Author: Umar Hashmi
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Bitcoin analysts predict a rally to $120,000 during the first month of 2025, with nearly $45 billion worth of stablecoin reserves awaiting deployment on Binance. The Bitcoin price may be setting up for a breakout to $120,000, bolstered by a new all-time high of stablecoin reserves on cryptocurrency exchange Binance. Bitcoin BTC$94,587 may be poised for a rally following its 10% correction from the $108,300 all-time high recorded on Dec. 17, Cointelegraph Markets Pro data shows. BTC/USD, 1-month chart. Source: Cointelegraph Driven by United States President-elect Donald Trumpâs upcoming inauguration on Jan. 20, BTC may peak above $120,000 during January, according to Ryan Lee,…
BTC dumped below $92,000 for the first time since the end of November. The bull market in the cryptocurrency market is in serious jeopardy as BTCâs price has slumped by over $16,000 since its all-time high registered on December 17. Interestingly, there has been an ongoing negative trend following the latest acquisition streak related to MicroStrategy, as the firm continues to announce new purchases every Monday. BTC Dumps to Monthly Lows It was less than two weeks ago when the landscape around the primary cryptocurrency seemed highly bullish. It kept charting consecutive all-time highs, with the latest coming on December 17 at…
After a whirlwind year in 2024, crypto market participants are setting their sights on 2025, wondering what the new year may hold for the asset class. Amid the questions and the speculation, leading asset manager Franklin Templeton has offered three themes for investors to watch in the new year. Franklin Templetonâs 2025 Crypto Outlook $1.68 trillion asset manager Franklin Templeton has offered its crypto outlook for 2025. In the outlook shared on Monday, December 30, the firm identified three themes for investors to watch. These themes include regulations, institutional adoption, and AI-crypto convergence. Regulatory Clarity Coming Franklin Templeton tipped 2025 to usher…
Analyst Vincent Van Code warns XRP enthusiasts against expecting a major December 31 price pump, advising a break during the holiday season. As the year draws to a close, the XRP community is rife with speculation about potential price movements. Many XRP enthusiasts are anticipating a major event today that could trigger a significant price âpumpâ for the digital asset. However, Vincent Van Code, a software engineer and voice in the community, has cautioned against putting too much faith in these predictions. Low Probability of a Major Event In a tweet shared with his followers, Van Code expressed skepticism about the chances of a âbigâ…