United States President-elect Donald Trump is among the prominent global leaders with a substantial holding of cryptocurrencies , standing out as an influential player in the digital assets space. Notably, Trump has emerged as a darling of the sector despite initially objecting to the value of cryptocurrencies. As of January 12, his cryptocurrency portfolio featured over 50 different assets. Trump’s cryptocurrency holdings Indeed, Trump’s cryptocurrency collection is dominated by about 70% meme coins, mostly emanating from gifts, Ethereum ( ETH ) from NFT sales, and direct investments in Ethereum and Wrapped Ethereum, enhanced by his political and business projects. As of the latest data, his portfolio was valued at approximately $18.33 million. Value of Trump’s cryptocurrency holdings. Source: Arkham For investors interested in copying the Trump portfolio, most assets have rallied over the past year in tandem with the general cryptocurrency market. Notably, part of this rally was inspired by Trump’s election, as he has promised to spearhead the growth of the sector in the U.S. It’s worth noting that although meme coins dominate his portfolio, several prominent and popular digital assets such as Bitcoin ( BTC ), Ethereum, XRP , Solana ( SOL ), and Dogecoin ( DOGE ) exist. These assets have seen positive returns over the period, led by Bitcoin, which saw a record high of over $100,000. Investing in Trump’s portfolio Now, what if you had invested $1,000 in his portfolio, splitting it equally across the five key assets he holds? In this case, if you had divided your $1,000 equally across Bitcoin, Ethereum, XRP, Solana, and Dogecoin, each digital asset would receive an allocation of $200. In this line, Bitcoin experienced a 115.35% rally between January 1, 2024, and January 12, 2025. With $200 invested in the maiden digital currency, your investment would have grown to $430.70. Ethereum saw a 40.01% increase, meaning an initial $200 investment would now be worth $280.02. XRP, the standout performer, surged by 303%. A $200 investment in XRP would have grown to $806.00. Solana saw a 73.58% rise, so your $200 investment would now be valued at $347.16. Dogecoin, the most volatile asset in this mix, delivered an eye-popping 277.77% return. A $200 investment in the meme coin would have appreciated $755.54. The $1,000 initial investment would have grown to $2,619.42 by January 12, 2025, reflecting a total return of 161.94%. While these cryptocurrencies have experienced significant gains, it’s important to note that they represent just a small fraction of Trump’s broader digital asset portfolio, as his holdings span over 50 digital assets. Notably, replicating the entire collection isn’t necessarily feasible for the average investor, as many of these assets are part of a broader strategy that includes high-risk and more stable digital assets. Furthermore, Trump’s portfolio dominance by meme coins, assets known for their volatility, introduces an added layer of risk to the potential rewards. Featured image via Shutterstock The post If you put $1,000 in Donald Trump’s crypto portfolio at the start of 2024, here’s your return now appeared first on Finbold .

2025-01-12 21:36

After Bitcoin ( BTC ) attained a record high of above $100,000, one of the dominating opinions in the market is the asset’s potential to make further gains. However, some players foresee a possible plunge before attempting another all-time high. In this line, legendary trading expert Peter Brandt has raised the possibility of Bitcoin experiencing one final “dump” or an extended period of consolidation before its next significant move upward. In an X post on January 12, the expert backed his analysis with data showcasing Bitcoin’s recent price history identifying phases he labeled as “pump,” “hump,” and “dump.” Bitcoin price analysis chart. Source: Peter Brandt Notably, a “pump” is a period of rapid upward momentum, like Bitcoin’s rise from $70,000 to above $100,000 in late 2024, driven by strong buying and bullish sentiment amid the general post-election optimism. A “hump” follows as the rally slows and encounters resistance, as seen in Bitcoin’s December plateau that has culminated in the current consolidation around the $95,000 spot. Lastly, a “dump” represents a downward correction due to a possible profit-taking or fading momentum, with Brandt suggesting another possible dip to $73,018 if key support fails. Brandt observed the price action, noting that markets often do not falter until retail traders grow fatigued, a common precursor to major price movements in cryptocurrency . “The big question in my mind is whether Bitcoin will get one more dump (or more lengthy congestive chop) before the pump. Remember, markets generally do not sour until retail traders get worn out,” he said. Bitcoin’s critical juncture Another prominent cryptocurrency analyst, Ali Martinez, shared a similar outlook. In an X post on January 11, Martinez projected that Bitcoin could surge to as high as $140,000 or face a pullback to $67,000. These projections are based on two key patterns observed on the 12-hour BTC chart: a bull pennant and a head-and-shoulders formation. Bitcoin price analysis chart. Source: TradingView The bull pennant, characterized by an initial price rally followed by consolidation with converging trendlines, signals a bullish continuation. On the other hand, the head-and-shoulders pattern, featuring a central peak (head) flanked by two lower highs (shoulders), points to a possible bearish reversal. As Bitcoin consolidates around the $95,000 mark, it can be argued that the cryptocurrency is at a critical juncture in determining its next price trajectory. What next for Bitcoin’s price Looking ahead, varied outlooks for Bitcoin persist. Some analysts anticipate the asset doubling in 2025, driven by optimism stemming from the election of Donald Trump , who plans to make the United States a cryptocurrency investment hub. For instance, banking giant Standard Chartered predicts Bitcoin will hit $200,000, mainly driven by institutional investors. Additionally, as reported by Finbold, analyst Gert van Lagen predicted that Bitcoin could reach an ambitious target of $300,000 by March 30, 2025, based on the Elliott Wave Theory, which identifies repetitive market cycles. Meanwhile, as Bitcoin hovers below the $100,000 mark, some analysts, such as Alan Santana, have expressed concerns that continued trading below this level might open the asset to a drop as steep as $40,000. Overall, suppose Trump supports the crypto space, as highlighted during his campaign, Bitcoin will likely see further surges, driven by the excitement surrounding a possible clear regulatory framework that could attract institutional investors. There is also a continued push to have mega-companies convert their cash reserves into Bitcoin to hedge against inflation. For example, with Microsoft (NASDAQ: MSFT ) shareholders rejecting this idea, attention has turned to social media giant Meta (NASDAQ: META ). Specifically, a shareholder has proposed that Facebook’s parent company convert part of its $72 billion cash reserve into Bitcoin. If approved, this move could position Meta as one of the leading traditional companies to hold Bitcoin, potentially catalyzing price growth. Bitcoin price analysis At the time of reporting, Bitcoin showed continued consolidation around the $94,000 mark, with a valuation of $94,900. Over the past 24 hours, the asset has made modest gains of almost 0.5%, while on a weekly timeframe, BTC is down about 1.5%. Bitcoin seven-day price chart. Source: Finbold In summary, Bitcoin appears to be at a critical juncture, with both bulls and bears vying to dictate the next direction for the asset amid the current consolidation around the $94,000 level. Featured image via Shutterstock The post Legendary trader sets Bitcoin next high target after possible dump appeared first on Finbold .

2025-01-12 18:58

A cryptocurrency trading expert has pointed out that an XRP price breakout is already confirmed following the short-term bullish momentum, and investors should anticipate further surges. According to Alan Santana, XRP is showing potential for a higher shift, having broken above a descending trendline after weeks of consolidation following its December 2024 peak, as indicated in his TradingView post on January 12. XRP price analysis chart. Source: TradingView/Alan Santana Santana’s outlook noted that after a sharp bullish rally late last year, inspired by post-election optimism, XRP entered a retracement phase that evolved into a consolidation pattern. This pattern, often considered a 50/50 scenario where price action can break up or down, has now decisively favored the bulls. He added that broader market conditions in 2025, particularly in this post- Bitcoin -halving year, have created an overwhelmingly bullish environment for cryptocurrencies , tipping the odds in favor of upward momentum. XRP price levels to watch The expert noted that the short-term bullish momentum is a critical development, as it confirms bullish dominance and sets XRP on course to retest significant price levels. The first target for XRP is $2.70, a retest of its last major high. Should the bullish momentum persist, Santana anticipates that $2.90 could also come into play. Ultimately, this target may push the asset to the coveted $3 mark. “The break of the pattern upper resistance indicates an advance to the last high, that is a minimum of $2.7. This can go higher and $2.9 be challenged. A bullish breakout is now confirmed,” the expert stated. On the other hand, for the possibility of new all-time highs, an analysis by Cryptoinsightuk in an X post on January 12 highlighted $2.61 as the critical price to watch. If XRP closes above this level, its upward trajectory could solidify. Such a close would signal sustained bullish sentiment and strengthen the case for further gains in the coming weeks. XRP price analysis chart. Source: TradingView At the same time, as reported by Finbold, another pseudonymous analyst, The Great Mattsby , projected that XRP was ‘just days away’ from another record-high breakout. This projection is based on XRP’s short-term technical strength. Indeed, this bullish outlook is backed by token whales accumulating XRP, a significant development for the Ripple-affiliated asset. XRP also faces several bullish fundamentals that are likely to spur price growth. For instance, the community is anticipating the conclusion of the long-standing legal tussle between Ripple and the Securities and Exchange Commission ( SEC ). This expectation has heightened due to President-elect Donald Trump’s nomination of crypto-friendly Paul Atkins to replace outgoing SEC Chair Gary Gensler . Additionally, there is a growing expectation that the new SEC administration will likely consider approving a spot XRP exchange-traded fund ( ETF ). In this line, Nate Geraci, an ETF analyst, has projected that the product will likely be approved this year. My 10 crypto-related ETF predictions for 2025… https://t.co/uDj1OCkaVQ pic.twitter.com/ye3zA2sinV — Nate Geraci (@NateGeraci) January 11, 2025 This optimism follows Ripple President Monica Long’s statement that XRP could be next in line for a spot ETF approval amid pending applications from firms like WisdomTree, Bitwise, Canary Capital, and 21Shares. XRP price analysis By press time, XRP was trading at $2.48, having gained over 4% in the last 24 hours, while on the weekly chart, the asset has risen nearly 6%. These short-term gains are noteworthy, as they emerged during a bearish sentiment in the general market. XRP seven-day price chart. Source: Finbold XRP is maintaining a strong position above its 50-day simple moving average ( SMA ) price of $2.15 and its 200-day SMA of $0.97, signaling a robust uptrend. For XRP to sustain its current momentum, investors need to monitor how the asset interacts with the $2.50 level. Sustained gains above this mark could signal a continued uptrend, while failure to hold above it might suggest a reversal. Featured image via Shutterstock The post Expert identities XRP key levels to watch as ‘bullish breakout is confirmed’ appeared first on Finbold .

2025-01-12 13:59

United States House Representative Guy Reschenthaler is the latest member of Congress to reveal their investment in digital assets . According to recently filed disclosures, Reschenthaler owns stakes in XRP , Solana ( SOL ), and Bitcoin (BTC). The filings indicate that his Congress trade ranged between $1,000 and $15,000. Receive Signals on US Congress Members' Stock Trades Stocks Stay up-to-date on the trading activity of US Congress members. The signal triggers based on updates from the House disclosure reports, notifying you of their latest stock transactions. Enable signal These investments come amid heightened cryptocurrency market volatility, with Bitcoin struggling to surpass the $100,000 resistance level. Additionally, his investment in XRP has emerged at a crucial juncture. The token has broken out of a prolonged consolidation below $1 amid anticipation of possible further gains especially if the upcoming Securities Exchange Commission (SEC) chair pushes for a lenient resolution in the Ripple case. XRP seven-day price chart. Source: Finbold However, the overall market sentiment remains bullish, driven by post-election optimism following the victory of pro-crypto President Donald Trump . Notable Congress cryptocurrency investors It’s key to point out that Reschenthaler is not alone in his cryptocurrency ventures. For instance, Representative Mike Collins reported an investment in the Ski Mask Dog (SKI) meme cryptocurrency earlier this year. Notably, Collins is among Congress’s most active cryptocurrency traders, having invested nearly $400,000 in digital assets since December 2023. His portfolio includes Ethereum ( ETH ), Aerodrome (AERO), The Graph (GRT), and Velodrome (VELO), with some of these investments having been described as ‘ wild .’ Lawmakers Barry Moore and Jeffrey Jackson are also noted for their interest in cryptocurrencies. Reports indicate that the number of Congress members investing in digital assets has surpassed ten over the years. However, this figure remains modest compared to those holding stock portfolios. U.S. crypto regulations Although lawmakers are showing an inclination towards digital assets, the U.S. still grapples with a lack of comprehensive cryptocurrency regulations. Speculation suggests that the incoming Trump administration could usher in more favourable policies for the sector, including initiatives such as a proposed Bitcoin reserve. Such an environment has the potential to trigger a price rally. Notably, lawmakers were required to disclose cryptocurrency holdings starting in 2018, following the implementation of new transparency laws. As a result, it is unclear how many politicians were involved in digital assets before this requirement. Despite these regulations, concerns persist about the ethical implications of elected officials holding cryptocurrencies . To this end, Massachusetts Senator Elizabeth Warren, a vocal critic of digital assets, has described crypto investing by lawmakers as “a terrible conflict of interest.” Featured image via Shutterstock The post U.S. Congress member discloses cryptocurrency trade appeared first on Finbold .

2025-01-11 22:19

Bitcoin’s ( BTC ) current price cycle has the potential to culminate in an all-time high of about $300,000 in the coming months, according to observations by a cryptocurrency trading expert. Gert van Lagen noted that Bitcoin will likely hit the target by March 30, 2025, in a projection guided by the Elliott Wave Theory, a framework used to identify repetitive cycles in financial markets, he said in an X post on January 11. Bitcoin price analysis chart. Source: Subtrack/Gert Van Lagen “Bitcoin’s bull market since 2009 is projected to peak at ~$300K by March 30, 2025,” he said. If this price level is attained, it will mark a price growth of almost 220% from the current valuation, placing Bitcoin’s market cap at approximately $6 trillion. Van Lagen’s analysis categorized Bitcoin’s price journey since 2009 into five distinct waves. Each wave represents a phase of market psychology, moving through periods of euphoria, correction, and consolidation. The present phase, termed the “blow-off wave,” has been unfolding since 2019. Historically, these blow-off waves have exhibited steep upward trends, forming angles of at least 78 degrees on logarithmic charts, a recurring indicator of a market’s final explosive rally. The concept of Bitcoin blocks also plays a crucial role in this forecast. Bitcoin blocks are units of data added to the blockchain roughly every ten minutes. Van Lagen’s analysis identified block 890,000 as a critical marker where the blow-off wave is projected to peak. The network has reached block 878,654 (as of January 10, 2025), leaving approximately 79 days until block 890,000 is mined. This timeline aligns with a projected price of $300,000, corresponding to the upper boundary of a long-term trendline that has guided Bitcoin’s price movement for over a decade. What next for Bitcoin price Although the target of $300,000 sounds ambitious, prominent cryptocurrency analyst Ali Martinez has offered a more realistic prediction of Bitcoin hitting $140,000. In an X post on January 11, Martinez pointed out that Bitcoin could be forming a bull pennant, a bullish continuation signal. This formation, marked by consolidation after an upward surge, hints at a breakout toward $140,000 if resistance near $100,000 is breached. Bitcoin price analysis chart. Source: TradingView/Ali_charts Additionally, Fibonacci extensions support targets between $115,000 and $140,000, challenging bearish expectations. Indeed, the $140,000 target closely aligns with another projection by prominent online trading expert TradingShot , who noted that Bitcoin is forming a similar pattern witnessed in early 2024, suggesting the digital currency could peak at $150,000 soon. It’s worth noting Bitcoin has experienced significant volatility in the past week after briefly touching the $102,000 mark. Despite this volatility, Bitcoin has maintained its price above the crucial $90,000 support. Amid the current bearish sentiment, a section of the market expects the maiden cryptocurrency to nearly double this year, driven by hopes of clearer regulations under the Donald Trump administration. However, uncertainty over the Federal Reserve’s rate cut trajectory could pose challenges after offering a hawkish outlook for 2025. The Fed has hinted at fewer cuts than anticipated, tempering optimism as rate cuts historically support Bitcoin, while hikes tend to weigh its price. Bitcoin price analysis Bitcoin was trading at $94,401 by press time, having made modest gains of about 0.12% in the last 24 hours. On the weekly chart, BTC has plunged over 7%. Bitcoin seven-day price chart. Source: Finbold At the current valuation, Bitcoin is showing bearish sentiments in the short term, considering the asset’s price is slightly below its 50-day simple moving average ( SMA ) of $96,585 but well above the 200-day SMA of $73,592, indicating long-term bullish momentum. The 14-day relative strength index ( RSI ) of 47.01 shows neutral momentum, while moderate volatility at 3.62% suggests stable price movement. Despite a bearish sentiment, the Fear & Greed Index at 69 (Greed) reflects market optimism around Bitcoin. Featured image via Shutterstock The post This historical pattern sets date when Bitcoin will hit $300,000 appeared first on Finbold .

2025-01-11 17:42

As XRP’s price attempts a short-term recovery, the token’s technical setup suggests a breakout to a new all-time high backed by massive whale accumulation might be imminent. With XRP holding steady above the crucial $2 support zone, the asset is consolidating near the 0.786 Fibonacci retracement level, a zone commonly associated with bullish trend reversals, according to an analysis by The Great Mattsby in an X post on January 10. In this case, a breakout above the 0.886 Fibonacci level at $2.36 could serve as a launchpad for XRP to surge toward its all-time high. The analysis highlighted XRP’s current strength, which remains above the Ichimoku Cloud, a key indicator that signals a bullish trend. The cloud acts as a support zone, helping to cushion XRP against potential downward price movements. XRP price analysis chart. Source: TradingView/The Great Mattsby Additionally, XRP is trading above the Conversion Line ($2.33) and Base Line ($2.31), reinforcing the strong upward momentum and overall trend stability. The Conversion Line represents short-term price momentum, while the Base Line indicates longer-term price equilibrium, supporting a bullish outlook when the price is above them. Regarding the next price movement, the trading expert noted that XRP might briefly revisit the upper boundary of the Ichimoku Cloud around $2.35 before making its decisive move upward. Should the price break above $2.36, it could ignite a rapid rally to new all-time highs, which he believes might be just days away. “This daily chart suggests that $XRP might just be weeks, if not days away from a breakout towards all-time highs,” the analyst stated. XRP’s price path to $3 Meanwhile, the bullish outlook is also shared by another cryptocurrency trading analyst, pseudonymously known as Captain Faibik , who, in an X post on January 11, suggested that the Ripple -affiliated token might target $3.66. XRP price analysis chart. Source: TradingView/Captain Faibik This optimism is backed by the fact that XRP has broken out of a descending channel, signaling a bullish shift in momentum. The breakout follows weeks of consolidation just above the $2 mark, with XRP now trading near the channel’s upper boundary. Similarly, on-chain data could offer hints about what’s next for XRP. Specifically, data shared by prominent analyst Ali Martinez on January 10 noted that XRP whales have been on a significant buying spree, accumulating approximately 1 billion tokens in just 48 hours. XRP whale transactions. Source: Santiment/Ali_charts Historically, such accumulation often signals increased confidence in an asset and has frequently preceded major price breakouts. It’s worth noting that XRP has previously struggled to breach the $3 resistance zone despite breaking out of a prolonged consolidation period below $1. This earlier move was spurred by optimism about Donald Trump’s election and his perceived positive impact on the cryptocurrency space. To this end, market players believe XRP could extend gains under the Trump administration amid anticipation of crypto-friendly policies and regulators that might lead to more use cases for XRP through its parent company, Ripple. For instance, Ripple’s ability to power transactions could find more applications after David Stryzewski, CEO of Sound Planning Group, claimed that Bank of America (NYSE: BAC ) had been using XRP for 100% of its internal transactions. XRP price analysis At the time of reporting, XRP was trading at $2.36, having rallied by almost 2% in the past 24 hours. Notably, the token has been weighed down by the general bearish cryptocurrency market sentiment on the weekly chart, plunging 3.5% over the same timeframe. XRP price analysis chart. Source: Finbold As things stand, XRP exhibits a bullish bias, considering the asset shows moderate volatility at 5.20% and remains above the 50-day simple moving average ( SMA ) of $2.14. This bias extends to the long-term outlook, as the value remains well above the 200-day SMA of $0.96. The 14-day Relative Strength Index ( RSI ) sits at 54.46, indicating neutral momentum. However, XRP could face some volatility in the coming weeks as Ripple plans another periodic unlock of the asset , with almost $700 million worth of XRP set to hit the market in January. Featured image from Shutterstock The post XRP ‘just days’ away from all-time high breakout, according to analyst appeared first on Finbold .

2025-01-11 13:18