Kamis, 30 Januari 2025

Bitcoin rallies; 👀An XRP bull trap is lurking


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Your Daily Digest of the 🔥Hottest News in Crypto

Today's top stories:

😁 Bitcoin rallies to $104.7K

🐂 An XRP bull trap is lurking - will traders take the bait?

📺 CT on YouTube: Trade memecoins without getting rugged

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

Bitcoin rallies to $104.7K after Fed FOMC 'nothing burger' lines up with market expectations

Bitcoin price popped to the upside following FOMC confirmation that the Federal Reserve would leave interest rates unchanged from its current target range of 4.25% to 4.5%.

Although Fed chair Jerome Powell and policymakers conceded that inflation remains "somewhat elevated," the central bank chose to take a wait-and-see approach, leaving all options open regarding its monetary policy in the short term.

"Bit of a nothing burger FOMC press conference..."

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XRP bull trap lurks below $2.95 — Will altcoin traders take the bait?

An XRP price drop below $2.95 could be a bull trap to collect downside liquidity, but the same scenario could be followed by a 45% rally to new highs.

XRP is set to close its largest monthly candle in two days, surpassing its previous high of $2.07 by more than 40%. The altcoin has maintained a higher structure on the daily chart over the past three months but has struggled to establish price acceptance above its previous all-time high of $3.40.

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Crypto exchange launches to address security and liquidity needs in trading

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Ethereum price will stick below $3.5K until these 3 things happen

It will take more than Ethereum's upcoming Pectra upgrade to turn ETH price around. Cointelegraph explains why.

Ether price fell below $3,500 on Jan. 7 and has since struggled to trade above that level. The altcoin has declined by 8% over the past 30 days, while the broader cryptocurrency market capitalization increased by 6%. This underperformance is concerning for Ether investors, especially with the launch of the spot Ethereum exchange-traded fund (ETF) in July 2024.

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How to Trade Memecoins & Avoid Getting Rugged

Memecoins can skyrocket overnight, but they're also highly risky. In this video, we'll break down everything you need to know to navigate this unpredictable market!

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Pectra hard fork explained — Will it get Ethereum back on track?

Confused by all the technical jargon used by devs to explain Ethereum's Pectra hard fork? We've translated the upgrades into English for ordinary people.