Kamis, 09 Januari 2025

🎯$80K is new BTC short-term price target & other news


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Your Daily Digest of the 🔥Hottest News in Crypto

Today's top stories:

🎯 $80K is new BTC short-term price target

🚨 Decentralization is in danger

🎧 US job openings report triggers Bitcoin drop

📰 Keep reading to find out more about all of today's top stories

Bitcoin traders set $80K short-term price target as DXY hits new highs

Bitcoin sweeps new 2025 lows as Treasury yields rise, and the strengthening US dollar Index forces crypto analysts to revise their short-term price expectations.

Crypto markets slumped for a second day as the US dollar Index (DXY) chased new highs amid rising treasury yields and investors' concerns over the Federal Reserve's monetary policy plan.

Although the DXY started the week with a 0.92% decline, which was followed by an abrupt rally to $102,000 by Bitcoin, the index reversed course, reaching 109.37, hitting levels not seen since November 2022.

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Judge pushes Mango Markets exploiter sentencing to April 10

Avraham "Avi" Eisenberg, the individual convicted of fraud and market manipulation related to an exploit of the Mango Markets decentralized exchange, will be sentenced on April 10.

In a Jan. 8 filing in the US District Court for the Southern District of New York (SDNY), Judge Arun Subramanian adjourned Eisenberg's sentencing hearing to April 10 after a request from his lawyers. He was initially scheduled to be sentenced in a Dec. 12 hearing, which was later postponed to Feb. 11 following an April 2024 conviction.

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OPINION

Decentralization is in danger — We can fix it

One of the biggest challenges to Bitcoin's rise to hegemony is complacency.

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Movement Labs to close $100M VC round: Report

Movement Labs, a Web3 startup building an Ethereum layer-2 (L2) network, is preparing to close a venture financing round expected to raise $100 million, according to a Jan. 8 report by Fortune.

The venture round would reportedly value Movement at approximately $3 billion.

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Trash collectors in Africa earn crypto to support families with ReFi

Crypto is often criticised for lacking real world applications, but regenerative finance projects are helping clean up the environment in Tanzania and Kenya.