Massive XRP Network Surge Followed Price Rally to 2-Month Peak

• Ripple's XRP experienced a price surge to $1.55, its highest in two months, following the Senate Banking Committee's approval of the CLARITY Act, which could benefit the token amid its SEC lawsuit.
• The price increase led to a significant rise in XRP Ledger activity, reaching the highest level of on-chain activity since March, with notable growth in active addresses.
• Analysts observed that some investors are quietly accumulating long positions, despite XRP's failure to break above the key 100 EMA line, indicating potential for future price growth if it surpasses this resistance.

https://cryptopotato.com/massive-xrp-network-surge-followed-price-rally-to-2-month-peak/

Pi Network Issues Urgent Safety Warning for All Pioneers

• Pi Network's Core Team issued a warning about scams involving impersonation of key members, advising users to follow only verified accounts.
• The user base has grown to over 60 million, with 30% verified through Know-Your-Customer procedures and over 16.7 million migrated to Mainnet.
• Other crypto projects like Ripple and Shiba Inu are also facing similar impersonation scams, urging their communities to remain vigilant against fraudulent activities.

https://cryptopotato.com/pi-network-issues-urgent-safety-warning-for-all-pioneers/

Altcoins Crash as Bitcoin (BTC) Dumps to 2-Week Low: Weekend Watch

• Bitcoin's price surged to nearly $83,000 but has since dropped over $4,000 to below $78,000, marking a multi-week low.
• Most larger-cap altcoins are experiencing significant losses, with Ethereum down over 3.5% and HYPE losing 10% of its value.
• The total cryptocurrency market cap has decreased by $100 billion since Thursday, falling below $2.7 trillion.

https://cryptopotato.com/altcoins-crash-as-bitcoin-btc-dumps-to-2-week-low-weekend-watch/

Bitcoin Price Dips Below $78K as Analyst Expects Another ‘Brutal Dump’

• Bitcoin's price surged to $82,000 following the CLARITY Act's progress but quickly fell back, reaching a two-week low of under $78,000.
• Analysts warn of increased selling pressure from miners and suggest a potential drop to a new local low of $63,000, with some calling the recent rally a bull trap.
• Contrarily, some experts argue that the loss of the $80,000 support does not guarantee a significant crash, citing past recovery patterns without major corrections.

https://cryptopotato.com/bitcoin-price-dips-below-78k-as-analyst-expects-another-brutal-dump/

Why Did Pi Network’s (PI) Price Crash to a 3-Month Low Today?

• Pi Network's native token, PI, experienced a significant drop of approximately 10%, reaching a three-month low of $0.155, attributed to broader market declines.
• Despite a recent period of stability, PI has struggled to maintain a breakout, failing to surpass the $0.20 resistance and falling out of the top 50 altcoins by market cap.
• Analysts warn that if PI does not reclaim the $0.165 level soon, it could face further declines, potentially dropping to new all-time lows around $0.13, especially with upcoming token unlocks that may increase selling pressure.

https://cryptopotato.com/why-did-pi-networks-pi-price-crash-to-a-3-month-low-today/

XRP’s Next Bullish Wave Depends on These Crucial Price Levels: Analyst

• XRP has faced multiple attempts to break out of its consolidation range, with recent highs reaching $1.55 but facing selling pressure at key resistance levels.
• Analysts identify crucial resistance levels at $1.51 and $1.82 that XRP must surpass for a sustainable bullish run, potentially indicating a transition into a bullish Wave 5 expansion.
• Current market conditions show a liquidation of short positions, with low leverage on long positions, which could support a more stable price rally if the asset breaks out of its established range.

https://cryptopotato.com/xrps-next-bullish-wave-depends-on-these-crucial-price-levels-analyst/

ETH Hits Yearly Low Against BTC as Investors Flood Exchanges

• Ethereum (ETH) has underperformed recently, dropping below the critical $2,200 support level and hitting a 10-month low against Bitcoin (BTC) at under 0.028 BTC.
• Over 500,000 ETH, valued at over $1.1 billion, has been sent to exchanges in the past week, raising concerns about increased selling pressure and potential further declines.
• Despite bearish signals, some analysts suggest a possible bounce for ETH from its current support levels, while an investor has recently purchased 1,951 ETH for $4.3 million.

https://cryptopotato.com/eth-hits-yearly-low-against-btc-as-investors-flood-exchanges/

CLARITY Act Clears Committee, But Money Laundering Question Hovers Over Crypto

• The Senate Banking Committee voted 15-9 to advance the CLARITY Act, a proposal addressing crypto market structure amid ongoing debates about regulation and illicit crypto flows.
• The Bank Policy Institute highlighted a projected $154 billion in illicit crypto transactions by 2025, with stablecoins like Tether accounting for 84% of this volume, raising concerns about crime and regulatory oversight.
• Despite extensive lobbying from banking groups for stricter regulations, the legislation progressed with support from some Democratic senators, while Binance Research countered claims of increasing illicit activity by suggesting improved anti-money laundering measures.

https://cryptopotato.com/clarity-act-clears-committee-but-money-laundering-question-hovers-over-crypto/

Bitcoin Price Analysis: What Does the Rejection at $80K Mean for BTC’s Future?

• Bitcoin's recovery attempt has stalled below the $80K resistance, indicating persistent bearish sentiment and the potential for another corrective phase.
• A breakdown below a key ascending trendline and subsequent rejection suggests sellers are in control, with potential downside targets around $75K-$76K and possibly lower.
• The Coinbase Premium Gap has turned negative, signaling fading demand from US investors and reinforcing the bearish outlook for Bitcoin in the near term.

https://cryptopotato.com/bitcoin-price-analysis-what-does-the-rejection-at-80k-mean-for-btcs-future/

Trump Adds Coinbase and Bitcoin Stocks to Portfolio

• Donald Trump's recent financial disclosure reveals investments in MARA Holdings, Coinbase, and Strategy, the only crypto-related assets among over 3,600 transactions.
• The crypto holdings are managed by a third-party institution, with MARA being the largest US Bitcoin miner and Coinbase the leading US crypto exchange.
• Trump's financial ties to the crypto industry face scrutiny, particularly regarding American Bitcoin's significant losses and issues surrounding World Liberty Financial's WLFI token and legal troubles.

https://cryptopotato.com/trump-adds-coinbase-and-bitcoin-stocks-to-portfolio/

3 Major Warning Signs Suggest Bitcoin’s Bottom Is Still Not In

• Bitcoin rebounded from a low of $60,000 to nearly $83,000, but has recently dropped to $78,000, leading analysts to question if the bear market has truly ended.
• Analysts highlight a 17% average trader profit margin as a warning sign, suggesting that many investors may be looking to exit their positions, reminiscent of previous market downturns.
• Skepticism remains about Bitcoin's bottoming out, with analysts like Doctor Profit predicting potential drops to $50,000 and Rekt Capital arguing that historical market cycle principles have yet to be invalidated.

https://cryptopotato.com/3-major-warning-signs-suggest-bitcoins-bottom-is-still-not-in/

Ripple ETFs Record Best Week Since December: So Why Is XRP Still Failing?

• Spot XRP ETFs experienced over $60 million in net inflows last week, marking a significant recovery after months of outflows.
• Despite a brief surge to $1.55, XRP faced rejection and fell back to just under $1.40, losing its fourth position in market cap to BNB.
• Analysts remain optimistic about XRP's long-term potential, highlighting key resistance levels that need to be reclaimed for a potential bull run.

https://cryptopotato.com/ripple-etfs-record-best-week-since-december-so-why-is-xrp-still-failing/

Pi Network’s PI Token Suffers Another Setback as Bitcoin (BTC) Calms at $78K: Weekend Watch

• Bitcoin has stabilized around $78,000 after a significant drop from its peak of nearly $83,000, with its market cap now at $1.560 trillion and dominance over altcoins at 58%.
• Most larger-cap altcoins are experiencing minimal movement, with notable exceptions being privacy coins like XMR and ZEC, which have shown impressive gains.
• The Pi Network's PI token has fallen over 8% weekly, dropping out of the top 50 altcoins by market cap, raising concerns about further declines.

https://cryptopotato.com/pi-networks-pi-token-suffers-another-setback-as-bitcoin-btc-calms-at-78k-weekend-watch/

Will XRP Explode as CLARITY Act Passes Senate Stage? ChatGPT Sees One Big Catch

• The US Senate panel approved the CLARITY Act with a 15-9 vote, potentially providing much-needed regulatory clarity for cryptocurrencies, including XRP.
• Analysts believe XRP could significantly benefit from the bill, anticipating increased institutional interest and potential price surges if regulatory pressures are alleviated.
• Despite the positive outlook, the full approval process may take months or years, which could lead to consolidation for XRP in the interim.

https://cryptopotato.com/will-xrp-explode-as-clarity-act-passes-senate-stage-chatgpt-sees-one-big-catch/

Ethereum Price Prediction: Is ETH Setting Up for a Drop to the $1.8K Zone?

• Ethereum's recovery has weakened significantly after failing to break the $2.4K resistance, indicating a buildup of bearish momentum.
• A confirmed breakdown below the 100-day moving average could lead to further declines towards the $1.8K-$1.85K demand zone.
• The Taker Buy Sell Ratio remains below 1, reflecting stronger selling pressure and suggesting limited aggressive demand, increasing the likelihood of continued downside for ETH.

https://cryptopotato.com/ethereum-price-prediction-is-eth-setting-up-for-a-drop-to-the-1-8k-zone/

Bitcoin and Ethereum ETFs See Heavy Outflows as Prices Hit Brick Wall

• Bitcoin's price attempts to break $82,000 were unsuccessful, coinciding with significant outflows from Bitcoin ETFs totaling $1 billion, marking the worst week since January.
• Ethereum ETFs experienced a complete lack of positive trading days, with net outflows exceeding $255 million, also the highest since January.
• In contrast, ETFs for Solana and XRP performed well, with no red days and Ripple ETFs achieving their best week since December.

https://cryptopotato.com/bitcoin-and-ethereum-etfs-see-heavy-outflows-as-prices-hit-brick-wall/

$33K Could Be Bitcoin’s Next Stop if History Repeats: Analyst

• Analyst Merlijn The Trader warns that Bitcoin (BTC) could plunge to $33,000, following historical patterns of significant declines during midterm election years.
• BTC has previously dropped 61%, 65%, and 66% in the midterm years of 2014, 2018, and 2022, respectively, leading to heightened bearish sentiment.
• Alternatively, Merlijn suggests BTC might be in an Accumulation phase, with potential targets between $45,000 and $59,000, contingent on maintaining support at $78,000.

https://cryptopotato.com/33k-could-be-bitcoins-next-stop-if-history-repeats-analyst/

CLARITY Act Passes Senate Banking Committee: What Does This Mean for Crypto?

• The Digital Asset Market Clarity Act (CLARITY Act) has advanced out of the Senate Banking Committee, signaling potential regulatory clarity for the crypto industry despite opposition.
• The approval has led to a temporary bitcoin rally, with analysts predicting that full Senate approval could trigger significant market reactions, possibly pushing BTC to new all-time highs.
• Experts believe the act's progress indicates the maturation of blockchain infrastructure, fostering innovation and institutional investment while focusing regulatory rules on intermediaries rather than individual developers or users.

https://cryptopotato.com/clarity-act-passes-senate-banking-committee-what-does-this-mean-for-crypto/

Best Time to Buy BTC? CoinGecko Points to These US Holidays

• A CoinGecko study reveals that buying Bitcoin on US holidays yields stronger short-term returns, averaging 0.77% next-day gains compared to 0.19% on non-holidays.
• New Year’s Day is identified as the best holiday for Bitcoin purchases, with a 2.01% average next-day return and an 84.6% win rate, while Martin Luther King Jr. Day showed the weakest performance.
• The study indicates minimal impact of purchase day on long-term returns, with average annual gains remaining consistent across weekdays and weekends, while Bitcoin's recent price fluctuations are attributed to market pressures and increased sell-side supply.

https://cryptopotato.com/best-time-to-buy-btc-coingecko-points-to-these-us-holidays/