Category: Cryptocurrency News

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The crypto community is split after a father launched his own token ZERO, mere days after raising millions via memecoins for research into craniopharyngioma – an incurable brain tumor that currently afflicts his daughter Mira. Mira’s Dad Faces Scathing Criticism For Launching ZERO Token Just a few days ago, Siqi Chen, co-founder of finance platform […]

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The Bitcoin (BTC) market is currently experiencing significant shifts in supply dynamics, with notable activity between long-term holders (LTHs) and short-term holders (STHs). According to the latest analysis from CryptoQuant, historically, such transitions have often indicated local market tops or even cycle peaks, depending on the overall market environment and broader economic conditions. Presently, demand from short-term holders continues to play a critical role in supporting Bitcoin’s price stability amid ongoing market volatility. Related Reading: Bitcoin Remains Below $100,000: Is the Bull Market Over or Just Taking a Breather? Long-Term Holders Vs. Short-Term Buyers The analysis made by the CryptoQuant analyst Darkfost revealed that the short-term holders, particularly those who acquired Bitcoin in recent months, are actively influencing market sentiment. By analyzing the realized price data of various short-term acquisition periods, distinct support and resistance levels become apparent. These realized price levels include $41,000 for the general average realized price, $85,000 for short-term holders overall, $99,000 for holders within one week to one month, $81,000 for one to three months, and $60,000 for three to six months. These figures reflect key psychological and technical price points where market participants may make significant buy or sell decisions, according to Darkfost. The analyst revealed that the Short-Term Holder Spent Output Profit Ratio (STH SOPR) currently remains neutral at 1 after declining from Bitcoin’s last rally, which pushed its price to an all-time high of $108,000. The STH SOPR serves as a key metric to evaluate short-term holders’ profit-taking behavior. A neutral SOPR indicates that recent selling activity from short-term holders has not been significantly profitable, reducing the incentive for widespread sell-offs at current price levels. However, this neutral stance suggests potential headwinds for an immediate bullish recovery. The decline in STH SOPR points to diminishing realized profits, which could slow down upward momentum in the short term. Despite these challenges, short-term holders’ demand has managed to absorb much of the selling pressure from long-term holders, preventing sharp price declines. Darkfost wrote: In conclusion, the selling pressure from LTHs has so far been fairly well absorbed by the buying pressure from STHs. However, we note that the STH SOPR is declining, which could hinder an immediate bullish recovery. In the short term, a period of consolidation or even a deeper correction might occur. Bitcoin Market Performance And Outlook Meanwhile, Bitcoin is currently trading at a price of $97,357 after recording a slight increase of 1.1% in the past day. Related Reading: Bitcoin Price Moves From 56 To 60-Day Cycle After Crash Below $100,000, What To Expect Next While this uptick has helped BTC regain positive momentum in recent weeks, it remains insufficient to propel the cryptocurrency back to the six-digit price mark or its all-time high above $108,000. Featured image created with DALL-E, Chart from TradingView

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As the market enters 2025, XRP, the cryptocurrency that has garnered global investor interest in recent months, has begun the year exceptionally well. The asset has experienced an impressive 11% surge, propelling its value to approximately $2.42, a level it had not seen since late 2024’s price correction.  Analysts Predict XRP Could Reach $5.85 As Market Confidence Grows This resurgence has positioned XRP as the third-largest cryptocurrency in the market, with a market capitalization of around $139 billion, according to CoinGecko data. Notably, it has surpassed the market cap of Tether (USDT), which stands at $137 billion. The recent rally in XRP’s price can be attributed in part to a broader shift in market sentiment following the election of President Donald Trump on November 5.  Trump’s victory has sparked renewed confidence in the digital asset industry, leading to increased optimism among investors. This sentiment shift seems to have catalyzed a wave of buying activity within the crypto market, benefiting not only XRP but also other digital assets. Related Reading: Prepare For A Solana Sell-Off: How Grayscale’s 2025 Unlocks Could Shake The Market Crypto analysts have taken notice of this trend. DarkDefender, a prominent figure in the crypto analysis community, observed that XRP’s price trajectory has been impressive.  After hovering around $2.11, XRP broke through its initial resistance at $2.22 and reached as high as $2.44. DarkDefender highlighted $2.42 as a critical resistance level that has now been updated as a new support level.  According to his analysis, if XRP can breach the $2.67 to $2.72 range, it could pave the way for a significant upward movement, targeting as high as $5.85.  This potential rise would represent an extraordinary 141% increase from its current price, marking a new all-time high for the token. Elliott Wave Theory Points To Potential $10 Target  Adding to the optimism, another analyst, known as CryptoinsightUK, has weighed in on XRP’s potential trajectory suggesting that if XRP follows a measured move similar to its previous price leg, it could “easily surpass $10.”  Drawing from Elliott Wave Theory, which posits that market trends move in waves, he argues that if XRP enters a “wave 3” scenario—often the most substantial in terms of price movement—the asset could exceed $10. CryptoinsightUK notes that many investors are targeting the $8 mark, a figure he considers reasonable based on various metrics. By analyzing the price movements and potential gains, the analyst suggests that the future of the altcoin looks bright, with many indicators pointing towards substantial growth. Related Reading: Cardano (ADA) Rallies Above 100-Day SMA As Bulls Aim For $1.26 As 2025 unfolds, XRP’s impressive start and the broader market dynamics suggest that we may be on the cusp of a significant shift in the cryptocurrency landscape.  The confidence brought about by political changes and market sentiment may very well set the stage for a new era of growth for XRP and the cryptocurrency market as a whole.  Trading at $2.42, the XRP price shows a 2% increase over the past 24 hours. Regarding trading volume, CoinGecko data indicates a decrease of almost 42%, totaling $5.6 billion. Featured image from DALL-E, chart from TradingView.com

The Solana Winternitz Vault is optional, meaning Solana users will need to choose to store their funds in the Winternitz vaults to be quantum-proof.

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