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news-imageJanuary 31, 2025

Bitcoin, XRP, Dogecoin Pull Back On Trump Tariff Announcement, Ethereum Hanging On

Cryptocurrency markets are under pressure on Friday after President Trump's tariff announcement. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $101,924.10 -3.6% Ethereum (CRYPTO: ETH) $3,310.99 +1.5% Solana (CRYPTO: SOL) $228.96 -4.7% XRP (CRYPTO: XRP) $3.01 -4.2% Dogecoin (CRYPTO: DOGE) $0.3245 -3.1% Shiba Inu (CRYPTO: SHIB) $0.0000187 -0.6% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 3.6% and daily active addresses growing by 4.3%.
Publisher: Benzinga
Sentiment: Negative
BTC
DOGE

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Positive
cover-imageThe Currency Analytics
January 31, 2025

Bitcoin ETF Inflows Surge to $588M – Bullish Momentum Builds

The United States spot Bitcoin (BTC) Exchange Traded Funds (ETFs) have seen an impressive $588.22 million in net cash inflows on Thursday, marking the highest daily inflow this week. This surge has significantly boosted the total net assets of U.S. spot Bitcoin ETFs, which now sit at approximately $123.43 billion.

Negative
cover-imageThe Currency Analytics
January 31, 2025

Ethereum Faces Key Support – Price Reversal Possible

Ethereum (ETH) is currently navigating a pivotal point in its price trajectory, with several factors pointing to both short-term caution and long-term potential. Recently, ETH's Market Value to Realized Value (MVRV) ratio dipped below its 160-day moving average, a trend that historically has preceded price corrections.

Positive
cover-imageBitcoin
January 31, 2025

Bitcoin Miner Cipher Secures $50 Million Investment From Softbank

Cipher Mining Inc. announced a $50 million private investment in public equity (PIPE) from Softbank Group Corp., positioning the technology-focused investor as a key stakeholder in the company. Softbank Becomes Key Investor in Cipher Mining Cipher Mining's (Nasdaq: CIFR) transaction involves Softbank purchasing approximately 10.

Positive
cover-imageCryptopolitan
January 31, 2025

Canada races to launch world's first XRP ETF before the US

Purpose Investments, a Canadian asset manager, has officially filed a preliminary prospectus today to launch the world's first spot XRP exchange-traded fund (ETF) on the Toronto Stock Exchange. This is a race against the US, where multiple companies have already filed but are yet to get approved.

Positive
cover-imageThe Currency Analytics
January 31, 2025

Tesla's Bitcoin Holdings Boost Q4 Profits by $600 Million

Tesla's Q4 2024 earnings report delivered a surprising boost, largely thanks to the company's significant Bitcoin holdings. The electric vehicle manufacturer recorded a $600 million gain from its 11,509 Bitcoin reserves, reflecting a dramatic rise in the digital asset's value.

Neutral
cover-imageBenzinga
January 31, 2025

Bitcoin Cycle Is A Thing Of The Past, This Time It's Different, Expert Says

Matt Hougan, Chief Investment Officer at Bitwise, has argued the classic four-year Bitcoin (CRYPTO: BTC) cycle is evolving due to institutional adoption. What Happened: In a thread on X on Friday, Hougan noted that historically Bitcoin has followed a pattern of three bullish years followed by a pullback, driven by driven by investor enthusiasm, leverage buildup and eventual deleveraging.

Positive
cover-imageNewsBTC
January 31, 2025

Get Ready: XRP Set To Skyrocket To $4.39, Says Trading Guru

Renowned technical analyst Peter Brandt stirred up the XRP community on January 30 by posting a daily price chart (XRP/USDT) suggesting a “bull flag” continuation pattern. Brandt, whose reputation in charting spans decades, highlighted $4.39541 as the upper price objective based on the current market structure.

Positive
cover-imageBitcoinist
January 31, 2025

Trump Admin Eyes Bipartisan Bitcoin Reserve, Scaramucci Spills

In an interview with CNBC on January 30, Anthony Scaramucci—Founder and Co-Managing Partner at SkyBridge Capital and former White House Communications Director—provided fresh insight into the Trump administration's emerging approach to Bitcoin and cryptocurrencies, highlighting potential regulatory shifts and the possibility of a US strategic reserve.

Neutral
cover-imageThe Currency Analytics
January 31, 2025

Bitcoin Retail Investors Take Big Risks with Potential Upside

Bitcoin (BTC) retail investors are becoming increasingly bold in the derivatives market, taking on more risk despite market uncertainties. A recent analysis by AMBCrypto on Bitcoin's order-book depth has highlighted the growing trend of retail traders assuming excessive risk.

Neutral
cover-imageThe Currency Analytics
January 31, 2025

Ethereum Faces Long-Term Holder Anxiety at $3,200

Ethereum (ETH) has been hovering around the $3,200 mark, drawing increasing attention from investors, especially long-term holders (LTHs). This price point has fueled a subtle yet significant shift in sentiment among these market veterans, often considered the “smart money” of the crypto world.

Positive
cover-imageBitcoin
January 31, 2025

Bitcoin ETFs See $588 Million Inflow As Market Momentum Continues

The positive momentum on bitcoin ETFs continued with another day of net inflows worth $588 million, while ether ETFs bounced back with a net inflow of $67.77 million. Bitcoin and Ether ETFs Record Significant Inflows As Market Confidence Strengthens U.S. spot bitcoin exchange-traded funds (ETFs) recorded a significant net inflow of $588.

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