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Bitcoin could reach $150,000 this cycle, and if it goes above that price level, will probably come “back down through it,” says Glassnode analyst James Check.
Thorchain is facing a severe debt crisis and urgently needs to address these issues to avoid bankruptcy.
We can expect more internet companies to exit the historical stage by leveraging Crypto for a resurgence. These companies, if they embody traits such as being a pioneer in a certain field, being historically or currently well-known, and having relevance to Crypto, are more likely to participate in this game.
XRP struggles to sustain momentum, risking a 13% drop to $2.73 support. Recovery could pave the way for new all-time highs.
Unraveling the Potential Impact of a $2.24B Whale-Driven BTC Accumulation on Bitcoin's Pursuit of a $110K High
- 20:42U.S. Consumer Confidence Shows Signs of Weakness, Inflation Expectations Hold Most Gains Since ElectionThe University of Michigan's consumer confidence survey at the end of January showed some signs of weakness, with the overall index dropping to 71.1 from an initial reading of 73.2 earlier in the month and 74.0 at the end of December, the lowest level since the pre-election period (70.5 in October), suggesting more skepticism as a new administration is about to take office. The fact that inflation expectations have extended much of their rise since the election may also have something to do with this. Median inflation expectations for the year were unchanged from January's initial reading of 3.3%, up from 2.8% in December and 2.7% in October. Five-year interest rate expectations fell to 3.2% from 3.3% at the start of the month, but remained above the 3.0% of last December and October and the highest month-end rate since mid-2008.
- 19:51U.S. Consumer Confidence Shows Signs of Weakness, Inflation Expectations Hold Most Gains Since ElectionJanuary 25, the United States in January one-year inflation rate is expected to final value of 3.3%, expected 3.2%, the previous value of 3.30%. U.S. January University of Michigan Consumer Sentiment Index final value of 71.1, expected 73.2, the previous value of 73.2.
- 19:49U.S. House Financial Services Committee Chairman: Supports Trump's Digital Assets Executive Order, Opposes CBDC IssuanceOn January 25, Crowdfundinsider reported that French Hill, Chairman of the U.S. House Financial Services Committee, and Bryan Steil, Chairman of the Subcommittee on Digital Assets, FinTech, and Artificial Intelligence, issued a joint statement in support of Trump's signing of the executive order related to digital assets. The two chairmen said that the President's Task Force on Digital Asset Markets will strengthen U.S. leadership on the international stage. Notably, they also emphasized their stance on banning the issuance of central bank digital currencies (CBDCs) in the U.S., arguing that it is consistent with the goal of protecting Americans' financial privacy.