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news-imageJanuary 29, 2025

Crypto Price Analysis 1-29: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGWIFHAT: WIF, INTERNET COMPUTER: ICP

The crypto market is back in the red as the fallout from Monday's collapse continues to impact traditional and risk assets. Bitcoin (BTC) has struggled to build momentum, nearly slipping below $100,000 as it dropped to a low of $100,265 before recovering and moving to its current level of $101,600.
Publisher: Crypto Daily
Sentiment: Negative
BTC
ETH

More News Articles

Neutral
cover-imageBenzinga
January 30, 2025

El Salvador Changes Bitcoin Law But Legal Tender Status Remains

El Salvador's Congress passed a legislative amendment on Wednesday to alter the country's Bitcoin (CRYPTO: BTC) policy, making its acceptance voluntary rather than mandatory. What Happened: The move, introduced by President Nayib Bukele, was approved as part of efforts to meet conditions set by the International Monetary Fund in a $1.4 billion loan agreement, according to Reuters.

Positive
cover-imageThe Currency Analytics
January 30, 2025

Bitcoin Surges Past $105K Despite Federal Reserve's Cautious Stance

Bitcoin (BTC), the world's largest cryptocurrency, has once again defied market expectations by surging past the $105,000 mark. Despite the Federal Reserve maintaining its hawkish stance on interest rates, the digital asset continues to show resilience, demonstrating its ability to decouple from traditional markets.

Positive
cover-imageBenzinga
January 30, 2025

Bitcoin To Hit Up To $130,000 In The Next Weeks: Standard Chartered

Standard Chartered‘s Geoffrey Kendrick on Thursday predicted that Bitcoin (CRYPTO: BTC) will reach a new all-time high in the coming days, forecasting a price range of $112,000 to $130,000 for February and March. Kendrick's bullish outlook follows a recent market correction and is supported by various factors, including improved market positioning, positive regulatory developments and potential central bank adoption.

Negative
cover-imageThe Currency Analytics
January 30, 2025

El Salvador Modifies Bitcoin Law to Secure IMF Loan

In a move to meet the requirements of a $1.4 billion loan agreement with the International Monetary Fund (IMF), El Salvador has made significant changes to its Bitcoin law. The country, which made headlines in 2021 as the first to adopt Bitcoin as legal tender, has now shifted its stance on Bitcoin payments for businesses.

Positive
cover-imageCrypto Economy
January 30, 2025

Elon Musk's Bitcoin Bet Pays Off: Tesla's BTC Holdings Near $1B

TL;DR Tesla's Bitcoin Surge: Tesla's BTC holdings soared to nearly $1 billion in Q4 2024, with a $600M gain driven by a cryptocurrency rally and a new accounting rule. Accounting Rule Shift: A FASB update let Tesla mark Bitcoin to market value, boosting earnings by reflecting unrealized gains instead of only losses.

Positive
cover-imageCrypto Economy
January 30, 2025

Institutional Adoption Could Weaken Bitcoin's Famous Four-Year Cycle

TL;DR Halving Cycle Meets Institutional Demand: Bitcoin's four-year price cycle, driven by programmed supply cuts (halvings), faces disruption as institutional investors—via ETFs and corporate holdings. Regulatory Progress Eases Institutional Entry: Clearer crypto regulations, spurred by Trump's 2025 executive order, have legitimized Bitcoin for traditional finance.

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