Kentucky becomes the 16th US ๐บ๐ธ state to introduce a Bitcoin reserve bill, allowing up to 10% of state reserves to be allocated into digital assets like #Bitcoin.
๐จ BREAKING: THE SEC MET YESTERDAY WITH ACTING CHAIRMAN MARK UYEDA TO DISCUSS HOW TO HELP AMERICAN COMPANIES SUCCEED! ๐บ๐ธ RIPPLE = AMERICAN COMPANY THE TIME FOR #XRP TO SHINE HAS FINALLY COME! ๐๐ผ
Vanek expects Solana price to reach $520 by the end of 2025
American investment firm VanEck has forecasted that Solanaโs price will reach $520 by the end of 2025, a significant increase from its current trading value. VanEck used an autoregressive forecasting model to estimate that Solanaโs market cap will reach around $250 billion, based on around 486 million tokens in circulation. This price target implies a 165% increase from the current price of $195.5.
Cryptocurrencies continue to collapse, and Bitcoin is at this level
Bitcoin price dropped at the end of the US session, and Bitcoin is now trading at $95,932.7, down -0.92% in the last 24 hours. The market cap is now $1.90 trillion, according to Investing. Bitcoin remains the most dominant with a market share of 60.6%, followed by Ethereum with a market share of 10.4%. Based on todayโs closing price, Bitcoin has fallen -5.58% in the last seven days, while the most popular altcoin, Ethereum, has also fallen -21% in the last seven days.
Analysts' Forecast: Ethereum ETH on an Upward Path Despite Sharp Declines
Ethereum (ETH) had one of its most volatile sessions in history on Monday, dropping more than 30% in less than 24 hours amid market panic over U.S. trade war fears, before recovering slightly on news of trade talks with Canada and Mexico. However, the price has failed to reclaim the $3,000 level despite repeated attempts. This has raised many concerns among investors. However, analysts believe that the altcoin may be on the verge of a positive turn soon.
Cardano Price Rebound Could Cost Traders Millions of Dollars in Losses
Cardano price failed to sustain any meaningful recovery, invalidating the previously expected bullish pattern. Although the sold-off conditions indicate a potential reversal, ADA remains under pressure. Market conditions suggest that an immediate recovery is uncertain, with sellers continuing to dominate. Investors remain cautious as Cardano struggles to reclaim key resistance levels.
Dogecoin (DOGE) Price Struggles to Gain Momentum as Trading Volume Drops 36%
Dogecoin price DOGEUSD didnโt show much movement in the past 24 hours, down around 3%. Volume dropped 36% to $1.65 billion despite Neptune Digital Assets buying 370,000 Dogecoin. The price has been stuck below $0.33 for almost a week, struggling to gain upward momentum. Technical indicators continue to show a bearish setup, with the Ichimoku cloud and EMA lines reinforcing the downside risks. Unless Dogecoin can break key resistance levels, the trend remains weak, leaving room for further declines.
Watchdog Group Defends US Regulatorsโ Approach to Cryptocurrency Firms
A Wall Street watchdog group is challenging the narrative presented at a House Financial Services Committee (HSFC) hearing on claims that cryptocurrencies have been โunder the microscopeโ by some financial regulators. In a statement released ahead of the HSFCโs Subcommittee on Oversight and Investigationsโ February 6 hearing, Sheena Olesiuk, Better Marketsโ director of banking policy, criticized the narrative being promoted by some lawmakers and crypto industry leaders about allegations that the U.S. government is trying to shut out crypto companies in what is known as โOperation Choke Point 2.0.โ
Public Citizen Claims Trump's Digital Currency May Violate Federal Law
The American consumer advocacy group Public Citizen has filed a complaint with the Department of Justice (DOJ) and the Office of Government Ethics (OGE), demanding an investigation into whether President Donald Trumpโs official digital currency may violate federal laws prohibiting the president from soliciting gifts. The complaint raised concerns that foreign government entities could anonymously purchase the digital currency, which could be seen as a gift to the president.
Bitcoin price dropped at the end of the US session, and Bitcoin is now trading at $96,582.4, down -0.36% in the last 24 hours. The market cap is now $1.91 trillion, according to Investing. Bitcoin remains the most dominant with a market share of 60.4%, followed by Ethereum with a market share of 10.5%. It is worth noting that based on todayโs closing price, Bitcoin has fallen by -8.18% in the last seven days, while the most popular altcoin, Ethereum, has also fallen by -16.89% in the last seven days.
Republican Leaders Form Working Group to Develop Regulatory Framework for Cryptocurrencies
Republican leaders from key committees in the House and Senate announced the formation of a working group dedicated to developing legislation for a comprehensive framework for digital assets and stablecoins in the United States. The bipartisan initiative includes members of the House Financial Services Committee, the House Agriculture Committee, the Senate Banking Committee, and the Senate Agriculture Committee.
Bitcoin Price Volatility Hits All-Time Low; Stablecoin Transactions Surpass Visa
ARK Investโs โBig Ideas 2025โ report reveals significant achievements in the digital asset space. In 2024, Bitcoinโs annual volatility fell to a record low, with one-year annual volatility falling below 50%, compared to 80% in 2022 and over 100% in 2018. This drop in volatility was accompanied by a remarkable return of 122.2% for Bitcoin in the same year.
Malware in App Stores Targets Cryptocurrency Wallets, Kaspersky Warns
Cybersecurity company Kaspersky Labs has warned of malicious software development kits (SDKs) in apps on Google Play and App Store that scan users' photos to find and steal cryptocurrency wallet recovery phrases. According to CoinTelegraph, the malware, known as SparkCat, uses optical character recognition (OCR) technology to search for specific keywords in images in different languages, allowing cybercriminals to access cryptocurrency wallets and steal funds from them.
ZackXBT Reveals $65 Million Stolen From Coinbase Users Due To Complex Scams!
Cryptocurrency investigator Zach XBT has revealed disturbing details about a massive scam targeting Coinbase users, confirming that at least $65 million was stolen from user accounts between December 2024 and January 2025 alone. Zach noted that the actual number could be much higher if supporting tickets and police reports that were not included in the investigation were counted.
Trump's Cryptocurrency Makes Nearly $100 Million in Trading Fees
The institutions responsible for the โTrumpโ cryptocurrency have made huge gains from trading fees, since its launch on January 17th and until the 30th of this month, despite the losses incurred by small investors, according to a report prepared by three companies specializing in the digital assets sector. The report revealed that trading operations for the US president's digital currency, which belongs to the category of "meme coins", have achieved profits ranging between $86 million and $100 million in trading fees since its launch about two weeks ago.
Trump's son advises owning this digital currency.. More market manipulation?
Ether rebounded from its recent flash crash on Tuesday, tracking a broader uptrend in risk-based assets after U.S. President Donald Trump postponed planned trade tariffs on Canada and Mexico. The world's second-largest cryptocurrency also received a boost from comments from Eric Trump - Donald Trump's son and a key figure in his business empire - who said it was a "great time to add ether."
XRP Up 13%, But Low Demand Suggests Gains May Be Short-lived
XRP price has surged 13% in the past 24 hours, rebounding alongside the broader crypto market after a few days of decline. The rebound comes as major cryptocurrencies, which had fallen to multi-month lows, recover from recent losses, providing a temporary boost for investors.
Robert Kiyosaki: Bitcoin Drop Is a Buying Opportunity as Markets Turmoil
Financial writer and investor Robert Kiyosaki urges investors to seize the opportunity as Bitcoin (BTCUSD) drops after US President Donald Trump imposes new tariffs. Bitcoin's recent drop has caused massive liquidations across the cryptocurrency market, signaling a new historic collapse. Robert Kiyosaki Urges Investors to Buy Bitcoin Now
Utah Leads Race to Create Bitcoin Reserve, Committee Approves Bill
A Utah House committee took a major step by voting 8-1 in favor of a bill that would allow the state to invest in Bitcoin and other cryptocurrencies. If it becomes law, Utah could become the first U.S. state to create a Bitcoin reserve. Satoshi Action Fund CEO Dennis Porter expressed confidence in an interview with U.S. Senator Cynthia Lummis shared on February 2, asserting that Utah has a โvery good chanceโ of becoming the first state to achieve the feat. Porter cited the stateโs short 45-day legislative window and strong political momentum as key factors contributing to this potential outcome. The interview, which took place on January 21, highlighted the urgency of the decision-making process in the Utah Legislature.
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