The FOMC meeting date for January 2025 is fast approaching, and for the crypto community, the Federal Reserve interest rates decision is what is of utmost importance. However, recent developments suggest that the decision might not be favorable for the crypto market.

FOMC Meeting Date And What To Expect

The Federal Reserve’s calendar shows that January’s FOMC meeting date is set for 28th and 29th. The Fed will announce its interest rates decision at the end of this 2-day meeting.

The crypto community has its eyes on this Fed meeting to see whether the US Central Bank will continue with the quantitative easing (QE) policies that it adopted last year, having made three interest cuts in 2024.

At the December 2024 FOMC meeting, the Fed decided on a 25 basis points (Bps) rate cut, which was bullish for the crypto market. However, the Federal Reserve Chair Jerome Powell’s speech suggested that the committee was hawkish despite the rate cut decision.

Since then, the crypto community has been looking forward to the next FOMC meeting. There have been several developments that suggest what the Federal Reserve interest rates decision would be this month.

One is the December nonfarm payrolls data, which surged to 256,000. With this strong US job data, traders predict that the Fed will keep interest rates steady. CME FedWatch data shows there is a 93.6% probability of the Fed keeping interest rates unchanged.

In fact, traders are now betting against a Fed rate cut in the first half of this year. Instead, they predict that there will be only one rate cut throughout the year, which will happen in October.

What It Means For Bitcoin And The Crypto Market

The Fed’s potential decision to keep rates unchanged at its next FOMC meeting is bearish for the Bitcoin price and the broader crypto market. Bitcoin flash crashed to as low as $92,000 following the release of the nonfarm payrolls data, which reduced the likelihood of a rate cut at the January Fed meeting.

Keeping rates unchanged plays out in the minds of investors who are likely to be more risk-averse. These investors are less likely to invest in risk assets like cryptocurrencies.

What To Watch Out For Before The Fed Meeting

Ahead of the January FOMC meeting, the PPI and CPI inflation figures are things to keep an eye on. The Producer Price Index data will come out on January 14, while the Consumer Price Index data will be released on January 15.

These inflation figures will undoubtedly influence the Federal Reserve interest rates decision at the January meeting. The PPI is expected to rise to 3.0 year-on-year (YoY). Meanwhile, the CPI is expected to rise to 2.8% year

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Crypto analyst Investing Haven has provided a bullish outlook for the FLOKI, predicting that the meme coin could record a 200% surge. The analyst also revealed what must happen before FLOKI can record such a parabolic price surge.

FLOKI Price To Surge 200% If This Happens

In an X post, Investing Haven predicted that the FLOKI price could rally to its 2025 bullish target of $0.0005. However, he remarked that holding the critical support at $0.000122 early this year is key to maintaining bullish momentum and aiming for a breakout to this new all-time high (ATH).

The analyst asserted that a bounce from this support level could propel the top meme coin toward this 2025 target of $0.0005. So far, FLOKI has held well above this crucial support level, which is undoubtedly a huge positive, especially considering the bearish sentiment in the broader crypto market.

With the FLOKI price holding comfortably above this support level, Investing Haven suggested this might be the perfect ‘buy the dip’ opportunity.

A recent coinpress report also noted how the Bitcoin SOPR was hinting at this recent market downtrend being the perfect opportunity to accumulate more coins.

A 5X Price Increase Is A Possibility

Crypto analyst CryptoElites has predicted that the FLOKI price could witness a 5x increase from its current level. That means the meme coin could rally to as high as $0.00088.

CryptoElites seemed confident that FLOKI could record such a rally, noting that the technical setup is completely positive. The $0.00088 price target is a level that Investing Haven also believes that the meme coin could reach this year.

Crypto analyst Master Kenobi also believes that a FLOKI price rally may be imminent. He noted that FLOKI may be at the stage where it could witness volatility before a significant pump.

His accompanying chart showed that a 10x price increase was possible, with the top meme coin rallying to as high as $0.0011. The analyst had previously highlighted $0.00021 and $0.00028 as two price levels to watch before FLOKI hits ATH.

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Crypto analyst Ali Martinez has provided a bullish outlook for the Cardano price. The analyst predicted that ADA could rebound to $1 following a potential price breakout.

Cardano Price Could Rebound To $1 As Bull Pennant Appears

In an X post, Ali Martinez stated that the Cardano price could break out from a bull pennant on lower time frames, signaling a potential surge to $1. This is a price level that ADA corrected from the marketwide sell-off, which began earlier this week.

The analyst had previously revealed how Whales sold over 70 million coins between January 6 and 8, which put significant selling pressure on the ADA price. However, based on Martinez’s recent analysis, Cardano could soon witness a bullish reversal.

Crypto analyst Sebastian also predicted that a rebound may be imminent for the Cardano price. The analyst revealed a possible inverse head-and-shoulder that was forming on the hourly ADA chart.

The crypto analyst also noted that the Bitcoin price is bouncing nicely, and ADA is following. He added that the pump after this dip would be epic and that the dip would be forgotten in a week from now.

ADA Holders Are On The Rise

In an X post, on-chain analytics platform Santiment revealed that ADA holders are on the rise, which provides a bullish outlook for the Cardano price. According to the platform, the number of Cardano wallets has increased by 2,800. This represents a 0.1% increase in holders since the start of 2025.

Santiment noted that if wallets are rising fast, the community is confident in the project for the long term. A recent ADA technical analysis showed that the Cardano price boasts more bullish than bearish indicators, which explains why investors could be bullish on the coin for the long term.

However, in the short term, ADA and the broader crypto market are undoubtedly still at risk of a significant price correction, especially following the release of the nonfarm payrolls report, which reduced optimism of a Fed rate cut in the first half of this year.

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The latest nonfarm payrolls data shows a surge in the US employment rate for December. Meanwhile, the unemployment rate also came in lower than expected. These macroeconomic figures could significantly impact Bitcoin and the broader crypto market.

US Nonfarm Payrolls Surge To 256,000

The Labor Department data shows that the total nonfarm payroll employment increased by 256,000 in December, beating the estimates of 160,000. This again represents a strong US job data after an increase to 227,000 in November.

The unemployment rate dropped to 4.1%, as against the expected 4.2% recorded in November. Following the release of this nonfarm payrolls report, traders are now betting against a first-half rate cut from the Federal Reserve.

These traders predict that the Fed will only cut rates once this year, and it is unlikely to happen earlier than June. Specifically, they project that the only interest rate cut this year will occur in October.

This development presents a bearish outlook for the BTC price, considering how this macro data could play out in the minds of investors. The Fed made three interest rate cuts last year, which makes a potential one rate cut this year more disappointing.

Treasury Yields Rise To Highest Levels Since 2023

Following the release of the nonfarm payrolls report, the US 10-year and 30-year treasury yields rose to their highest levels since November 2023. This macro data also presents a bearish outlook for Bitcoin and the broader crypto market.

Meanwhile, as expected, the US dollar has strengthened amid the strong US job data report. These macro factors have already added to the significant volatility that is being experienced in the crypto market today.

There had already been a lot of volatility since the day began due to the 19,000 BTC options, which expired just before the release of these macro data.

All eyes will be on the Producer Price Index (PPI) and Consumer Price Index (CPI) inflation figures, which will come out next week. Those inflation figures will likely further dampen expectations of a Fed rate cut in the first half of the year.

What Next For The Bitcoin Price?

The Bitcoin price flash crashed to as low as $92,000 following the release of the nonfarm payrolls data but is now back above $93,000. However, the flagship crypto is still at risk of a significant price correction, especially with the likelihood of the US government selling its $6.5 billion Silk Road BTC stash before Donald Trump takes office.

Crypto analyst Titan of Crypto has also drawn the crypto community’s attention to a Bitcoin correction fractal from 2020 that is unfolding following the strong US job data.

The crypto analyst remarked that there are mixed implications ahead for risk assets like BTC and other cryptocurrencies. His accompanying chart showed that BTC is at risk of falling to as low as $81,000, depending on how this plays out.

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Crypto analyst CasiTrades has provided an update on her XRP price prediction, revealing the next crucial targets for the crypto. Other crypto analysts have also given potential price targets for XRP.

XRP Price Prediction: Targets To Watch Out For

In an X post, CasiTrades revealed $2.18 and $2.28 as the next crucial targets while providing an update on her XRP price prediction. this came as she noted that the plan was still unfolding just as expected.

Following the strong reaction at the midpoint at $2.30, CasiTrades remarked that XRP has now officially broken that level and heading towards $2.18 to complete subwave 3 of the E wave.

If the XRP eventually drops to $2.18, CasiTrades stated that she would be watching for a bounce back up for subwave 4 at $2.28, followed by the final move down to the bottom trendline.

Meanwhile, a recent coinpress market analyst provided three reasons why the XRP price could witness a bullish reversal amid the DOJ’s potential $6.5 billion BTC sale.

One of these reasons is the fact that the bullish momentum remains strong. Major Banks like Japan’s SBI and Bank of America are also adopting XRP. Thirdly, a bull flag hints at an XRP rally to $15.

Price Correction Is Almost Over

While discussing his XRP price prediction, crypto analyst Dark Defender suggested that price correction is almost over. According to him, XRP is closer to finalizing the correction on smaller time frames, such as the 4-hour and daily charts.

The crypto analyst also remarked that XRP is moving similarly to the 2017 monthly pattern. While considering the RSI and multiple other indicators, Dark Defender added that XRP’s run has not yet been finalized and is still bullish regarding the weekly and monthly time frames.

Two Entries For XRP

Crypto analyst Ali Martinez stated that XRP offers two potential entries for market participants. He remarked that the first is the rising trendline of the pennant at $2.05. The second is the breakout outside of the pennant at $2.50.

Martinez added that regardless of the entry, the target for the coin remains $10. Amid these XRP price predictions, crypto analyst Mikybull Crypto has predicted a breakout to $3, which could pave the way to a new all-time high (ATH) for XRP.

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Bitwise Chief Investment Officer (CIO) Matt Hougan has commented on what will likely happen if the US government under Joe Biden sells its $6.5 billion Silk Road BTC stash. The Bitwise CIO’s remarks come following the court’s approval for the government to sell these coins.

Bitwise CIO Comments On US Government’s Potential Bitcoin Sale

In an X post, Bitwise CIO Matt Hougan mentioned that the market will hoover it up if the US government actually sells its $6.5 billion Silk Road stash in the remaining days of the Biden Administration.

He added that the new administration, led by Donald Trump, would buy these bitcoins back if the Biden administration sells them. However, it remains uncertain whether that will indeed happen, as Trump has yet to comment on this.

Hougan’s comments come following the court’s green light for the government to liquidate the 69,000 BTC ($6.5 billion) that it seized from the dark web marketplace Silk Road.

Meanwhile, while the US might be looking to offload these coins, other countries are looking to adopt a crypto Reserve. Bhutan’s Gelephu Mindfulness City recently announced plans to include Bitcoin, Ethereum, and BNB in its reserves.

Peter Schiff Holds A Different Opinion

While the Bitwise CIO believes that Donald Trump’s administration will buy these coins back, Bitcoin critic Peter Schiff has suggested this is unlikely.

In an X post, the renowned economist asserted that the US president-elect won’t buy these coins or even more if Biden’s government sells the BTC stash before he takes office.

Schiff also believes Biden’s government will sell these coins before January 20. He mentioned how he has been warning since the election in November last year that this current administration would sell all the US-owned BTC before Trump takes office. He added that Trump’s only campaign promise was not to sell the US-owned BTC, but he never promised to buy any more.

A $6.5 billion BTC sale by the US government could significantly impact the Bitcoin price. Interestingly, amid this potential price decline. Peter Schiff has also predicted an MSTR stock crash due to the company’s Bitcoin exposure.

Bitcoin Price Could Be Ready To Rebound

Crypto analyst Ali Martinez has provided some optimism amid the recent Bitcoin price crash. In an X post, he stated that BTC could be getting ready to rebound.

For Bitcoin to move higher, the analyst revealed that it needs to break above $94,600. A break above this resistance level could lead to a further rally to $96,300 or even $97,000.

Meanwhile, the analyst also revealed that 66.38% of traders on Binance are betting on a Bitcoin price rebound. The analyst noted that these traders have a track record of being right.

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Crypto analyst Mikybull Crypto has provided a bullish outlook for the XRP price despite its recent pullback. The analyst predicted that XRP could record a price breakout to $3 this month.

XRP Price Breakout To $3 Could Happen This Month

In an X post, Mikybull Crypto stated that the XRP price is imminent as the chart looks ready. His accompanying chart showed that the price breakout to this target could happen this month.

The chart also showed that XRP could rally to $3.2, continue its uptrend, and reach the Fib 1.618 level at $3.7. This could ultimately pave the way for the crypto to reach its current all-time high (ATH) of $3.84.

Crypto analyst CrediBULL Crypto also provided a bullish outlook for the coin. He stated that XRP/BTC is just a few percent away from his local downside target, where he expects a bounce and continuation up.

The crypto analyst added that this means that the Bitcoin price would need to experience a pullback quickly if XRP is to drop to earlier entry points. If not, it will just rip up from here.

A Pullback To $2 Is Still On The Cards

Crypto analyst CasiTrades predicted that the XRP price could still witness a pullback to as low as $2 before a continuation of the uptrend. The analyst stated she is growing more confident in the E wave, targeting the bottom support at $2.08.

The analyst further remarked that the Ewave down aligns closely with BTC forming a C wave down. She added that the top trendline was recently tested and met with resistance. The Relative Strength Index (RSI) is forming a bearish trend, indicating downside momentum is building.

However, in the long term, CasiTrades is still bullish on XRP’s future trajectory. Despite how bearish the RSI currently is, she noted that the coin could witness a bounce to between $3.35 and $3.37. Crypto analyst Ali Martinez’s analysis also showed XRP could enjoy a 470% rally.

Analyst Reaffirms $27 Price Prediction

In a recent X post, crypto analyst Egrag Crypto reaffirmed his $27 XRP price prediction. He stated that XRP will hit Fib 1.414 and Fib 2.0, converging around $13.

When that rally happens, the analyst stated there will likely be a deep retracement, which could send XRP to around the $4 range. Egrag Crypto then predicted that the price could start the final surge to $27.

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MicroStrategy’s co-founder has revealed how much Bitcoin the software company bought in 2024. Saylor also mentioned how much BTC yield they achieved as a result of the flagship crypto’s performance last year.

MicroStrategy Bought $22 Billion Worth Of BTC In 2024

In an X post, Saylor revealed that MicroStrategy acquired 258,320 BTC for $22.07 billion in 2024 at an average price of $85,450 per Bitcoin. He added that his company achieved a 74.3% BTC yield last year.

The company started 2024 with 189,150 Bitcoin and realized a BTC gain of 140,630 BTC, which represents a gain of 385 BTC daily. Saylor noted that with the Bitcoin price at $100,000, this translates to shareholder value creation of $14.06 billion for the year or $38.5 million daily.

It is worth mentioning that most of the company’s Bitcoin purchases came towards the end of the year. MicroStrategy went on an eight-week BTC buying spree from the beginning of November until the end of the year.

This streak has extended into the new year. The company recently acquired 1,070 BTC for $101 million. More Bitcoin purchases are still expected this year, as the company announced plans to raise up to $2 billion for BTC acquisitions.

Bitcoin Held By Corporations Doubled Last Year

Bitwise’s Head of Research, Ryan Rasmussen, recently revealed that the amount of Bitcoin held by corporations has doubled over the past year. In the fourth quarter of 2023, these corporations held 262,635 BTC.

That figure increased by 6% in the first quarter of 2024 to 279,639. It then increased by 15% in the second quarter of 2024 to 321,224. Another increase of 13% took place in the third quarter of 2024, with the BTC held by these corporations rising to 361,736.

The largest increase (63%) came in the fourth quarter of last year, as these corporations held 590,649 BTC combined. Rasmussen noted MicroStrategy contributed the most to the feat, although other companies like Metaplanet and Marathon Digital did their bit.

Companies like KULR also came into the mix, creating a Bitcoin treasury. Yesterday, the company announced that it had increased its BTC treasury to $42 million and achieved a yield of 93%.

On Corporations Buying BTC

Bitwise’s Chief Investment Officer (CIO) Matt Hougan recently commented on corporations buying Bitcoin. He stated that it is a much bigger deal than most people think.

In an earlier post, he highlighted how these companies formed one of the three sources of insatiable demand in 2025. ETFS and governments are the other two sources.

Hougan and Bitwise had predicted that the Bitcoin price could reach as high as $200,000 this year thanks to these sources of demand. Hougan also predicted that BTC could even reach $500,000 if the Strategic Bitcoin Reserve comes to life.

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Pro-XRP lawyer John Deaton has given his opinion on when Ripple could go public. The legal expert also explained why he believes that the US Securities and Exchange Commission (SEC) will withdraw its appeal against the crypto firm.

John Deaton Predicts When Ripple Could Go Public

In an X post, John Deaton mentioned that he believes a Ripple initial public offering (IPO) could happen either in the last quarter of 2025 or the first quarter of 2026.

The legal expert alluded to an interview by Ripple CEO Brad Garlinghouse, which suggested that the crypto firm could indeed go public. In the interview, Garlinghouse explained that they didn’t prioritize going public before now because it didn’t make sense under the previous SEC administration.

However, the Ripple CEO opened the possibility of them going public later in the future. This also looks to be a real possibility, considering Brad Garlinghouse’s comments highlighting how his firm has become more operational in the US since Donald Trump’s victory.

Meanwhile, Deaton remarked that the timing of Ripple’s potential IPO will depend on how aggressive Paul Atkins is as the US SEC Chairman.

The legal expert also predicted that the SEC could withdraw its appeal against Ripple, and the crypto firm would pay the earlier monetary judgment that Judge Analisa Torres awarded against it, ultimately concluding the case.

John Deaton added that if Atkins is confirmed quickly, the case could end in the first quarter of this year. However, he believes the 2nd quarter is more likely because the US Congress “moves slowly” with the confirmation process.

Why The SEC Will Withdraw The Appeal

John Deaton further explained why the US SEC will likely withdraw its appeal against Ripple. According to him, it makes no sense for the SEC to appeal Judge Torres’ ruling.

He remarked that appealing can only bring bad news for the SEC as an institution. The pro-XRP lawyer added that the Commission appealed only because the current Chair, Gary Gensler, was hurt by the defeat in court.

John Deaton also listed several reasons why the appeal doesn’t make sense. First, he stated that Judge Torres’s ruling is a federal district court ruling and is not binding precedent. He added that the Ripple pulling has very low “persuasive precedent implications.”

Furthermore, Deaton mentioned that Judge Torres’s ruling was very fact-specific, so it applies only to the facts of the Ripple case. This means that the decision has very limited persuasive power.

The pro-XRP lawyer also doesn’t believe applying all the Howey factors favors the SEC. He noted that Judge Torres didn’t apply all of them but added that the Commission would still likely lose if she were to do so. Deaton also mentioned that the SEC could lose “big” if the case gets to the Supreme Court.

Having outlined these points, John Deaton asserted that appealing the Ripple ruling is a “fool’s errand,” and he believes that Paul Atkins will see it that way. The lawyer’s comments come just as Ex-SEC lawyer Marc Fagel affirmed that there will be a settlement in the Ripple SEC case.

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MicroStrategy has announced another Bitcoin purchase, making it the company’s ninth BTC acquisition in as many weeks. The software company now holds 447,470 BTC, which it acquired for $27.97 billion.

MicroStrategy Acquires 1,070 BTC For $101 Million

In a press release, MicroStrategy announced that it had acquired 1,070 BTC for $101 million at an average price of $94,004 per bitcoin. The company also revealed that it achieved a BTC yield of 48.0% in the fourth quarter of 2024 and 74.3% in the 2024 financial year.

Following its recent Bitcoin purchase, MicroStrategy now holds 447,470 BTC, which it acquired for $27.97 billion at an average price of $62,503 per Bitcoin. This marks the company’s ninth purchase in as many weeks. Last week, the company announced a Bitcoin purchase of 2,138 BTC for $209 million.

The software company already holds the crown as the public company with the largest Bitcoin holdings and doesn’t look to be slowing down anytime soon. It recently announced plans to raise up to $2 billion to buy more Bitcoin.

This $2 billion capital raise is in addition to the $42 billion the company had planned to raise over three years. This $2 billion will be raised through a public offering.

Meanwhile, the MSTR stock price has rebounded amid this recent Bitcoin purchase. Nasdaq data shows the stock is up over 3% today, trading at around $350.

Other Bitcoin Whales Are Accumulating

Besides MicroStrategy, other Bitcoin whales are also accumulating the flagship crypto. Whale Alert data shows that an investor recently moved 1,696 BTC from an unknown wallet to another, indicating an accumulation trend.

Another Bitcoin Whale also transferred 1,194 BTC from Coinbase to an unknown wallet. Transfers from crypto exchanges to unknown wallets suggest that the investors want to hold their coins for the long term.

This provides a bullish outlook for the flagship crypto and hints at further rallies for Bitcoin. A recent coinpress raised the possibility of the Bitcoin price correction being finally over. It is worth mentioning that BTC recently touched $100,000, suggesting that a bullish reversal is imminent.

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Ripple CEO Brad Garlinghouse has highlighted the positive impact that Donald Trump’s victory has had on Ripple’s business. Garlinghouse also referenced the “Trump bull market,” which undoubtedly provides a bullish outlook for coins like XRP.

Brad Garlinghouse Highlights Trump’s Impact On Ripple

In an X post, Brad Garlinghouse discussed the impact of Donald Trump’s election victory on Ripple’s operations. He revealed that 75% of the company’s open roles are now US-based.

This represents a change, as Garlinghouse noted that over the last four years, most of the company’s hires were outside the US. Furthermore, the Ripple CEO revealed they had signed more US deals in the last six weeks of 2024 (since Trump’s victory) than in the previous six months.

Trump’s victory has undoubtedly provided a bullish outlook for the crypto industry because of his pro-crypto stance. Brad Garlinghouse remarked that Team Trump is already jumpstarting innovation and job growth in the US with Scott Bessent, David Sacks, Paul Atkins, and others at the helm.

He added that the “Trump effect” is already making crypto great again through his campaign and in the Administration’s day 1 priority. Ripple looks to have really benefitted greatly from this Trump effect.

The crypto firm finally launched its RLUSD stablecoin after the US president-elect defeated Kamala Harris in November last year. The RLUSD stablecoin has already enjoyed significant success, as it recently flipped PYUSD and EURC in 24-hour trading volume.

The “Trump Bull Market” Is Real

In his X post, Brad Garlinghouse also stated that the “Trump bull market” is real. He remarked that for Ripple, this bull market is even more personal after Gary Gensler’s SEC effectively froze their business opportunities in the US for years.

He added that optimism about the bull market is obvious and very deserved. This Trump bull market undoubtedly provides a bullish outlook for the XRP price especially.

With pro-crypto Paul Atkins set to lead the US Securities and Exchange Commission (SEC) under Trump’s Administration, the Commission could drop its long-running lawsuit against Ripple and Brad Garlinghouse.

This is bullish for XRP because of the crypto’s ties with Ripple. The coin is believed to have remained stagnant in the 2021 bull run because of the lawsuit.

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Crypto analyst Master Kenobi has revealed two levels to watch out for before the FLOKI price hits a new all-time high (ATH). The analyst also revealed the timeline for when the top meme coin could reach these price targets.

Two Levels To Watch Before FLOKI Price Hits ATH

In an X post, Master Kenobi revealed $0.00021 and $0.00028 as two levels to watch before the FLOKI price hits its current ATH of $0.00035 and enters price discovery. He added that he believes that the top meme coin will hit these price levels this month.

The analyst’s accompanying chart showed that FLOKI could rally to as high as $0.0011 as it rallies to a new ATH. A rally to this price level represents a gain of around 478% for the meme coin.

Master Kenobi also recently provided a bullish outlook for the FLOKI price. The crypto analyst mentioned that the crypto was on the verge of a massive breakout that could send its price to around $0.00080.

In a recent X post, he again reaffirmed that the meme coin was on the verge of a price breakout. Master Kenobi suggested that FLOKI could soon breakout from the two-weeks rectangle.

More Bullish Outlook For The Top Meme Coin

Other crypto analysts have provided a bullish outlook for the FLOKI price. One of them is World Of Charts. In an X post, the crypto analyst noted that the meme coin has recorded a 2x price increase from its last breakout.

He added that FLOKI is now bouncing again from the horizontal support area and approaching the bullish flag trendline. In line with this, World Of Charts predicted that the meme coin could record another 2x price increase in the coming days.

Crypto analyst Poseidon noted that the FLOKI price has recorded 300 days of consolidation. He remarked that this consolidation phase should end with an expansion to the upside.

From a fundamentals perspective, FLOKI also has a bullish outlook. As coinpress reported, the meme coin’s ETP could go live in the first quarter of this year. This fund will attract institutional inflows into the coin’s ecosystem and possibly contribute to future price rallies.

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MicroStrategy has announced plans to raise more capital to purchase more Bitcoin for its treasury. This is a supplementary plan to the company’s $42 billion fundraising campaign for BTC purchases.

MicroStrategy To Raise Up To $2 Billion For Bitcoin Purchases

In a press release, MicroStrategy announced its plan to raise up to $2 billion to acquire more Bitcoin. The software company mentioned that this capital raise would be carried out through one or more public underwritten offerings of perpetual preferred stock.

The press release also noted that the purpose of the offering is to allow the company to strengthen its balance sheet and acquire more Bitcoin. The public offering will take place in the first quarter of 2025 if they proceed with the fundraising plan.

The software company remarked that the decision to proceed with and consummate the public offering is in its sole discretion and is subject to market and other conditions. As such, MicroStrategy may choose not to proceed with or consummate the public offering at all.

Last year, the company announced plans to raise $42 billion over three years to buy more Bitcoin. This latest proposed capital raise is in furtherance of that initial plan, meaning that the company could raise up to $44 billion for more BTC purchases.

Michael Saylor’s company has purchased Bitcoin for eight consecutive weeks. This week, it announced that it acquired 2,138 BTC for $209 million. MicroStrategy currently holds 446,400 BTC and is the public company with the largest Bitcoin holding.

MSTR Stock Rebounds

MicroStrategy’s stock has rebounded from its end-of-the-year slump, having suffered a price decline of over 8%. Nasdaq data shows that the MSTR stock recorded a gain of around 13% during trading hours on Thursday and closed the day trading at around $339.

The company’s announcement of the proposed $2 billion capital raise to buy more Bitcoin also provides a bullish outlook for the MSTR stock price. It is worth mentioning that MSTR was the best-performing major asset last year, outperforming the flagship crypto and other major stocks.

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Crypto analyst Javon Marks has provided a bullish outlook for the Cardano price. The analyst predicts that ADA could rally to as high as $7 based on historical trends from the last bull cycle.

Cardano Price Could Rally To $7 If History Repeats Itself

In an X post, Javon Marks predicted that the Cardano price could rally to $7 if history repeats itself. This came as the crypto analyst noted that Cardano has recovered much of its recent pullback in a “significantly positive candle.”

Marks further remarked that there could be an uptrend continuation ready, which can lead to the target of $2.7709. Following a potential rally to this target, the crypto analyst then raised the possibility of another parabolic rally to $7.

He stated that the rally to $2 could only be the start, with the $7.8 level being possible in a full run similar to the last bull cycle. A run to $7.8 would represent a price gain of over 618% for Cardano from its current price level.

Crypto analyst Ali Martinez’s analysis also made reference to the 2021 bull run as he predicted that the Cardano price could rally to $4 in a few weeks.

The analyst drew parallels between the ADA’s current price action and its performance between November 2020 and August 2021, around when the crypto reached its current all-time high (ATH). In line with this, Martinez predicts that a surge to $4 could happen in the coming weeks.

A Rally To $2 Could Happen This January

In an X post, crypto analyst Sebastian predicted that the Cardano price could rally to $2 this January. This came as he noted that the ADA price has surged 12% today and is one of the leading gainers in the crypto market.

The analyst opined that the Cardano is about to record a new local high very soon and added that a rally to $2 by the end of January sounds achievable at this point.

Crypto analyst Satoshi Stacker also provided a bullish outlook for the ADA price. He stated that Cardano is easily pushing through resistance levels. The analyst added that this momentum is truly explosive and that the crypto wants to rally higher.

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Solana’s PumpFun has made another SOL transfer to the Kraken exchange. This marks their second deposit in as many days, raising concerns about a potential selloff just as SOL rebounds above $200.

PumpFun Transfers $13M As SOL Rebounds

Onchain data shows that the PumpFun platform has deposited 63,171 ($13.11 million) into the Kraken exchange. This move comes just as SOL rebounded above $200 for the first time since mid-December last year.

Meanwhile, it comes just a day after the meme coin launchpad deposited 120,000 SOL ($22.8 million) into the top crypto exchange. The platform had also transferred 172,436 SOL ($32.7 million) yesterday.

These transfers suggest that PumpFun may be looking to offload these coins, as it has done in the past. The Solana platform has deposited 1.56 million SOL to the top crypto exchange and sold 264,373 SOL for $41.64 million.

This potential sale of the SOL coins provides a bearish outlook for the crypto since it could lead to significant selling pressure. However, Solana’s fundamentals present a bullish outlook for SOL.

Market expert Nate Geraci recently predicted that the US Securities and Exchange Commission (SEC) will approve a Solana ETF this year. A SOL ETF is bullish as it will drive more institutional funds into the Solana ecosystem.

SOL Looks Primed To Reach New Highs

Amid the PumpFun transfers, crypto analysts have suggested that the Solana price is well-primed to reach new highs. In an X post, crypto analyst Satoshi Flipper stated that the SOL price is now pressing against a descending channel resistance.

The analyst added that a price breakout from this current level could send Solana to $260, close to its all-time high (ATH) of $263. Once it reaches this $260 price target, Satoshi Flipper remarked that Solana will enter price discovery.

Meanwhile, crypto analyst Mercury also suggested that Solana is set to reach a new high. He stated that he is watching for a reclaim of the 4-hour 200 moving averages (MA) plus the local resistance to swing SOL to a new ATH.

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Crypto analyst Master Kenobi has predicted that the Dogecoin price could rally to $1.2 in this new year. The analyst further revealed what needs to happen for the foremost meme coin to reach this price target.

How Dogecoin Price Could Rally To $1.2

In an X post, Master Kenobi explained how the Dogecoin price could rally to $1.2. He stated that if DOGE manages to break past its all-time high (ATH) of $0.74 by the end of January, it could potentially test the $1.2 area.

The analyst noted that such a rally could make Dogecoin’s market capitalization align with that of XRP. Master Kenobi added that any rally beyond $1.2 would be a bonus, although not impossible.

He also raised the possibility of Dogecoin rising to $3.4 if the top meme coin reaches the orange trendline, which he highlighted on his accompanying chart by the end of January.

However, Master Kenobi remarked that he doesn’t believe that the foremost meme coin can reach this target at this stage of the bull market. He added that it could happen maybe later this year but not now.

Regarding the current Dogecoin price action, the crypto analyst stated that DOGE seems to have found its consolidation zone in a position of balance. He observed that in the past, pauses between episodes of DOGE’s sharp growth were characterized by periods of correction followed by horizontal consolidation.

In the recent context, Master Kenobi noted that after two weeks of correction, Dogecoin appears to have reached a stabilization level from which it could initiate its next move.

The crypto analyst added that history shows that such stagnation periods before a new impulse typically last, on average, for a few weeks. Master Kenobi mentioned that external events beyond the crypto market could play a significant role, providing the narrative and motivation necessary for the next move.

DOGE Is In The Markup Phase

Crypto analyst Trader provided insights into what stage of the bull run the Dogecoin price is currently in. In an X post, he stated that DOGE is in the markup phase of the Wyckoff market cycle.

Currently, the analyst revealed that DOGE has completed the first wave of the Markup phase. He added that price appreciation could intensify towards the end of this phase, resulting in a “Blow-Off Top.”

This chart pattern is characterized by a rapid, steep price increase. Meanwhile, based on a recent coinpress market analysis, the Dogecoin price could indeed reach new highs this month.

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Crypto analyst Dark Defender has predicted that the XRP price could reach $5 in this new year. This bullish prediction comes amid increased Whale activity, with these investors moving over $700 million worth of XRP.

XRP Price Eyes $5 Amid Increased Whale Activity

In an X post, crypto analyst Dark Defender predicted that the XRP price could reach $5 in 2025. This prediction comes amid increased Whale activity, with investors moving over $700 million.

Whale Alert data shows that an unknown wallet transferred 300 million XRP ($649.8 million) to Ripple. Meanwhile, another unknown wallet transferred 30 million XRP to the Bithumb exchange.

An increase in Whale activity usually provides a bullish outlook. However, in this case, the transfer to the Bithumb exchange suggests that the investor in question may be looking to offload their coins.

Such a sale could put significant selling pressure on XRP. Despite this development, Dark Defender has provided a bullish outlook for the crypto, with his prediction that XRP could reach $5.85.

The crypto analyst mentioned that the Fibonacci target levels are the same, and the first one sits at $5.85 precisely. He also announced that XRP had completed the correction pattern in the weekly timeframe.

Having completed this corrective pattern, Dark Defender stated that he expects the XRP price to break the triangle that he highlighted on the charts within a week.

The crypto analyst’s accompanying chart showed that XRP could still rally to as high as $18 in this market cycle. Meanwhile, crypto analyst CasiTrades also recently provided a bullish outlook for XRP as she predicted that the crypto could rebound to $2.60.

More Bullish Outlook For The Crypto

In an X post, crypto analyst Mikybull Crypto also provided a bullish outlook for the XRP price, stating that it has one of the most bullish charts out there.

His accompanying chart showed that XRP was well primed for price breakout. The chart also showed that the crypto could rally to double digits in this market cycle.

Crypto analyst Egrag Crypto also predicted that the XRP price could rally to as high as $27 in this market cycle. The analyst explained that the crypto could enjoy such a price surge considering that it recorded a parabolic rally in the 2017 bull run.

The post XRP Price Eyes $5 As Whales Move $700M appeared first on coinpress.

Crypto analyst CasiTrades has provided some optimism as she predicts that the XRP could rebound to as high as $2.60. This came as she revealed that the crypto has found its local bottom.

XRP Price Rebound To $2.60 On The Cards

In an X post, CasiTrades predicted that the XRP price could rebound to $2.60. She stated that XRP had found its local bottom and held strong without making a new low below Wave C.

She remarked that this is key for the D wave. While analyzing the sub-waves left in the D wave, CasiTrades stated that her next targets are $2.25 and $2.40.

She expects this wave to extend toward $2.40, with the final 5th subwave reaching $2.60 to complete the D wave. The analyst added that she would closely watch how the subwaves form and how the price behaves around $2.60.

CasiTrades also mentioned that a resistance at $2.60 is expected, but there is a chance that the E wave will fail and XRP will push into new highs earlier than expected.

Meanwhile, the analyst’s accompanying chart showed that XRP could dip to $2.3 on the E wave and then rebound to as high as $2.80. This rebound to $2.80 could then pave the way for the crypto to rally to new highs.

Crypto analysts like Ali Martinez have also provided a bullish outlook for the XRP price heading into the new year. The crypto analyst predicted that the crypto could rally to as high as $11 in 2025.

Analysis Of The Bull Market Support Band

In an X post, crypto analyst Egrag Crypto provided an in-depth analysis of the Bull Market Support Band (BMSB). He stated that the bulls are fiercely defending the BMSB.

The analyst noted that when the BSMB surpasses $2, it signifies a strategic advantage. In line with this, he remarked that as long as the XRP price remains above $2, the BMSB should ideally catch up and stabilize above this level.

Egrag Crypto further remarked that achieving this would be a tremendous gift at the start of 2025, demonstrating that the Bears are unable to push prices below $2 due to the strong defense from the Bulls.

The crypto analyst has high expectations for the XRP price in 2025, predicting that the crypto could reach $27 next year. He explained that such a parabolic rally could happen since XRP witnessed a 50,000% in 2017.

The post Analyst Predicts XRP Price Rebound To $2.60, Here’s How appeared first on coinpress.

Renowned economist and Bitcoin critic Peter Schiff has come for the USDT issuer Tether. He accused the crypto firm of manipulation following its recent 7,629 BTC purchase.

Peter Schiff Accuses Tether Of Manipulation

In reaction to Tether’s recent Bitcoin purchase, Peter Schiff accused the USDT issuer of “more manipulation.” He stated that the crypto firm simply creates USDT out of “thin air” and uses it to buy Bitcoin.

The renowned economist further described this USDT minting as Tether’s version of quantitative easing (QE). He added that this will not end well for Tether or Bitcoin.

USDT issuer Tether recently added 7,629 BTC to its reserve, which sparked Schiff’s remarks. The crypto firm now holds $7.68 billion worth of Bitcoin.

Meanwhile, Schiff’s accusation that USDT was created out of thin air is unfounded, as the stablecoin is backed by the USD and other Tether reserve assets. The firm also releases independent audit reports of its reserves.

However, Peter Schiff still seems to be convinced that there is some sort of manipulation involved in the USDT minting. In another X post, he stated that by definition, the USDT Tether uses to buy is not backed by anything other then the BTC it acquires as a result of the purchase.

It is worth mentioning that Schiff also criticized MicroStrategy’s $209 million Bitcoin purchase. He stated that the software company is no longer buying enough BTC to keep the price rising.

Adding To The Tether FUD

Peter Schiff’s remarks about Tether add to the FUD surrounding the stablecoin issuer. There have been many ill comments about the crypto firm’s imminent exit from the European Union (EU) region.

Amid this development, USDT’s market cap has slumped by $2 billion. Tether’s CEO, Pablo Ardoino, has addressed the FUD, stating that competitors are just trying to make market participants believe things that don’t exist.

In a recent X post, Arduino stated that the paid shill armies that have kept attacking Tether for years are the same that keep attacking Bitcoin to promote some alternative “useless tech.” He added that Bitcoin and Tether are standing in their way but stated that they are unstoppable together.

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MicroStrategy has announced another Bitcoin purchase, bringing its total BTC holdings to 446,400. This is the company’s eighth Bitcoin acquisition in as many weeks.

MicroStrategy Acquires 2,138 BTC For $209 Million

In a press release, MicroStrategy announced that it had acquired 2,138 BTC for $209 million at an average price of $97,837 per bitcoin. The company has also achieved a BTC yield of 47.8% quarter-to-date (QTD) and 74.1% year-to-date (YTD).

The software company now holds 446,400 BTC, which it acquired for $27.9 billion at an average price of $62,428 per bitcoin. This is the company’s eighth purchase in as many weeks.

Last week, MicroStrategy acquired 5,262 BTC for $516 million. This Bitcoin purchase streak extends way back to the start of November when it began by acquiring billions of BTC.

The software company remains the public company with the largest Bitcoin holdings and isn’t showing any signs of relinquishing that crown anytime soon. Instead, it is reportedly set to hold a shareholders meeting in order to vote on buying more BTC.

Meanwhile, MicroStrategy’s stock failed to react to this recent Bitcoin purchase. Nasdaq data shows that the MSTR stock price is down over 4% and is currently trading at around $315.

However, the stock is still up since the year, partly thanks to the software company’s exposure to Bitcoin. MarketWatch data shows that the stock is up over 400% YTD.

Peter Schiff Criticizes Michael Saylor And His Company

In an X post, renowned economist Peter Schiff criticized Michael Saylor and MicroStrategy on their recent Bitcoin purchase. He stated that they have announced a smaller purchase at an average price that is above the current Bitcoin price.

The economist added that the company is no longer buying enough Bitcoin to keep the price rising. Schiff had previously spoken against MicroStrategy, predicting that the MSTR stock would eventually crash.

Schiff is a known Bitcoin critic, which could explain why he is also speaking against MicroStartegy’s BTC Strategy. Interestingly, he recently proposed that the US create a ‘USA Coin’ instead of proceeding with the proposed Strategic Bitcoin Reserve.

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