The Bitcoin network has experienced a surge in activity as $903 million worth of Bitcoin was transferred in the past 24 hours. This development coincided with the 16th anniversary of Bitcoin’s first-ever mention on Twitter, a pivotal moment in cryptocurrency history.

Blockchain trackers have identified a series of large transactions involving unknown wallets and major exchanges, raising questions about the motive behind these significant transfers.

$903 Million in Bitcoin Moves Across Wallets and Exchanges

According to the data from the blockchain analytics service Whale Alert, there have been 10 large Bitcoin transactions in the last 24 hours with the total transaction amount of about 903 million BTC. The transfers primarily involved changing between addresses of unknown entities and  cryptocurrency exchanges like Kraken, Binance and Robinhood.

Among the largest ones, there were 620 BTC for $58.4 million, 888 BTC for $83.8 million, and 1,027 BTC for $96.7 million sent from Kraken to various unknown wallets. Also, 1,164 BTC or $109,700,000 was transferred between the wallets with unknown owners, and Robinhood sent 600 BTC or $56,800,000 to another unknown wallet.

There was also much action on Binance as 999 BTC valued at $93.6 million was transferred from an unknown wallet. The same pattern continued with 1,881 BTC worth $176.5 million being sent to Kraken from other anonymous wallets. These movements have raised questions into whether the activity is related to sales, purchases or over the counter transactions.

Potential Reasons Behind Bitcoin Transfers

The cause of such a significant volatility of BTC  price remains unknown, but there are several hypotheses. Transfers to exchanges like Kraken and Binance are usually a signal of the sellers while withdrawals to unidentified addresses could be a signal of accumulation.

OTC trading can also be another possible reason because it enables buyers and sellers to transact large volumes of crypto without necessarily affecting the general market. Due to the fact that some of the wallets can be anonymous, it is difficult to establish the exact final intent for these transactions.

Others have suggested that this could be due to some form of market positioning or potential future market event or institutional reallocation of assets. Nevertheless, without more information, the motives for these transfers are uncertain.

BTC Marks 16th Anniversary of $0 Value Tweet

The timing of these transactions coincides with Bitcoin’s 16th anniversary of its first-ever public mention. On January 11, 2009, Hal Finney, one of Bitcoin’s earliest supporters, tweeted, “Running Bitcoin.”

This marked the cryptocurrency’s debut on social media and has since become a historic milestone in its journey from obscurity to global recognition.

At the time, Bitcoin price was at $0, as adoption and utility were still in their infancy. Since then, Bitcoin’s price has risen dramatically, currently trading at $94,306. Although it remains far from Hal Finney’s long-term prediction of $10 million per coin, its progress continues to inspire confidence among investors.

Bitcoin Price Rally Looming? 

At present, Bitcoin’s price is trading slightly below its recent all-time high (ATH) of $108,268, reached in December 2024. Despite this, analysts believe that the market remains in a bullish phase. 

On-chain data from Glassnode indicates that Bitcoin’s long-term holders are still in profit, with no significant loss-making among this group.

As Bitcoin remains just over $94,000, some traders anticipate further price volatility in the near term. A correction to around $91,000 has been suggested as part of an Elliott Wave price analysis, but some forecasts predict that Bitcoin could reach as high as $210,000 before mid-February 2025.

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The price of Fantom (FTM) is in the spotlight as its newly rebranded protocol, the Sonic Chain, unveiled a new milestone. Over the past 24 hours, FTM price has rebounded and has now crossed the $0.7 resistance level per current market data. Drawing on the Sonic hype, this current Fantom rebound might usher in more uptick soon.

The Sonic Chain Milestone and Ecosystem Trend

According to Sonic Chain’s update, it has reached the $100 million Total Value Locked (TVL) milestone. The protocol recorded this milestone in less than 6 weeks since the Sonic Genesis block went live. 

$100 Million TVL. pic.twitter.com/UKICYqrv0k

— Sonic Labs (@SonicLabs) January 11, 2025

While this milestone is significant, it is not the first for the protocol. Per an earlier update from coinpress, Sonic Chain breached the 1 million block milestone about 3 weeks after it launched.

The total value locked is a metric that depicts the cumulative amount of capital resident on the blockchain. Since its inception, Sonic Labs, the previous Fantom, has released some Decentralized Applications (DApps) on the protocol.

An Ethereum bridge went live in late December 2024 to chart a strong foundation for the network. 

Implication for Fantom Price

While the Sonic Chain has its native token, S, most of the advances within its ecosystem impact Fantom’s price the most. 

When writing, the coin changed hands for $0.7206, up by 2.82% in the past 24 hours. Amid the drawdown of the past week, the price of FTM jumped from a low of $0.6929 to a high of $0.7296 before resting at its current level.

Fantom had a rocky year in 2024, with a combined growth of 71%. This 52-week growth rate pales compared to its core rivals like Solana (SOL), which has jumped 90%. 

Meanwhile, Sonic Labs seeks to change the future for Fantom through the new chain. With better speed, connectivity, and a robust ecosystem, the expectation is that FTM may breach the $1 mark in the short term.

The Altcoin Season Advantage

Amid the push for relevance in the broader blockchain ecosystem, Sonic Chain and Fantom may benefit from the price surge the expected altcoin season might usher in soon.

In a recent update, Santiment data shows HODLer count growth for Ethereum, Dogecoin, and other top altcoins. This metric shows a broader market confidence for these chains, a trend that may impact Fantom if it persists.

In addition, the incoming Donald Trump administration is poised to benefit altcoins, considering the President-elect’s family is pro-DeFi.

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ETF Store President Nate Geraci has shared his top ten crypto exchange-traded fund ecosystem predictions, with XRP and Solana in the spotlight. Like many industry experts, Nate Geraci believes a major shift is coming to the ecosystem this year. 

XRP and Solana ETF Prospect In 2025

According to Nate Geraci, spot XRP and Solana ETF products will gain approval this year. As reported earlier by coinpress, asset manager VanEck filed the first Solana ETF product in the US in June 2024. Since then, the US Securities and Exchange Commission (SEC) has welcomed other SOL ETF applications from Grayscale, Canary Capital, and 21Shares.

While the Solana products are still under review, Canary Capital filed for XRP ETF in October 2023. This filing changed the crypto ETF outlook and inspired other asset managers to join the trend.

While there is no definitive update from the US SEC, the confidence for approval remains high. The change in the US SEC leadership is a major catalyst many are citing will drive the approval. President-elect Donald Trump has nominated Paul Atkins as US SEC Chair in the coming administration. 

Atkins is expected to redirect the SEC from its strict approach to crypto under Gary Gensler. Like other industry experts, Geraci believes 2025 will see the launch of Solana and XRP ETF products.

The Nate Geraci Crypto ETF Predictions

The ETF Store President shared 10 predictions on what to expect in the crypto ETF space. He believes spot Bitcoin ETFs will surpass the physical gold ETFs in assets under management. After one year of launch, several Bitcoin ETF milestones are now on record.

The Bitcoin ETF products topped $150 billion Assets Under Management (AUM), a feat that took gold 20 years to achieve. Beyond the approval forecast for Solana and XRP ETF, Geraci also believes the U.S. SEC will approve Ethereum ETF staking this year.

My 10 crypto-related ETF predictions for 2025…https://t.co/uDj1OCkaVQ pic.twitter.com/ye3zA2sinV

— Nate Geraci (@NateGeraci) January 11, 2025

Meanwhile, he narrowed the predictions to include specific ETF filings from Grayscale and Bitwise, predicting approvals for both. He predicted that Vanguard would shift its stance and support crypto ETF trading.

Donald Trump to Change the Tides

President-elect Donald Trump will take office officially on January 20, creating a new era for the industry. Beyond Paul Atkins, Trump also named a Crypto and AI Czar, David Sacks, to help coordinate policies from the White House. As reported by coinpress, one of Sacks’ first tasks is to organize an inaugural crypto ball next week.

As predicted by many experts, these trends will help fuel a robust shift in crypto regulation and enforcement. In addition to the Solana and XRP ETF approvals, price boosts are expected for both.

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Jeremie Davinci, a cryptocurrency influencer and one of the earliest adopters of Bitcoin, has recently shared a prediction about the future price of the leading crypto. According to Davinci, Bitcoin price could soar to $350,000, though he did not specify a timeline for this forecast. His analysis is grounded in BTC’s historical performance and its correlation with mining costs.

Bitcoin Price May Soar to $350K, Says Early Adopter Jeremie Davinci

In a recent post on X (formerly Twitter), Jeremie Davinci outlined his perspective on Bitcoin’s potential price trajectory. He emphasized the correlation between the cost of mining one Bitcoin and its eventual market value. According to Davinci, Bitcoin has historically demonstrated an ability to surpass its mining cost by a factor of five during bull market cycles.

Currently, the estimated cost to mine one Bitcoin stands at $70,000, considering the expenses incurred by miners using advanced equipment and low-cost energy sources. Based on this metric, Davinci speculated that Bitcoin could eventually reach $350,000 if past trends hold. He highlighted the immense potential of Bitcoin, referring to its unique properties as a digital asset that combines scarcity and utility.

Davinci refrained from providing a specific timeline for his forecast, focusing instead on the factors that influence Bitcoin price. He emphasized that his projection relies on historical patterns rather than short-term speculation.

Moreover, this prediction comes amid the rising dominance of institutions buying Bitcoin, with $100 billion worth of BTC accumulated by giants like BlackRock, MicroStrategy, and Fidelity. Their aggressive buying signals confidence in Bitcoin’s long-term growth potential.

Mining Costs and BTC Correlation Explained

Jeremie Davinci’s prediction stems from the close relationship between Bitcoin’s mining cost and its price in the market. Mining costs are determined by the resources required to validate transactions and secure the blockchain, including electricity and specialized equipment. As these costs rise, they often set a baseline for Bitcoin price.

Historically, Bitcoin price has outperformed its mining costs during bullish periods. For example, in previous cycles, Bitcoin surged to valuations above the breakeven cost for miners. Davinci pointed out that this trend demonstrates the economic incentives embedded in the cryptocurrency’s design.

The dynamics of Bitcoin’s supply play a critical role in shaping its price trends. After the most recent halving event in April 2024, the block reward for miners was reduced to 3.125 BTC. Halving events, which occur every four years, are designed to reduce the rate at which new Bitcoin is created, ultimately capping the total supply at 21 million coins.

With nearly 20 million Bitcoins already mined, the remaining supply is limited, adding to the asset’s scarcity. Historically, Bitcoin price has often experienced upward momentum following BTC halving events due to reduced supply pressure.

Market Sentiment Amid Price Movements

While Jeremie Davinci’s forecast paints an optimistic picture, Bitcoin’s recent market performance has exhibited volatility. Earlier this week, Bitcoin dropped below $96,000 after reaching $102,000, prompting varied reactions from market participants. Renowned investor Robert Kiyosaki celebrated the dip, calling it an opportunity for accumulation at a discounted price.

More so, analysts have also supported the “buy the dip” narrative, leveraging historical trends and current market signals. CryptoQuant’s Spent Output Profit Ratio (SOPR) indicator, which is currently at 0.987, highlights that short-term Bitcoin holders are selling at a loss. Historically, such scenarios have often preceded a market rebound. 

According to CryptoQuant analyst MAC.D, the pain experienced by these short-term investors typically marks an opportune moment for accumulation.

At the time of writing, Bitcoin is trading at approximately $94,100, showing resilience despite short-term corrections. 

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The digital currency ecosystem is experiencing a rebound today, with the price of Ethereum (ETH) in the spotlight. Over the past 24 hours, the combined crypto market cap has jumped by a marginal 0.22% to $3.3 trillion. As the second-largest coin, the prospect of ETH price sustaining the uptrend and reclaiming the $4,000 mark remains up for speculation.

Ethereum Price: Product of Changing Metrics

Per current market data, Ethereum is up 2.2% in 24 hours to $3,267.90. Within this period, the coin moved from a low of $3,219.69 to a high of $3,319. Despite this uptick, some core Ethereum metrics, including the trading volume, are currently down. This metric, which determines the current ecosystem liquidity, is down by 57.57% to $13.25 billion.

Beyond the volume, the Ethereum price reacted opposite to the whale transaction figures. Per data from IntoTheBlock, whales have shuffled just 1.96 million ETH overnight, worth $6.37 billion.

For reference, Dogecoin, with a lower market capitalization, has a $23.35 billion record in whale transactions in the same period.

While an earlier ETH price analysis hinted at the likelihood of reclaiming a new all-time high (ATH), these bearish onchain metrics suggest others.

Prospect of ETH Price to $4,000

Ethereum has failed several attempts to reclaim the $4,000 resistance level since it dropped from here on December 17.

The ETH/USDT 4H Chart shows a slowing volatility. The selloff of the past few days saw its Relative Strength Index (RSI) fall to 42, almost to the oversold level. With the Moving Average Convergence Divergence indicator (MACD) line just crossing above the signal line, a trend shift is likely underway.

The close squeeze of the Bollinger Bands already proves that the volatility of Ethereum’s price has been reduced. Should the core metrics dictated by retail traders turn positive, this minor price gain might help send ETH to new levels.

As reported earlier by coinpress, the number of ETH Hodlers has grown Year-to-Date (YTD) per Santiment data. This implies many believe in the long-term prospect of the coin, which may further fuel price rebound.

Ambitious ETH Forecast Ahead

There are some reasons to stay optimistic about the price of Ethereum. First, the Pectra upgrade is advancing, and it is projected to launch later in Q1. Besides, developers have lined up the Fusaka Upgrade after Pectra, showing a steady push to make the protocol functional.

This ecosystem enhancement has prompted asset managers like Bitwise to predict a $7,000 price target for the coin. While a $4000 rebound in January might be a big feat, expectations of bigger growth for the year remain high.

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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.

The post Analyst Predicts 200% Surge For FLOKI Price But This Must Happen First appeared first on coinpress.

Bitget token (BGB) price shot up by 12% in the last 24 hours reclaiming its spot in the top twenty crypto-list despite the broader crypto market in a downtrend. Since the beginning of 2025, BGB has resumed its upward trajectory gaining nearly 20% over the past week even in this market volatility with surging trading volume showing investor confidence.

Will the Bitget Token Price Rally Continue?

The Bitget token witnessed a parabolic rally soon after Donald Trump’s election victory in early November, registering nearly 8x gains in less than two months time. However, after dropping to $5 support levels, the Bitget token price has been on an upward trajectory since the beginning of 2025.

A Closer Look Into BGB Price Chart

With today’s surge, the Bitget token has given a strong breakout above the crucial resistance of $6.72. More importantly, this breakout comes with a 101% surge in daily trading volume at $739 million which suggests that the rally will continue for some more time.

Prior to this breakout, BGB successfully surpassed a descending trendline resistance at the $6.30 level on the technical chart. Historically, such trendline breakouts have triggered significant rallies in BGB, often propelling the token to new all-time highs.

If this pattern holds, BGB could target its previous all-time high of $8.50, with another 20% gains from the current price of $7.25.

Technical Indicators In Focus

Moreover, other technical indicators for Bitget tokens like MACD (Moving Average Convergence Divergence) are showing bullish momentum as the MACD line crosses above the signal line hinting at a continued upward price action.

On the other hand, the Relative Strength Index (RSI) is currently at 75.2 suggesting strong buying momentum. Although it is approaching the overbought territory, it suggests that the buyers are still in control.

Key Factors Behind the BGB Rally

Apart from the technical breakout for the Bitget token price, there are some fundamental contributing to the BGB rally. First and foremost is the Bitget exchange securing approval from El Salvador’s Central Reserve Bank to function as a licensed Bitcoin Service Provider. It would allow it to enable fiat-to-Bitcoin exchange services as well as BTC custody offerings. Besides, Bitget Wallet also introduced AI Agent trading zone recently with the growing AI hype globally. This is also likely to contribute to its ongoing positive momentum.

Another reason that supported the rally was the 800 million BGB token burn which reduced the supply by 40%. The exchange has pledged to conduct regular quarterly burns, reducing supply and enhancing the token’s value through increased scarcity.

Furthermore, the exchange announced that it will merge the Bitget wallet token (BWB) with the BGC token thereby creating a unified token experience in the ecosystem. More recently, crypto exchange Bitget has revealed the cross-chain integration of its native token, Bitget Token (BGB), onto the Morph Chain, enhancing its utility and accessibility across the blockchain ecosystem.

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Shiba Inu (SHIB) and Dogecoin (DOGE) investors may need to exercise caution as they may face a rough ride ahead as both cryptocurrencies show signs of significant price corrections. Shiba Inu recently dropped by 10% in the past week, while Dogecoin saw a 14% drop in the same period. Whale activity and a shift in investor sentiment are factors that may cause further declines. The fading hype and lack of fundamental strength could spell trouble for these popular meme coins in the near future.

Whale Activity and Market Sentiment Impacting Shiba Inu and Dogecoin

The influence of whales on the meme coin market cannot be overstated. Shiba Inu and Dogecoin have both seen significant movements driven by whale activities, often causing price fluctuations. Recently, Dogecoin whales have been dumping $219 million of DOGE.

This sell-off has contributed to the token’s decline and may trigger a chain reaction as smaller retail investors often follow the actions of large holders. With Dogecoin’s price showing weakness, this could spell trouble for the token if the trend continues.

Similarly, Shiba Inu is also experiencing heightened volatility, with its price swinging wildly over the past week. This has raised concerns that retail investors are engaging in speculative trading, rather than making long-term investments based on solid fundamentals.

The sell-offs by whales, combined with the lack of clear market drivers, could lead to a further erosion of investor confidence in both of these tokens. As the market sentiment shifts from optimism to caution, both meme coins may face challenges sustaining their price levels, which could eventually lead to significant corrections.

The Fading Hype and Fundamental Weaknesses Meme Tokens

Shiba Inu and Dogecoin have thrived on the back of community-driven hype and speculative trading rather than real-world utility. Over the years, both tokens have built massive followings, fueled by social media buzz and endorsements from celebrities like Elon Musk. However, as the novelty of meme coins begins to fade, these assets face growing difficulties in maintaining their value.

Shiba Inu has been increasingly viewed as a speculative asset, driven more by trading activity than by any fundamental development or application. Despite efforts such as the Shib token burn mechanism, the overwhelming selling pressure has continued to weigh on SHIB’s price. Besides, the SHIB token burns also plunged recently, which has weighed on the investors’ sentiment.

Similarly, Dogecoin, while holding a strong position in the top meme coin space, has no real technological advancements to justify its market value. As the crypto market matures, investors may shift their focus to more utility-driven cryptocurrencies. This could lead to price corrections as the market begins to reassess the value of these coins.

However, despite that, some market experts remained bullish on the long-term trajectory of the coins. For context, the phenomenal gains in the assets’ prices over the years have attracted many investors towards the segment. If the momentum continues, the coins may emerge as the leading players shrugging off the bearish trends.

Price Context and Technical Indicators for SHIB and DOGE Token

Both SHIB and DOGE were showing concerning signs in their price charts. Dogecoin price was currently trading at $0.3346, up by 2.09% in the last 24 hours. Notably, the token has experienced a notable 14% drop over the past week and 20% in the last month. With a market cap of $49 billion and trading volume of $2.62 billion.

On the other hand, Shiba Inu price was trading at $0.00002167, showing a slight 2.14% increase in the last 24 hours. However, SHIB has experienced a significant 10% drop over the past week and 24% in the last month. The current market cap for Shiba Inu was $12.93 billion, with a trading volume of $490 million.

The post Why Shiba Inu And Dogecoin Meme Coins May Crash Ahead? appeared first on coinpress.

The Shiba Inu community has burned a significant number of SHIB tokens in the last 7 days. The objective is to bring down the circulating supply to create scarcity and spike SHIB prices by leveraging the concept of demand supply. It is anticipated that prices of the second-ranked meme coin in terms of market cap will rebound in the coming days.

Shiba Inu Community Burns 87 Million SHIB

In the past week, the Shiba Inu community has burned as many as 87,175,135 SHIB tokens. This translates to 87.17 million tokens in the last 7 days with an increase of 52.74% in burn rate. The X post by Shibburn has further highlighted that the burn rate is down by 90.17% in the last 24 hours. A core objective here is to control the circulating supply of the meme coin to mark upticks in the prices. SHIB’s circulating supply now stands at 589.25 trillion.

As per an early report, Shib burn rate had declined by 72% in a single day. Thereby, triggering speculation over its impact on the price.

Effect on SHIB Price

SHIB prices, so far, have reacted positively to this development by marking an uptick of 1.33% over the last 24 hours. However, SHIB price remain significantly down by 9.52% in the last 7 days and 23.63% in the last 1 month. The 24-hour trading volume has also taken a hit of 10.29% while Open Interest has gained 31.32% of value. Overall sentiments towards SHIB are bearish with an FGI of 69 points and volatility of around 10.09%.

Removing tokens from circulating supply has worked in the past and Bitcoin is a prime example of it. BTC prices are now hovering above $90,000 months after Bitcoin Halving which happened in April 2024. Therefore, the Shiba Inu community is optimistic that the prices of its SHIB holdings will eventually navigate a way for a bull run.

What’s Next for the Shiba Inu Community?

Two factors are at play for the Shiba Inu community, namely drawing speculation for future SHIB prices and experiencing the launch of the TREAT token. SHIB prices, according to Coincodex, may grow by almost 0.52% to touch the value of $0.00002216 in the next 30 days. The nearest speculation is extremely bullish with a growth of 105.39% in the picture. It is important to note that the crypto market is highly volatile and price movements could go North or South at any moment.

Finally, the launch of the TREAT token is scheduled to happen on January 14, 2025. This has been teased as a revolutionary endeavor for the Shiba Inu ecosystem across the world.

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A crypto trader turned $458K into $4.9M in just two weeks with Swarms, an AI-powered meme coin on Solana. The investment grew nearly 10x, showcasing the rapid rise of Solana-based meme coins. Backed by SwarmShield, which offers military-grade encryption and secure communications, the AI token has gained significant attention in the crypto market. However, the swarms token dropped by 25% in the last 24 hours despite its recent surge.

Crypto Trader Makes $4.9M Profit in With Swarms Token

On January 11, Lookonchain revealed that a crypto trader turned a $458K investment into $4.9M in just two weeks by trading swarms. As per Solscan data, the trader initially bought 20 million tokens for $458K. Recently, they sold 5 million for 7,232 SOL, valued at $1.35M, while still holding 15 million tokens worth $4.02M.

Swarms powers SwarmShield, a platform providing military-grade encryption, secure communication management, and auditing for swarm-based multi-agent systems. These advanced features have driven significant interest in AI meme coins, setting them apart from other meme coins. The crypto trader’s profit highlights the growing appeal of innovative tokens combining technology with meme culture, attracting high-profile traders.

Crypto Whale Profit Reflects Growing Interest in Solana Meme Coins

The massive profit of the crypto trader highlights the growing interest in top Solana meme coins like swarms. These coins have received much attention as part of the wider boom of the Solana ecosystem. While the network grows, the increase in meme coin popularity is boosting investor sentiment and boosting Solana market trading activity.

Moreover, a crypto whale holding the AI16Z token recently started buying swarms and invested $12.8K when its market cap stood at $336M. This reflects the rising popularity of AI-powered meme coins within the Solana ecosystem. With SwarmShield’s robust capabilities and increasing market traction, this AI coin has become a standout performer, fueling interest among traders looking to capitalize on Solana’s thriving meme coin market.

A $ai16z whale just bought $12.80K of $swarms at $336.71M MC

— Whale Watch (@whalewatchalert) January 10, 2025

Solana Ecosystem and SOL Price

SOL price was trading at $186, down approximately 3% in the last 24 hours. The token’s 24-hour low and high are $183 and $193, respectively, with a market cap of $90 billion and a trading volume of $3.4 billion. The overall growth of the Solana network reflects the increasing interest in the ecosystem, including meme coins.

However, Swarms price dropped by 25% in the last 24 hours to $0.267 despite the crypto trader’s massive profit. The crypto’s market cap stood at $265 million and trading volume was $212 million. Despite this, the token has surged by 40% in the past week and 70% in the last month.

Solana meme coins are gaining traction, with exponential growth in some tokens over the past month. coinpress reported that crypto whales are making big bets on coins like WIF and POPCAT, further signaling the rise of Solana’s meme coin trend. This continued interest in meme coins within the Solana ecosystem suggests that the momentum will persist, attracting more investors and traders to the network.

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In the latest XRP news, the whales have caught the eyes of investors with their recent massive transactions. According to recent reports, large investors have purchased about 1 billion coins recently, highlighting their strong confidence in the crypto. Amid this, a top expert has revealed key price levels to watch for Ripple’s native crypto ahead, which has also caught the investors’ eyes.

XRP News: Ripple Whales Making Big Move

The Ripple whales are once again on their buying spree, as evidenced by the recent reports. This XRP news has further cemented bets towards a potential rally in the crypto’s price in the coming days. So, here we take a close look at the latest developments in the market.

Whales Accumulate 1 Billion Coins

In a recent X post, top market analyst Ali Martinez has shed light on the accumulation trend of the large investors or whales. According to his social media post, Ripple whales have purchased 1 billion XRP coins in only about two days, showcasing their robust interest in the coin.

Meanwhile, this development also had an impact on the crypto’s price, as evidenced by its recent performance. However, this massive accumulation trend also comes after Ripple Labs recently moved 300 million XRP to an unknown wallet, valued at around $682 million, which has fueled market speculations.

How’s XRP Price Performing?

XRP price today was up around 4% and exchanged hands at $2.39, while its trading volume rose 10% to $5.6 billion. Notably, the crypto hovered between $2.43 and $2.26 in the last 24 hours, reflecting the impact of the Ripple whales buying on the price. Further, the asset’s Futures Open Interest rose 8% to $4.6 billion, CoinGlass data showed.

Notably, here we explore the key levels to watch for the crypto, as highlighted by a top market expert.

Key Levels To Watch For Ripple’s Native Crypto

In a recent analysis shared on the X platform, prominent expert Dark Defender has shared key levels to watch soon for XRP. Besides, he also hinted towards a potential “upside break-out” for the crypto soon. According to the post, the analyst said that the key targets for XRP stand at $2.40, $2.86, $4.55, and $5.85.

Having said that, it is expected that the crypto might rally to around $6 in the coming days. For a potential move towards the south, the support levels for the crypto are at $2.23 and $2.13, the analyst noted.

In a separate X post, Dark Defender has compared XRP’s surge to Ethereum. He noted that after September 24, “XRP has appreciated three times more than Ether.” Comparing the price surges, he said that XRP will soon flip the later in the “3rd wave we are in.”

The post XRP News: Ripple Whales Buy 1B Coins, Here’s The Key Levels To Watch appeared first on coinpress.

The US non-farm payroll data (NFP) data showed that the US economy added greater than expected jobs last month in December 2024. This has dwindled the chances of a Fed rate cut coming in March this year, which could further delay the chances of a BTC price rally to $200K this year.

Fed Rate Cuts Delayed To June 2025

Following December’s employment data, top market analysts stated that the stronger-than-expected jobs market is likely to have stick inflation going ahead which would prevent the Fed from announcing rate cuts soon.

The U.S. economy added 256,000 jobs in December, surpassing expectations of 164,000. On the other hand, the unemployment rate dropped to 4.1%, better than the projected 4.2%.

Goldman Sachs economists, led by Jan Hatzius, now anticipate Fed rate cuts in June and December 2025, as well as June 2026. This revises their earlier forecast of cuts in March, June, and September while maintaining their projection for a terminal rate of 3.5%-3.75%. According to a new report, Bank of America economists led by Aditya Bhave wrote:

“After a very strong December jobs report, we think the cutting cycle is over. The conversation should move to hikes”.

Economists Andrew Hollenhorst and Veronica Clark at Citigroup stated in a note that they are “not overly concerned about scenarios where the Fed refrains from cutting rates this year”. They added:

While employment “is holding up better than we had expected, price and wage inflation are both cooling and should have officials comfortable cutting even in a still-strong economy”.

BTC Price Recovery to See Delays?

Following the all-time highs in December last month, the Bitcoin price has continued to stay under selling pressure slipping under $95,000 levels. However, with the Fed rate cuts, analysts are concerned that it could further delay BTC price recovery from here amid the absence of fresh liquidity.

However, Bill Barhydt, founder of Abra Global, has forecasted the return of quantitative easing (QE) and looser bank balance sheet policies as necessary measures to address the 30-year U.S. Treasury bubble. In a statement, Barhydt asserted that upcoming Federal Reserve rate cuts alone will not be sufficient to tackle the issue.

“QE is coming. Fed rate reductions will not prick the 30-year Treasury bubble. Only QE and looser bank balance sheet policies will do that. Buckle up,” he said.

Furthermore, Wall Street analysts are confident of a Bitcoin price recovery along with the expansion of the global M2 money supply. With Donald Trump’s inauguration just 10 days from now, the crypto industry is also hoping for the Trump effect to kick in.

Bitcoin Chop Won’t Last Long

Crypto analyst IncomeSharks has suggested that Bitcoin’s current consolidation phase may be shorter and more bullish compared to previous cycles. “Just be lucky we don’t have to chop for 7 months this time,” the analyst noted. However, the analyst noted that the current 2 to 3 months of consolidation could lead to capitulation for many investors.

Despite this, IncomeSharks described the ongoing market movement as a “more bullish consolidation pattern than before,” signaling potential optimism for Bitcoin’s trajectory in the coming months.

The post Fed Rate Cuts Not Coming Before June 2025, BTC Price Rally Delayed? appeared first on coinpress.

Spot Bitcoin ETFs, a year after their approval, remain the talking point of the town. However, the outflow recorded on the last day of this week is causing worry. That marked the second outflow day with BlackRock’s IBIT leading the pack with a massive amount of outbound movement.

US Bitcoin ETF Records Outflow

This week ends with an outflow from US Bitcoin ETF according to a report by Farside Investors. The total outward movement stands at $149.4 million with BlackRock’s IBIT leading the pack. The issuer of the US Crypto ETF noted $183.6 million worth of outflows to its name followed by Bitwise’s BITB at $1.6 million.

Several issuers didn’t report their numbers but others did show positive sentiments. This includes Fidelity’s FBTC, Ark’s ARKB, and Grayscale’s GBTC. Their flows were $16.6 million, $5.7 million, and $13.5 million, applicable in the same order. It remains to be seen if interest in Spot Bitcoin ETFs will change in the coming days, or maintain a similar momentum till Donald Trump takes the US Presidential office.

Effect on BTC Price

The significant outflows from the US Bitcoin ETF have had little impact on the BTC price today. The flagship cryptocurrency has been down slightly by 0.18% in the last 24 hours but has traded in green for most of the hours. The price has also been down by 4.03% and 6.40% in the last 7 days and 1 month, respectively, potentially demonstrating a correction after it achieved the milestone of $100,000. The market cap of Bitcoin tokens has plunged by 0.26% and the 24-hour trading volume has taken a hit of 10.13%. Open Interest is down by 0.95% amid the volatility of approximately 3.62%.

A few factors show that the BTC rally will eventually get back to mark upticks. Dips in the prices of Bitcoin tokens are being looked at as a chance to accumulate more BTC at a discounted price. Another factor includes the nomination of Paul Atkins as the SEC Chair to replace Gary Gensler who is preparing to step down when Donald Trump assumes the office.

Besides, the latest US job data also appears to have encouraged investments which would fuel a rally for Bitcoin and altcoins in the coming days. What’s still a concern is the size of the rate cut which is anticipated to be 25 bps in the next FOMC.

What’s Happening to Spot Ether ETF?

Amid the Bitcoin ETF outflux, it is worth noting that the sentiment of outward movement is mutually shared with Spot Ether ETF except, it’s Fidelity’s FBTC leading the chart. The issuer recorded an outflow worth $65.4 million on January 10, 2025, as no data from BlackRock made its way to the surface. The only other issuer that reported its number was Bitwise’s ETHW which was $3.1 million.

Total outflows stood at $68.5 million taking the historical cumulative inflow to $2,456.3 million. Spot Ether ETFs, too, marked the second day of outflows after January 08, 2025, when the negative flow was $159.4 million.

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The newly appointed AI and Crypto Czar David Sacks will host the inaugural Crypto Ball with several industry leaders in attendance next week. As Donald Trump takes charge as President on January 20, the crypto industry has high hopes from Sacks with expectations of more crypto-friendly policies.

Crypto Ball to Have Exclusive VIP Reception With David Sacks

Next Friday, BTC Inc. along with Stand With Crypto will host the inaugural Crypto Ball event featuring a VIP reception hosted by MAGA Inc., a Trump-aligned super PAC. AI and Crypto Czar David Sacks will be leading the event, reported Fox Business’ crypto journalist Eleanor Terret.

A Closer Look Into The Development

Citing sources familiar with the matter, Terret also stated that President-elect Donald Trump won’t be attending the event. The tickets for the exclusive VIP reception are currently priced at $100,000 each.

For those seeking a premium experience, a $1 million package is also available, which includes four reception tickets and a single ticket to a future dinner with President Trump. With the Inaugural Crypto Ball event, crypto industry leaders are likely to assert more influence in Washington DC.

The Trump administration is likely to be the most overtly pro-crypto in history, with plans to implement industry-friendly policies. This also includes a comprehensive overhaul of financial regulations to address the sector’s key priorities.

Crypto Czar David Sacks In Focus

The role of crypto czar David Sacks would be crucial in crypto-policy framing as he will serve as the bridge between the Trump administration and the crypto industry. Market analysts believe that he would play a crucial role in removing excessive regulations and bringing conducive policies for the crypto industry to function in sync with the traditional financial industry.

This would also pave the way for building a strategic US Bitcoin reserve. Besides, the anticipation over the reserve is also soaring as Paul Atkins is also scheduled to succeed the current US SEC Chair Gary Gensler later these months. These are among the top crypto events for January alongside Donald Trump’s inauguration.

Industry Leaders Extend Support

Some of the top crypto industry firms like MicroStrategy, Coinbase, MetaMask, Metaplanet, and Galaxy Digital, have joined as sponsors of the Crypto Ball event. Bitcoin miner Marathon Digital recently joined the list of sponsors for the event. Chairman and CEO of MARA Holdings, Fred Thiel stated:

“Bitcoin represents the future and America is primed to lead the charge, empowering a new era of economic growth, national security, and freedom. MARA is proud to sponsor the Inaugural Crypto Ball in Washington DC, hosted by David Sacks and David Bailley”.

The industry will be watching the first major crypto event directly in association with the lawmakers from the White House. This would help to fast-track crypto policies and help in realizing Trump’s dream of making America the crypto capital of the world.

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Paul Grewal, Chief Legal Officer (CLO) of Coinbase, raised concerns regarding the Federal Deposit Insurance Corporation’s (FDIC) handling of Freedom of Information Act (FOIA) requests. Grewal’s remarks came after Coinbase encountered redacted and incomplete responses from the FDIC, which raised questions about the agency’s transparency.

Coinbase CLO Paul Grewal Calls Out FDIC

In a series of posts on X, Coinbase CLO Paul Grewal has outlined concerns about the FDIC’s process in responding to FOIA requests. He claimed that the FDIC did not perform full-text searches in its Regional Automated Document Distribution (RADD) database. In addition, the agency reportedly denied the requests for documents that were stored in collaboration tools like Microsoft Teams, thus restricting the range of the disclosed data.

Coinbase CLO Paul Grewal also pointed to specific guidelines in the FDIC’s instructions that required setting some documents as deliberative or attorney-client privileged, which he argues was done to avoid sharing them. Additionally, Coinbase found that at least 150 documents that are potentially related to the case were not included in the FOIA replies provided by the FDIC. Grewal pointed out these loopholes as a cause of concern in the agency’s accountability.

The FDIC representatives answered saying,

“Considering the increase in the scope of your requests, we shall need time to deliberate on your communication and provide our response.”

Concerns About FDIC’s Use of “Pause Letters”

The controversy includes the FDIC’s use of “pause letters” sent to banks, urging them to halt services to cryptocurrency clients. Coinbase alleges these letters were later redacted heavily under FOIA Exemption 8, which protects sensitive financial regulatory matters. 

Paul Grewal claims the exemption was misused to hide information that was not initially considered confidential.

The letters allegedly focused on issues like cryptocurrency lending, stablecoins and blockchain based payment systems. Coinbase Chief Legal Officer Paul Grewal noted that such actions posed legal risks for compliant crypto businesses since banks were not provided with explanations for the restrictions.

Operation Choke Point 2.0 Allegations Resurface

This has brought back the conversation about the ‘Operation Choke Point 2.0’ which was a term used to explain the claims of regulators to deny banking services to cryptocurrency companies. The critics have ascribed the FDIC and other regulators to covertly forcing the banks to shy away from processing crypto transactions using the cover of compliance.

The letters, which were written in 2022 and 2023, showed that the FDIC instructed the banks to cease services on different cryptocurrency products but had not given further instructions afterwards. Critics have claimed that this has slowed down innovation and prevented the expansion of financial services within the crypto industry.

Similarly, some of the comments made by Coinbase CLO Paul Grewal have elicited reactions from other legal and political personalities such as Senator John E. Deaton. Deaton called for more supervision, and noted that the danger of officials discretionarily cutting off access to financial networks cannot be overlooked.

The Coinbase CLO also pointed out that the FDIC should answer clearly as the information disclosed should be made public to ensure that all industries are treated equally, including the cryptocurrency industry.

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Crypto prices today remained steady, with Bitcoin (BTC) trading near $94K and Ethereum (ETH) holding firm after the release of U.S. jobs data. The global crypto market cap saw a slight increase of 1%, reaching $3.29 trillion, despite a 7% drop in trading volume to $144 billion. Grayscale, a leading crypto asset management firm, boosted market sentiment by revealing plans to consider 39 cryptocurrencies, including popular altcoins like Dogecoin (DOGE), BNB, Hedera (HBAR), Kaspa (KAS), and Aptos (APT).

Among major altcoins, Bitcoin SV (BSV) emerged as the top gainer, recording a 15% rise in the last 24 hours, highlighting strong performance in an otherwise stable market.

Crypto Prices Today: BTC Crosses $94K, XRP Gains Over 2%

Crypto prices today showed stability as Bitcoin (BTC) rebounded past $94K after making a low of $92K. Ripple’s XRP recorded a notable gain of over 2%, contributing to the overall market’s positive momentum. Meme coins also followed the BTC trend. Dogecoin (DOGE) and Shiba Inu (SHIB) both gained over 2% in the last 24 hours, reflecting renewed interest in the altcoin market.

Bitcoin Price Today

Bitcoin price today was trading at $94,203, up by 1% at the time of writing. The 24-hour low and high for BTC stood at $92,235 and $95,755, respectively.

As per Farside Investors data, Bitcoin ETFs recorded an outflow of $149 million. The major outflow was because BlackRock sold $183 million in ETF. Fidelity led the purchases with an investment of $16.6 million, while Grayscale added $13.5 million to its BTC ETF holdings.

Ethereum Price Today

Ethereum price today was trading at $3,234. The 24-hour low and high for ETH stood at $3,196 and $3,321, respectively.

ETH ETFs saw an outflow of $68 million, with Fidelity offloading $65 million. Fidelity has been consistently selling ETH ETFs for the last three days. Meanwhile, BlackRock’s data on ETH ETFs is still awaited, keeping investors watchful.

XRP Price Today

XRP price today was trading at $2.33, recording a 2.7% gain over the last 24 hours. The 24-hour low and high for XRP stood at $2.256 and $2.364, respectively.

According to a report by coinpress, data insights from Santiment revealed that the number of HODLers for XRP and other cryptocurrencies has grown during the early days of this new year.

Solana Price Today

Solana price was down by 1.5% in the last 24 hours, trading at $186. The 24-hour low and high for SOL stood at $183 and $192, respectively.

Top Cryptocurrency Gainer Prices Today

As per crypto prices today, here are the top 5 crypto gainers over the last 24 hours:

Bitcoin SV (BSV)

Price: $59.56
24-hour gain: +15%

IOTA (IOTA)

Price: $0.335
24-hour gain: +10%

Fantom (FTM)

Price: $0.699
24-hour gain: +8%

Algorand (ALGO)

Price: $0.364
24-hour gain: +6.5%

Bitget Token (BGB)

Price: $6.82
24-hour gain: +6%

Top Cryptocurrency Loser Prices Today

As per crypto prices today, here are the top 5 crypto losers over the last 24 hours:

ai16z (AI16Z)

Price: $1.33
24-hour loss: -13%

Virtual Protocols (VIRTUAL)

Price: $0.98
24-hour loss: -8%

SPX6900 (SPX6900)

Price: $1.10
24-hour loss: -6.87%

Hyperliquid (HYPE)

Price: $20.14
24-hour loss: -6%

Ethena (ENA)

Price: $0.8851
24-hour loss: -5.15%

Meme Crypto Prices Today

As per crypto prices today, meme coins have mirrored Bitcoin’s price movement. The top meme coin, Dogecoin (DOGE), rose by 2.3% and is currently trading at $0.3324. Shiba Inu (SHIB) also saw a 1% increase, trading at $0.0000215. Grayscale has recently considered DOGE, HBAR, and other cryptocurrencies for future investment products which shows bullish behaviour in the these altcoins.

Other notable meme coins, including PEPE, PENGU, and WIF, experienced declines of 1 to 2% in the last 24 hours.

Additionally, the hourly chart shows a slight bearish trend, with BTC down by 0.2% in the last hour. Major altcoins followed suit, showing bearish behavior. However, Bitcoin SV (BSV) stood out, gaining 1% in the past hour.

The post Crypto Prices Today: Bitcoin (BTC) and ETH Maintain Stability Following US Jobs Data appeared first on coinpress.

A Meta shareholder has submitted a proposal urging the company to assess the potential benefits of incorporating Bitcoin into its treasury. The proposal highlights Bitcoin’s historical growth and its potential as an inflation-resistant asset compared to traditional cash and bonds.

Meta Shareholder Board to Consider Bitcoin Treasury?

As per the proposal, by the end of the year 2024, that is, by December 30, the price of Bitcoin had increased by 124% in a year which was even better than the average performance of bonds.

In the last five years, the price of Bitcoin has risen by 1,265%, while bonds have been a distant second with an average return difference of 1,245%. Amid this announcement, Bitcoin price has seen a recovery with the price swaying between an intra-day high and low of $95,770 and $92,250, respectively.

The submission also points out that cash and cash equivalents (which account for $72 billion out of $256 billion of Meta’s total assets as of September 30, 2024) are vulnerable to depreciation owing to inflation. It posits that integrating a part of these cash reserves with Bitcoin may be a way of preserving shareholder value even with the known volatility of Bitcoin.

Bitcoin Adoption Among Corporations and Institutions

The proposal emphasizes the transition of Bitcoin from an investment or a payment method to a treasury asset for companies and institutions. MicroStrategy, a business that acquired Bitcoin early on, claimed that its equity rose by 17,000% through using BTC in its balance sheeting strategy. Likewise, Square (now Block) was 2.5 times better than the Nasdaq index and 12 times better than Meta’s performance.

Moreover, BlackRock, the second biggest Meta’s institutional investor, has introduced a Bitcoin ETF that turned into the most popular ETF in history. BlackRock has also come out in public stating that 2% of investment in Bitcoin is a good approach towards investing for the future.

The Meta shareholder’s proposal is that an allocation of this kind for Meta’s treasury could demonstrate progressive financial stewardship and be consistent with other leading companies.

Support from Meta Leadership and Industry Trends

According to the proposal, Meta’s leadership and its stakeholders have displayed interest in Bitcoin and its ecosystem. Meta’s founder, Mark Zuckerberg, and its board member Marc Andreessen who is also a member of Coinbase’s board has previously supported blockchain and cryptocurrencies. 

The shareholder argues that Meta shareholders should receive treasury management strategies that are similar to the sophisticated financial management strategies that most probably, some of Meta’s directors and executives have used.

The submission also mentions several companies and governments considering Bitcoin or already implementing it in the treasuries. For example, a bill was recently submitted to the New Hampshire legislature, which provides for the ability of the state treasury to hold Bitcoin as a reserve asset together with precious metals such as gold and silver. 

In the same way, public firms such as Heritage Distilling Holding Company and Genius Group Ltd have also embraced Bitcoin where Genius Group Ltd for instance purchased $5 million worth of bitcoins as part of its Bitcoin-first strategy.

Request for Assessment and Fiduciary Duty

The proposal calls on Meta’s board to perform an assessment to find out if it would be in the best interest of shareholders to include Bitcoin in Meta’s reserve. Thus, it postulates that as a fiduciary duty, the board should consider investments that can yield a return higher than cash and bonds, even if these investments are associated with higher risks.

Meta has always been known as a technology leader and a pioneer of new approaches to business. The Meta shareholder argues that this will strengthen this reputation by making Meta as one fo the first corporations to embrace Bitcoin. The request is more of a proposition but does not require a particular action, which focuses on the need to evaluate the possibility of using Bitcoin as a strategic asset.

Concurrently, John Deaton, a pro crypto lawyer has pointed out that Microsoft shareholders recently rejected the idea of investing in Bitcoin after a similar motion was made. Deaton further explained that Meta shareholders might find themselves in a similar situation but pointed out that companies that are waiting for future legislation that supports Bitcoin adoption such as the State Bitcoin Reserve (SBR) provisions in the Lummis Bill might view BTC as an acquisition of strategic importance.

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Heritage Distilling Holding Company, listed on the Nasdaq under the ticker CASK, has officially announced its Bitcoin Treasury Policy Statement. The company intends to incorporate Bitcoin into its operations by accepting it as payment and holding it as a strategic asset. This initiative positions the craft distiller as an early adopter of cryptocurrency within the craft spirits industry.

Heritage Distilling Adopts Bitcoin Strategy for Treasury and E-Commerce

In a recent press statement, Heritage Distilling outlined plans to integrate Bitcoin into its business model. The company will accept Bitcoin as payment through its direct-to-consumer e-commerce platform, enabling customers to purchase craft spirits using cryptocurrency. This move reflects a broader trend of businesses leveraging digital assets for seamless payment options.

Heritage Distilling also plans to hold Bitcoin as part of its corporate treasury strategy. The company believes this strategy enhances its financial flexibility and broadens its consumer base.

Notably, the growing adoption of Bitcoin strategy among institutional players has raised a lot of buzz in the cryptocurrency market. Most recently, CryptoQuant CEO Ki Young Ju revealed the only scenario in which MicroStrategy’s Bitcoin Strategy could lead to bankruptcy. According to him, the company, which holds $46 billion in BTC against $7 billion in debt, faces a liquidation threshold if Bitcoin’s price drops to $16,500—a situation he deems highly improbable.

Strategic Cushion Against Bitcoin Volatility

Heritage Distilling emphasized its ability to mitigate potential risks associated with Bitcoin price volatility. As a producer of consumer goods, the company benefits from a margin between the cost of production and the retail price of its products. This margin is a cushion allowing the company to absorb fluctuations in Bitcoin price without impacting its stability.

The company’s leadership noted that the recent updates to financial accounting standards simplify how public companies report Bitcoin holdings. This change makes it easier for businesses like Heritage Distilling to incorporate Bitcoin into their operations without accounting challenges.

Leadership and Governance Behind the Initiative

Heritage Distilling’s Board of Directors has established a Technology and Cryptocurrency Committee to oversee the development and implementation of its Bitcoin Strategy. Chaired by Matt Swann, a leader in technology and digital payments, the committee is tasked with crafting a formal Bitcoin Treasury Policy for board approval.

According to CEO Justin Stiefel, this initiative positions Heritage Distilling as an innovator in the craft spirits industry. The company aims to attract new customers, including Bitcoin users, while leveraging the potential growth of Bitcoin as an asset. 

 Justin Stiefel commented,

“Heritage has always been an innovator and once again we are leading the way in the craft spirits space as we prepare to accept Bitcoin as a form of payment for online e-commerce sales and to acquire and hold Bitcoin as an asset.”

Meanwhile, another notable Bitcoin adopter, Genius Group, has boosted its Bitcoin Treasury by $5 million, bringing its total holdings to $35 million. The AI-powered education firm remains committed to its “Bitcoin-first” strategy. It leverages crypto-backed loans to fund reserves and integrate blockchain into its educational platforms.

The company most recently boosted its Bitcoin Treasury by $10 million, bringing its holdings to 319.4 BTC at an average cost of $93,919 per BTC.

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As the price of Bitcoin (BTC) continues to fluctuate below the $100,000 price mark, altcoins like Ethereum (ETH), Dogecoin (DOGE), Cardano (ADA), and XRP are also in the spotlight. According to data insight from Santiment, the number of HODLers for these altcoins has fluctuated thus far this new year. The crypto analytics platform hinted at the implication of the HODLer count within each protocol’s ecosystem.

The Ethereum and XRP Standout

Santiment profiled six digital currencies, including the aforementioned Bitcoin and Chainlink. While Chainlink underperformed with 3,300 drops in hodler wallets, Ethereum and XRP stood out.

The shared data showed that Ethereum had recorded a 645,000 uptick in its hodler wallets. This figure underscores its dominance as the top altcoin among retail investors. XRP followed closely with a total hodler wallet recording a 58,000 count since the start of the year.

Ranking as the only meme cryptocurrency profiled by Santiment, Dogecoin has seen a 29,000 jump in investors holding it for the long term. Cardano scored the lowest figure, with just 2,800 wallets committing to long-term growth.

As 2025 has kicked off with roller coastering prices for crypto’s top assets, the amount of hodlers have fluctuated wildly since the new year:

Bitcoin $BTC: +102K Wallets
Ethereum $ETH: +645K Wallets
XRP Ledger $XRP: +58K Wallets
Cardano $ADA: +2.8K Wallets… pic.twitter.com/W07x43GgW4

— Santiment (@santimentfeed) January 10, 2025

It is worth noting that the term ‘HODLer’ denotes token holders with plans to hold their assets in the long term.  As the data provider hinted, when the hodler count grows, investors or the community will be comfortable with the project. This can aid ecosystem stability and long-term token growth. 

The opposite is true when the hodler count drops as investors focus on Fear, Uncertainty, and Doubt (FUD).

Ecosystem Projects and Dogecoin Advantage

Despite the ongoing bull cycle, fluctuations have shown how volatile and uncertain the market is. As reported earlier by coinpress, ETH price lost 9% of its value in under 24 hours, a trend visible in other altcoins.

Amid this uncertainty, investors focus on crypto developer activity, and other utilities focus beyond price. While Ethereum developers are working on the Pectra Upgrade, Ripple Labs launched RLUSD stablecoin to boost XRP liquidity.

Input Output Global developers are also working on perfecting the Cardano community governance. In all, Dogecoin might take more of the spotlight in the altcoin market in the long term.

This is based on the Elon Musk-led Department of Government Efficiency (D.O.G.E), which might fuel DOGE popularity. These ecosystem trends might explain why more users are betting on the altcoin’s long-term prospects.

ETH and DOGE Predictions for 2025

Amid the fluctuations of the past few weeks, experts believe the altcoin season is still ahead. Galaxy Research said the DOGE price will top $1 this year in its projections. The Mike Novogratz-associated firm tied this forecast to the D.O.G.E ties around the coin.

Top experts also believe this year holds something big for Ethereum. Bitwise predicted that Ethereum would hit a new all-time high this year, and the asset manager said it is possible for Ethereum to reach $7,000 by the end of the year.

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