Whales boost XRP exposure by 1.2% as Fed decision and US-China talks loom

Whale addresses now hold 9.44% of XRP supply, up from 8.24% in January. FedWatch Tool shows expectations for interest rates to remain at 4.25%-4.5%. RSI below 50 signals bearish momentum and possible downside pressure. Ripple’s XRP token is holding steady at $2.14 despite a significant slowdown in trading volume and increasing caution across the wider […]

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Cup-And-Handle Pattern Signals Altseason Ready For Launch Analyst

Prominent crypto analyst Gert Van Lagen has shared a positive market prediction hinting that the altseason may soon begin. Based on a fully formed bullish pattern, the Dutch market expert postulates that altcoins are on the edge of a market breakout. Related Reading: Ethereum Ready For Price Rally As STH Numbers Set To Cross 4 Million Heres Why Altcoin Market Tipped To $5.4 Trillion Valuation In Altseason  The cup-and-handle is a classic bullish continuation pattern in technical analysis. It usually signifies an asset’s potential to continue rising after a period of consolidation. According to Van Lagen, the cup-and-handle pattern has appeared on the altcoin market bi-weekly chart. It consists of a U-shaped price movement (cup), which represents a period of gradual decline and recovery as seen between 2022 to mid 2024.   Van Lagen explains that investors typically accumulate assets during this period, perhaps due to an extended downside market prior to a rebound. This cup movement is followed by the handle, which often resembles a small descending channel as seen in 2025. The handle usually represents a breakout and retest zone, paving the way for the altseason. For the altseason to occur, the altcoin market cap must convincingly break above the neckline of the cup-and-handle pattern, which is currently at $813.18 billion. If this breakout occurs, inducing an altseason, Van Lagen analysis shows that total altcoin valuation could rise to around $5.4 trillion before 2026, indicating a potential 564% market growth. Related Reading: $380M In Ethereum Leaves Exchanges In 7 Days Accumulation Trend Accelerates Why The Altseason Is Sure To Happen In other news, analysts continue to debate the feasibility of an altseason for the current bull cycle.  Crypto analyst and Web3 growth manager Cas Abbé joined this discussion, highlighting three reasons the altseason is certain to come to pass. Notably, Cas Abbé acknowledges the altseason has been delayed, citing a lack of sufficient liquidity due to a large amount of token unlocks and the ripple effects of the memecoins craze driven by Pumpfun.  However, the analyst remains confident in the prospects of an altseason due to multiple reasons, one of which is the potential for multiple altcoin ETF approvals.  Cas Abbé explains that the US Securities and Exchange Commission is likely to issue the green light for several altcoin ETFs in Q3/Q4 of 2025, which holds the final deadline for most of these ETFs. Following these approvals, the analyst predicts a rise in institutional investments, which could produce a rallying effect similar seen with the Bitcoin ETFs in 2024.  Furthermore, Abbé states the Fed is likely to begin rate cuts in June as well as terminate all quantitative tightening measures. Both moves are expected to be followed by a liquidity injection, untimely creating a risk-on environment in financial markets that will support the growth of altcoins. Finally, the Web3 growth manager expects regulatory clarity by Q3/Q4 2025, which will allow banks to comfortably engage the crypto market, leading to massive liquidity.  At press time, the total crypto market remains valued at $2.94 trillion, with altcoins accounting for 36.1% of all investments.  Featured image from iStock, chart from Tradingview

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Ethereum Pain Is Far From Over: Why A Massive Drop To $1,400 Could Rock The Underperformer

Crypto analyst Klejdi has indicated that Ethereums pain is far from over, with the second-largest crypto by market cap set to suffer a further downtrend. Specifically, he warned that ETH could still drop to as low as $1,400 before it finds a bottom.  Ethereum May Still Drop To As Low As $1,400 In a TradingView post, Kledji stated that Ethereum may drop to $1,400, providing a bearish outlook for the altcoin, which has underperformed other top cryptocurrencies. The analyst noted that ETH lost nearly 12% of its value within just three days after breaking out of its recent pattern last Friday.   Related Reading: Crypto Pundit Says Bears Will Continue To Dominate Ethereum Price, Heres For How Long He further mentioned that Ethereums movement and the rest of the crypto market are closely tied to Bitcoin. As such, this ETH crash is likely to happen, seeing as the flagship crypto has dropped to $81,300 and is already showing signs of further decline.  Klejdi highlighted in his accompanying chart that ETH will likely consolidate near its current level before continuing to move lower. However, the chart showed that the move to this $1,400 target will likely happen this month.  In the meantime, the analyst believes it would be wise to wait for Ethereums price to form another bearish pattern before entering a trade. He again reaffirmed that there is a strong possibility that ETH may extend its drop to $1,400.  Ethereum whales are already capitulating ahead of this projected price crash. Onchain analytics platform Lookonchain revealed an ETH OG that has sold off all its holdings. This investor bought 5,0001 ETH while trading at $277 in 2017 and didnt sell when the altcoin hit its ATH during the last bull run. The whale started selling last month, possibly giving up on Ethereum making a comeback anytime soon.  ETH Will Still Reach New Highs Crypto analyst Virtual Bacon is still confident that Ethereum will reach new highs. He noted that ETH is back at its key bear market breakout zone, retesting the $1,700 and $2,100 range. He predicts that the altcoin will continue to chop around this range in the short term. However, he remarked that Ethereum tends to catch up fast once the US Federal Reserve pivots and global liquidity turns.  Related Reading: Ethereum Price Forms Megaphone Bottom Not Seen Since 2020, Heres What Happened Last Time Crypto analyst Crypto Patel affirmed that Ethereums biggest run is coming. He stated that Q2 to Q4 of this year will be life-changing for ETH. The analyst added that this could be the cycle top window and advised market participants not to miss it. Crypto Patel advised that they should accumulate between $1,900 and $1,300 with the target of between $7,000 and $10,000 in mind.  At the time of writing, the Ethereum price is trading at around $1,850, up in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

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Cato Institute Experts: Dollarization ‘Protects Ordinary People’s Purchasing Power’

According to Cato Institute experts, full dollarization of the Argentine economy helps to protect “ordinary people’s purchasing power” from corrupt politicians and “often subservient—or simply incompetent—central bankers.” The experts said the loss of seigniorage should be seen as “an infinitesimal price to pay for the advantages of dollarization.” Fighting Inflation With Dollarization Argentina should consider [...]

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Bitcoin correlation with gold drops, highlighting risk-on nature remains

Key Takeaways Bitcoin’s correlation with gold is currently at its lowest level since FTX collapsed in November Our Head of Research writes that while one day Bitcoin may become a store of value, the numbers say it currently trades like an extreme risk-on asset Bitcoin lost 76% of its value amid the pullback in risk […]

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European Central Bank Follows US Fed’s Footsteps With 25 BPS Hike

On Thursday, the Governing Council of the European Central Bank (ECB) announced that it was raising “three key ECB interest rates” by 25 basis points (BPS) in a move similar to the one taken by the United States Federal Reserve.  The US Federal Reserve, on Wednesday, increased its fund rates by an additional 25 BPS, its highest interest rate in 22 years. European Central Bank In The Fight Against Inflation The European Central Bank, in its statement, admitted that although inflation continues to decline, it is “still expected to remain too high for too long.” In a bid to fight inflation and return it to its 2% medium-term target in a timely manner, the governing council has continued to hike the interest rates for some time now, and this has further raised concerns for investors in the financial market as to whether or not there will be hikes before year ends.  Related Reading: Lacoste Unveils Exclusive Ethereum-Based Virtual Store For NFT Holders For context, the ECB has raised rates by 4.00% since last year July, accounting for the fastest-tightening cycle in its history. It is projected that this rapid increase in rates could negatively affect the expansion of loans in the European region and economic activity also.  A quarterly poll released by the ECB on July 25 revealed that the companies’ demand for loans plunged to its lowest in the second quarter of this year. The eurozone has less developed and liquid capital markets than the United States, so there is an overreliance on banks in financing the economy.  And now, according to ECB Chief Economist Philip Lane, the tighter monetary policy is massively impacting bank loans. So such policies will undoubtedly cause a liquidity squeeze.  Bitcoin’s Role Although inflation continues to decline, it is evident that the ECB and US Federal Reserve aren’t getting the desired results as to the target to which they want to bring inflation down to. As such, these financial bodies may continue increasing the rates to as high as possible despite the dramatic economic slowdown.  Investors are aware of this position and are looking toward Bitcoin and other cryptocurrencies for succor. For a long time now, Bitcoin has been tagged as a ‘hedge against inflation,’ and it seems that many are realizing that this is more than a tag as Bitcoin has remained stable despite the growing rates, which many would have expected would send Bitcoin and the crypto market spiraling down.  Related Reading: Short-Lived Hype: Worldcoin (WLD) Signups Dwindle Less Than A Week After Launch Unlike the United States, European investors are lucky to have more regulatory certainty in the region. The Markets in Crypto Assets (MiCA) regulation offers a sense of direction to stakeholders in the European crypto industry. This will help businesses and investors navigate their way when operating and dealing with crypto assets.  BTC price sitting at $29,300 | Source: BTCUSD on Tradingview.com Featured image from PYMNTS, chart from Tradingview.com

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Analysts predict end of the hiking cycle as Chancer token sale continues

The Federal Reserve delivered another interest rate hike on Wednesday. Chancer token sale continued this week as it raised over $1 million. Cryptocurrency prices reacted mildly to the latest interest rate decision by the Fed. Bitcoin remained stuck slightly below the important level at $30,000 even as the Dow Jones continued its remarkable comeback. The […]

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US Fed denies Custodia Bank membership over crypto concerns

The US Federal Reserve has denied Custodia Bank's membership application due to concerns over its involvement in the crypto industry. The Fed cited heightened illicit finance and safety and soundness risks, as well as a lack of a sufficient risk-management framework for its proposed cryptoasset-related activities. The bank is also prohibited from running crypto-related services if accepted as a member. (Read More)

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FOMC Minutes Reveal Surprising Insights and Uncertainty Over Rate Increases

In a recent release of the Federal Open Market Committee (FOMC) minutes, some startling revelations have emerged, shedding light on

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Fed Chair Powell: ‘we do see payment stablecoins as a form of money’

Powell testified before the House Financial Services Committee today. He discussed a range of topics around digital assets on Wednesday. Bitcoin surpassed the $30,000 level today for the first in two months. Cryptocurrencies seem to have some “staying power” as an asset class, says Jerome Powell – Chair of the U.S. Federal Reserve. Fed should […]

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Coinbase Stock Surged Over 24% Following Fed Interest Rate Hike

Today the U.S based cryptocurrency exchange Coinbase (COIN) shares soared by more than 24%, despite the Federal Reserve’s most recent

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SBF’s Lawyer Pleaded U.S Judge Not to Restrict Contacts

Following Federal Prosecutors asked U.S. district judge Lewis Kaplan to modify the terms of the Sam Bankman-Fried bond agreement. SBF’s

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ApeCoin: Will January See The End of APE’s Recovery?

ApeCoin (APE) has been on the road to recovery since the last two months. According to CoinGecko, the token gained over 13% in the past month, ending the year on the spot with other gainers. But the token has depreciated by almost 5% in the past 24 hours, and trading at $3.96. This might set a precedent to what can happen in the next few weeks.  Related Reading: Cronos (CRO) Up 4% In Last Week Amid Recession Fears NFTs, Macros And What It Means For ApeCoin Recent events in the NFT space might have an effect on the already dwindling interest in nonfungible tokens. First, Nikhail Gopalani, COO of RTFKT, got his NFT collection phished from him. According to publicly available information, the total stolen was $173,000.  The next hack happened on January 4, when CryptoNovo lost over $618,000 worth of NFTs. This along with dwindling interest in NFTs will certainly have an effect on APE’s price. But with the token being part of the Bored Ape Yacht Club ecosystem, the effect might be dampened.  Lately, however, the token has been highly correlated with Ethereum which would determine where ApeCoin will go. Although ETH has appreciated in the past few days leading up to the Federal Open Market Committee (FOMC) Meeting Minutes, the U.S. Federal Reserve’s continued hawkish stance would make the broader financial system slip and tumble as fears of an oncoming recession grows. Any negative market movement would lead to pain in the crypto market, dragging ApeCoin down. This would also lead to capital flight, meaning that cash would exit the cryptocurrency market and enter safe-haven assets like gold or government bonds. Crypto total market cap at $775 billion on the daily chart | Chart: TradingView.com Bears And Bulls In Constant Tussle As the days go by, APE investors and traders should be able to breach the $4.19 resistance as a break through this level would give the bulls momentum for higher highs. However, with major headwinds and fear, uncertainty and doubt blocking the path of APE, this resistance might prove difficult to break.  Related Reading: BONK Goes Bonkers With Over 200% Increase In Last 24 Hours – Will This Save Solana? Image: Binance Academy Short-term, APE holders might see gains as the bulls remain on the market. But with that said, investors and traders should watch the release of the Consumer Price Index (CPI) data next week. This indicator would provide a clear picture on whether the U.S. central bank would increase interest rates further.  Any increase in interest rate would lead to the stocks and other riskier assets to drop, pushing APE towards the $3.422 support range.  Image: CoinCodex Investors and traders should be monitoring the release of the CPI data and how the broader financial market reacts to it. Any major long or short decisions should be made after these indicators are observed.  Meanwhile, the current ApeCoin price prediction made by CoinCodex suggests that the value of ApeCoin will increase by 7.90% and reach $4.28 by January 11 of this year. -Featured image: New Scientist

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Bitcoin price retreated: pattern points to a comeback

Bitcoin price has retreated after the Fed decision. The Fed decided to hike rates by 50 basis points. The inverted head & shoulders pattern points to more upside. Bitcoin price pulled back on Thursday as the market reflected on the latest interest rate decision by the Federal Reserve. After soaring to $18,378 on Wednesday, Bitcoin

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Banks need to manage heightened risks from crypto firm deposits, says Fed’s Barr

Michael Barr, the Federal Reserve’s vice chair of supervision, says banks that accept deposits…

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ApeCoin Climbs 4.3% In Last 7 Days – Where’s APE Getting All That Energy?

ApeCoin (APE), the Bored Ape Yacht Club token, has been rallying over the past week with gains registering at a peak of 4.3% and trading at the $5.12 level. APE shows energy, rallies 4.3% in the past seven days Coin impacted by general crypto slump US inflation also weighing down on crypto price APE is a busy bee and apparently, the recent uptick enjoyed by APE is said to have been ushered by current projects or developments in the network. The Ape Foundation has recently rolled out a couple of recommendations in line with the Decentralized Autonomous Structure (DAO) election procedure. In the event that these proposals are approved, there would be a rolling election instead with an election of council members every three months. Related Reading: NEAR Bulls Charge Their Way Past $4.7 Amid Lack Of Spike In Volume ApeCoin Recent Developments Contributed To Its Surge With the rest of the other altcoins having a hard time breaking through, quite the opposite is happening for ApeCoin. APE price has surged and looking bullish. However, the plunge in the value of crypto is dubbed to be of the reasons why APE isn’t gaining traction. ApeCoin has recently posted on Twitter stating that this provides an increasingly stable ecosystem to haul in new members and so far, ensures the consistency of the DAO to manage and transfer knowledge and expertise to the community. Community members have been recommending broader representation from individuals who do not have existing affiliations with crypto-backed organizations to avoid any conflict of interests. Currently, the Ape Foundation is composed of Amy Wu (FTX Ventures), Yat Siu (Animoca Brands), Alexis Ohanian (Reddit), Maaria Bajwa (Sound Ventures), and Dean Steinback (Horizon Labs). Crypto Market Experiencing Downtrend According to CoinMarketCap, ApeCoin’s price had nosedived by 4.05% or trading at $4.73 as of this writing. The crypto market has been experiencing a downtrend recently with the total market cap sliding to below $1 trillion as observed in the past 24 hours. Evidently, the king of crypto, Bitcoin, failed to climb or show any improvement as it trades at roughly $20,000 yesterday. U.S. inflation seems to be severely impacting crypto prices. So, it is indeed the crypto market’s overall dilemma that prevents ApeCoin from moving further up north. Another factor that is preventing the gains of ApeCoin is the current dollar strength. The U.S. dollar is on an upward trend since Thursday as it shoots through previous highs in line with the U.S. Federal Reserve trying to tame inflation. Related Reading: Why Celsius Investors Don’t Seem Upbeat Despite CEL Rallying 30% Their efforts are seen to work with the U.S. dollar remaining stable at 109.84. More so, the risk-off market sentiment has also helped the U.S. dollar, increasing the demand for fiat currencies such as the U.S. dollar. Judging by the technical side, APE seems to have gained support at the $4.95 zone and a breach below this mark could allow the coin to capsize further until it touches the support zone of $4.35.  On the other hand, the daily timeframe revealing an upward trendline is beneficial to altcoins. On the flip side, a breach at the $4.35 level could trigger a downtrend for the APE/USD pair to funnel down to as low as $3.12. APE total market cap at $1.46 billion on the daily chart | Source: TradingView.com Featured image from The VR Soldier, chart from TradingView.com

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Crypto are a ‘speculative asset’, Fed Chair Powell says

Cryptocurrencies are also not a “great store of value,” Powell said at Cato Institute…

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Ethereum falls 9% as risk-on assets tumble on Fed Chair remarks

Ethereum (ETH) price fell alongside other cryptocurrencies and equities following hawkish remarks by the…

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Bitcoin price drops below $21k as markets react to Powell’s inflation remarks

Bitcoin price fell sharply on Friday to break below $21,000 following remarks by Jerome…

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Fed tells banks to pay attention to legal aspects before jumping into crypto

The Federal Reserve Board wants to see banks take time to understand the cryptocurrency…

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