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Dogecoin, XRP and Cardano Hit Lowest Prices Since 2024 as Altcoins Fall Harder Than Bitcoin
Yahoo Finance· 2026-01-29 20:32
Market Overview - Major altcoins, including XRP and Dogecoin, are trading at their lowest levels since 2024 as Bitcoin continues to decline, falling below $84,000 [1] - Bitcoin has reached a two-month low, while some altcoins are experiencing prices not seen in over a year [1] Altcoin Performance - Dogecoin (DOGE) has decreased by 8% in the last 24 hours, currently priced at $0.115, which is 84% lower than its all-time high of $0.73 in 2021 [2] - XRP has dropped 7% in the last 24 hours, trading at $1.78, down more than 51% from its all-time high of $3.65 last year [3] - Other altcoins like Cardano (ADA), Stellar (XLM), Litecoin (LTC), and Hedera (HBAR) have also fallen by 5% or more, reaching their lowest marks since 2024 [4] Legislative Context - The decline in crypto prices coincides with developments regarding the CLARITY Act, a crypto market structure bill that passed a markup session in the Senate Agriculture Committee without Democratic support [4] - Senate Democrats are committed to passing the bill but express concerns that the current draft lacks essential provisions due to Republican and White House influences [5] Liquidation Trends - Liquidations in the crypto market have exceeded $1 billion in the last 24 hours, primarily affecting long positions, with nearly $920 million in long liquidations [6] - The price drops of Bitcoin and Ethereum, which fell by 6.3% and 7.7% respectively, are significant contributors to the liquidation events [6] Current Prices - Bitcoin is currently trading around $83,811, while Ethereum is priced at $2,788 [7]
X @Decrypt.co
Decrypt· 2026-01-29 19:39
Japan's Biggest Bitcoin Treasury Firm Just Raised $137 Million to Buy Even More BTChttps://t.co/FMyAiYnbnZ ...
Myriad Moves: Bitcoin Is Falling—Will It Dump to $69K or Rebound to $100K?
Yahoo Finance· 2026-01-29 18:24
Market Overview - The cryptocurrency market is experiencing volatility, with Bitcoin and Solana being the primary focus of prediction markets [1][5] - Bitcoin's price has dropped nearly 5% in the last week, recently trading at $84,167, and hitting a two-month low [2][3] - Solana, once a market favorite, is now trading at $118, nearly 60% off its all-time high [6] Bitcoin Analysis - Predictions for Bitcoin's next move show a shift towards a potential drop to $69,000, with current odds at 55% for hitting $100,000 first, down from 88% two weeks ago [2] - Bitcoin is currently 33% off its all-time high and only 18% above the $69,000 mark, indicating bearish market sentiment [4] Solana Analysis - The prediction market for Solana indicates a potential move to either $150 or $100, with current trading at $118 [5] - Solana's previous highs and market enthusiasm have significantly diminished over the past year, reflecting a broader trend in the crypto market [6]
How The Second Trump Administration Is Changing Crypto—For Good
Benzinga· 2026-01-29 17:09
President Donald Trump’s crypto ventures have added roughly $1 billion to his net worth, a new report claims, all the while the SEC has dropped lawsuits against Coinbase Global Inc. (NASDAQ:COIN) , Binance (CRYPTO: BNB) , and Kraken.The Trump Crypto Empire BreakdownTrump’s family now controls a massive crypto portfolio built on meme coins, stablecoins, and a pending federally regulated bank application according to a new Politico report.Adding to the portfolio, Trump Media & Technology Group (NASDAQ:DJT) , ...
Kazakhstan’s central bank to bolster national crypto reserves with criminals’ Bitcoin
Yahoo Finance· 2026-01-29 17:08
The National Bank of Kazakhstan’s investment arm has announced plans to boost its new national crypto reserve with coins seized from criminals. National Investment Corporation, or NIC, the central bank’s investment subsidiary, said the bank will use “crypto seized by law enforcement agencies,” along with foreign currency and gold reserves, to beef up the fund, the Russian-language media outlet QAMS QazTrading reported. The bank has already earmarked $350 million worth of overseas currency and gold for t ...
Veteran analyst says Bitcoin 'spanked' gold
Yahoo Finance· 2026-01-29 16:59
Core Insights - The cryptocurrency industry experienced significant excitement when Bitcoin reached a new all-time high of over $126,000 in early October 2025, with many claiming it had established itself as the world's top asset [1] - Bitcoin is often compared to gold, with proponents labeling it as "digital gold" due to both assets having limited supply and being viewed as stores of value against inflation [2] - Following a crypto flash crash on October 10, 2024, Bitcoin struggled to recover, while gold saw increased demand, reaching new all-time highs [3] Performance Comparison - Since 2022, Bitcoin has surged by 429%, outperforming gold's 177% increase, silver's 350% rise, and the Invesco QQQ's 140% gain [4] - Despite a challenging period, Bitcoin has been described as having "spanked everything so bad" in 2023-24, indicating its strong performance relative to other assets [5] - The current sentiment among Bitcoin maximalists is low, but analysts suggest this perspective may be short-sighted, as Bitcoin is seen to be taking a necessary pause to align with its institutional narrative [5]
Talos Reaches $1.5B Valuation on $150M Series B with Robinhood, Sony Participation
Yahoo Finance· 2026-01-29 16:51
Institutional trading infrastructure firm Talos has announced the successful completion of a $45 million Series B extension, bringing total funding for the round to $150 million at a valuation of approximately $1.5 billion. According to a Jan. 29 press release, Talos extended the initial round to accommodate interest from strategic partners. The extension received participation from Robinhood Markets, Sony Innovation Fund, IMC, QCP and Karatage with returning investors a16z crypto, BNY and Fidelity Inve ...
X @CryptoJack
CryptoJack· 2026-01-29 16:06
#BTC IS TRADING WITHIN AN EXPANDING WEDGE ON THE 4H CHART, CURRENTLY AT THE LOWER BOUND OF THE SUPPORT. https://t.co/fMIyN6rA1T ...
Bybit to Launch 'My Bank' Feature for IBAN Fiat-Crypto Transfers in February
Yahoo Finance· 2026-01-29 16:03
Core Insights - Bybit plans to launch "My Bank," a retail banking service for users who complete Know Your Customer checks, allowing them to have their own international bank account number (IBAN) [1][2] - The service aims to facilitate transactions in multiple fiat currencies, enabling users to send and receive funds, receive salaries, pay bills, and trade digital assets seamlessly [2][3] - Bybit is collaborating with various banking providers to launch this service, targeting a February release [3][4] Company Expansion - Bybit currently has 82 million users across 181 countries but is not operational in the U.S. and Canada, with ambitions to expand into the Americas and pursue a public listing on Wall Street [5] - The introduction of My Bank represents a significant move for a crypto-native brand to offer traditional financial services, distinguishing it from neobanks like Robinhood and Revolut [4] Security Context - The launch of My Bank follows a major security incident where $1.4 billion worth of cryptocurrency was stolen, linked to North Korean cybercriminals, marking the largest hack in the industry's history [6]
Ripple CEO Says Crypto Will Hit All-Time Highs in 2026—So Why Is XRP Still Down 50%?
Yahoo Finance· 2026-01-29 15:57
Core Viewpoint - XRP experienced a significant price rally to $3.65 in July 2025, driven by optimism surrounding the SEC lawsuit and renewed retail interest, but has since fallen to around $1.90, approximately 50% below its peak [1][6]. Group 1: Market Sentiment and Predictions - Standard Chartered set a target of $8 for XRP, with Ripple's CEO, Brad Garlinghouse, noting a "massive sea change" in Wall Street's interest that has not yet been reflected in crypto markets [2]. - Garlinghouse emphasized that regulatory progress, particularly with the GENIUS Act and the upcoming CLARITY Act, is crucial for Ripple's long-term outlook, rather than short-term price fluctuations [3]. - Despite Garlinghouse's bullish outlook for the broader crypto market to reach all-time highs in 2026, XRP's price has not followed suit due to various market dynamics [4][7]. Group 2: Factors Affecting XRP Price - Post-lawsuit profit-taking has led to increased selling pressure, as many early investors sold their holdings after the SEC settlement, contributing to a supply overhang [11][8]. - Capital rotation towards Bitcoin and Ethereum has left payment tokens like XRP behind, as speculative interest has shifted to other narratives such as DeFi and AI [13]. - ETF inflows for XRP have been below expectations, with only $1.3 billion attracted since November 2025, which is significantly lower compared to Bitcoin and Ethereum products [14][15]. - Macro conditions, including high interest rates, have suppressed risk appetite, leading investors to favor yield-bearing assets over payment-focused tokens like XRP [16]. Group 3: Price Outlook Scenarios - The bullish case for XRP suggests a potential rally to $3.50-$5.00 if ETF inflows exceed $3 billion and the CLARITY Act is passed, alongside increased institutional adoption [22]. - The base case predicts stabilization between $2.50 and $3.50 with moderate ETF inflows and gradual regulatory improvements [23]. - The bearish case indicates a potential decline to $1.50-$2.00 if ETF outflows continue and macroeconomic headwinds persist, with weak network activity further suppressing momentum [25]. Group 4: Current Market Dynamics - XRP remains approximately 50% below its July 2025 cycle high due to profit-taking, capital rotation, and unmet ETF demand, despite Wall Street's optimistic target of $8 by year-end [26]. - For XRP to recover, it requires significant ETF inflows, the passing of the CLARITY Act, and improved macro conditions, otherwise, it is likely to consolidate between $1.50 and $2.50 [27].