🚀 Bitcoin Surpasses 100,000 $ Again
Welcome to the Daily Tribune of Thursday, January 16, 2025 ☕️
Happy New Year to Cointribu! 🚀
Today is Thursday, January 16, 2025, and as every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you shouldn’t miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Sunny ☀️
24h crypto recap! ⏱
📈 Whales Propel XRP to New Heights
XRP is experiencing a new spectacular rise, driven by the actions of "whales" and speculation on an imminent ETF. Since November 2024, major holders, owning between 1 and 10 million tokens, have accumulated 1.43 billion XRP, increasing their holdings by 37.4%, or 3.8 billion dollars. The current price of 2.83 $ represents a record since 2018, and analysts anticipate a possible explosion beyond 3 $.
Furthermore, institutions like JPMorgan assess an investment potential reaching 8 billion dollars through ETPs linked to XRP. Meanwhile, Ripple continues its tussle with the SEC, even if a more favorable political environment for crypto could play in its favor. A potential spot ETF could propel XRP among the stars of the altcoin market.
🎮 Sony Revolutionizes the Industry with Its Soneium Blockchain
Sony is making a major advancement in blockchain by launching Soneium, a Layer 2 platform based on Ethereum, designed to simplify access to Web3 technology. After a successful testing phase with 14 million users and 47 million transactions, Soneium offers innovative tools for creators and their fans, including NFTs and an incubation program, Soneium Spark, which has already selected 32 projects from 1,700 applications.
With USDC as the main token and a focus on protecting creators' rights, Sony aims to transform the entertainment industry. By establishing a bridge between Web2 and Web3, the company is betting on mass adoption and equitable value distribution between creators and users, thus redefining industry standards.
🗳️ Crypto and Trump’s Election: A Limited Influence According to Gary Gensler
Gary Gensler, outgoing chairman of the SEC, states that crypto did not play a decisive role in Donald Trump’s re-election in 2024. Although funds from the crypto industry supported certain candidates, economic issues like inflation dominated voters' concerns. Under Gensler's leadership, the SEC carried out rigorous actions against crypto giants like Ripple, Coinbase, and Binance, but this did not significantly influence the vote.
With the upcoming appointment of Paul Atkins, perceived as more favorable to crypto, a potential change in cryptocurrency regulation in the United States might be on the horizon. This transition could offer a clearer and encouraging approach for the industry, although uncertainty persists regarding Trump's intentions toward the sector.
🚀 Bitcoin Passes 100,715 $ Thanks to Speculation on Trump’s Policies
Bitcoin reached a historic peak of 100,715 $ before falling back to 99,700 $, marking a psychological and strategic turning point for investors. This price surge is set against a backdrop of speculation about the potential pro-crypto policies of the future Trump administration, although no concrete measures have been announced yet. Neighboring cryptos, such as XRP and XLM, also recorded respective gains of 10 % and 12 %, while VIRTUAL skyrocketed with a 30 % increase.
Institutions have been heavily accumulating for a year, laying the groundwork for this historic movement. Observers are scrutinizing upcoming decisions that could solidify the current momentum and open a new era for digital assets.
Crypto of the Day: Algorand (ALGO)
Algorand is a blockchain that stands out for its unique consensus mechanism, Pure Proof-of-Stake (PPoS), offering speed, security, and sustainability. It aims to eliminate traditional blockchain barriers, particularly by reducing fees and optimizing scalability, making it ideal for businesses and governments.
The native crypto, ALGO, is used to secure the network, validate transactions, and reward participants. Initially distributed via a public sale, it offers holders benefits such as automatic staking and reduced transaction fees. ALGO can be used to develop decentralized applications, DeFi projects, or to execute smart contracts.
Recent Performance
Current Price: 0.4532 €
24h Variation: +15.92 %
Market Capitalization: 3.78 billion €
Rank on CoinMarketCap: 46
Bitcoin Towards 249,000 $: Prospective Analysis for 2025
Analysts estimate that Bitcoin could reach between 145,000 $ and 249,000 $ by 2025, supported by an influx of capital estimated at 520 billion dollars. This projection relies on solid data from CryptoQuant and highlights a historical correlation between the increase in invested capital and appreciation of the price of the cryptocurrency. The expected bullish momentum also stems from the gradual recovery of markets, favored by growing institutional interest in Bitcoin.
U.S. policy plays a crucial role in these forecasts. With the upcoming inauguration of Donald Trump, markets expect measures favoring blockchain innovation and clearer crypto regulation. Analysts like Filbfilb compare the current situation to a "beach ball underwater" and suggest that Bitcoin's potential is hindered by macroeconomic constraints. If these constraints are lifted, a price explosion could occur, amplified by rumors of a pro-crypto political environment.
Finally, experts like Samson Mow anticipate extreme volatility, with daily movements of 10,000 $ or more, potentially leading to massive increases. Although some mention projections reaching a million dollars, caution remains advisable. This period represents an opportunity for investors to strengthen their positions as the fundamentals of Bitcoin and its institutional adoption continue to solidify.