charlotte9586w

@charlotte9586w

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“The ETH options market is leaning bullish, but there’s a touch of caution,” the analyst told Cointelegraph, adding:

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Despite the SEC’s appeal, the market has favored the partial legal victories secured by Ripple Labs in the long-standing case, according to Ryan Lee, chief analyst at Bitget Research.

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The rally came even as the SEC filed an appeal on Jan. 15, challenging a July 2023 ruling by District Judge Analisa Torres that found XRP sales to retail investors did not constitute unregistered securities. The SEC is seeking to have those retail sales classified as such.

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Bitcoin ETFs displayed a similar dynamic, with BlackRock’s iShares Bitcoin Trust (IBIT) clocking approximately $37 billion in 2024 net inflows against more than $20 billion in net outflows from Grayscale Bitcoin Trust (GBTC).

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Bitcoin has only seen four halvings so far, with nearly thirty halving events yet to occur. “It’s difficult to imagine that all these halvings will follow the same predictable four-year pattern,” said Kalchev, especially as broader macroeconomic and political factors—such as central bank policies and regulatory developments— exert more significant influence on Bitcoin’s market trajectory.

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Coinbase previously communicated plans to delist MiCA-restricted stablecoins in October, inviting users to convert their holdings in noncompliant coins into other stablecoins like USDC.

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“The provider of virtual asset services is prohibited from transferring virtual assets denominated in foreign currency to a self-custodial portfolio,” the proposal states.

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The proposal is part of draft regulation and is subject to public consultation until Feb. 28, 2025.

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Brazil is considering a potential ban on stablecoin withdrawals to self-custodial wallets, coinciding with the Brazilian real hitting all-time highs against the United States dollar.

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Today in crypto, Brazil, the second-largest market for stablecoin transactions, could be set to ban stablecoin withdrawals to self-custodial wallets like MetaMask, Ripple’s XRP flipped both Tether and Solana’s market cap, but an analyst warns it could be “leverage driven.”

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Saylor also claimed that BTC could add up to $584 to Microsoft’s share price in the next decade. “You can create trillions of dollars of enterprise value. You can strip away risk from your shareholders,” he added.

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Saylor said Microsoft should convert its dividend payouts, stock buybacks, cash flows and debt into Bitcoin, adding that this would add “hundreds of dollars” to the company’s stock price.

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In a pitch to Microsoft’s board, the MicroStrategy chair and Bitcoin bull said that Microsoft could increase its market capitalization by almost $5 trillion if it goes all-in on Bitcoin. Saylor said that Microsoft cannot afford to miss the next tech wave and that “Bitcoin is that wave.”

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Beyond expanding its own Bitcoin holdings, MicroStrategy executive chairman Michael Saylor has called on tech giant Microsoft to adopt a similar strategy.

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The funding for the massive purchase came from multiple sources, including a private offering of 0% convertible senior notes due in 2029, as well as proceeds from the company’s ongoing at-the-market equity program.

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Between Nov. 18 and 24, the company acquired 55,000 BTC for $5.4 billion at an average price of $97,862 per coin, according to a regulatory filing.

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This is because Bitcoin is set to surpass the $100,000 valuation in the short term, according to Anndy Lian, author and intergovernmental blockchain expert.

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While temporary corrections are an organic part of crypto bull markets, most analysts don’t expect the current correction to be long-lived.

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While historical chart patterns aren’t always accurate in predicting future price action, a potential 30% correction from $99,800 would hypothetically tank Bitcoin price below $70,000.

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While most analysts agree that topping $100,000 is only a matter of time, some analysts expect a deeper retracement before the milestone high.

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