Bitcoin (BTC) and Ethereum (ETH) rose on Thursday, reversing initial losses after the Federal Reserve held interest rates steady and reiterated concerns about inflation. Bitcoin climbed 2.6% in early trading to trade above $105,
Bitcoin’s market dominance is fueled by strong ETF inflows, political backing, and Ethereum’s continued underperformance.
A new research report analyzing token popularity in crypto casinos reveals that while Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) continue to dominate the market, alternative cryptocurrencies like Litecoin (CRYPTO: LTC) and Dogecoin (CRYPTO: DOGE) are gaining traction.
Donald Trump’s most recent cryptocurrency moves reveal a more substantial alignment with Ethereum rather than Bitcoin.
A notable development adding to market interest has been the involvement of Trump-affiliated World Liberty Financial (WLF). The decentralized finance project made headlines in December 2024 by purchasing 722 ETH, valued at approximately $2.5 million at current market prices.
Ethereum maintains price levels above $3,100 as exchange reserves hit multi-year lows, creating a potential supply squeeze despite mixed technical signals and relative weakness against Bitcoin.
Grayscale launches a Bitcoin mining ETF on NYSE Arca, providing targeted exposure to top Bitcoin mining firms like Marathon and Riot.
Standard Chartered placed its forecast for bitcoin at $200,000 for the end of 2025, while global investment manager VanEck believes the first quarter of the year might see bitcoin reaching a high of $180,000. Others like Bernstein estimate that the world’s largest cryptocurrency will scale $200,000 later this year.
That's not confirmed, but it's the fear of the market today and fear and uncertainty aren't things the market likes. Tech has fueled a lot of the market's gains over the past two years so it's no surprise it will fuel its fall as well.
Inflows to crypto products hovered around $2 billion for the second week in a row, with Bitcoin seeing more than 80% of those inbound funds.
As Bitcoin continues to chart new highs on the back of institutional adoption, demand for DeFi services is expected to grow.
Bitcoin, Ethereum, and Ripple are nearing critical support levels, risking further corrections if they close below.