion in February, the team is working hard to secure a quick listing on tier-1 exchange platforms. There is a good probability that the token's value will increase exponentially after the listing. The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry. Moreover, the token's utility is impressive. It's not another meme coin whose success relies heavily on trends and hype. ScapesMania (MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. As the presale is wrapping up, you need to act fast and grab your discounted tokens now! The countdown is on – don't let this chance pass you by. Presale is Live Now – Join Now for a Chance to Benefit with MANIA ScapesMania, a player in the $376 billion gaming industry, leverages the market's growth potential. Post-exchange debut, holders can anticipate greater liquidity and easier trading. The community's excitement about the project is evident so far, with $4,500,000+ raised to date from crowd/retail contributions alone. Notably, the fundraising amount is growing by $50,000+ daily and the follower count has reached 60K+ and showcases a weekly growth of 12%. The growing interest from crypto whales with checks of $20,000+ might expedite ScapesMania's transition from niche to mainstream. ScapesMania's smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the award-winning team behind ScapesMania secured a prestigious grant from a prominent player in the blockchain industry. Furthermore, ScapesMania is notable for putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is where ScapesManias stands out. Make sure you don't pass up the opportunity to get the early bird discount as the presale nears its end. Be quick if you want to get your hands on those lucrative tokens before they're all gone. Presale Closing Soon – Seize Opportunities Now! Ripple (XRP): Navigating Market Fluctuations and Legal Landscapes Ripple (XRP) has experienced fluctuating price levels recently, with some analysts predicting a positive trend. Despite episodic price jumps, Ripple (XRP) has not had a strong start to the year, trading around $0.58, significantly lower than its peaks of over $0.80 last summer. But despite Ripple’s (XRP) sluggish performance early this year, some expert analysts hold a bullish view on its potential rebound. The current price range for Ripple (XRP) is between $0.563 and $0.683. The 10-Day Moving Average is at $0.576, while the 100-Day Moving Average stands at $0.597. Ripple (XRP) has support levels at $0.391 and $0.511, with resistance levels at $0.752 and $0.872. Analysts predict that Ripple (XRP) could see a "massive breakout" in the coming months, with potential for significant value increase. Factors such as Ripple (XRP) legal developments and broader market conditions are expected to influence its performance. Solana (SOL): Embracing Technological Advancements and Market Opportunities Solana’s (SOL) developers are looking forward to several advancements in 2024, including token extensions and Firedancer, a significant upgrade to the Solana (SOL) validator client. With Firedancer and token extensions on the horizon, plus strong backing from institutions, Solana (SOL) gearing up for a performance boost that could really draw in a wider crowd. The current price range for Solana (SOL) is between $64.84 and $132.36. The 10-Day Moving Average is $96.02, and the 100-Day Moving Average is $63.48. Solana (SOL) has a support level at $27.97 and resistance levels at $163.01 and $230.54. Anticipation is building that Solana (SOL) upcoming tech upgrades might draw a bigger crowd to the platform, potentially giving its value a nice lift. The average of 40.7 million daily user transactions in Q4 2023 indicates a vibrant ecosystem that could grow further with these updates. Conclusion In the dynamic 2024 crypto market, Solana (SOL) and Ripple (XRP) are key players with distinct trajectories. Both face the inherent volatility of the crypto market and external economic influences. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Altcoins such as Arbitrum (ARB), Sei (SEI), and Optimism (OP) are being considered as potential 'Solana killers,' with analysts predicting potential gains of over 300% for their investors. These altcoins have gained traction in the cryptocurrency market and have stabilized after initial volatility. One altcoin to watch out for is ScapesMania (MANIA), which is positioned in the gaming ecosystem and is expected to see exponential growth after its listing on tier-1 exchange platforms. The ScapesMania team has a well-designed post-listing marketing strategy and offers various perks to its holders. With a growing community and increasing interest from crypto whales, ScapesMania has the potential to transition from a niche project to mainstream success. In addition, altcoins like Arbitrum (ARB), Sei (SEI), and Optimism (OP) are making significant advancements in their respective fields. Arbitrum (ARB) stands out in the Optimistic Rollup space with its top-notch security, while Sei (SEI) has seen remarkable growth due to its v2 upgrade and focus on decentralized exchange (DEX) trading. Optimism (OP) has gained traction as a Layer 2 solution, improving transaction speed and cost-efficiency. However, it is important to note that these altcoins may face short-term volatility and must navigate market shifts and technological advancements to thrive in the long run. The information provided is sponsored and should be considered for informational purposes only, without constituting legal, tax, investment, or financial advice.

The newly launched Bitcoin ETFs in the US have quickly accumulated a substantial amount of BTC, with a combined total of over 638,900 BTC worth around $26.8 billion. Grayscale's Bitcoin Trust leads the pack with 566,973 BTC valued at over $23 billion, although it has experienced notable outflows due to bankrupt FTX and arbitrage opportunities. On the other hand, recently introduced ETFs like BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Trust have acquired over 20,000 BTC each, propelling their assets under management to surpass $1 billion within the first six trading days. Analysts anticipate improved market conditions and diminished selling pressure from Grayscale, which could potentially lead to a bullish breakout in Bitcoin's price. Blockchain analytical firm Santiment highlights bullish signals on Bitcoin's RSI and MVRV, while a technical analyst predicts a price of $130,000 by late 2025. However, it is advisable to take a more conservative approach due to the potential failure of these pricing models.

ETFs Now Hold 638,900 Bitcoin Worth $26.8 Billion: Analysts Expect Bullish Breakout Newly launched Bitcoin ETFs (exchange-traded funds) in the United States have amassed a significant portion of BTC. Indeed, the swift accumulation rate underscores the growing influence of these ETFs in the US, providing investors with new avenues for exposure to the world’s flagship cryptocurrency. Bitcoin ETF Holdings Data from CryptoQuant shows that the combined holdings of the Bitcoin ETFs in the US now exceed 638,900 BTC, equating to around $26.8 billion. Grayscale’s Bitcoin Trust, GBTC, is leading the pack, boasting 566,973 BTC valued at over $23 billion. However, since its launch, the financial product has experienced notable outflows, shedding approximately $5.5 billion in assets. Observers attribute these outflows to bankrupt FTX and investors capitalizing on prior arbitrage opportunities. “The more we think about it and talk to people, prob only a small minority of the GBTC outflows are likely going to the nine right now, as much of it was FTX and traders who earned discounts. Also, the proportionality of the flows to the size of the firm is almost perfect, indicating flows due to reach/distribution/hustle,” senior ETF Analyst at Bloomberg Eric Balchunas said. In contrast, the recently introduced ETFs demonstrate an intriguing trend in Bitcoin accumulation. BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Trust (FBTC) have acquired over 20,000 BTC, respectively. This has propelled their assets under management to surpass $1 billion within the first six trading days. Balchunas also spotlighted BlackRock’s ETF performance. He noted that IBIT has entered the top 15% of all ETFs by assets and ranks in the top 2% when measured by daily volume. Moreover, ETF issuers, including Bitwise, ARK 21 Shares, Invesco/Galaxy, Valkyrie, VanEck, Franklin Templeton, and WisdomTree, collectively hold a balance of around 23,000 BTC. BTC Price Prediction Since the ETF launches, Bitcoin’s price performance has shown relative restraint. Analysts, however, foresee a potential reversal of this trend, anticipating improved market conditions and diminished selling pressure from GBTC. Santiment, a leading blockchain analytical firm, highlighted bullish signals on Bitcoin’s Relative Strength Index (RSI) and MVRV. The firm observed these signals as the cryptocurrency surged beyond the $42,000 threshold on January 19. Also, a technical analyst under the pseudonym CryptoCon added to the optimistic outlook. Based on his analysis, Bitcoin could reach $130,000 by late 2025. “By the Halving Cycles Theory date of +/- 21 days from November 28th, 2025, here are the prices of the top 3 bands: Layer 7: 180k. Layer 6: 130k. Layer 5: 94k. The layer 6 price of 130k lines up with around 5 other price experiments that I have performed for the cycle top,” the analyst explained. However, the analyst noted that history suggests Bitcoin could reach $180,000 instead, a more conservative approach is advisable due to the potential failure of these pricing models.

MetaMask has partnered with Consensys Staking to introduce a new feature allowing users to stake at least 32 eth and run Ethereum validator nodes. Unlike other staking providers, MetaMask's offering does not require pooling or any hardware or software requirements. The stake is used to run a validator node through Consensys Staking, which already operates validators totaling approximately 4% of all staked eth. MetaMask promises a 4% annual yield on rewards, with a 10% fee, though this yield may vary based on the random chance of block selection. Additionally, MetaMask offers pooled staking through Lido and RocketPool with slightly lower rewards. This information is provided for informational purposes only and should not be considered as legal, tax, investment, financial, or other advice.

The unexpected surge in Dogecoin's price, rising over 10% within 12 hours, seems to be linked to the launch of Xpayments and Elon Musk's involvement. With Musk's keen interest in cryptocurrencies, the official launch of Xpayments and its potential for peer-to-peer payments has sparked speculation of a potential integration or collaboration between Dogecoin and X. On-chain metrics also support the idea of a price recovery for Dogecoin, with trading volume increasing by over 300% in the last 24 hours. Market participants foresee Dogecoin finding new utility as a payment option on X, which has fueled anticipation and could trigger a rally in its price. However, it's important to note that there have been no official statements about Dogecoin's adoption by X Payments at this time.

Dogecoin Surges 13% Higher Following Elon Musk’s X Payments Revelation In a notable development, Dogecoin (DOGE) experienced an unexpected surge of over 10% within a mere 12 hours on Saturday, catapulting its price from $0.078 to $0.090. The driving force behind this explosive growth seems to be intertwined with the launch of Xpayments, which left the cryptocurrency community buzzing with speculation.Elon Musk, known for his avid interest in cryptocurrencies, particularly Dogecoin and Bitcoin, made headlines with the official launch of Xpayments, marking X’s foray into the financial sector as evidenced by the acquisition of licenses for money operations across multiple U.S. states.Notably, X (formerly Twitter) has been gearing up to introduce peer-to-peer payments, with Musk hinting at potential public availability by mid-2024, sparking speculation about a potential integration or collaboration between Dogecoin and X.Meanwhile, on-chain metrics further supported the thesis of a Dogecoin price recovery. According to data from CoinMarketCap, Dogecoin’s trading volume has skyrocketed by more than 300% in the last 24 hours, reaching approximately $1.31 billion. This surge in volume signals a bullish outlook for the meme coin, hinting at potential price gains in the near future.Moreover, Market participants believe that Dogecoin could find a new utility as a payment option on X, fueling anticipation and potentially triggering a rally in its price. The X Payments project, announced as part of Elon Musk’s vision to position X as the “everything app,” aims to offer peer-to-peer payment services, introducing new opportunities for commerce.The rise in DOGE’s price is attributed to the expectations surrounding its role in the X Payments initiative, given Elon Musk’s consistent support for the meme coin since 2019. While Tesla already accepts Dogecoin as payment, there is speculation that the crypto asset could play a similar role in X Payments. Notably, just a week ago, Musk reaffirmed his commitment to cryptocurrencies, disclosing his ownership of a substantial amount of Dogecoin and confirming that SpaceX still holds a significant quantity of Bitcoin.Despite the optimism, it’s crucial to note that there were no official statements or hints from credible sources regarding X Payments adopting DOGE as a settlement option at the time of writing. CryptoZyCrypto Read more from ZyCrypto

The cryptocurrency market is constantly evolving, and recent developments have seen Solana (SOL) facing challenges from emerging contenders like Jito (JTO) and Bonk (BONK). While Solana experiences a decline, Aptos (APT) and Arbitrum (ARB) are gaining attention as potential market disruptors. Aptos (APT) is preparing for a significant token unlock, which could introduce volatility but also enhance liquidity and stability. On the other hand, Arbitrum (ARB) dominates the Ethereum rollups sector, but its upcoming token unlock poses both risks and opportunities. The crypto landscape remains dynamic, with new players emerging to redefine investor preferences and market dynamics.

The announcement of X's payment feature has had a significant impact on Dogecoin, causing its price to surge by 10% in the last 24 hours. With X's plans to introduce peer-to-peer payments and its association with Elon Musk, there is speculation about the potential use of DOGE within the platform. While the details of the payment system are unclear, the prevailing sentiment suggests that it may support cryptocurrency payments, given Musk's pro-crypto stance. As Dogecoin fights to break the $0.09 resistance level, many believe that the bullish trend is a result of the Xpayment announcement.

Dogecoin Jumps 10% as X (Twitter) Readies Payments Feature eature 📷 Dogecoin Jumps 10% as X (Twitter) Readies Payments Feature Jan 21, 202423:54 GMT+7 This strategic move has triggered a bullish trend for Dogecoin, a popular memecoin within the cryptocurrency market. X Payments Feature The newly created account, X Payments, prominently features a gold verification badge and the distinctive X logo, signaling its association with the platform. Despite a lack of posts, the account has amassed over 73,000 followers as of the latest update. This development aligns with X’s broader strategy to introduce a payment feature on its platform later this year. The company aims to roll out peer-to-peer payments that enhance its users’ utility and create new avenues for commerce. Recent reports stated that Elon Musk, the influential figure behind the platform, hinted at a potential launch of this feature by mid-2024. Having secured licenses across multiple US states, X is positioned to facilitate peer-to-peer payments and other monetary transfers, mirroring services provided by payment giants like PayPal. These licenses come as Musk seeks to turn X into an “everything app” modeled after the likes of Tencent’s WeChat. Dogecoin Reacts Positively X payment feature announcement has significantly impacted Dogecoin. Several crypto community members are speculating on potential use cases for DOGE within the platform. Musk’s favorable stance towards Dogecoin notably fuels the speculations. This is evident in Tesla accepting DOGE as a payment method for its merchandise and mentioning it on Tesla’s futuristic-looking CyberTruck code page. However, X nor Elon Musk have explicitly detailed whether its peer-to-peer system will support traditional fiat currency or cryptocurrency payments. But the prevailing sentiment leans towards the latter, given Musk’s pro-crypto inclinations. Meanwhile, the speculation surrounding Dogecoin’s potential integration has translated into a surge in its price over the last 24 hours. Presently, the token is trading around $0.085, reflecting a 10% growth according to pricing data from BeInCrypto. “Right now Dogecoin is fighting the $0.09 resistance level. Will the Bears or the Bulls Win? I believe we will hit the resistance 4 more times and break above it… This is all because of the Xpayment announcement,” a renowned technical analyst wrote.

ChatGPT forecasts promising growth for select altcoins in the upcoming trends. The CD20 Index indicates a positive sentiment in the cryptocurrency market, with steady positive funding rates for the top 25 cryptos. Among the altcoins, ScapesMania (MANIA) emerges as a well-balanced project with a robust post-listing marketing strategy and a promising gaming ecosystem. The ongoing presale presents an opportunity to secure discounted tokens. Near Protocol (NEAR) has experienced significant growth, breaking out from a descending resistance trend line and showing a sustained bullish trend. Cosmos (ATOM) is in the midst of community voting to reduce inflation, which could impact its future price movement. Ondo Finance (ONDO) has witnessed rapid growth and market expansion, with major exchanges listing its tokens and a significant increase in market capitalization. However, it is important to consider market volatility and regulatory developments when assessing future price movements. ChatGPT's analysis suggests that these altcoins have potential for growth and should be monitored closely by investors.

@hvy_gorilla It's crucial to stay informed and not let sudden price movements dictate investment decisions. Long-term fundamentals should always be the priority.

The Bitcoin market was swept into a frenzy following an alleged hack of the US Securities and Exchange Commission’s (SEC) X account, falsely claiming the approval of 11 spot ETFs. This misinformation led to a rollercoaster in Bitcoin’s price, which initially soared from $46,800 to $48,000, only to crash to $45,000 within a span of 20 minutes. This incident has become a pivotal moment for market analysts, providing insights into how the market might react to today’s potential Bitcoin spot ETF approvals in the short term. So here’s what experts from K33 Research, QCP Capital, and Daan Crypto Trades have to say. #1 K33 Research: Approval Will Be ‘Sell-The-News” Event Vetle Lunde, a senior analyst at K33 Research, provided an in-depth analysis of the market’s reaction to the erroneous announcement. He observed that the market’s immediate response was indicative of a tendency towards a ‘sell-the-news’ reaction. The initial surge in Bitcoin’s price was quickly met with a flood of long positions, causing a significant price fluctuation. #sbtc

@vanessavaquiz It's interesting to observe how different cryptocurrencies react to market events. Ethereum's resilience and strong performance could be a sign of growing confidence in its fundamentals.

In a week etched in crypto history, the long-awaited arrival of Bitcoin ETFs in the US sent shockwaves through the market. Yet, despite the monumental achievement, the king of crypto, Bitcoin, took a step back on Saturday, dipping 6% to end the week barely above $43,000. Many analysts predicted a “sell-the-news” scenario, where investors cashed in on profits built upon anticipation of the ETF approval. Others suggest a rotation into Ethereum, which surged 15% on the week and touched highs not seen since May 2022. Related Reading: Ethereum Eclipses Bitcoin In A Crypto Coup: Has The King Been Dethroned? Ethereum ETF Speculation: Shaping Crypto Narratives This speculation is fueled by expectations of imminent Ethereum ETF decisions from the SEC, potentially mirroring the winds that propelled Bitcoin towards a 60% rally in recent months. #Bitcoin

@crisangel_5 The tug-of-war between GBTC and other ETFs highlights the evolving nature of the crypto landscape. How will this dynamic shape the future of institutional investment in Bitcoin?

The Bitcoin price has been experiencing a phase of stagnation over the past days, leaving investors and analysts searching for the underlying causes. Three key factors can be seen as central to explaining Bitcoin’s current sideways trading trend: #1 ETF Inflows Are Offset By GBTC Selling, But For How Much Longer? The spot Bitcoin ETFs continue to be the dominant theme on the market, and Grayscale in particular, with its GBTC, remains the focus of analysts. While the ETF inflows continue to be record-breaking, the Bitcoin price remains flat. One of the main reasons for this is presumably the outflows on GBTC, which is viewed as overpriced with its fee of 1.5% per year (compared to 0.25%) by other issuers. Thomas Fahrer of Apollo pointed out the significant flow discrepancies in the market: “In three days of trading. IBIT +16K BTC, FBTC +12K BTC, BITB +6.7K BTC, ARKB +5.3K BTC, GBTC -27K BTC. GBTC BTC is flowing but not enough to sustain the other ETFs. Supply shock inbound imo.” #bitcoin

@KainNickrent What are your thoughts on altcoins in this market? Do you see potential for growth there too?

In a recent YouTube video published on Friday, January 12, Pizzino shared his insights into the current market conditions of Bitcoin, the world’s largest cryptocurrency. According to the analyst, the price of the top crypto is expected to drop by 20% to 22%, reaching possible support levels of $37,000 to $39,000 before the Bitcoin halving. #Bitcoin

@bradfordbonn61 This dip is a perfect opportunity to buy the dip and increase my Bitcoin holdings. The ETF launch was a game-changer, and I believe in the future of crypto."

The Bitcoin market is experiencing a period of adjustment following the much-anticipated launch of US spot ETFs last week. After a surge to a two-year high near $49,000, the leading cryptocurrency has pulled back over the past four days, currently trading at $42,588 with a market capitalization of $834 billion. This correction presents an opportunity to assess the underlying dynamics and potential future trajectories of the digital asset. #Bitcoin