Will Bitcoin Hit $115K? Are We on the Brink of Epic Joy?

Will Bitcoin Hit $115K? Are We on the Brink of Epic Joy?

Today’s crypto news is buzzing with excitement! Will Trump‘s 100-day speech end Bitcoin’s ‘compressing’ range? BlackRock Bitcoin ETF has bought $970M in BTC, leading to surging inflows. Bitcoin is targeting $115K as the BTC supply metric nears the historic euphoria zone. Meanwhile, Loopscale has recovered $2.8M after a weekend DeFi hack. The US DOJ is requesting a 20-year sentence for Celsius founder Alex Mashinsky. Bitcoin is in a ‘critical zone’ as a triple breakout meets the $93.5K support battle. Is the Paws Telegram mini app legit? We’ll find out! Additionally, 1inch has launched on Solana with crosschain swaps in the pipeline. A Russian ruble Stablecoin executive lists seven ‘Tether replica’ features. Finally, Abu Dhabi institutional giants are teaming up for a dirham stablecoin. Let’s dive into the details!

Trump’s 100-Day Speech and Bitcoin’s Range

Former President Donald Trump is set to deliver a speech regarding his first 100 days in office. Speculation arises about whether his remarks will impact Bitcoin’s price. Currently, Bitcoin is experiencing a ‘compressing’ price range. This could either lead to a breakout or a breakdown. Investors are closely monitoring this event!

BlackRock Bitcoin ETF’s Massive Purchase

BlackRock’s Bitcoin ETF has made headlines by purchasing $970 million in BTC. This massive buy has boosted market confidence and inflows. Investors are optimistic about the potential for Bitcoin’s price to rise significantly. The ETF’s activity is a strong indicator of institutional interest in cryptocurrencies.

Bitcoin Aiming for $115K

Analysts are predicting that Bitcoin could hit $115K soon. This comes as the BTC supply metric approaches a historic euphoria zone. A surge in demand and limited supply could push Bitcoin’s price higher. Investors are excited about the potential for big gains in the near future!

Loopscale’s Recovery Post-DeFi Hack

Loopscale has successfully recovered $2.8 million after a DeFi hack over the weekend. The platform is now in talks regarding bounties for information on the hack. This recovery highlights the resilience of DeFi platforms in the face of challenges. Security remains a top priority for the crypto community.

US DOJ’s Request for Mashinsky’s Sentence

The U.S. Department of Justice is seeking a 20-year sentence for Celsius founder Alex Mashinsky. This request comes amid ongoing investigations into Celsius’s operations. Mashinsky’s case has raised questions about accountability in the crypto space. The outcome may set a precedent for future cases.

Bitcoin’s Critical Zone and Support Battle

Bitcoin is currently in a ‘critical zone’ as it faces a triple breakout. This situation coincides with a battle at the $93.5K support level. Traders are watching closely, as this could determine Bitcoin’s next move. A breakout could lead to significant price increases.

Paws Telegram Mini App: Legit or Not?

The Paws Telegram mini app is gaining attention in the crypto community. Users are questioning its legitimacy and functionality. Always do your research before using new apps! Ensure they are secure and trustworthy before diving in.

1inch’s Launch on Solana

1inch has officially launched on the Solana blockchain! This move includes plans for crosschain swaps. The integration aims to enhance user experience and liquidity. It’s an exciting development for traders looking for more options!

Russian Ruble Stablecoin Features

A Russian ruble stablecoin executive has outlined seven features resembling Tether. These features aim to provide stability and reliability. The stablecoin market continues to evolve with innovative solutions. Investors are keen on understanding these new offerings.

Abu Dhabi’s Dirham Stablecoin Collaboration

Institutional giants in Abu Dhabi are teaming up to create a dirham stablecoin. This collaboration aims to enhance financial transactions in the region. Stablecoins are becoming increasingly popular for their stability and ease of use. The Abu Dhabi initiative could pave the way for more regional stablecoins.

Key Points

• BlackRock Bitcoin ETF purchases $970M in BTC, boosting market confidence.
• Bitcoin targets $115K as supply metrics indicate potential euphoria.
• Loopscale recovers $2.8M after a DeFi hack, highlighting security concerns.