News

🏛 Ripple & Kraken Contribute $6M To Donald Trump Inauguration

Cryptocurrency companies Ripple and Kraken have collectively pledged $6 million to support President-elect Donald Trump’s inauguration. Ripple is contributing $5 million in its native XRP token, while Kraken has donated $1 million to the Trump-Vance inaugural committee managing the celebrations.

🇺🇸 MicroStrategy Debt Safe Unless Bitcoin Collapses for Seven Years: Scaramucci

Concerns surrounding MicroStrategy’s Bitcoin strategy and debt obligations have been labeled as exaggerated by Anthony Scaramucci, founder of SkyBridge Capital.

Speaking in an interview, Scaramucci dismissed the fears of a financial collapse tied to MicroStrategy’s substantial Bitcoin holdings and debt structure, explaining that only a prolonged and systemic Bitcoin crash spanning several years would destabilize the company.

⚠️ BlackRock Bitcoin ETF Records Largest Outflow Since Launch

The US Spot Bitcoin ETF has ended its 16-day inflow streak this week, as the crypto market recorded a massive pullback. Amid this, BlackRock Bitcoin ETF (IBIT) recorded its highest outflow since launch, sparking concerns among investors. Simultaneously, Fidelity’s FBTC also witnessed the largest decline earlier this week, which reflected the waning risk-bet appetite of the investors.

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Markets

📊 Cryptocurrency Prices Today: Bitcoin Crosses $98K, HYPE Jumps 35%, VIRTUAL Rises 26%

Cryptocurrency prices today are on an upswing, with Bitcoin (BTC) climbing back above $98K after dipping to $92K. Leading altcoins like Ethereum (ETH) and XRP have also posted gains, signaling renewed optimism in the market

Hyperliquid (HYPE) and Virtual Protocol (VIRTUAL) emerged as top gainers. Hyperliquid’s price surge follows Bitget’s announcement of listing its token on their exchange, while Virtual Protocol’s increase is attributed to the launch of their GAME SDK.

The global crypto market has also risen, reaching $3.38 trillion, up by approximately 0.5% in the last 24 hours. Trading volume surged by 10%, hitting $301 billion, showcasing increased activity in the market.

⚠️ Expert Warns of Two More Crashes Before Bitcoin Price Peaks at $225K

According to Adrian Zduńczyk, a certified market analyst, Bitcoin price could experience two more 20% to 30% crashes before it hits an ATH of $225,000. The recent crash caused massive liquidations, but the long-term outlook remains bullish. Let’s explore what comes next for BTC, a fast-paced recovery rally, consolidation, or a continuation of the crash.

🚀 Ethereum Price Last Crash Before ETH Hits Five Digits

An expert claims that the recent Ethereum price crash was the last one and that the next phase includes an exponential bull rally that propels ETH to five digits. Amid the recent drop, whales seem to have accumulated Ether at a discount. Their buy-the-dip activity adds credence to a potential recovery rally.