BTC price weakness has an instant impact on RSI, which crashed to “oversold” levels not seen since early October. Source link
Day: January 8, 2025
US Fed money printing could spur Bitcoin rally in Q1 2025 — Hayes
The incoming Trump administration’s crypto regulations and the US Federal Reserve’s monetary policy path remain the biggest factors influencing Bitcoin’s price trajectory. Source link
How Hyperliquid’s insanely lucrative airdrop launch changed the game
Hyperliquid airdropped 28% of its HYPE token supply to early users. The airdrop is now worth more than $7 billion, making it the most valuable in history. Source link
Why is the crypto market down today?
The crypto market dropped after Bitcoin immediately turned away from the $100,000 level following strong US economic data reports. Source link
'Trump dump' risks pulling Bitcoin price down to $88K
Bitcoin fails to rebound after a $5,000 drop in a single day, with a BTC price retest of $88,000 now “highly probable.” Source link
Art gallery argues NFT holders can’t sue it due to ‘market decline’
Eden Gallery argued that a class group of NFT buyers “may have buyers’ remorse, but their losses, if any, are due to market forces.” Source link
Ether could hit $12K on Trump pump, Pectra update: Derive researcher
Ethereum’s Pectra upgrade, a pro-crypto US president, broader adoption and increased ETF uptake could push Ether to hit $12,000 this year, says a crypto researcher. Source link
Bitfinex Derivatives to move to El Salvador after securing local crypto license
Bitfinex Derivates says its decision to relocate to El Salvador will help turn the country into a “financial services center” for Latin America. Source link
Solana (SOL) Falls Under $200: Temporary Setback or Trend Shift?
Solana failed to clear the $225 resistance and trimmed gains. SOL price is now below $200 and showing a few bearish signs. SOL price started a fresh decline after it failed to stay above $220 against the US Dollar. The price is now trading below $200 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $204 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $205 zone.…
Nvidia debuts desktop AI super chip but shares drop with wider market slump
Nvidia boss Jensen Huang unveiled the chipmaker’s latest AI supercomputer, which it plans to start selling in May for $3,000. Source link