Bitcoin Nears $100K, HashKey’s Bold Predictions, XRP Hits 7-Year High

DAILY MARKET OVERVIEW

Latest CPI Data Impact

👋 Hey Crypto Enthusiasts! Bitcoin is teasing the $100K mark as inflation climbs, HashKey Group makes jaw-dropping predictions for 2025, and XRP is riding high. Let’s break it down.

Bitcoin Smashes $99K as Inflation Rises to 2.9% 📈

Bitcoin is on fire this week, surging to $99,000 following the release of December’s Consumer Price Index (CPI), which showed inflation ticking up to 2.9% year-over-year. The fresh data has reignited hopes for Federal Reserve rate cuts later this year, sending Bitcoin, Ethereum, and Solana higher.

This isn’t Bitcoin’s first attempt at breaking six figures. It peaked at $108,000 last month, but inflation fears and a robust economy have kept it from holding those highs. Investors are now eyeing the Fed’s next move later this month, with some speculating that rate cuts could give crypto markets the boost they need to smash through resistance.

HashKey Predicts Bitcoin to Break $300K in 2025 🔮

Hong Kong-based HashKey Group dropped some jaw-dropping predictions this week, calling for Bitcoin to soar past $300,000 and Ethereum to exceed $8,000 by 2025. They’re also betting the total crypto market cap will hit an eye-popping $10 trillion.

Key drivers of this growth, according to HashKey:

• A potential U.S. Bitcoin Strategic Reserve, cementing BTC as digital gold.

• The stablecoin market cap surging past $300 billion as demand for compliant, asset-backed stablecoins skyrockets.

• A wave of new crypto ETFs, including approvals for XRP and Solana ETFs, which could pull billions into the market.

HashKey’s CEO, Dr. Xiao Feng, calls 2025 the start of the “Golden Decade of Web3,” thanks to accelerating innovation and growing institutional adoption.

XRP Hits $2.99 as Meme Coins Take Off Again 🚀

XRP is stealing the show, surging to a 7-year high of $2.99, The rally comes amid growing optimism about potential XRP ETF approvals, which analysts believe could attract billions in new investment.

But it’s not just XRP - meme coins on the XRP Ledger are exploding again. The standout performer, ARMY, hit a market cap of $107 million pushing trading volumes to new highs.

This resurgence follows a December fee reduction on the XRP Ledger, which made it cheaper and easier for developers to launch new tokens.

What’s next? Bitcoin is inching closer to $100K again, and all eyes are on the Fed’s next move. With inflation still above the 2% target, January’s FOMC meeting & core PCE data could shape the trajectory for rate cuts, or lack thereof. Meanwhile, the crypto community is excited about the possibility of XRP and Solana ETFs, which could inject fresh momentum into the market.

As always, stay sharp, stay informed, and invest responsibly. Catch you next week with more updates! 🚀

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SOCIAL SENTIMENT

Altcoins Recovering

With the positive market reaction to the CPI data, altcoins are rebounding at a rapid pace. Projects such as XRP, AAVE, and Griffain are showing immense strength and are expected to perform extremely well this cycle.

Boosting sentiment around ETH is none other than the new president, who reportedly swapped close to $10 million worth of BTC into ETH before sending his entire $35 million ETH stack to Coinbase for custody. This move is incredibly bullish for ETH.

Looking ahead to 2025, some major catalysts could propel ETH’s price even higher. Chief among them is the long-awaited Pectra upgrade, scheduled for early 2025 - though the ETH Foundation is known for occasional delays. Another key development is the potential introduction of ETH staking ETFs, which would allow people to earn APR on ETH held within these funds, a very bullish scenario for mainstream adoption.

Overall sentiment is turning increasingly bullish as we head into February, with projects like XRP and ETH gaining significant attention. If this momentum continues, it could be an exciting year for crypto enthusiasts.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

Stablecoins Dominate Illicit Crypto Transactions in 2024
Chainalysis revealed that 63% of illicit crypto transactions in 2024 involved stablecoins, as crypto crime volumes hit $51.3 billion.

Thailand Proposes Ban on Polymarket
Thailand's cybercrime unit plans to ban Polymarket, labeling it illegal online gambling amid growing concerns over crypto misuse.

SEC Delays Decision on Bitwise ETF Conversion
The SEC postponed its decision on Bitwise’s proposed crypto index fund ETF conversion, extending the deadline to March 3 for further review.

NFT Market Faces Worst Year Since 2020
NFT trading volumes dropped 19% in 2024 to $13.7 billion, marking the sector’s most challenging year in terms of sales and activity.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Lark Davis - Crypto Holders You Have 5 Days … (15.01.2025 Summary)

Lark Davis believes the cryptocurrency market is about to enter a major turning point in five days, when a new administration and a new SEC head take office in the United States. He expects a more pro-crypto environment that could weaken the dollar and potentially drive up Bitcoin’s price. He jokes that Trump might tie his ego to Bitcoin’s value, hoping for policies like allowing US banks to directly custody and sell Bitcoin. In his view, that could trigger a powerful price surge, even to the point of talking about numbers as high as 250000 dollars per Bitcoin someday.

He also discusses current market movements. He notes that, after recent dips, Bitcoin has rebounded and is trading above key indicators like the 20-day and 50-day EMAs. However, he remains cautious. He points out that Bitcoin remains in a downtrend until it can break back over $100,000 dollars or even $102,000 dollars. At the same time, large amounts of fresh capital continue to show interest in crypto, especially with the possibility of more spot ETF approvals for altcoins like XRP and Solana.

Lark is keeping a close eye on inflation reports. He highlights that recent producer price index data came in cooler than expected, and he is waiting to see how consumer price index numbers will follow. If inflation prints come in lower, he believes the market might rally. On the other hand, any surprise on the upside could slow down crypto’s momentum.

With so much happening in macroeconomics and crypto regulation, Lark expects continued volatility, but he remains optimistic that the right political and financial conditions could spark a significant crypto surge in the near future.

Benjamin Cowen - Bitcoin Sweeps The Range Low (15.01.2025 Summary)

Benjamin Cowen explains that Bitcoin has recently touched its range low around 90k and bounced off it. In his view, this kind of movement is not unusual. Throughout the current market cycle, Bitcoin has set lows, rallied to higher levels without enough demand to push it further, and then returned to sweep previous lows before attempting a new climb. He highlights many past examples where Bitcoin formed a low, went up, and then dropped back to the same area before bouncing again.

He is paying special attention to whether Bitcoin can overcome a lower high near 100k. If it breaks through that level, he believes the market might see further upside. However, if it fails to break 100k and falls below 90k for an extended period, he thinks it could follow a path where Bitcoin slowly grinds down to test even lower levels. Cowen sees the ten-year yield as a major factor. If yields keep rising, it may create a headwind for Bitcoin and increase the possibility of a deeper pullback.

He also mentions seasonality. In the past, January has been a time when Bitcoin corrects before eventually bouncing higher. He recalls January 2017, when a meaningful drop ended by mid-January and Bitcoin spent the next several weeks climbing until March. Another example was January 2021, although not every year follows the exact same pattern.

Cowen believes that as long as Bitcoin remains above 90k, it will favor a healthier uptrend. He compares this moment to times in the past when sweeping a low led to decent rebounds. Ultimately, he sees 100k as the next critical barrier. Breaking that level would signal greater strength in Bitcoin, while failing to do so might leave the door open for more downside.

CRYPTO MEMES

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