Bitcoin has extended gains above $100k, hitting highs of $105k as the market flips green amid anticipation ahead of Donald Trump's inauguration. XRP remained bullish and Ethereum, Solana and BNB traded above key levels. Meanwhile, EOS price has surged amid positive developments; Flare is up 20% and an analyst is bullish on Celestia.
Bitcoin's chance of hitting a new all-time high has increased, buoyed by expectations of the adoption of a US Bitcoin reserve.
KernelDAO, a leading restaking protocol, has launched a $40 million Ecosystem Fund to accelerate the development of its platform and strengthen its presence within the BNB Chain ecosystem.
This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Solana in greater detail. Ethereum (ETH) While altcoins such as XRP, SOL, and BNB have made new records since November 2024, Ethereum continues to struggle with a modest 3% price increase this week.
Cryptocurrencies recorded significant surges over the past few sessions as bulls emerged ahead of Donald Trump's inauguration ceremony. Crypto trading platforms confirm the prevailing enthusiasm with surged trader activities. BitDegree data shows Binance's 24-hour trading mushroomed from $4.78 billion on 11 January to yesterday's peak of $19.06 billion. That suggests a staggering 298.
BNB price is consolidating above the $700 support zone. The price is consolidating and might aim for a fresh increase above the $720 resistance.
Bitcoin's recovery to $100,000 is likely to be met with strong resistance, but if the bulls prevail, the next stop is near $108,300.
SOL and BNB showed positive signs hinting at the correction completion. Further confirmation is needed as the prices now reached key resistance levels.
The U.S. Supreme Court has denied Binance's appeal to overturn a class action lawsuit, a decision that has reverberated across the crypto market. Binance Coin (BNB), the native token of the Binance ecosystem, bore the brunt of this legal blow, dropping to a multi-week low of $660 before partially recovering to $687 at press time.
Gary Gensler's resignation next week could bode well for tokens that have been previously targeted by U.S regulators.
Explore the BNB Testnet Faucet, a crucial tool for developers to test applications and smart contracts in a risk-free environment before mainnet deployment.
The latest price analysis by Coinidol.com report, the price of Binance Coin (BNB) has fallen below the moving average lines, reaching a low of $659 on January 13.
BNB faces growing bearish pressure as technical and market indicators point to potential correction.
Bitcoin's fall below $90,000 is a negative sign, but the bulls are expected to vigorously defend the $85,000 level.
With blob sizes skyrocketing to 11.4 GB and transactions up 60%, Celestia's role as a data availability layer gains momentum.
The market seems unlikely to make a reversal, according to CoinStats.
Bitcoin's (BTC) price action remained muted over the weekend as it traded sideways and hovered around the $95,000 mark. BTC had dipped to a low of $91,314 on Friday before recovering to climb above $94,000.
Celestia (TIA) has struggled to regain its footing following a failed breakout above $5.50 last week. The altcoin's price fell by 18%, and although it has since attempted a recovery, broader market conditions remain unsupportive.
Derivatives data and price action revealed key market dynamics and trader positioning shifts.
Bitcoin's bounce above $94,000 suggests that the bulls remain buyers on dips, increasing the possibility of a retest of $100,000.
Binance Coin, the fifth-largest cryptocurrency by market capitalization, has largely avoided the ongoing crypto crash and is hovering near its all-time high.
Solana price today remains under pressure as bulls attempt to buy the dip following a 30% crash from its December highs. While BNB has also dropped, its performance has been less severe than SOL and other top altcoins.
This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Solana in greater detail. Ethereum (ETH) Ethereum tried to move above $3,600 this week but was quickly stopped by sellers who came in force to push the asset back to the key support at $3,200.
BNB's short-term price targets depends on a few key factors.
Celestia (TIA), a cryptocurrency that has been experiencing a steady decline in recent weeks, has taken a sharp downturn, falling 15% in just the last 24 hours. The drop adds to an ongoing trend, with the digital asset now down nearly 40% over the past month.
BNB is attempting to breach the $741 resistance level, which stands as a critical barrier to reaching its all-time high (ATH) of $793.
Bhutan's Gelephu Mindfulness City experiments with Bitcoin, Ether, and BNB in its reserves.
Binance Coin (BNB) has found itself in a precarious position recently, hovering around $696.40 after experiencing a significant 4.58% decline over the past two days. This downturn comes despite BNB's relatively strong performance earlier, highlighting potential underlying weaknesses in its price action.
Gelephu Mindfulness City, Bhutan's Special Administration Region, has revealed plans to include Bitcoin (BTC), Ethereum (ETH), and BNB in its strategic reserves.
BNB shows signs of recovery as price stabilizes above $675 support, with technical indicators suggesting potential upward movement toward $710 and $725 resistance levels.
A special administrative region in Bhutan announced on Wednesday that it will hold Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and BNB Coin (CRYPTO: BNB) as part of its strategic reserve. What happened: Gelephu Mindfulness City, situated in the south-central part of the Himalayan nation, said in a statement that they opted for cryptocurrencies with large capitalizations to ensure ease of trading and to avoid liquidity risks.
BNB price is consolidating above the $675 support zone. The price is consolidating and might aim for a fresh increase above the $700 resistance.
Celestia's (TIA) price has fallen sharply, dropping more than 15% in the last 24 hours and almost 40% over the past 30 days. Its market cap is now $2.2 billion, and this decline comes as bearish signals dominate technical indicators, including a recently formed death cross that suggests the potential for further downside.
The latest price analysis by Coinidol.com report, the price of Binance Coin (BNB) is holding above the 21-day SMA support and below the $745 resistance level.
Bitcoin's sell-off shows no signs of forming a bottom, which is destroying traders' appetite for altcoins.
Bhutan's Gelephu Mindfulness City pioneers adoption of digital asset strategic reserves. The city plans to set up an advisory panel on digital assets for GMC.
Bhutan is already heavily invested in bitcoin through its hydroelectric-powered mining operations, holding 12,211 BTC ($1.2 billion).
Gelephu Mindfulness City (GMC), a Special Administrative Region (SAR) in Bhutan, has incorporated digital assets like Bitcoin (BTC), Ether (ETH), and Binance Coin (BNB) into its strategic reserves.
Bhutan's Gelephu Mindfulness City (GMC) has unveiled plans to include Bitcoin, Ethereum, and BNB in its strategic reserve assets, according to a Jan. 8 statement. This decision marks a significant milestone as GMC becomes one of the first Special Administrative Regions (SARs) to incorporate digital assets into its reserves.
Bhutan's Gelephu Mindfulness City has become one of the first jurisdictions to officially include digital assets in its reserves. The post Bhutan's ‘Mindfulness City' Includes BNB, BTC, ETH in its Strategic Reserves appeared first on Cryptonews.
Bhutan plans to include Bitcoin (BTC), Ethereum (ETH), and BNB in its strategic reserves. Bhutan's mining is expected to create three to five bitcoins each day.
Changpeng Zhao, widely known to the community simply as CZ, a co-founder and former CEO of the world's largest cryptocurrency exchange Binance, has made an announcement that BNB has reached a whole new level of adoption.
Bhutan's newest region is adding Bitcoin, Ethereum, and Binance Coin to its reserves as part of its new economic strategy.
Bhutan's Gelephu Mindfulness City (GMC) on Wednesday announced its decision to broaden its crypto adoption plan. Bhutan's new special administration region will hold Bitcoin (BTC), Ethereum (ETH), Binance's BNB, and other digital assets in the city's strategic reserves.
The crypto industry maintains its upbeat bias, with Bitcoin stuck above $101,000, and the crypto fear and greed index moving to the green zone. Binance Coin has also done well, with its price remaining above $700.
The Binance coin (BNB) maintained a steady uptrend this week, remaining above the important resistance level at $700. It has been one of the best-performing cryptocurrencies as it moved from less than $2 a few years ago to $730 today. Here are the four main reasons why the BNB price will rise to $1,000 soon.
Sustained buying by institutional investors pushed Bitcoin above $100,000, opening the doors for a retest of the all-time high.