In short, an overbought market after months of increasing certainty about the SEC’s Bitcoin ETF approvals burst in January and allowed the price to correct some.

Historical #Bitcoin prices for today, January 26th:
2024 – $41,1742023 – $23,0162022 – $36,8002021 – $32,5022020 – $8,6082019 – $3,5712018 – $11,1182017 – $9162016 – $3902015 – $2692014 – $1,0072013 – $182012 – $5.32011 – $0.40
— Historical Bitcoin Price (@HistoryBTCPrice) January 26, 2024

During this time, short-term traders helped pump the price, then went ahead and took profits after the Bitcoin ETF approvals by “selling the news.”
Finally, tougher macro conditions, with a stronger dollar after a months-long slump, have led to more bearish sentiment for Bitcoin’s overall outlook in January.
Here are some more

An illuminating conversation unfolded on X this week about XRP Ledger’s smart contract features. A Ripple expert corrected some misconceptions that Ripple is not as feature-rich as its competitors.
Are Ripple Use Cases Limited?
If you ask Google Bard or any AI chatbot why XRP price hasn’t shown the kind of gains Bitcoin (BTC) and Solana (SOL) have this year, it might tell you it’s because Ripple doesn’t have as many use cases:
“While XRP is initially designed for fast and cheap cross-border payments, its use case hasn’t evolved or broadened significantly.
Other competitors like Ethereum and BNB Chain offer a wider range of functionalities like smart contracts and decentralized finance (DeFi), which might attract more user interest and drive price appreciation.” – Google

Foreclosing on a vacant home in Baltimore can take two to three years, according to a report in the Baltimore Sun. It’s a legally arduous process in Maryland.
Foreclosure requires city officials to wait on title searches to verify the entire ownership history of the house.
As a result of the multiple title searches required for each step in the process of acquiring, fixing up, and selling a home, you’d be lucky to get everything done in four or five months. Meanwhile, the vacant home can attract critters, crime, and hazardous conditions.

Baltimore Orders Home Real Estate Blockchain
But the city is hoping to solve this with a $225,000 blockchain project. Its spending board agreed to the contract for it in December. The Baltimore Sun reports:

“Over the three-year pilot,

Apple, which announced its Vision Pro headset in June, saw its share price grow by 55% in 2023. Meanwhile, Amazon stock gained 79% as its AWS division pushed for AI-focused products.
But these leading “Magnificent Seven” tech stocks did not make it into the top ten by yearly returns for 2023. The tech industry stocks that did were all Bitcoin mining stocks. Moreover, Wall Street’s top ten performers this year included not one, not two or three, but four Bitcoin mining companies.

Wall Street Mania For Bitcoin Mining Stocks
The impressive showing proves that mainstream investor interest in cryptocurrency is increasing. The four Bitcoin mining stocks that outperformed nearly the entire market were:
Cipher Mining (CIFR) at number three for the entire year after gaining 1,042%

These two blue chip, large-cap, top-ten cryptocurrencies may not seem to have much in common. But they settled into a similar price range in December, according to market data from CoinGecko.
In the first two weeks in December, after XRP price found support around the $0.60 level in late November, ADA tokens rocketed up from key support at the $0.35 handle to settle in at that same $0.60 support level.
These two altcoins each recently scored a Binance listing with USDC as a trading pair (Solana and MATIC did too). Here’s how ADA and XRP compare on important price factors.

XRP vs. ADA: Technical Indicators
XRP price has been charting a falling wedge pattern for the better part of the one-month, two-month, and six-month windows. That is often a bullish reversal signal.

XRP performed fantastically in 2023, with 87% YTD gains the final week in December and an eye on $1 in 2024. That’s impressive, given Ripple’s legal woes with the SEC lawsuit since 2020.
In December, XRP’s price continues to trade with support at $0.62 and a descending line of resistance from $0.72 on Nov. 6 to $0.67 on Dec. 8 to $0.65 on Dec. 25.
In any case, it’s important to look at some of the key dates that are approaching in Ripple’s lawsuit that may serve as a catalyst for developments in XRP’s price. It’s also worth mentioning that there are other legal proceedings taking place simultaneously, which may impact the way the Ripple v. SEC case unfolds.

SEC v. Ripple Lawsuit Key Dates Approaching
All has been relatively quiet in XRP markets, with a lull of new

XRP tokens, the native cryptocurrency for the cross-border Ripple Labs network, have traded sideways in a narrow band with support around $0.62 since mid-November.
At the same time, SOL used the opportunity, surged by an impressive percentage, and surpassed XRP in terms of market cap ranking.
Ripple’s Turn Next After Solana?
But the XRP price tested at $0.68 once on Friday, Dec. 8, before falling back to support lines, and resistance was again tested at $0.64 on Christmas Day. With a 74% volume surge on Christmas and a two-week record high of $0.6433 according to CoinGecko data, is Ripple set to rally again like it did in October?
If it does, Ripple could reclaim its market cap rank from Solana after losing the fifth place to the low-fee Ethereum competitor in December.

Shiba Inu is soaring up the 7-day, 14-day, and 30-day charts. Here are three signs that the SHIB price rally for the popular Ethereum ERC-20 meme coin continues.
But real quick first, here is the most recent update on SHIB price:

Shiba Inu Support Building аt $0.00001075
The Shiba Inu token has bounced along a sideways channel with support at the $0.00001075 level since Friday, Dec. 22. During that time, SHIB charted highs with resistance around the $0.00001100 level.
Meanwhile, the meme coin surged to $0.00001125 briefly amid high trading volume on Saturday, Dec. 23, according to CoinGecko data.

On the 14-day chart, SHIB’s price gained 11.9% in crypto exchange value from $0.00000965 on Tuesday, Dec. 12, to $0.00001080 on Tuesday, Dec. 26.
With the average Shiba Inu

A U.S. circuit court in Washington D.C. has ordered the Securities and Exchange Commission to revisit its rejection of a Bitcoin ETF application by crypto hedge fund Grayscale.
But that doesn’t mean the SEC won’t find new reasons to reject it or any of the dozen other applications.
SEC Rejection or Delay Could Tank Bitcoin Price
Crypto industry investors and insiders expect the price of Bitcoin and other crypto assets to surge if and when the SEC approves an exchange-traded fund for BTC. “It’s definitely going to pump quickly,” said DeCryptoFi founder and CEO Nicholas Scherling at a recent round table with Rob Nelson for TheStreet.
By the same token, however, news of any Bitcoin ETF rejections by the SEC could lead to a rout in Bitcoin price. In fact, ETF Store president

Bitcoin (BTC) retraced 5% over the second week in December to $42,236 on Saturday, Dec. 16, from a 19-month high of $44,700 on Dec. 9. The decline in average crypto exchange spot prices for Bitcoin followed an astonishing 62% rally over two months from $27,162 on Oct. 16 to that key resistance around the $44,000 level.
U.S. banking giant J. P. Morgan warned that BTC was overbought in mid-November after Bitcoin price surpassed the $36,000 level. Blockchain analytics firm CryptoQuant said this week that BTC corrected after climbing too fast but that the digital asset is still in a bull market, with the bears firmly in the past.
Here are eight signs that Bitcoin’s bull market isn’t over yet.
1. It Keeps Taking an Hour or More to Mine a Block
There are now so many miners

Ripple dominance, the measure of XRP’s market share by market capitalization in the competitive cryptocurrency segment, is flashing a warning signal this year.
XRP Dominance Trends Lower
XRP dominance is down 3.63% for the week, 18.83% over the past month, and 10.63% over the past six months. On the one-year window, Ripple’s percentage market share of all cryptocurrencies is down 11%. On the five-year window, it’s down 82%. Its peers on the market cap chart are faring markedly better.
Bitcoin (BTC), for example, has only lost 10.59% of its market share over the past five years, not 82% like Ripple. Meanwhile, Bitcoin’s dominance has grown by 28.65% over the past year, 6.85% over the past six months, and 1.6% over the past month. But Ethereum might make for a more useful

The New York Times featured the Ripple Labs president in a recent special series on global consumer behavior in 2024.
“We asked a global group of entrepreneurs, business leaders and academics to assess consumer behavior,” wrote the Times.
Ripple President Explains Global Appeal of XRP
For her part in the series, Long makes the case that TradFi structures are “too slow to support” the current pace of global commercial growth. As a result, the developing world is turning to cryptocurrencies like BTC and XRP:
“In 2023, we saw reports from the International Monetary Fund and the Financial Stability Board specifically citing the ‘cryptoization’ of developing economies where, because of macroeconomic instability and weak inflation controls, people have begun to prefer

Long-term XRP investors have shown remarkable patience and resilience as the SEC lawsuit winds down. After a string of victories against most of the SEC’s charges this year, Ripple Labs is still battling the regulator over how much of a financial penalty it should have to pay.
Fmr. Goldman Head’s Lifetime Opportunity: XRP
Real Vision CEO Raoul Pal told CryptoLaw founder and Ripple amicus brief lawyer John Deaton in a recent interview that he bought XRP after the Securities and Exchange Commission filed a lawsuit against Ripple Labs in Dec. 2020. Pal called his XRP play an opportunity of a lifetime:
“When you see something like that, it’s like, ‘Okay, now the price has been massively discounted. We know it’s a real thing, half the people have been shut out of the market,

After a meteoric rise from $26,750 on Oct. 12 to close the month at $34,667 on Oct. 31, Bitcoin price (BTC) is still rising in November. BTC pumped from the $36,500 handle to multi-day support at $37,400 the day Grayscale Investments met with the SEC over its Bitcoin ETF application.
But its gains have seen more volatility this month, whipsawing on a course for $38,000 as Bitcoin ETF bulls hold their breath. That could be a sign that bears are gaining confidence. Meanwhile, bulls may be losing steam the longer markets wait on an SEC approval.
SEC Approval vs. Operation Timelines Key
Long-only crypto hedge fund Off The Chain Capital’s president, Brian Dixon, recently said he doesn’t expect a big rally when the SEC finally approves one or more Bitcoin ETF products:
“You’ll

Investors stateside in both the cryptocurrency and traditional finance worlds are eagerly awaiting a Bitcoin ETF product in the U.S.
But those in Europe looking for an XRP exchange-traded product will have one next month.
Europe Gets an XRP ETP in December
DeFi Technologies, Inc. announced last week it will debut a new Ripple XRP ETP on a European exchange. The Canada-based Web 3.0 company will be ready to launch the product in early December.
It will offer the product through its subsidiary, Valour Inc. The blockchain company says the Ripple ETP will cater to the “growing demand among European investors for diverse cryptocurrency exposure.”
A recent report says Valour currently offers a number of innovative blockchain products. That includes Ethereum Zero and Bitcoin

Binance is the largest crypto exchange in the world by volume.
The company just recently turned six years old earlier this year. In addition to Zhao stepping down as CEO, Binance agreed to settle DOJ charges of money laundering with a $4.3 billion fine.
Furthermore, the exchange saw over $1 billion in outflows in under 24 hours as customers withdrew funds and tokens following the news. Supporters sent CZ an outpouring of sympathy and cheers on X.com.
Here are three powerful quotes from “CZ Binance” to remember.
1. Bull or Bear, “It’s Always A Build Market”
The Binance CEO and founder was always in it for the tech, not just the profits. Before cryptocurrency, Zhao worked on stock trading systems for brokers in Shanghai.
“It’s always a build market.”
Akin to Microsoft’s

On Nov 1, the IRS announced, “The limit on annual contributions to an IRA increased to $7,000, up from $6,500,” for the 2024 tax year. The 401(k) limit also went up by $500 to $23,000.
That means Bitcoin investors who are saving for retirement with a self-directed Bitcoin IRA can now contribute $500 more next year.
Bitcoin IRA Contributions Are Tax Deductible
Saver investors looking to hedge inflation, diversify their portfolio, or add a risk-reward, high-growth tech play to their strategy also get a tax benefit with a Bitcoin IRA or 401(k) account.
According to Forbes Advisor:
“A Bitcoin IRA can provide you with the tax advantages of traditional and Roth IRAs.”
The main advantage of an IRA is taxpayers can deduct their contribution from the amount of their taxable

The prospect of a regulated spot Bitcoin ETF has roused cryptocurrency investors into a frenzied bull run. They expect an ETF product to on-ramp millions of investors in structured broker-dealer accounts.
Since March, Bitcoin (BTC) has traded in a range bound by support at $25,000 and resistance at the $30,000 level. As spot ETF rumors spread in October, the price surged from below $27,000 to above $37,000 by Nov 10.
Meanwhile, investors added $366 billion to the overall crypto market cap since October. Coinbase believes approval of a Bitcoin ETF will likely add billions more but says, “this will take time.”
Coinbase: Why A Bitcoin ETF Matters
In a recent report, Coinbase said final regulatory approval for a Bitcoin ETF “will open up a massive opportunity for the wealth

Euro Pacific Capital CEO Peter Schiff predicted the housing crash from 2006 to 2007. But now he’s warning about a bitcoin bubble. Schiff predicted Saturday that bitcoin will crash to $3,000, while he says gold will surge to $3,000, but not before bitcoin gets there first. Here’s why Peter Schiff’s wrong this time. Peter Schiff’s views on bitcoin are fascinating. He riled up both sides of the bitcoin vs. gold debate among U.S. dollar skeptics this weekend with this taunting question: Source: TwitterHe followed up the humorously provocative question with a prediction. Schiff says the bitcoin price will crash to $3,000. And it’ll get there before gold appreciates to $3,000. Source: TwitterSchiff Stirs The Pot Again You could say the founder, CEO, and chief global strategist of Euro Pacific

The ethereum classic price (ETC) rallied 40% over the last 24 hours. ETC has more than doubled this week.
ETC is now a top 10 cryptocurrency by market cap. An ETC futures product that launched this week catalyzed the price action.
A recent technical upgrade is also a likely factor.
The ethereum classic price is riding high on Friday, as a crucial technical upgrade partnered with a dash of Binance leverage to launch the lesser-known altcoin into the stratosphere.
Ethereum classic went parabolic over the last 72 hours as an ETC futures product launched on Binance. | Graph: CoinMarketCapETC zoomed as high as $10.11 on Thursday evening. That doubled the altcoin’s price for a 100% gain over $5.07 a week earlier.
The Asian and European sessions decisively breached

The bitcoin SV price went stratospheric Monday and Tuesday.
BSV blew past key resistance at $175, reaching escape velocity on its rock blast to a peak above $350.
Now ‘Satoshi Vision’ proponents are pumping for a moon shot. Here are three reasons behind the BSV’s moves.
The bitcoin price has soared in January. But its rivals, bitcoin cash and bitcoin SV (‘Satoshi’s Vision’) are making even more dramatic moves so far in 2020.
Of the two hard-forked blockchains, bitcoin SV is the most gravity-defying. According to CoinMarketCap, BSV has nearly doubled in the last 24 hours, gaining over 96% of its price a day ago. Here are three reasons for the remarkable breakout.
Bitcoin SV Price in USD Graph | Source: TradingView1. “Big News” for Bitcoin SV
The Bitcoinist points to

The bitcoin price surged $538 (+7.8%) on Coinbase overnight and into the morning, pulling back at noon Friday morning. Commentators were quick to link the sudden spike to the U.S. airstrike that killed Iranian General Qasem Soleimani. Are we beginning to see the bitcoin price factor in geopolitical risk? Not likely in this case anyway. Here’s why. The bitcoin price made a swift advance from a 16-day low at $6,853 around 9 pm Eastern Time Thursday night. It reached $7,391 on Coinbase just before noon on the East Coast Friday. Commentators couldn’t help but link bitcoin’s sudden turn to the U.S. airstrike that killed a ranking Iranian general in Iraq.Secretary of State Mike Pompeo said Trump ordered the strike based on intelligence to disrupt an “imminent attack” on American lives in the

Bitcoin delivered investors the highest return on investment (ROI) of any security in any asset class in the 2010s. Jack Dorsey’s Square Crypto says, “This decade was just bitcoin warming up.” Here are four reasons to expect even more from bitcoin in the 2020s. Square Crypto, the bitcoin division of Twitter founder Jack Dorsey’s Square Payments, rang in the new decade with a prediction.Source: TwitterHere are four reasons why Square Crypto’s assessment holds true.Now why should you take any of these reasons seriously? Before you read this list, you may want to review this article I wrote in Feb 2019… The headline was, “10 Reasons Bitcoin Will Party Like 2017 for a Massive Bull Run in 2019,” and in it I correctly predicted the 2019 bitcoin bull market.The bitcoin price on Jan 1, 2019 was

Billionaire venture capitalist Tim Draper says the bitcoin price will skyrocket to $250,000 soon after the May 2020 ‘halving’ event.
As astounding as that sounds, Draper’s projections are in line with bitcoin’s historical trend.
Draper correctly predicted the ‘crypto winter’ bear market of 2018-2019 in September 2018. He’s made over $200M from BTC so far.

When Tim Draper talks about good tech investments with enormous profit potential, markets listen. Some of the Silicon Valley venture capitalist’s winning picks include Baidu, Skype, Tesla, SpaceX, and Twitch.
In 2014, Draper made a massive bet on bitcoin. He spent just shy of $19 million for 30,000 BTC sold by U.S. authorities at auction.
Outbidding everyone else, it looked like Draper paid a premium for the coin then. But

The bitcoin price continues to plummet from its 2019 record near $14,000. Crypto investors are worried while critics are gloating. But the cryptocurrency remains the highest performing asset in 2019. And dollar cost averaging BTC investments even outperformed the same Dow exposure since bitcoin’s all time high price in 2017. Bitcoin’s price is continuing its long slide since June. As the Dow set another all time record high Monday, bitcoin took another steep plunge below $7,000. A second drop off Tuesday sunk bitcoin to $6,600. Crypto analysts point out “dismal” trading volumes create a perfect storm for volatility. Lower volume makes its easier for whale-sized trades to rock the boat. Chainalysis data suggest PlusToken scammers have recently sold off 25,000 BTC after a hasty exit from

The FBI arrested an Ethereum developer in Los Angeles on Thanksgiving for teaching North Korea about cryptocurrency.The Manhattan US Attorney’s office says the 36-year old Virgil Griffith helped North Korea to evade international sanctions.The former hacker and tech idealist has been flirting with disaster for years. The New York Times did an eerily prophetic profile on him in 2008.The FBI arrested a 36-year old Ethereum developer from Alabama at the Los Angeles International Airport on Thanksgiving. The Manhattan US Attorney’s office announced Virgil Griffith’s arrest in a press release on Friday. U.S. Attorney Geoffrey S. Berman alleged:Virgil Griffith provided highly technical information to North Korea, knowing that this information could be used to help North Korea launder money and

Bitcoin options traders on a major bitcoin futures market are expecting the bitcoin price to keep cooling through June 2020.If their market consensus projections hold true, bitcoin’s price won’t be getting a boost from May 2020’s halving.On the bright side, bitcoin futures are pricing in a 4% probability of a new all time high price above $20,000 in June.Bitcoin futures traders are bundling up for a long crypto winter. According to Skew Analytics data, bitcoin futures markets project a less than 40% chance that bitcoin will trade higher in June 2020 than it does today. Bitcoin price. | Source: TradingViewThe price of bitcoin jumped over $700 past $7,600 by mid-afternoon Wednesday. On its way up, it crashed through key resistance around $7,400. Traders bought a sizable chunk of November’s

You could say Warren Buffett is loaded for bear. The “Oracle of Omaha” says he’d like to make permanent investments in U.S. companies with decent long term prospects, but not while the U.S. stock market is so overpriced. Maybe he should buy Bitcoin instead.Buffett Pines for ‘Elephant-Sized’ AcquisitionIn his 2019 annual letter to Berkshire shareholders, Buffett wrote:“In the years ahead, we hope to move much of our excess liquidity into businesses that Berkshire will permanently own. The immediate prospects for that, however, are not good: Prices are sky-high for businesses possessing decent long-term prospects.”Buffett added that he and long-tenured Berkshire Vice Chairman Charlie Munger “continue, nevertheless, to hope for an elephant-sized acquisition.”“Even at our ages of 88 and 95 —