Schlagwort: crypto business

• Bitcoin tested the $92,000 level yesterday after falling from a weekly high of $102,000 as sell pressures mounted.
• Macroeconomic factors cause doubts about the market strength as sticky inflation becomes a concern.
• Spot crypto ETFs logged large outflows on Wednesday following the release of the Fed meeting notes.

Bitcoin’s price has fallen from a high of $102,667 reached on Tuesday, Jan. 7 to $94,890.00 as of publishing, but remains within the last H4 demand zone.

While the demand zone between $92,000 and $97,000 may be the last support level on the H4 timeframe, a broader market view shows that BTC is in a premium zone on the daily time frame, so a push below $92,000 still puts the price in bullish territory overall.

The best technical buy levels would be either at the last break of structure on the daily time frame or at the 50% Fibonacci level from the lowest point to the break.

There are two fair value gaps from which the price could react. While they are not major zones, they could support a continuation back to the external high at $108,000 or a brief relief rally before continued sell to the first probable support zone.

This is all predicated on Bitcoin breaking below the $91,000 level.

Meanwhile, spot crypto ETFs recorded outflows on Wednesday, Jan. 9 after the release of the Fed meeting minutes which shows that the Fed is cautious about inflation and the effects of Trump’s incoming policies.

BTC ETFs bled $568.8Mn on Wednesday while ETH ETFs lost $159.4Mn with the biggest outflows from Fidelity ($258.7Mn for BTC and $147.7Mn for ETH).

The post Bitcoin Price Analysis: Economic Headwinds Push Price Lower appeared first on CoinJournal.

• Republican Wyoming Senator Cynthia Lummis has been picked to chair the crypto subcommittee
• Lummis, a crypto advocate, filed the Bitcoin Act of 2024 bill last month
• Other Republican members of the crypto subcommittee include Senators Bernie Moreno from Ohio, Dave McCormick from Pennsylvania, Thom Tillis from North Carolina and Bill Hagerty from Tennessee

The US Senate Banking Committee is preparing to create its first-ever crypto subcommittee with Republican Wyoming Senator Cynthia Lummis set to chair it.

South Carolina Senator Tim Scott, the chair of the Senate Banking Committee, has prioritized creating the crypto subcommittee, and is aiming to copy the success of the House Financial Services Committee. Established by former North Carolina Congressman Patrick McHenry, the House Financial Services Committee introduced a crypto subcommittee in 2023.

Crypto-friendly Republican French Hill, who was voted in last year to chair the House Financial Services Committee, announced yesterday that Republican Bryan Steil is to lead the digital assets subcommittee.

Scott has, reportedly, picked Lummis – a crypto advocate – to chair the crypto subcommittee. This was first reported by Punchbowl News and later confirmed by FOX News. A vote is expected to take place in the next few days.

In July, Lummis filed legislation for a Bitcoin Act of 2024 bill, proposing a Bitcoin strategic reserve for the US.

An internal memo seen by FOX News shows that Republican members of the crypto subcommittee include Ohio Senator Bernie Moreno, Pennsylvania Senator Dave McCormick, Senator Thom Tillis from North Carolina and Senator Bill Hagerty from Tennessee.

It’s not known which Democratic Senators will join the crypto subcommittee; however, Massachusetts Senator Elizabeth Warren, known for being anti-crypto, is the top Democrat on the Senate Banking Committee.

The post Rep. Senator Cynthia Lummis selected to chair crypto subcommittee appeared first on CoinJournal.

Dogecoin’s price increased by over 200% this year, offering investors noteworthy rewards. Still, 2025 holds even better opportunities since history seems to be preparing to repeat itself. Dogecoin’s price is now creating a pattern similar to its mega rallies in 2017 and 2021. According to a number of experts, this may spark a massive rally for DOGE, possibly bigger than in past years. Eventually, DOGE could even reach $10, according to these analysts.

But although DOGE may perform well in 2025, traders are now eyeing a Dogecoin alternative that’s currently priced at just $0.17.

Dogecoin (DOGE): A Repeat of Historical Patterns?

Dogecoin has dropped 26% on the monthly chart. However, historical patterns suggest that DOGE could rally to $10, replicating its 2021 bull run.  This prediction is based on past parabolic growth patterns, which several analysts have highlighted. 

DOGE jumped 212% in 2017, fell 40%, and then shot up by 5,000%. In 2021, it also jumped 476%, dropped 56%, and then surged an incredible 12,000%.  In 2024, Dogecoin climbed 440% before retracing 46%, aligning with previous cycles. If history repeats, the next rally could see DOGE climb to between $5 and $20, potentially marking a 20,000% gain at the higher end of that projection. 

Current support levels are at $0.20–$0.30, while resistance near $0.75 mirrors its 2021 peak. The anticipated timeline sees a potential price dip through April 15, followed by an aggressive rally starting May 5 and peaking mid-August. Analysts also predict a cycle peak between February and May 2025, tied to Bitcoin’s first top. 

Year four in Dogecoin’s cycle often marks defining moments, with significant milestones driven by mainstream adoption and technological growth. Many traders are looking forward to 2025, the year Dogecoin might reach unheard-of heights, possibly approaching $10 as adoption increases and the ecosystem grows.

The Rise of Dogecoin and Its Challenges

Celebrity endorsements and community excitement drove most of Dogecoin’s explosive climb in 2021. However, despite forecasts that it would hit $10, DOGE’s lack of practical value worries traders. Dogecoin is now creating similar trends from 2017 and 2021. This hints at a possible rally soon. Experts even believe the rally might be more than that of 2021, setting a new all-time high of $10. Dogecoin remains a speculative asset with no significant use cases beyond community-driven projects. Because of this limitation, traders are exploring alternatives with stronger fundamentals, such as Rexas Finance (RXS).

Why Rexas Finance Stands Out

Rexas Finance is a more exciting option for traders seeking high returns and long-term viability. Unlike Dogecoin, which thrives on hype, Rexas Finance offers real utility through real-world asset (RWA) tokenization. Rexas Finance transforms traditional assets like real estate and commodities into blockchain-based tokens. This process democratizes investment access, enhances liquidity, and reduces transaction costs. Its use case extends into providing technological solutions for investors. The Rexas Token Builder, its flagship product, allows investors to create tokens, while the QuickMint Bot makes it easy to create tokens straight from your smartphone. The Rexas Estate is a platform for real estate investment, both fractional and whole. The Rexas AI Shield provides robust security for smart contracts. 

Unprecedented Growth and Momentum

The Rexas Finance presale has gained traction, selling ten stages within four months. At stage eleven, the RXS price has risen to $0.175, a significant 483% increase from the initial $0.03. So far, Rexas Finance has attracted a large crowd of investors, leading to the quick sales of 391 million tokens, raising $35 million. 

Rexas Finance is listed on CoinMarketCap and CoinGecko and has completed its Certik Audit. The next milestone is its token launch, which is planned for high-profile exchanges. This token listing will expose RXS to a broader audience and provide liquidity. While Dogecoin’s potential rally remains speculative, Rexas Finance offers a clear path to growth through its groundbreaking RWA tokenization. Rexas Finance leverages the problems in traditional finance to create new opportunities in the lucrative RWA market. This allows it to benefit from the trillion-dollar market and deliver explosive returns. It boasts not only high profit but also long-term sustainability. 

RXS to $18: Delivering Greater Returns in 2025

Rexas Finance is set to create wealth in 2025, with analysts predicting a remarkable rally. The presale success and projected exchange listings set the stage for RXS to surpass expectations, with analysts suggesting a potential price of $18 by 2025. This drives more returns on investment than DOGE, making it a more attractive option. 

Rexas Finance is currently hosting a giveaway with twenty lucky winners, each receiving $50,000 worth of RXS. This has helped build a stronger community and reward investors. As the token listing draws near, Rexas Finance presents a lucrative opportunity for investors, especially at its current price of $0.175. Investors can invest at a low cost for the possibility of a remarkable profit. 

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

The post Dogecoin price could hit $10 if it repeats its 2021 run, so why are traders focused on this $0.175 DOGE alternative? appeared first on CoinJournal.

• Aptos Foundation announced that Aptos was leveraging Chainlink’s Price Feeds.
• The integration will see Aptos developers tap into real-time price data.

Aptos has integrated Chainlink Data Feeds as it looks to bring real-time, tamper-proof data to network developers.

In an announcement on Jan. 9, the Aptos Foundation said integrating with Chainlink will see Aptos developers leverage off-chain data in real time. This will happen via Chainlink Price Feeds, a critical solution in the decentralized finance ecosystem

“We are excited that Aptos has adopted the Chainlink standard. Chainlink Data Feeds will greatly enhance the reliability of applications built on the network, and we look forward to seeing the innovative ways developers leverage it,” said Thodoris Karakostas, head of blockchain partnerships at Chainlink Labs.

Aptos integrates Chainlink standard

The integration will bolster Aptos’s growth as a web3 platform, fostering an environment for further blockchain innovation. Developers can leverage Chainlink to access the latest oracle tools for building dApp solutions.

“The Chainlink standard enables developers to access high-quality, tamper-proof data, which is vital for building secure applications,” said Bashar Lazaar, head of grants and ecosystem at Aptos Foundation.

Features key to the Chainlink Data Feeds and which developers and blockchains tap into across the industry include high-quality data, reliable nodes, decentralized infrastructure and transparent performance.

Earlier this week, Aave announced that its V3 had deployed on the Aptos testnet. The launch marked the first non-Ethereum Virtual Machine deployment of Aave and will be used to gauge V3’s overall safety, stability and performance on the Aptos network.

This is in anticipation of a potential mainnet launch, the Aave team said.

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