Sabtu, 11 Januari 2025

🤔Did Bitcoin bottom at $92K?; Trump’s BTC policy slammed in China


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Your Daily Digest of the 🔥Hottest News in Crypto

Today's top stories:

👀 'The worst is over' for Bitcoin?

👉 Trump's Bitcoin policy lashed in China

🎧 Is crypto headed for a 'Banana Singularity'?

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

Did Bitcoin bottom at $92K? These 3 BTC charts say the worst is over

Bitcoin fell 11% between Jan. 7 and 9, breaking below the $92,000 level for the first time in nine days.

This decline led to the liquidation of over $257.5 million in leveraged long positions over the same period and coincided with profit-taking, strong economic data and uncertainty surrounding US President-elect Donald Trump's upcoming inauguration.

Despite this short-term bearish momentum, three data metrics indicate that the drop to $92,000 may have marked the local bottom for BTC, providing a good entry point for investors.

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DOGS memecoin releases roadmap for first half of 2025

DOGS, a memecoin built on The Open Network (TON), released its roadmap for the first half of 2025, outlining plans for DOGS-themed games, community engagement through local philanthropy, and expanded payment use cases for the DOGS token.

According to the roadmap, users will have the option to use their DOGS tokens, which were inspired by a drawing of Telegram founder Pavel Durov's dog, to make online and offline purchases, such as gift cards and travel bookings, later this year.

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OPINION

Bitcoin ATH doesn't mean the maximalists are right

Bitcoin's all-time highs don't validate maximalist views. Instead, a balanced approach is needed.

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CFPB proposes crypto firms refund users for funds lost to hacks

A proposed CFPB rule could allow crypto users to have protections similar to those of US bank account holders by considering the definition of "funds."

In a Jan. 10 notice, the CFPB proposed a rule that could allow accounts or wallets using "emerging payment mechanisms" set up for personal use to be subject to similar protections as fiat bank accounts.

The US regulator suggested that the same rights that "guard against error and fraud" under the Electronic Fund Transfer Act (EFTA) could protect consumers transacting in stablecoins or "any other similarly-situated fungible assets that either operate as a medium of exchange or as a means of paying for goods or services."