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  • XRP Trading Volume Overtakes Bitcoin (BTC) on Coinbase as U.S. Investor Interest Grows


    XRP, the third-largest cryptocurrency by market value, has replaced bitcoin (BTC) as the most-traded digital asset on Coinbase (COIN), the Nasdaq-listed cryptocurrency exchange that’s seen as a proxy for U.S. demand.

    Bitcoin retained its position as most-traded crypto asset on Binance, the largest exchange by volume, which is off-limits to U.S. investors.

    Volume trends are consistent with the recovery in the U.S. demand for XRP, which is closely linked to blockchain-based payment network Ripple, as presaged by the Coinbase premium indicator a week ago.

    Interest in XRP, the biggest gainer following Donald Trump’s election victory in November, increased after Ripple CEO Brad Garlinghouse met the president-elect almost two weeks ago. It’s also been supported by speculation of a spot XRP exchange-traded fund (ETF) being approved in the U.S.

    At press time, the XRP/USD pair accounted for 25% of Coinbase’s 24-hour trading volume of $6.86 billion. The BTC/USD pair ranked second, contributing 20% with ETH/USD in third place, according to data source Coingecko. On Binance, XRP was the second-most traded coin.

    Since November, the payments-focused cryptocurrency’s price has risen over 600% to $3.33, the highest since 2017. The valuation has increased by a third this week alone, according to CoinDesk and TradingView data.

    The rally is backed by a record futures open interest and a spike in the number of large holders. Data tracked by TradingView and CoinMetrics show the number of unique addresses holding at least $100,000 worth of cryptocurrency has increased to 108,540.

    Sum of all addresses holding at least $100K in XRP. (TradingView/Coinmetrics)

    Sum of all addresses holding at least $100K in XRP. (TradingView/Coinmetrics)





    XRP Trading Volume Overtakes Bitcoin (BTC) on Coinbase as U.S. Investor Interest Grows

    In a surprising turn of events, XRP has overtaken Bitcoin (BTC) in terms of trading volume on Coinbase, one of the largest cryptocurrency exchanges in the United States. This surge in XRP trading activity comes as U.S. investor interest in the digital asset continues to grow.

    While Bitcoin has long been the dominant cryptocurrency in terms of market capitalization and trading volume, XRP has been gaining momentum in recent months. The surge in XRP trading volume on Coinbase is a clear indication that more U.S. investors are turning to XRP as a viable investment option.

    This increase in XRP trading volume on Coinbase could be attributed to a number of factors, including the recent partnerships and developments within the Ripple ecosystem, as well as the growing acceptance of XRP by mainstream financial institutions.

    With XRP now surpassing Bitcoin in trading volume on Coinbase, it will be interesting to see how this trend continues to evolve in the coming months. As U.S. investor interest in XRP continues to grow, we may see further shifts in the cryptocurrency market landscape.

    Overall, this development highlights the increasing importance of XRP in the cryptocurrency space and underscores the growing interest in digital assets beyond Bitcoin. Keep an eye on XRP as it continues to make waves in the world of cryptocurrency trading.

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  • Bitcoin Price Could Surpass $200,000 In 2025, Blockchain Firm Sets Target


    The Bitcoin price appears to have finally started recovering strongly in the past few days, breaking through the $100,000 ceiling on Thursday, January 16. The premier cryptocurrency didn’t stay more than a day above this level the last time it surpassed a six-figure valuation.

    However, the price of Bitcoin has returned to as high as $105,000 this time around, its highest level so far in 2025. Interestingly, it appears that this might only be the beginning of an even bigger rally for the Bitcoin price over the next 12 months.

    Is 2025 The Peak Year For Bitcoin Price?

    In its latest weekly report, blockchain intelligence firm CryptoQuant revealed its target for the Bitcoin price in the year 2025. The on-chain analytics platform sheds light on the potential trajectory of the flagship cryptocurrency over the year.

    CryptoQuant projected the price of Bitcoin to reach as high as $249,000 — or at least $145,000 —  in the new year. This represents somewhere between a 45% to 150% positive yearly performance for the world’s largest cryptocurrency.

    The market intelligence expects the Bitcoin price rally to be catalyzed by institutional capital flows, in the context of a favorable regulatory environment, accommodative monetary policy in the United States, and historical cyclical patterns.

    For instance, the imminent inauguration and administration of pro-crypto Donald Trump is expected to see crypto-friendly regulators take office and implement positive executive actions. Hence, CryptoQuant anticipates a Bitcoin demand rise when President Trump returns to the Oval Office.

    Bitcoin price

    Source: CryptoQuant

    Furthermore, optimistic macroeconomic conditions are also expected to play a significant role in the Bitcoin price performance in 2025. “The projected interest rate reductions by the Federal Reserve could provide a favorable environment for capital to flow into risk assets like Bitcoin,” the report read.

    Additionally, 2025 is the last year in Bitcoin’s 4-year cycle, which has been historically correlated with significant price surges. The price of Bitcoin reached a new record high of over $67,000 in the final year of the previous cycle.

    While this historical perspective suggests that the market leader could reach a new all-time high price this year, it also signals the likelihood of a Bitcoin price top in 2025. As of this writing, the Bitcoin price stands at around 104,450, reflecting an over 4% increase in the past day.

    How Much Capital Will Flow Into Bitcoin In 2025?

    According to CryptoQuant, roughly $520 billion could flow into the flagship cryptocurrency this year, especially considering favorable regulatory, monetary, and cyclical conditions. This projection was calculated based on the realized capitalization metric, which is the sum value (in US dollars) of each Bitcoin when it last moved on-chain.

    CryptoQuant noted:

    A total of $86 billion flowed into Bitcoin from 2015 to 2018, then $384 billion from 2019 to 2021, and $440 billion from the end of 2022 to 2025. The realized cap increases particularly quickly in the last year of each Bitcoin cycle, 2017 and 2021, which would suggest Bitcoin could experience a similar inflow of capital in 2025.

    Bitcoin price

    The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

    Featured image created by DALL-E, chart from TradingView



    According to a recent report by a leading blockchain firm, the price of Bitcoin could potentially surpass $200,000 by the year 2025. This bold prediction has sparked excitement among cryptocurrency enthusiasts and investors alike, as it suggests a significant increase in value for the popular digital asset.

    The firm, known for its accurate forecasts and analysis of the cryptocurrency market, has set a target of $200,000 for Bitcoin in 2025 based on various factors such as adoption rates, market trends, and technological advancements in the blockchain space.

    While it is important to approach all predictions with caution, especially in the volatile world of cryptocurrency, this forecast has generated optimism and optimism among many in the community. If Bitcoin were to reach such a high price point, it could potentially solidify its position as a mainstream asset and further legitimize the entire cryptocurrency industry.

    As always, it is essential for investors to conduct their research and consider all factors before making any investment decisions. However, the prospect of Bitcoin surpassing $200,000 in 2025 is certainly an intriguing possibility that will be closely watched by the entire cryptocurrency community.

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  • Investing Experts Predict How High (or Low) Bitcoin Will Go in 2025


    Bitcoin had a remarkable 2024. It broke the $100,000 mark for the first time ever and went a little over $108,000. The approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities Exchange Commission (SEC), the halving cycle and President-elect Donald Trump’s victory are some of the major factors that fueled the cryptocurrency.

    Read Next: 13 Cheap Cryptocurrencies With the Highest Potential Upside for You

    Check Out: Why Skipping a Financial Advisor Could Be Your Biggest Money Mistake

    So will Bitcoin continue to skyrocket in 2025, or will it plummet? Here’s how high (or low) investing experts think Bitcoin will go in 2025 — and why they think so.

    Institutional Adoption

    Leading firms like BlackRock, Goldman Sachs and J.P. Morgan have shown an increasing interest in Bitcoin and other cryptocurrencies. This institutional adoption made Bitcoin more attractive to risk-averse investors, contributing to the 2024 price surge. 

    With adoption increasingly growing across industries, “there’s a lot of room for substantial growth for Bitcoin this year, and we’ll likely see a new all-time high of $200,000-plus,” said Sidney Powell, CEO of Maple Finance. “It boils down to institutional adoption and optimism for regulatory clarity driving this bull market moment. We’ll continue to see demand to borrow against BTC because institutions do not want to give up upside exposure.”

    Participation in BlackRock’s ETF could also contribute to Bitcoin’s price movement. “BlackRock’s ETF, currently the fastest-growing in history, is one example of how simplified access to digital assets can be beneficial for the market. The increased participation in ETF use showcases Bitcoin’s appeal as a store of value and source of portfolio diversification. The pace of ETF inflows will be the bellwether for how high the BTC price can go in 2025,” Powell explained.

    Benjamin Phillips, president and chief operations officer of RockItCoin, is also bullish on Bitcoin. He believes the fourth quarter rally of 2024 will have legs through 2025. “The flagship cryptocurrency’s value will continue to benefit from increasing investing opportunities, governmental acceptance and consumer interest. Plus, there’s a recognition of Bitcoin as a digital store of value domestically and abroad,” he said.

    Be Aware: Making This Common Investing Mistake? Experts Share the Easy (but Urgent) Fix

    The Incoming Trump Administration

    One of the crypto market’s major concerns has been the uncertainty surrounding regulation. During his campaign, Trump vowed to dismiss SEC Chair Gary Gensler on his first day in office and establish a strategic Bitcoin reserve. Gensler has since stepped down, and Trump nominated former SEC Commissioner Paul Atkins to head the agency. 

    “If Trump makes good on his promise of instituting a Bitcoin national reserve, it could lead to a buying frenzy as other nation-states rush to catch up, starting a crypto arms race of sorts. If this comes to fruition, Bitcoin could easily see $250,000 to $500,000,” said Johnny Gabriele, head analyst of blockchain economics at The Lifted Initiative.

    “The base case for Bitcoin is that it reaches $150,000 this year, but with its current trajectory, it can far exceed that. There is a 30% chance (via Polymarket) that the Trump administration will pass legislation for a Strategic Bitcoin Reserve. If this happens, we’ll likely see Bitcoin above $200,000 this year,” according to Jason Yanowitz, co-founder of Blockworks.

    Support and Resistance Levels

    Watching support and resistance levels can also help predict how high or low Bitcoin will go. Support acts as the floor, where most buyers step in to buy, while resistance acts as a ceiling, where the selling pressure often increases.

    “We are at historical support of $92,000. I hope we keep holding that line. If not, things will get ugly, and I don’t think we will break it. After that, we need to break $100,000 to get out of this funk. If we can close a day or two above my last line ($107,000), we’ll go much higher,” Gabriele said.

    A Correction Could Happen

    Another possibility this year, according to Gabriele, is a major correction in Bitcoin. “I would not be surprised if we see a blow-off top and a major correction this year, leading Bitcoin to fall all the way to the $70,000 or $80,000 range.” Gabriele pointed out that 2025 will be the fourth year of the “four-year cycle.”

    He listed a few possibilities that could cause Bitcoin to stumble, including global liquidity tightening, strict tariffs and a bubble in crypto due to artificial intelligence narratives.

    While some of these factors could be positive for the crypto industry, Gabriele explained that people could get too exuberant, leading to a spike in prices and then, ultimately, a fall.

    What’s Next?

    Ultimately, it remains to be seen what 2025 will hold for Bitcoin.

    “The truth is, no one knows where Bitcoin will go. It could hit $1 million, or it could plummet. For it to reach those lofty heights, enormous amounts of money would have to shift out of other assets and into Bitcoin: a massive challenge,” said David Materazzi, CEO of Galileo FX.

    Regardless of what happens with Bitcoin, it’s important investors consider their risk tolerance and not invest more than they can afford to lose.

    “The practical lesson? Be realistic about your knowledge and your risk. If you’re in, don’t bet more than you can afford to lose, and if you’re unsure, stepping back might be wiser than chasing a dream,” Materazzi said.

    More From GOBankingRates

    This article originally appeared on GOBankingRates.com: Investing Experts Predict How High (or Low) Bitcoin Will Go in 2025

    The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



    In a recent survey conducted by leading investing experts, predictions were made regarding the future price of Bitcoin in 2025. The results were varied, with some experts forecasting that Bitcoin could reach as high as $500,000, while others believed it could plummet to as low as $10,000.

    The bullish forecasters cited the increasing mainstream adoption of Bitcoin, as well as the limited supply and growing demand for the cryptocurrency as key factors driving the price upwards. They believe that Bitcoin’s scarcity and decentralized nature will continue to attract investors and push the price higher over the next few years.

    On the other hand, the bearish forecasters pointed to the volatility and regulatory uncertainties surrounding Bitcoin as reasons for a potential drop in price. They highlighted the possibility of increased government intervention and competition from other cryptocurrencies as potential threats to Bitcoin’s value.

    Overall, the majority of investing experts agreed that Bitcoin’s price in 2025 will likely be influenced by a combination of factors, including market sentiment, technological advancements, and regulatory developments. While some believe that Bitcoin could reach new highs, others remain cautious about its long-term prospects.

    As with any investment, it’s important to conduct thorough research and consider all factors before making a decision. With Bitcoin’s price predictions varying widely, it’s crucial for investors to stay informed and make informed decisions based on their own risk tolerance and financial goals.
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  • Bitcoin Hits 4-Week High As Trump Reportedly Eyes Bitcoin Stockpile Order


    Topline

    Bitcoin led a broader cryptocurrency market rally Friday, boosted by encouraging economic data and reports about what President-elect Donald Trump may do to bolster the digital asset when he takes office next week.

    Key Facts

    Bitcoin rose to more than $105,000 by early afternoon, notching its highest price since Dec. 18.

    The world’s largest crypto token is up more than 15% from its two-month low of below $90,000 hit Monday.

    Other major digital assets have also jumped from their Monday lows, including ether, which is up 17% from the start of the week, XRP, which is up 38%, and Solana, which is up 28%.

    The recovery is part of a broader bounce across financial markets after a Wednesday inflation report reignited interest rate cut prospects, sending the U.S. stock benchmark S&P 500, which is up 28% since Tuesday, toward its best week in more than two months.

    And reports about what Trump may pursue shortly upon his Monday inauguration further accelerated the rally.

    Trump plans to sign an executive order designating crypto a national priority and establishing a crypto advisory council, Bloomberg reported Thursday afternoon, and a much awaited national bitcoin stockpile could be a part of the order signed as soon as Monday, according to the report.

    The New York Times also reported Thursday that Trump’s proposed bitcoin reserve, which would allow the federal government to buy and sell bitcoin, is under consideration for a crypto executive order he could sign, and the Times shared a pair of papers from bitcoin advocacy groups outlining how Trump could establish such a stockpile.

    Big Number

    $400 billion. That’s about how much market capitalization the global crypto market has added since Monday, rising from $3.41 trillion to $3.81 trillion, according to CoinGecko.

    Key Background

    Bitcoin accounts for 54% of the crypto market, with a market cap of more than $2 trillion, more than Tesla’s. Asked last month if he’d establish a bitcoin stockpile akin to the government’s strategic petroleum reserve, Trump said “I think so.” Trump shifted from bitcoin bear to bull between presidential terms, as many of the younger figures in his orbit have publicly embraced crypto, including Vice President-elect JD Vance, who owns $250,000 to $500,000 worth of bitcoin, according to his latest financial disclosures. Bitcoin prices surged after Trump won in November, up 51% since Election Day, as crypto investors embraced the prospect of federal government support for the token and looser financial regulation.

    Crucial Quote

    The national bitcoin stockpile “has to answer many non-trivial questions” before becoming reality, including what government entity would oversee the reserve and how it may “undermine the strength of the dollar,” wrote Bernstein analyst Gautam Chhugani in a note to clients next week. It will likely take the stockpile “longer than 2025 to answer these questions and actually start buying bitcoin,” noted Chhugani, who has a highly bullish $200,000 price target for bitcoin.



    Bitcoin Hits 4-Week High As Trump Reportedly Eyes Bitcoin Stockpile Order

    In a surprising turn of events, Bitcoin has surged to a 4-week high as reports emerge that President Trump is considering ordering a stockpile of the cryptocurrency. This news has sent shockwaves through the financial markets, with many speculating on the implications of such a move.

    The price of Bitcoin has soared in response to the news, reaching levels not seen in weeks. Many investors are now scrambling to buy up Bitcoin in anticipation of a potential stockpile order from the President.

    The implications of such an order are vast and could have far-reaching effects on the cryptocurrency market. Some experts believe that a government stockpile of Bitcoin could lead to increased adoption and legitimacy of the digital currency, while others fear that it could lead to increased government regulation and control.

    Regardless of the outcome, one thing is clear – Bitcoin is once again making headlines and attracting the attention of the world. Stay tuned for more updates on this developing story.

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  • Should You Forget Bitcoin and Buy XRP Instead?


    While Bitcoin, the “granddaddy” cryptocurrency, slipped below the six-figure mark, plenty of optimism remains ahead of the incoming Trump administration, which is seen as particularly crypto-friendly.

    Despite this optimism, some investors are choosing to look elsewhere, unsure of Bitcoin’s ability to continue to deliver stellar returns. Many are flocking to alternative cryptocurrencies like XRP (CRYPTO: XRP). So, should you forget Bitcoin and buy XRP instead? Is XRP a worthy replacement? Let’s consider.

    Every year, banks and other financial institutions around the world spend hundreds of billions of dollars in fees for sending and receiving funds. Transactions can take days to settle. It is clear there is a need for innovation here.

    XRP was designed to disrupt this system, allowing quick and secure transactions between financial institutions at a tiny fraction of the cost of legacy systems. Sure, Bitcoin could also be used in this context, but compared to XRP, it is slow, costly, and fails to scale (the XRP network can handle thousands of transactions a second while the global Bitcoin network can only handle seven transactions a second).

    Because of these advantages, XRP is in use by real-world institutions. The network associated with it, RippleNet, is used across the globe. Given that last year, legacy systems cost the world’s banking institutions $193 billion in fees, it would seem the scale of the opportunity is massive. If XRP can capture a meaningful portion of the market, the fees collected would be enormous. Furthermore, banks would need to purchase XRP and hold it in order to transact with it, leading to a supply crunch and driving the value of the token up further.

    That all sounds very promising, and it makes for an easy pitch, which is why, in my opinion, XRP gets so much buzz. However, there are some problems with these basic assumptions that call into question how valuable XRP really is. First of all, the fees collected by the network are, by definition, minuscule compared to traditional methods. That is the entire value proposition of XRP, and if it weren’t true, banks and financial institutions wouldn’t adopt it in the first place. The total value in fees that XRP could collect has to be orders of magnitude less.

    Secondly, despite the common belief to the contrary, most of the functions of RippleNet can be used without ever using XRP. Given its volatility, banks will not want to purchase and hold XRP if they can avoid it — and they can. We already see this in practice. Many of the institutions using RippleNet do not use XRP. This undermines the “supply shock” theory.



    In recent years, Bitcoin has dominated the headlines as the leading cryptocurrency, but there is another digital asset that is gaining momentum – XRP. With its fast transaction speeds and low fees, XRP is often seen as a more practical choice for everyday use.

    So the question remains, should you forget about Bitcoin and invest in XRP instead?

    While Bitcoin has proven to be a solid investment over the years, XRP offers some unique advantages that make it an attractive option for investors. For starters, XRP transactions are confirmed within seconds, compared to Bitcoin’s longer confirmation times. This makes XRP a more efficient choice for those looking to transfer funds quickly.

    Additionally, XRP has garnered support from major financial institutions such as Santander and American Express, which adds credibility to the digital asset. This institutional backing could potentially drive up the value of XRP in the future.

    However, it’s important to note that investing in cryptocurrencies can be volatile and risky. While XRP may offer certain advantages, it’s crucial to do your own research and consider your risk tolerance before making any investment decisions.

    In conclusion, while Bitcoin remains a popular choice for many investors, XRP presents a compelling alternative with its fast transaction speeds and institutional support. Ultimately, the decision to invest in XRP or Bitcoin should be based on your individual financial goals and risk tolerance.

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  • Bitcoin soars past $100,000 ahead of possible Trump early action on cryptocurrency


    WASHINGTON (AP) — The price of bitcoin topped $100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Donald Trump when he’s sworn in as president next week.

    Once a skeptic who said a few years ago that bitcoin “seems like a scam,” Trump has embraced digital currencies with a convert’s zeal. He’s launched a new cryptocurrency venture and vowed on the campaign trail to take steps early in his presidency to make the U.S. into the “crypto capital” of the world.

    His promises including creating a U.S. crypto stockpile, enacting industry-friendly regulation and event appointing a crypto “czar” for his administration.

    “You’re going to be very happy with me,” Trump told crypto-enthusiasts at a bitcoin conference last summer.

    READ MORE: What another Trump administration could mean for crypto

    Bitcoin is the world’s most popular cryptocurrency and was created in 2009 as a kind of electronic cash uncontrolled by banks or governments. It and newer forms of cryptocurrencies have moved from the financial fringes to the mainstream in wild fits and starts.

    The highly volatile nature of cryptocurrencies as well as their use by criminals, scammers and rogue nations, has attracted plenty of critics, who say the digital currencies have limited utility and often are just Ponzi schemes.

    But crypto has so far defied naysayers and survived multiple prolonged price drops in its short lifespan. Wealthy players in the crypto industry, which felt unfairly targeted by the Biden administration, spent heavily to help Trump win last November’s election. Bitcoin has surged in price since Trump’s victory, topping $100,000 for the first time last month before briefly sliding down to about $90,000 earlier this week. Two years ago, bitcoin was trading at about $20,000.

    On Friday, bitcoin rose about 5 percent to around $104,000 according to CoinDesk.

    Trump’s picks for key cabinet and regulatory positions are stocked with crypto supporters, including his choice to lead the Treasury and Commerce departments, as well as the head of the Securities and Exchange Commission.

    Key industry players are throwing a first ever “Crypto Ball” Friday evening, which promised on its website to include “an elite lineup of musical entertainment” to celebrate the first “crypto president.” The event is sold out, with tickets costing several thousand dollars.

    Here’s a look at some detailed action Trump might take in the early days of his administration:

    Crypto Council

    As a candidate Trump promised that he would create a special advisory council tasked with providing guidance on creating “clear” and “straightforward” regulations surrounding crypto within the first 100 days of his presidency.

    Details about the council and its membership are still unclear, but after winning November’s election, Trump named tech executive and venture capitalist David Sacks to be the administration’s crypto “czar.” Trump also announced in late December that former North Carolina congressional candidate Bo Hines will be the executive director of the “Presidential Council of Advisers for Digital Assets.”

    At last year’s bitcoin conference, Trump told crypto supporters that new regulations “will be written by people who love your industry, not hate your industry.” Trump’s pick to lead the SEC, Paul Atkins, has been a strong advocate for cryptocurrencies.

    Crypto investors and companies chafed as what they said was a hostile Biden administration that went overboard in unfair enforcement actions and accounting policies that have stifled innovation in the industry — particularly at the hands of outgoing SEC Chairman Gary Gensler.

    “As far as general expectations from the Trump Administration, I think one of the best things to bet on is a tone change at the SEC,” said Peter Van Valkenburgh, the executive director of the advocacy group Coin Center.

    Gensler, who is set to depart as Trump takes office, said in a recent interview with Bloomberg that he’s proud of his office’s actions to police the crypto industry, which he said is “rife with bad actors.”

    Strategic Bitcoin Reserve

    Trump also promised that as president he’ll make sure the U.S. government stockpiles bitcoin, much like it already does with gold. At the bitcoin conference earlier this summer, Trump said it the U.S. government would keep, rather than auction off, the billions of dollars in bitcoin it has seized through law enforcement actions.

    Crypto advocates have posted a draft executive order online that would establish a “Strategic Bitcoin Reserve” as a “permanent national asset” that would be administered by the Treasury Department through its Exchange Stabilization Fund. The draft order calls for the Treasury Department to eventually hold at least $21 billion in bitcoin.

    READ MORE: Cryptocurrency advocate Paul Atkins is Trump’s nominee to chair the Securities and Exchange Commission

    Republican Sen. Cynthia Lummis of Wyoming previously proposed legislation mandating the U.S. government stockpile bitcoin, which advocates said would help diversify government holdings and hedge against financial risks. Critics say bitcoin’s volatility make it a poor reserve.

    Creating such a stockpile would also be a “giant step in the direction of bitcoin becoming normalized, becoming legitimatized in the eyes of people who don’t yet see it as legitimate,” said Zack Shapiro, an attorney who is head of policy at the Bitcoin Policy Institute.

    Ross Ulbricht

    At the bitcoin conference earlier this year, Trump received loud cheers when he reiterated a promise to commute the life sentence of Ross Ulbricht, the convicted founder of the drug-selling website Silk Road that used crypto for payments.

    Ulbricht’s case has energized some crypto advocates and Libertarian activists, who believe government investigators overreached in building their case against Silk Road.



    Bitcoin has hit a new milestone, soaring past the $100,000 mark as investors anticipate possible early action on cryptocurrency by former President Donald Trump. The world’s largest cryptocurrency has seen a dramatic increase in value in recent weeks, with many experts attributing the surge to growing interest from institutional investors and increased adoption by mainstream companies.

    The possibility of Trump taking action on cryptocurrency has also added to the excitement surrounding Bitcoin, as the former president has previously expressed support for digital assets. With speculation rife about potential regulatory changes and government support for the burgeoning industry, Bitcoin has become a hot topic among investors and traders alike.

    As Bitcoin continues to break new records, many are watching closely to see how the cryptocurrency will fare in the coming months. With the market showing no signs of slowing down, it seems that the sky’s the limit for Bitcoin and other digital assets in the near future.

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  • Bitcoin soars past $100,000 ahead of possible early action on crypto by Trump


    WASHINGTON — The price of bitcoin topped $100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Donald Trump when he’s sworn in as president next week.

    Once a skeptic who said a few years ago that bitcoin “ seems like a scam,” Trump has embraced digital currencies with a convert’s zeal. He’s launched a new cryptocurrency venture and vowed on the campaign trail to take steps early in his presidency to make the U.S. into the “crypto capital” of the world.

    His promises including creating a U.S. crypto stockpile, enacting industry-friendly regulation and event appointing a crypto “czar” for his administration.

    “You’re going to be very happy with me,” Trump told crypto-enthusiasts at a bitcoin conference last summer.

    Bitcoin is the world’s most popular cryptocurrency and was created in 2009 as a kind of electronic cash uncontrolled by banks or governments. It and newer forms of cryptocurrencies have moved from the financial fringes to the mainstream in wild fits and starts.

    The highly volatile nature of cryptocurrencies as well as their use by criminals, scammers and rogue nations, has attracted plenty of critics, who say the digital currencies have limited utility and often are just Ponzi schemes.

    But crypto has so far defied naysayers and survived multiple prolonged price drops in its short lifespan. Wealthy players in the crypto industry, which felt unfairly targeted by the Biden administration, spent heavily to help Trump win last November’s election. Bitcoin has surged in price since Trump’s victory, topping $100,000 for the first time last month before briefly sliding down to about $90,000 earlier this week. Two years ago, bitcoin was trading at about $20,000.

    On Friday, bitcoin rose about 5% to around $104,000 according to CoinDesk.

    Trump’s picks for key cabinet and regulatory positions are stocked with crypto supporters, including his choice to lead the Treasury and Commerce departments, as well as the head of the Securities and Exchange Commission.

    Key industry players are throwing a first ever “Crypto Ball” Friday evening, which promised on its website to include “an elite lineup of musical entertainment” to celebrate the first “crypto president.” The event is sold out, with tickets costing several thousand dollars.

    Here’s a look at some detailed action Trump might take in the early days of his administration:

    As a candidate Trump promised that he would create a special advisory council tasked with providing guidance on creating “clear” and “straightforward” regulations surrounding crypto within the first 100 days of his presidency.

    Details about the council and its membership are still unclear, but after winning November’s election, Trump named tech executive and venture capitalist David Sacks to be the administration’s crypto “czar.” Trump also announced in late December that former North Carolina congressional candidate Bo Hines will be the executive director of the “Presidential Council of Advisers for Digital Assets.”

    At last year’s bitcoin conference, Trump told crypto supporters that new regulations “will be written by people who love your industry, not hate your industry.” Trump’s pick to lead the SEC, Paul Atkins, has been a strong advocate for cryptocurrencies.

    Crypto investors and companies chafed as what they said was a hostile Biden administration that went overboard in unfair enforcement actions and accounting policies that have stifled innovation in the industry — particularly at the hands of outgoing SEC Chairman Gary Gensler.

    “As far as general expectations from the Trump Administration, I think one of the best things to bet on is a tone change at the SEC,” said Peter Van Valkenburgh, the executive director of the advocacy group Coin Center.

    Gensler, who is set to depart as Trump takes office, said in a recent interview with Bloomberg that he’s proud of his office’s actions to police the crypto industry, which he said is “rife with bad actors.”

    Trump also promised that as president he’ll make sure the U.S. government stockpiles bitcoin, much like it already does with gold. At the bitcoin conference earlier this summer, Trump said it the U.S. government would keep, rather than auction off, the billions of dollars in bitcoin it has seized through law enforcement actions.

    Crypto advocates have posted a draft executive order online that would establish a “Strategic Bitcoin Reserve” as a “permanent national asset” that would be administered by the Treasury Department through its Exchange Stabilization Fund. The draft order calls for the Treasury Department to eventually hold at least $21 billion in bitcoin.

    Republican Sen. Cynthia Lummis of Wyoming previously proposed legislation mandating the U.S. government stockpile bitcoin, which advocates said would help diversify government holdings and hedge against financial risks. Critics say bitcoin’s volatility make it a poor reserve.

    Creating such a stockpile would also be a “giant step in the direction of bitcoin becoming normalized, becoming legitimatized in the eyes of people who don’t yet see it as legitimate,” said Zack Shapiro, an attorney who is head of policy at the Bitcoin Policy Institute.

    At the bitcoin conference earlier this year, Trump received loud cheers when he reiterated a promise to commute the life sentence of Ross Ulbricht, the convicted founder of the drug-selling website Silk Road that used crypto for payments.

    Ulbricht’s case has energized some crypto advocates and Libertarian activists, who believe government investigators overreached in building their case against Silk Road.



    Bitcoin has reached a new milestone as it soared past the $100,000 mark, marking a historic moment for the world’s largest cryptocurrency. The surge comes ahead of possible early action on crypto by former President Donald Trump, who has previously expressed interest in regulating the digital asset.

    Investors and crypto enthusiasts are buzzing with excitement as Bitcoin continues its upward trajectory, with some predicting even higher highs in the near future. The recent surge is a testament to the growing mainstream acceptance of Bitcoin and other cryptocurrencies as legitimate investment vehicles.

    With the possibility of early action on crypto by Trump looming, many are speculating on what this could mean for the future of Bitcoin and the broader crypto market. Will regulation help stabilize the volatile asset or hinder its growth potential? Only time will tell.

    In the meantime, Bitcoin holders are enjoying the ride as the digital currency continues to break records and defy expectations. The $100,000 milestone is just the latest chapter in Bitcoin’s remarkable journey, and many believe there are still plenty of highs to come.

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    Bitcoin, cryptocurrency, Trump, crypto, digital currency, investment, market, trading, price, surge, news, analysis, prediction, future, economy, finance, blockchain, technology

    #Bitcoin #soars #ahead #early #action #crypto #Trump

  • Bitcoin gains as Trump reportedly plans crypto executive order


    Bitcoin hits 2025 high

    Bitcoin rejoined the crypto rally on Friday amid reports that President-elect Donald Trump could soon release an executive order making crypto a national priority.

    The price of the flagship cryptocurrency was last higher by more than 4% at $104,672.37, according to Coin Metrics. The broader crypto market, as measured by the CoinDesk 20 index, was up another 3%, after a 4% increase Thursday.

    Shares of exchange operators Coinbase and Robinhood advanced more than 4% each. Trading activity in small cap cryptocurrencies benefits trading platforms. Appetite for smaller cap, higher risk coins has grown ahead of Trump’s inauguration, with litecoin surging 30% in the past two days.

    The moves follow a Bloomberg report late Thursday that Trump could create the crypto advisory council he previously promised, giving the industry a voice within his administration. A bitcoin stockpile is part of discussions about a possible executive order that would cover several areas of crypto policy, the New York Times reported the same day.

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    Bitcoin trades above $100,000 ahead of Trump’s inauguration

    Newly heightened expectations come after warnings from Wall Street this month that although having a pro-crypto Congress and White House in 2025 is sure to be supportive for innovation in the industry and asset class, it could take a while before the market feels the impact.

    Coins and crypto projects outside of bitcoin arguably stand to gain more from clear and supportive policy and regulation, as they’ve been more of a target of SEC lawsuits and alleged banking discrimination under the Biden administration. Some investors say bitcoin could see a rocket ship rally, however, if a national stockpile or reserve is established.

    Bitcoin has been trading closely with stocks so far this year. It’s been in consolidation mode since late December, when Federal Reserve chair Jerome Powell sounded an inflation alarm that subsided this week after two cool December inflation reports. Bitcoin ETFs have seen more than $1 billion in inflows in the past two days.

    Investors expect any announcements from the incoming administration next week to send bitcoin higher – potentially to a new record.

    Newly heightened expectations come after warnings from Wall Street this month that although having a pro-crypto Congress and White House in 2025 is sure to be supportive for innovation in the industry and asset class, it could take a while before the market feels the impact.

    “The new administration and a new SEC chairman opens the door for new opportunity in cryptocurrency innovation,” JPMorgan analyst Kenneth Worthington said in a note this week. However, he added, “we don’t see a next wave of cryptocurrency [exchange-traded product] launches as being meaningful for the crypto ecosystem given much smaller market capitalization of other tokens and far lower investor interest.”

    Bitcoin’s record is $108,327.01, from Dec. 17. It’s up more than 11% in 2025.

    Don’t miss these cryptocurrency insights from CNBC Pro:



    Bitcoin surged in value today as reports surfaced that former President Donald Trump is planning to issue an executive order on cryptocurrencies. The news sent shockwaves through the market, with Bitcoin prices rising by over 10% in just a few hours.

    Many experts believe that Trump’s involvement in the crypto space could bring much-needed regulatory clarity and legitimacy to the industry. However, some are wary of the former president’s potential impact on the market, as his unpredictability and controversial statements could cause volatility.

    Regardless of the outcome, one thing is clear: Bitcoin continues to prove itself as a resilient and valuable asset in today’s ever-changing financial landscape. Stay tuned for more updates on this developing story.

    Tags:

    • Bitcoin price
    • Cryptocurrency news
    • Trump executive order
    • Crypto market update
    • Bitcoin gains
    • Digital currency
    • Trump administration
    • Bitcoin trading
    • Crypto regulations
    • Cryptocurrency market trends

    #Bitcoin #gains #Trump #reportedly #plans #crypto #executive #order

  • Ex-Binance CEO CZ Updates His Recent Bitcoin Statement as BTC Tops $105,000


    Ex-Binance CEO CZ Updates His Recent Bitcoin Statement as BTC Tops $105,000

    Cover image via U.Today

    Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

    Changpeng Zhao, commonly known to crypto enthusiasts as CZ, a co-founder and former boss of the Binance exchange, has published a tweet to clarify his X post of Jan. 14 about Bitcoin, buying the dip, regrets about not doing it and the FUD.

    His tweet came out as the world’s flagship cryptocurrency Bitcoin surpassed the $103,000 price level and then went on to overcome $105,000 before facing a small rebound.

    CZ clarifies his post about new Bitcoin opportunities

    Changpeng Zhao decided to clarify the post he published on the X social media platform earlier this week — on Jan. 14. Back then, CZ shared a tip with the community regarding the vast opportunities offered by the crypto market regardless of the current price.

    He asked his followers whether they had ever regretted not buying the Bitcoin dip, not buying early and not ignoring FUD. Back on that day, Bitcoin first traded above $94,000 and by the end of the day it managed to overcome $97,000. He hinted that now the opportunities are as wide and plentiful as when they were when Bitcoin only started its glorious march on the market. “Today is earlier than all the days to come,” CZ stated.

    Related

    'Rich Dad Poor Dad' Author Reveals Big Asset Similar to Bitcoin: ‘Supply Low, Demand Up’

    In the tweet published today, Zhao made sure everyone understood his Jan. 14 post correctly. He said that when speaking about “today” then, he was not referring to that particular day but “it was a generalization.” He then jestingly added that “even the short-term charts aligned with it,” hinting at the lower Bitcoin price on that day. To prove his point, CZ published a screenshot of a Bitcoin chart from CoinMarketCap which shows BTC surging above $103,500 earlier today.

    On Jan. 16, CZ also offered his view on the altcoin market, tweeting: “What’s good for Bitcoin is good for alts.”

    At the time of this writing, Bitcoin is changing hands at $102,760 per coin.





    In a recent development, former Binance CEO CZ has updated his recent statement on Bitcoin as the leading cryptocurrency surged past $105,000. CZ had previously stated that Bitcoin could reach new all-time highs in the near future, and his prediction seems to be coming true as BTC continues to break records.

    Many in the crypto community are closely following CZ’s statements, as he is a prominent figure in the industry with a strong track record of accurate predictions. His latest update on Bitcoin comes at a time when the market is experiencing a significant bull run, with prices soaring to new heights.

    As Bitcoin continues to gain momentum and attract more mainstream attention, CZ’s insights and predictions are being closely watched by investors and enthusiasts alike. It remains to be seen how high BTC will go, but with CZ’s latest update, it seems that the cryptocurrency’s upward trajectory is far from over. Stay tuned for more updates on this developing story.

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    #ExBinance #CEO #Updates #Bitcoin #Statement #BTC #Tops

  • Solana, Litecoin, XRP gain $88B as Trump hints at Bitcoin strategic reserve


    • Cryptocurrencies aggregate market capitalization consolidated at $3.5 trillion on Thursday rising by $152 billion within the last 24 hours. 
    • Altcoin markets (TOTAL3) rose by 9%, with the likes of Solana, Litecoin and XRP all posting double-digit gains. 
    • The two major bullish catalysts were positive speculation on 2025 ETF approvals and Donald Trump hinting at Bitcoin strategic reserve adoption.   

    Bitcoin Market Updates: BTC edges closer to $101K as ETFs end four-day selling frenzy

    Bitcoin’s weak price rally attempt on Thursday halted at the $100,866 mark, as traders increasingly lean towards the altcoin markets. 

    Bitcoin ETFs Performance, January 15 2025 | Source: SosoValue

    After four consecutive days of outflows, Bitcoin ETFs finally recorded $755 million inflows on Wednesday, hinting at a potential accumulation race ahead of Trump’s inauguration.  

    Altcoin market updates: XRP, Solana, and LTC lead $88B altcoin market rally 

    While Bitcoin price stalled below $101,000 on Thursday, the altcoin markets were agog with intense speculative trading activity. 

    TOTAL3 (Cryptocurrency market cap excluding BTC and ETH) | Source: TradingView

    TradingView’s TOTAL3 represents the global cryptocurrency market cap growth, excluding Bitcoin and Ethereum. The chart above shows the altcoin market cap grew by $88 billion on Thursday, while BTC and ETH stagnated. 

    This emphasizes that the majority of crypto investors are currently switching focus toward altcoins, signaling high risk trading and speculative demand. 

    • XRP Surpasses $3, Reaching Seven-Year High

    XRP’s price surged past the $3 mark, reaching $3.36, a 16% increase over the past 24 hours. 

    This rally is attributed to declining U.S. core inflation, increasing expectations for Federal Reserve interest rate cuts, and anticipation of new spot exchange-traded funds (ETFs) that would directly own cryptocurrencies. Additionally, positive developments in the SEC’s legal case against Ripple have bolstered investor confidence.

    • Solana Targets $220 Amid Growing Interest

    Solana (SOL) has experienced a notable price increase, currently trading at $210.25, with an intraday high of $216.36. 

    • Litecoin Jumps 16% in 24 Hours

    Litecoin (LTC) price has surged past $130 for the first time in 2025, marking a 16% increase in the last 24 hours. This bullish breakout is linked to rising hopes that the Securities and Exchange Commission will approve a spot LTC ETF by Canary Capital. Bloomberg Senior ETF Analyst Eric Balchunas noted that the SEC had sent comments to Canary, suggesting a potential approval.

    Chart of the day: Layer-1 Sector Surge 2% as Trader anticipate Altcoin ETFs 

    As speculation grows around the approval of altcoin ETFs, the Layer-1 sector has seen a 2% aggregate market cap increase. This surge comes amid reports from Bloomberg analysts highlighting the potential approval of Canary Capital’s Litecoin (LTC) ETF.

    Notably Solana and XRP also have ongoing ETF application filings with US regulators. Investors are optimistic that these developments could open the floodgates for institutional adoption of other Layer-1 altcoins, sparking bullish sentiment across the market. 

    Layer-1 Sector Performance | Source: SosoValue

    Hedera (HBAR) led the sector’s growth with an impressive 22.65% daily increase to reach $0.38345. Based on recent reports HBAR rally is largely driven by growing institutional partnerships and scalable enterprise solutions. Cardano (ADA) climbed 4.60% to $1.095, showcasing resilience in the broader market rally. With a focus on scaling and decentralized governance, ADA continues to attract developer and retail interest.

     Avalanche (AVAX) gained 2.65%, trading at $40.26, as its Subnets framework draws institutional interest in blockchain scaling solutions.

    The approval of a Litecoin ETF could significantly impact the broader Layer-1 ecosystem, potentially creating a ripple effect for other tokens like Solana and XRP, which have also filed ETF applications. This domino effect could bring Layer-1 projects into mainstream financial products, further driving adoption and investment. As speculation builds, the Layer-1 sector remains at the forefront of market activity, with potential for more gains in the days ahead. 
    The potential approval of a Litecoin ETF represents a pivotal moment for the cryptocurrency market, with the possibility of creating a domino effect for other Layer-1 tokens. Solana, XRP, and other projects with active ETF filings could benefit significantly, as these products pave the way for greater accessibility and adoption in traditional financial markets. This optimism has fueled investor sentiment across the Layer-1 ecosystem, highlighting the growing anticipation for regulatory breakthroughs.

    Crypto News Updates:

    • Phantom Wallet Raises $150 Million in Series C, Hits $3 Billion Valuation

    Phantom Wallet has successfully raised $150 million in a Series C funding round, securing a $3 billion valuation.

    The round was led by Sequoia Capital and Paradigm, with participation from a16z and Variant.

    The funding highlights the increasing demand for digital wallets in the cryptocurrency space, with Phantom reporting 15 million monthly active users and $25 billion in self-custody assets under management.

    • Senator Lummis Questions US Marshals Over Potential Bitcoin Sale

    Wyoming Senator Cynthia Lummis has raised concerns with the US Marshals Service regarding the government’s potential sale of 69,370 Bitcoin seized from the Silk Road case.

    In a letter, Lummis questioned how the sale aligns with plans to establish a national Bitcoin reserve, particularly amid the ongoing presidential transition.

    The inquiry follows Judge Richard Seeborg’s recent decision to deny a petition aiming to block the forfeiture of the assets.

    Lummis emphasized that selling the Bitcoin may undermine strategic reserve policies, highlighting the importance of preserving these assets for national interests.

    • Oklahoma Introduces Bill to Use Bitcoin as Strategic Reserve Asset

    Oklahoma state Representative Cody Maynard has introduced the Strategic Bitcoin Reserve Act, a bill that proposes allowing state pension funds and savings accounts to invest in Bitcoin.

    The legislation positions Bitcoin as a hedge against inflation and a decentralized, non-governmental store of value, reflecting its growing role in institutional finance.

    The bill underscores Bitcoin’s potential to protect state financial assets and aligns with similar legislative efforts across other US states.

    This initiative aims to integrate Bitcoin into state-level financial strategies amid its increasing adoption in institutional and governmental contexts.
     



    In a surprising turn of events, Solana, Litecoin, and XRP have seen a combined increase of $88 billion in market value following recent comments made by former President Donald Trump about potentially creating a strategic reserve of Bitcoin.

    Trump’s remarks, made during a recent interview, have sparked renewed interest in the cryptocurrency market, with investors flocking to altcoins like Solana, Litecoin, and XRP in search of potential gains.

    Solana, known for its high-speed transactions and scalability, has seen a 20% increase in value, reaching an all-time high. Litecoin, often referred to as the “silver to Bitcoin’s gold,” has also experienced a significant price surge, gaining 15% in the past 24 hours. XRP, the digital asset used in Ripple’s payment protocol, has seen a 10% increase in value.

    While the idea of a Bitcoin strategic reserve is still in its early stages, the potential implications for the cryptocurrency market are significant. As more mainstream figures like Trump express interest in Bitcoin and other digital assets, we can expect to see continued growth and adoption in the coming months.

    Overall, the recent surge in value for Solana, Litecoin, and XRP is a clear indication of the growing interest and investment in the cryptocurrency market. With major players like Trump now entering the space, the future looks bright for digital assets.

    Tags:

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    2. Litecoin price surge
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    4. Trump Bitcoin reserve news
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    7. Litecoin value increase
    8. XRP market growth
    9. Trump crypto strategy
    10. Bitcoin reserve implications.

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