Daily Crypto Signals: Bitcoin Tests $90K, XRP Surges, and SHIB Whales Accumulate
As Bitcoin declines from its $100,000 key level in response to growing Treasury rates and a surging dollar, the market is showing great volatility.
While US businesses already possess 65% more Bitcoin than offshore players, Circle’s $1 million USDC gift to President-elect Trump’s Inauguration Committee marks increasing mainstream acceptance of digital assets.
Crypto Market Updates
Several important events help to define the crypto scene right now. Making headlines with its $1 million USDC donation to Trump’s Inauguration Committee, Circle, the second-largest stablecoin issuer, As evidence of digital currency development, CEO Jeremy Allaire commended the committee’s approval of USDC payments. Senator Dusty Deevers proposed the Bitcoin Freedom Act in Oklahoma, which lets citizens there get payouts in Bitcoin. This law seeks to shield people from inflation and advance financial technology innovation at the same time.
Bitcoin Tests $91,000
Notable difficulties have defined recent performance of Bitcoin. BTC/USD has dropped to almost $91,000 after just surpassing $100,000, showing a negative 6% gain over the past month. Rising Treasury rates and solid economic data—which have lowered expectations for Federal Reserve rate reduction in 2025—are mostly responsible for the fall. Technical analysts advise possible support levels at $85,000; some warn of a possible decline to $75,000 should the $90,000 level fall short.
XRP to See a 40% Spike?
Maintaining much of its 300% gains from late 2024, XRP XRP/USD has demonstrated durability in face of a more general market collapse. Currently trading above $2.30, the coin is creating a declining triangle pattern that technical analysts advise might cause a 40% spike. Positive attitude about XRP results from possible regulatory tailwinds under the new Trump government and recent remarks made by Ripple executives on an upcoming XRP spot ETF approval.
Shiba Inu Enjoys Strong Whale Activity
Starting 2025, SHIB/USD has had difficulties declining 17% over the past thirty days. Recent whale behavior, however, has attracted market attention; one whale moved 1.6 trillion SHIB tokens (worth about $39 million) from Crypto.com to private wallets. Targeting to revive market interest, the Shiba Inu ecosystem is getting ready to introduce its new TREAT token on January 14. With rising trading volume and a market capitalization of $12.78 billion, SHIB has despite the current dip a market cap suggesting possible rebound impetus.
