Daily Crypto Signals: Mixed Sentiment as Bitcoin Holds Above $95K, While Legal Actions Shape Industry Landscape
In a day of significant developments, MicroStrategy‘s Michael Saylor hints at another major Bitcoin purchase as the company’s holdings reach 447,470 BTC, while New York’s Attorney General pursues legal action to recover $2.2 million in crypto stolen through job scams.
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The contradictory signals in the cryptocurrency market as Bitcoin BTC/USD demonstrates price whipsaws in response to changes in Treasury yield and fresh US economic data. While regulatory review affects many areas of the crypto economy, Singapore has banned Polymarket, categorizing it as an illegal gaming site. The approaching US presidential inauguration and its possible influence on crypto values especially grab the attention of the market.
Bitcoin Reclaims $95,000
Notwithstanding recent volatility, Bitcoin currently trades above $95,000 and has positive momentum. With its Bitcoin assets now valued at about $42 billion, MicroStrategy is keeping its aggressive accumulation approach and has unrealized gain of $14 billion. Though experts believe the effect may be subdued if sold gradually or over-the-counter, there remain questions over the market impact from $6.5 billion worth of Silk Road Bitcoin that the DOJ may sell.
XRP Gearing Up for a 60% Breakout?
XRP XRP/USD has broken out from a symmetrical triangular pattern with analysts expecting a possible 60% increase that would drive prices toward $4. Ripple’s recent court victory to seal specific documents in its continuous SEC case supports the positive view, and expectation grows around the expected appointment of Paul Atkins, who is known for supporting less forceful regulatory policies.
Shiba Inu Testing ATH in 2025
With forecasts showing the token might hit $0.00004458 by June and maybe double by July, Shiba Inu SHIB/USD shows promise for notable increase in 2025. With some analysts predicting likely testing of its all-time high of $0.00008845 by year-end, the forthcoming release of the TREAT token on January 14 is expected to give the SHIB ecosystem extra momentum.
World Crosses 10 Million Verified Users
World (previously Worldcoin) has reached a ten million verified user mark on its digital identification network. Nonetheless, the initiative deals with continuous legal difficulties across several countries, including recent prohibitions in Kenya, Spain, and Portugal, with South Korea levying a hefty fine for claimed data security breaches.
Top Altcoins to Watch Today
As Bitcoin looks for direction, these tokens might experience notable price action.
- Monero (XMR) consolidating between $191 and $207 with possible for a breakout toward $225
- Hedera (HBAR) forming a bearish declining triangle pattern with key support at $0.24
- Bitget Token (BGI) maintaining strong upward momentum with support at its 20-day EMA.
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