Mary Jane

Jan 16, 2025 | chainaffairs.com | Mary Jane

Spot Bitcoin ETFs have experienced a significant rebound in inflows following a drop in the Core Consumer Price Index (CPI) for December, which ignited rallies in both global equity and crypto markets. On Wednesday, Bitcoin ETF inflows surged to $755 million, with Fidelity’s FBTC leading the way, attracting $463 million. This surge coincided with Bitcoin’s price soaring past the $100K mark, driven by a robust uptick in the S&P 500.

Jan 15, 2025 | chainaffairs.com | Mary Jane

Bitcoin (BTC) continues to prove its unparalleled resilience as it reclaims the $97,000 target, reigniting bullish sentiment in the cryptocurrency market. Despite ongoing fluctuations, the latest rally has spurred renewed confidence, with BTC surging towards higher price points. The Crypto Fear & Greed Index now stands at 70, reflecting a ‘Greed’ sentiment, signaling that investors are optimistic about Bitcoin’s upward trajectory.

Jan 15, 2025 | chainaffairs.com | Mary Jane

Ethena token (ENA), which experienced a meteoric rise in late-2024, is now navigating a challenging phase with a significant downtrend. Currently trading at $0.81, ENA has faced a series of losses, including a notable dip below its critical support level of $0.86. Over the past 24 hours, the token has shown no significant price movement, reflecting a market in a state of indecision. ENA briefly recovered to $0.83 on January 14, after plummeting to $0.7255 earlier in the week.

Jan 15, 2025 | chainaffairs.com | Mary Jane

The cryptocurrency market has extended its recovery, driven by optimism surrounding easing inflationary pressures following a favorable U.S. wholesale price report. Among the standout performers are Cardano (ADA), Hedera (HBAR), and Stellar (XLM), each demonstrating notable gains and captivating both traders and long-term investors with compelling technical setups. Cardano has entered a bullish phase, breaking above its $1.026 neckline on a double-bottom pattern.

Jan 15, 2025 | chainaffairs.com | Mary Jane

Bitcoin (BTC) is gearing up for a potential price breakout by the end of January, driven by market expectations surrounding the United States Federal Open Market Committee (FOMC) meeting on January 29, according to Markus Thielen, head of research at 10x Research. Currently priced at $96,794, Bitcoin is forming a “narrowing triangle” on the charts, signaling that a breakout is imminent. Thielen explains that this technical pattern could lead to significant price movement in either direction.