Market picture

The crypto market is not yet showing sustained growth. The positive momentum seen on Tuesday morning was replaced by selling pressure. The cryptocurrency market quickly recovered to the $3.50 trillion level, where it consolidated after reaching the $3.6 trillion mark late last week.

Bitcoin gained 2% on Wednesday, trading around the $102.5K mark. It should be noted that the previous four daily candles closed with declines, undermining investor confidence. Nevertheless, bitcoin remains above its 50-day moving average, and the current lull can be attributed to risk aversion ahead of the Fed meeting.

Ethereum bounced off the $3,000 level on Wednesday morning, near the 200-day moving average and 61.8% retracement level of the November rally. Ethereum may serve as the canary in the coal mine: a significant drop below the $3,000 mark could trigger a widespread sell-off in crypto assets.

News background

Experts at Standard Chartered see bitcoin's fall caused by DeepSeek as a buying opportunity ahead of potential market stabilisation. The key role in the dynamics will be played by the Fed meeting and reports of high-tech companies on 30 January.

Over the past week, MicroStrategy sold shares and additionally bought 10,107 BTC for about $1.1 billion at an average price of about $105,596. The company's balance sheet shows 471,107 BTC purchased for $30.4 billion at an average price of $64,511 per coin.

Jim Cramer, former hedge fund manager at Cramer & Co and host of the Mad Money show, said he'd rather invest in bitcoin than MicroStrategy stock. MicroStrategy accounts for 76% of public company bitcoin reserves and 2.24% of its overall supply.

Tuttle Capital Management has filed a proposal with the SEC to register ten crypto-ETFs with leverage of 2x, including meme-based products TRUMP and MELANIA. Other ETFs will be based on XRP, Solana, Litecoin, Bonk, BNP, Cardano, Chainlink and Polkadot.

French law enforcement authorities have launched a judicial investigation into the largest crypto exchange Binance, accusing the platform of money laundering and drug trafficking.


Trade Responsibly. CFDs and Spread Betting are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.37% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider. The Analysts' opinions are for informational purposes only and should not be considered as a recommendation or trading advice.

Recommended content


Recommended Content

Editors’ Picks

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC consolidates while ETH and XRP show some strength

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC consolidates while ETH and XRP show some strength

Bitcoin (BTC) consolidated between $94,000 and $100,000 in the last nine days. Ethereum (ETH) and Ripple (XRP) prices stood relatively stronger and have gained nearly 3% and 7%, respectively, this week.

More Cryptocurrencies News
Trump's US reciprocal tariffs pause fails to improve Bitcoin and crypto market outlook

Trump's US reciprocal tariffs pause fails to improve Bitcoin and crypto market outlook

Bitcoin (BTC) and top cryptos halted their declines following a pause in President Donald Trump's reciprocal tariff plans, which were originally scheduled to go live on Thursday.

More Cryptocurrencies News
Ripple vs SEC battle nears end as the regulator acknowledges Grayscale XRP ETF filing

Ripple vs SEC battle nears end as the regulator acknowledges Grayscale XRP ETF filing

Ripple's XRP is up 4% in the early hours of Friday following the Securities and Exchange Commission (SEC) acknowledgment of Grayscale's 19b-4 filing to convert its XRP Trust to an ETF.

More Ripple News
200,000 New Investors Buy Ripple (XRP) 30-Days After Gensler’s Farewell: What Next for Stellar (XLM)?

200,000 New Investors Buy Ripple (XRP) 30-Days After Gensler’s Farewell: What Next for Stellar (XLM)?

Ripple (XRP) price consolidated around $2.40 on Thursday, up 11% since Monday, technical indicators suggest Stellar (XLM) has joined the rally.

More Ripple News
Bitcoin: BTC consolidates before a big move

Bitcoin: BTC consolidates before a big move

Bitcoin's (BTC) price has been consolidating between $94,000 and $100,000 for the last ten days, and, when writing on Friday, it hovers around $97,000. Despite this consolidation, US Bitcoin spot Exchange Traded Funds (ETFs) data recorded a total net outflow of $650.80 million until Thursday, hinting signs of weakness among institutional investors.

Read full analysis
The Best Brokers of the Year

The Best Brokers of the Year

SPONSORED Explore top-quality choices worldwide and locally. Compare key features like spreads, leverage, and platforms. Find the right broker for your needs, whether trading CFDs, Forex pairs like EUR/USD, or commodities like Gold.

Read More

BTC

ETH

XRP