Features Crypto News by Thebittimes.Com

Cryptocurrency trader and analyst Ali Martinez is predicting a triple-digit rally for XRP as he offers his insight on two other altcoins. Martinez tells his 113,700 followers on the social media platform X that XRP could skyrocket by 200% from the current level. Citing on-chain data, the trader says that the third-largest crypto asset by market cap is currently experiencing heavy demand. “On-chain data reveals that whales have been heavily accumulating XRP. In the last week alone, they’ve purchased over 1.10 billion XRP. This buying pressure is building momentum. XRP has broken out of a bull pennant, a classic bullish pattern. If the buying pressure continues, it could help propel XRP to $10.” XRP is trading at $3.33 at time of writing, a few cents below the all-time high of $3.40 reached seven years ago. Next up is Solana (SOL). According to the crypto trader, the Tom DeMark (TD) Sequential indicator, a tool used to identify potential points of a trend reversa...

A new bill aimed at establishing a strategic Bitcoin reserve was introduced to the Oklahoma House of Representatives on January 15. This move reflects similar initiatives in several other US states. Oklahoma Representative Cody Maynard has introduced the bill to establish a strategic Bitcoin reserve, enabling the state to invest in cryptocurrencies. House Bill 1203, also called the Strategic Bitcoin Reserve Act, would allow Oklahoma’s pension funds and state savings accounts to allocate a portion of their assets to Bitcoin as a hedge against inflation. “Bitcoin represents freedom from bureaucrats printing away our purchasing power,” Maynard said. He highlighted the advantage of Bitcoin as a decentralized form of money, and as such, cannot be controlled or created by government entities: “It is the ultimate store of value for those who believe in financial freedom and sound money principles.” 🔥 NEW: Representative Cody Maynard introduces the S...

Justin Sun has excitedly trumpeted the launch of the new version of his algorithmic stablecoin, USDD, taking to X to proclaim that it’s “about to launch with a 20% APY.” However, he insists that people stop asking where the yield comes from. Strangely, it’s hard to determine with any amount of precision how USDD 2.0 will differ from the current implementation. The most recent version of the coin’s whitepaper dates to December 2022 — more than two years ago. It posits that its stability will come from the project serving in the role “of a decentralized central bank in the industry .”  USDD 2.0 is about to launch with a 20% APY, fully subsidized by @trondao . All interest will be sent in advance to a transparent address. There’s no other reason—it’s simply because we have plenty of money. So, stop asking me questions like “where does the yield come from.” — H.E. Justin Sun (@justinsuntron) January 15, 2025 Even more...

Top Republican officials at the U.S. Securities and Exchange Commission (SEC) will begin revising cryptocurrency policies as early as next week, immediately after Donald Trump takes office, Reuters reported, citing sources briefed on the matter. SEC commissioners Hester Peirce and Mark Uyeda are considering the measures that would start the process of creating guidance or rules to clarify when the agency deems a cryptocurrency to be a security, it said. They are also reviewing pending crypto enforcement cases in the courts, and some may be frozen, the story added. Trump to overhaul crypto policy at SEC and may freeze enforcements – Reuters pic.twitter.com/25VzeNCbpE — BALU (@balubalucoin) January 15, 2025 Crypto regulations under the Biden administration, characterized by strict oversight, are expected to change with the incoming Trump administration. Led by Paul Atkins, a former agency commissioner and Trump’s nominee for SEC chair, the SEC leadership focus will...

Bitcoin is currently standing on a precarious threshold, battling the strong US dollar surge. A new currency war is emerging, with a clash displaying the US dollar’s dominance over the digital currency domain. With Trump gearing up to launch policies that bolster the US dollar, Bitcoin is taking the hit amid such a narrative, with strong projections of BTC hitting a new low on cards this season. Also Read: AI Sets Dogecoin (DOGE) Price For January 20, 2025 US Dollar Could End Up Surging Beyond 110 Source: Watcher Guru The world is currently witnessing a change in currency narratives, with the US dollar gaining significant market momentum. In a new development, the DXY index, keeping track of the US dollar against a basket of currencies, has hit a new all-time high of 110, adding more to the dollar’s strength. This in turn has started to impact the market positioning of Bitcoin, which is currently hovering between the $95K and $97K price levels. Historically, the US dollar an...

With the ongoing geopolitical concerns waging between the global south and the west, the plot has certainly thickened Tuesday. Indeed, the BRICS expansion nation, Indonesia, has recently stated it wants to buy Russian oil while stating it remains unafraid of Western retaliation or the ongoing tariff warning from US President-elect Donald Trump. Since Trump emerged victorious in the 2024 presidential election, he has issued a stark threat to the economic alliance specifically. Although focused on de-dollarization, oil bought from Russia would only further its local currency promotion policies. Therefore, it could be subject to the same consequence from the West. The question is, does it matter to nations now joining the group? Source: Politico Also Read: BRICS: Indonesia Officially Joins as Full Member Indonesia Eyes Increased BRICS Trade as They Remain Willing to Pay ‘Geopolitical Costs’ For the last two years, the BRICS alliance has been the subject of interest for a number...