Bitcoin Weekly Forecast: Slow but positive start
Bitcoin (BTC) edges slightly lower, trading around $96,500 on Friday after an over 2.5% recovery this week, with historical data showing modest average January returns of 3.35%. On-chain metrics suggest the bull market remains intact, indicating a cooling-off phase rather than a cycle peak.
Binance secures license in Brazil, expands services under new regulations
Binance secures its 21st global license in Brazil, acquiring Sim;paul to expand services while complying with the country's evolving crypto regulations.
Binance has secured its 21st global regulatory license after receiving approval from the Central Bank of Brazil. This milestone follows Binance's acquisition of Sim;paul, a licensed broker-dealer, strengthening its foothold in one of Latin America's largest economies. The license allows Binance to offer enhanced services while complying with Brazil's evolving financial regulations.
The crypto hesitates to grow without stocks
The crypto market is trying to start 2025 with growth, adding 4% since the beginning of the year. Like in late December, the market is stalling on reaching a capitalisation of $3.41 trillion. This time, the positive mood of cryptocurrency enthusiasts was undermined by a sharp downward reversal in the US and Chinese stock markets.
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Bitcoin Weekly Forecast: Slow but positive start
Bitcoin edges slightly lower, trading around $96,500 on Friday after an over 2.5% recovery this week, with historical data showing modest average January returns of 3.35%. On-chain metrics suggest the bull market remains intact, indicating a cooling-off phase rather than a cycle peak.
Stellar bulls aim for double-digit rally ahead
Stellar extends its gains, trading above $0.45 on Friday after rallying more than 32% this week. On-chain data indicates further rally as XLM’s Open Interest and Total Value Locked rise. Additionally, the technical outlook suggests a rally continuation projection of further 40% gains.
BTC, ETH and XRP eyes for a rally
Bitcoin’s price finds support around its key level, while Ethereum’s price is approaching its key resistance level; a firm close above it would signal a bullish trend. Ripple price trades within a symmetrical triangle on Friday, a breakout from which could signal a rally ahead.
Could XRP surge to new highs in January 2025? First two days of trading suggest an upside bias
Ripple's XRP is up 7% on Thursday, extending its rally that began during the New Year's Day celebration. If long-term holders (LTH) continue their recent accumulation, XRP could overcome the $2.9 resistance level and aim for a new all-time high.
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy
Bitcoin price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.
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