Jan 16
Jan 15
β‘οΈπ Litecoin has decoupled from other altcoins, jumping +16.1% in market cap in just the past 11 hours. Just as we saw in early December, the key driver appears to be whales and sharks holding at least 10K+ $LTC. They have accumulated 250K coins since Jan. 9th. π
π Two US-themed bullish news stories have hit crypto today, causing Bitcoin to rise as high as $99.7K and altcoins to surge:
πΊπΈ Donald Trump has announced that his upcoming presidency is planning for immediate friendlier SEC rules, clearer token guidelines, and less legal restrictions following his inauguration next week.
π· US inflation reports show cooling inflation and more optimism of further Fed rate cuts, which would immediately favor crypto growth. Though the hawkish FOMC meeting last month contributed to a cryptocurrency top, traders are hoping that this slightly changes their decisions on slowing rate cuts in 2025.
πΊ We were thrilled to take part in an in-depth discussion about the state of crypto with the Bybit team. Enjoy the full chat, where we touch on everything from Trump's inauguration, to AI, to meme coins, to real world assets!
π₯³ With crypto coming to life again on Tuesday, commentary across social media reveals positive sentiment forming toward Solana, Dogecoin, and Cardano.
π€ Meanwhile, things are much more polarized for top 3 assets Bitcoin, Ethereum, and XRP.
Jan 14
π£οΈ The top trending tokens in crypto Tuesday are XRP and Ethereum, as traders show significant interest toward top caps during the rebounds:
πͺ 1) XRP Ledger $XRP: Increased optimism over the asset's potential use in banking and financial transactions, highlighting its efficiency, low transaction costs, and role as a bridge currency for cross-border payments. There are predictions of significant price increases and market cap growth, as well as speculation surrounding potential ETF approvals that could lead to substantial investments in XRP.
πͺ 2) Ethereum $ETH: Significant excitement over the launch of Soneium, an Ethereum Layer 2 blockchain developed by Sony. There are multiple transactions involving significant amounts of ETH, highlighting active trading and investment throughout the Ethereum ecosystem.
π³π XRP investors are pleased to see the #3 market cap asset reach $2.69 today for the first time since December 17, 2024. This is being supported by continued enormous accumulation from wallets holding 1M-10M XRP, who own over 37% more coins than they did 2 months ago (approximately $3.8B in XRP added since their accumulation began on November 12, 2024.
π£οΈ The top trending topics in crypto are heavily revolving around Bitcoin's temporary drop to under $90K and Trump's inauguration next week. Regarding the former, the fact that '$90K' was being spammed across social media was a great fear signal that would foreshadow a bounce.