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If Bitcoin (BTC) holds current support levels, the asset could be on track to set a new record high of $175,000 before the end of the year, as per historical technical trends.  In this line, a move to $175,000 would represent a nearly 50% rally from the press-time value of $116,529. Bitcoin seven-day price chart. Source: Finbold Regarding the price outlook, according to market analyst TradingShot , this target is supported by Bitcoin completing a bullish cross on its weekly Stochastic Relative Strength Index (RSI), a signal that has historically marked the start of strong upward moves in the ongoing bull cycle. In a September 16 TradingView post, the analyst highlighted that every occurrence of this signal since November 2022 has triggered significant rallies, ranging from 65% to over 100%.  Bitcoin price analysis chart. Source: TradingView The most recent instance in April 2025 led to a 65.9% surge, the weakest advance of the cycle. Even if Bitcoin mat...

Bitcoin advocate Samson Mow is outlining two possible scenarios for Bitcoin (BTC) as the crypto king hovers below the all-time high reached earlier this week. Mow warns his 352,200 followers on X that if Bitcoin undergoes a “Godzilla or Omega” rally and sucks “all the oxygen out of the room,” altcoins could fall by 30% to 40%. In the second scenario, Mow says, “Altcoin mania peaks, triggering a massive sell-off as the Bagholder’s Dilemma loses equilibrium, BTC goes down briefly then up again, as altcoins tank.” The Bagholder’s Dilemma refers to a psychological trap where an investor holds onto a rapidly depreciating cryptocurrency, refusing to sell in the hope that the price of the asset will recover Turning to Ethereum (ETH), Mow says it is “impossible” for the asset’s market cap to equal the value of 4.6 million BTC. “This has to correct sooner or later.” Ethereum is trading at $4,642 at time of writing, while its market cap sta...

The non-fungible token market ushered in the new year 2025 while in a short recess that came after a market rally. The NFT market retested a bull run in November 2024, shortly after crypto-friendly Trump got re-elected as the United States President. The NFT market bull run pushed trading sales to nearly $1 billion in December 2024. In this article, we have listed some of the top-selling NFTs this first week of 2025. 1. Pudgy Penguins NFT Collection Pudgy Penguins, a globally acknowledged non-fungible token collection from the digital asset firm Igloo featuring a limited set of 8,888 cute penguin birds hosted on the Ethereum blockchain network, is this week’s most-selling NFT collection in the NFT market. In the past 24 hours, the Pudgy Penguins NFT has recorded a trading sales volume of $2.01 million. The Pudgy Penguins NFT has a market capitalization of $674 million and a floor price of $75,894. 2. Lil Pudgy NFT Collection Lil Pudgy, another non-fungible token collection fro...

Ripple’s XRP token has breached the $2 mark for the first time since January 2018. The asset is currently one of the best-performing cryptocurrencies among the top 100 projects. XRP’s price is up 29.4% in the daily charts, 76.9% in the weekly charts, 118.9% in the 14-day charts, and 375.2% over the previous month. The asset has also rallied by 299.6% since December 2023. Also Read: Cardano Breaks Through $1.05: What’s Next for ADA? Source: CoinGecko Why Is XRP Rallying? XRP began its ascent after Donald Trump won the US Presidential election. Market participants are likely betting on Trump’s pro-crypto stance. Many anticipate lenient crypto regulations under Trump’s leadership. Source – Coinpedia Also Read: BRICS: 2 Countries Pay 80% of Trade in Local Currencies, Not US Dollar XRP’s price also struggled over the last few years due to the SEC vs. Ripple lawsuit. The fintech company settled the case earlier this year with a $125 million fine. The settle...