🚨 Web3 Insider: The Hottest Crypto & Blockchain News of the Day

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CoinGape Media
January 16, 2025

News

🌐 Bitcoin ETF Inflows Resume On Core CPI Drop, BTC To Hit New ATH?

Spot Bitcoin ETF registered net positive inflows on Wednesday following the drop of core CPI signaling cooling inflation, thereby triggering a rally in global equity and crypto markets. Yesterday, BTC ETFs registered net inflows of $755 million with Fidelity’s FBTC leading the charge with $463 million in inflows. Following the 100-point surge in the S&P 500, the BTC price also made a move past $100K level.

Binance has officially filed a joint notice of supplemental authority in district court, citing the recent discoveries from the US SEC v. Coinbase case. Crypto exchange Coinbase secured partial victory in the lawsuit from the 3rd Circuit Court of Appeals. Meanwhile, BNB price continues to grow with the most recent surge coming over the past 24 hours. Also, traders anticipated whether this development would trigger a rally to $1000.

Donald Trump is open to having more cryptocurrencies such as XRP, Solana, and USDC as part of his America-first strategic reserves. This development comes as the Trump transition team has already been mulling the idea of building a strategic Bitcoin reserve. With Trump set to take charge on January 20, everyone is keen as to what will the first set of crypto executive orders hold in store for the crypto industry.

Markets

The crypto prices saw strong bullish momentum today, with Bitcoin surpassing $100K again. VIRTUAL surged by 30%, and FARTCOIN jumped 20%, leading the top gainers. The global crypto market rose by 3.7%, reaching a milestone of $3.5 trillion. Trading volume surged by 25%, hitting $158 billion. This positive sentiment is expected to continue as investors anticipate key economic data in the coming days, indicating ongoing growth across major cryptocurrencies.

Bitcoin (BTC) price hit $100,000 again after rallying 13% since January 13. This impressive uptrend is at an impasse, where it could stop and reverse. Due to the high chances of reversal, BTC could provide an opportunity to accumulate if it stabilizes around key support levels. A bounce here could kickstart the next leg of the bull run. Will the uptrend begin or push Bitcoin to slip into sideways movement again?

As the cryptocurrency market shows signs of bullishness today, JAVONMARKS (@JavonTM1) has highlighted several coins he believes could deliver substantial returns, potentially over 200%, in 2025. Amidst a broader market anticipation for an altcoin surge, as echoed by @CryptooELITES who predict altcoins could skyrocket 50X soon, here’s a closer look at the cryptos JAVONMARKS has his eye on.

The year 2024 was transformative for the Web3 ecosystem, witnessing rapid advancements, significant market shifts, and evolving regulatory landscapes. This analysis highlights the key crypto trends that have defined the year, supported by relevant data and insights, providing early to medium-scale crypto investors with a comprehensive understanding of what has transpired in the Web3 space.