CryptoCurrency
Crypto Price Analysis 1-22: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGWIFHAT: WIF, HEDERA: HBAR, STELLAR: XLM
Bitcoin (BTC) has gained nearly 3% over the past 24 hours, approaching its all-time high at one point as the Trump administration completed its first day in office. Markets were choppy but stabilized after the United States Securities and Exchange Commission unveiled plans to overhaul rules and regulations for the sector. BTC is trading around $105,846 and has registered gains of nearly 10% over the past week.
The crypto market has rebounded over the past 24 hours. Ethereum (ETH) rose nearly 3% to reclaim $3,300 and is currently trading around $3,342. Meanwhile, Ripple (XRP) is up 2.50%, while Solana (SOL) is up nearly 8%, remaining above $250. Dogecoin (DOGE), Cardano (ADA), Chainlink (LINK), Tron (TRX), Sui (SUI), Polkadot (DOT), and Litecoin (LTC) also registered substantial gains. The TRUMP meme coin is also up nearly 15%, gaining a staggering 530% since launch.
SEC Gives Crypto First Win Of Trump Presidency
The United States Securities and Exchange Commission’s new leadership has announced the creation of a task force to develop a clear regulatory framework for digital assets. This is the first attempt by the Trump administration to overhaul crypto policy. Coinbase Chief Legal Officer Paul Grewal said the SEC is moving quickly on Trump’s agenda, stating,
“The president has moved quickly on his agenda. The SEC has made it clear they understand that and want to be a part of that.”
The task force was created by the acting Chair of the SEC, Mark Uyeda. Its primary goal would be to develop a clear and comprehensive regulatory framework for crypto assets. SEC Commissioner Hester Pierce will lead the task force. Pierce has urged the public to collaborate with the SEC to shape the future of crypto. However, she added that the process would require significant time and effort.
“This undertaking will take time, patience, and much hard work. It will succeed only if the Task Force has input from a wide range of investors, industry participants, academics, and other interested parties.”
The task force was announced a day after former SEC Chair Gary Gensler stepped down, and President Trump nominated Uyeda as acting Chair. Trump has nominated Paul Atkins as the next Chair of the SEC. However, the pick is subject to approval from the US Senate. The SEC released a statement on its website regarding the task force, stating,
“Drawing from talented staff across the agency, the Task Force will collaborate with Commission staff and the public to set the SEC on a sensible regulatory path that respects the bounds of the law. To date, the SEC has relied primarily on enforcement actions to regulate crypto retroactively and reactively, often adopting novel and untested legal interpretations along the way. Clarity regarding who must register and practical solutions for those seeking to register have been elusive. The result has been confusion about what is legal, which creates an environment hostile to innovation and conducive to fraud. The SEC can do better.”
TRUMP, MELANIA Meme Coins Crash After Inauguration
The cryptocurrency market witnessed a sharp pullback on Tuesday following the inauguration of Donald Trump. Despite reaching a new all-time high on Monday, Bitcoin (BTC) registered a dramatic drop, falling to $102,408 before recovering on Tuesday. The sharp decline came after Trump emphasized his plans for imposing trade tariffs, amending immigration policy, and energy deregulation. However, Trump did not make any specific references to crypto. Failure to mention crypto in his inaugural speech has left some market watchers disappointed at a time when expectations from the Trump administration regarding digital assets were sky-high. Matthew Dibb, the Chief Investment Officer at Crypto Asset Manager Astronaut Capital, stated,
“I think in the short term there’s a chance this could be a sell-the-news event. The market has some great expectations about a Bitcoin strategic reserve and a loosening of regulations around digital assets, but it’s more likely these developments will be drip-fed over a series of months rather than days. Bitcoin has already retreated … We expect further volatility here and likely a selloff.”
The Trump administration is expected to introduce several regulatory changes and potentially create a Bitcoin strategic reserve. However, Trump’s involvement in the crypto market has led to ethical concerns and concerns about potential conflicts of interest.
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) has registered a marginal dip during the ongoing session as it struggles to build momentum despite surging to an all-time high on Monday. BTC reached $109,350 on Monday but quickly plummeted to test the $100,000 support, dropping to an intraday low of $99,514 before recovering to settle at $102,408. BTC’s price action suggests that despite a bullish market, sellers are keeping pressure on the $100,000 price boundary. Trump’s inauguration day saw significant price volatility but disappointed many in crypto after the president failed to mention BTC, crypto, or a Bitcoin strategic reserve. As a result of the volatility, longs saw significant liquidations. One analyst on X stated,
“I’d take a long from 99.5K~ if offered. I think the gray box needs to hold for local bullishness, and sweeping all the Trump leadup/news PA makes sense. I’d also accept a sweep of the 97K low, but that’s the farthest it should go. Any good amount of time spent past 96-97K and my plan / read is likely off. Inval low 90’s, aiming for new ATH’s.”
The Bitcoin price chart suggests considerable choppiness in the market, and we could see a definitive trend emerge by the end of the week. While BTC has maintained an upward trajectory after recovering from last week’s collapse, it has faced increasing volatility over recent sessions. BTC plummeted to an intraday low of $89,397 on Monday as selling pressure peaked. However, it recovered to reclaim $90,000 and ultimately settled at $94,492. Markets recovered on Tuesday, and BTC registered an increase of 2.19%, going past the 20-day SMA and settling at $96,566. Bullish sentiment intensified on Wednesday as BTC crossed the 50-day SMA, registering an increase of 3.61% and settling at $100,051. Sellers returned to the market on Thursday as BTC dropped to an intraday low of $97,094. However, it recovered from this level and settled at $99,798, ultimately registering only a marginal decline.
Source: TradingView
BTC made a strong recovery on Friday, rising almost 4% to surge past $100,000 and settle at $103,732. However, bearish sentiment and volatility returned over the weekend as BTC plummeted to an intraday low of $101,591 on Saturday before ultimately settling at $103,579. Buyers attempted a recovery on Sunday as BTC surged to an intraday high of $106,552. However, it lost momentum after reaching this level and registered a drop of just over 2% to settle at $101,434. BTC rallied to a new all-time high on Monday when it hit $109,350. However, it rapidly declined after reaching this level and settled at $102,408, registering an increase of nearly 1%. Sellers attempted to drive BTC below $100,000 on Tuesday as the price dropped to an intraday low of $100,173. However, buyers bought the dip, allowing the price to recover. As a result, BTC rose 3.56% and ended the day at $106,054. The current session sees BTC marginally down as sellers look to drive the price below $105,000. However, if market sentiment changes and buyers regain control, BTC could see a move past $110,000.
Ethereum (ETH) Price Analysis
Ethereum (ETH) is trading close to the psychological $3,300 level as it continues to experience volatility, leading to a considerable lack of momentum. ETH’s price struggles come as Ethereum co-founder Vitalik Buterin lashed out at growing criticism of Ethereum Foundation executive director Aya Miyaguchi and calls for her to step down from her role. The ongoing tussle between the Ethereum Foundation and the Ethereum community has also had a detrimental impact on ETH, with the asset underperforming compared to BTC, XRP, and SOL over the past weeks.
ETH’s price chart shows the asset experiencing significant volatility since recovering from an intraday low of $2,927 on Monday. ETH recovered to reclaim $3,000 and settle at $3,137 before registering an increase of 2.85% on Tuesday and moving to $3,336. Bullish sentiment registered a substantial increase on Wednesday as ETH surged past the 20-day SMA, rising nearly 7% to $3,450. However, buyers lost momentum after reaching this level, and ETH dropped 4.10% on Thursday to slip below the 20-day SMA and settle at $3,308. Buyers returned to the market on Friday, with ETH registering an increase of nearly 5% to move past the 20-day SMA and settle at $3,473. Once again, ETH was back in the red on Saturday, dropping nearly 5% to slip below the 20-day SMA and settle at $3,305.
Source: TradingView
Sellers retained control on Sunday after thwarting a recovery attempt. As a result, ETH dropped nearly 3% to $3,212. The current week began with ETH experiencing significant volatility as buyers and sellers attempted to establish control. Buyers ultimately gained the upper hand as ETH rallied to an intraday high of $3,446 before settling at $3,280. Buyers retained control on Tuesday, with ETH rising 1.44% to $3,327. However, ETH is struggling to move past the 20-day SMA, which acted as a dynamic resistance level. The current session sees ETH marginally down and trading just above the $3,320 level. If sellers continue to dominate the market, ETH could decline to $3,000. On the other hand, if buyers regain control, ETH could look to move past the 20-day SMA and push towards $3,500.
Solana (SOL) Price Analysis
Like Bitcoin (BTC), Solana (SOL) too surged to a new all-time high on Sunday, driven by the launch of the TRUMP and MELANIA meme tokens created on the Solana blockchain. The success of both meme coins generated considerable interest in SOL as well, helping boost the price. SOL has been bullish since recovering from an intraday low of $169 last Thursday. SOL recovered on Tuesday, rising 2.58% to $187. Bullish sentiment registered a substantial increase on Wednesday as SOL surged past the 20-day SMA and $200 to settle at $205 after rising nearly 10%. Buyers retained control on Thursday as SOL pushed above the 50-day SMA and settled at $211. Friday saw SOL register an increase of 4% and move to $219.
Source: TradingView
The weekend saw renewed buying activity as SOL surged a staggering 19.19% on Saturday to smash past $250 and settle at $261. Bulls retained control during the first half of Sunday as SOL surged to a new all-time high of $295. However, it could not get beyond this point as buyers lost momentum. As a result, sellers took over, and SOL dropped nearly 4% to $252. Buyers attempted a recovery on Monday as SOL reached an intraday high of $272. However, sellers took control and drove SOL below $250 to $241. The price recovered on Tuesday despite considerable volatility, rising 3.47% to reclaim $250. The current session sees SOL up by 2.31% and trading around $256. Buyers will look to build momentum and push towards $280-$290.
Dogwifhat (WIF) Price Analysis
Dogwifhat (WIF) has been trading in a downward trajectory since the weekend after failing to move past $2 on Sunday. WIF was quite bullish last week despite starting it on a bearish note. The meme coin recovered from Monday’s low to register an increase of nearly 4% on Tuesday and settle at $1.54. Bullish sentiment registered a substantial increase on Wednesday as WIF rallied a staggering 14% and settled at $1.76. With the 20-day SMA coming into play, WIF lost momentum on Thursday and registered a marginal decline. However, it recovered on Friday, rising 6.14% to move past the 20-day SMA and settle at $1.87.
Source: TradingView
Buyers attempted a move past $2 on Saturday as WIF reached an intraday high of $1.98. However, WIF lost momentum at this point and dropped over 5% to slip below the 20-day SMA and settle at $1.77. Bullish sentiment intensified on Sunday as WIF dropped nearly 14% to $1.53. The current week began with WIF firmly in the red, dropping over 9% to $1.38. Buyers returned to the market on Tuesday as WIF rose 4.50% to settle at $1.45. The current session sees WIF marginally down, trading around $1.43.
Hedera (HBAR) Price Analysis
Hedera (HBAR) surged to an intraday high of $0.402 on Friday but has since been trading primarily in the red as selling pressure intensifies. HBAR’s bullish momentum began on Tuesday when it registered a substantial increase of 4.25% to move past the 50-day SMA and settle at $0.287. Buying activity registered a significant increase on Wednesday as HBAR surged past the 50-day SMA and $0.30 to settle at $0.322 after an increase of 12.09%. Bullish sentiment persisted on Thursday as HBAR surged over 12% and moved to $0.361. The price reached an intraday high of $0.402 on Friday. However, buyers lost momentum at this point, and the price dropped to $0.373, an increase of 3.23%.
Source: TradingView
HBAR turned bearish over the weekend, dropping nearly 5% on Saturday and settling at $0.355. Bearish sentiment intensified on Sunday, with the price dropping 8.48% to $0.324. Buyers returned to the market on Monday as HBAR rose to an intraday high of $0.373. However, it could not go higher and ultimately settled at $0.342, registering an increase of 5.32%. HBAR registered a marginal decline on Tuesday, dropping nearly 3% during the ongoing session and trading around $0.327.
Stellar (XLM) Price Analysis
Stellar (XLM) surged past the 50-day SMA last Wednesday after registering a staggering rise of nearly 14% and moving to $0.488. Buyers pushed the price to an intraday high of $0.514 on Thursday. However, XLM lost momentum after reaching this level and dropped 1.28% to $0.482, but not before falling to an intraday low of $0.464. Buyers returned to the market on Friday as XLM rose 1.24% to $0.488. XLM dropped to an intraday low of $0.451 on Saturday as sellers attempted to drive the price below $0.45. However, XLM recovered from this level to register a marginal increase and end the day at $0.49.
Source: TradingView
Selling pressure returned on Sunday as the price plummeted over 11%, slipping below the 20-day SMA and settling at $0.433. The current week began with XLM rising to an intraday high of $0.477. However, the price could not push higher and ultimately settled at $0.445, registering an increase of nearly 3%. Bearish sentiment returned Tuesday as XLM dropped almost 1% to $0.441. The current session sees XLM down 2% and trading around $0,432.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
TL;DR
- Speculation is rising that the SEC’s upcoming closed meeting under new Acting Chairman Mark Uyeda might address the Ripple lawsuit, but experts warn against expecting major developments.
- Despite Gensler’s exit, the Ripple-SEC legal battle continues, with disputes over XRP’s classification and an ongoing appeal delaying resolution.
Incoming Resolution or Just Another Speculation?
The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) remains ongoing despite numerous legal developments and changes in the agency’s leadership. Recall that the regulator’s Chairman, Gary Gensler, officially stepped down on January 20 and was replaced by crypto proponent Mark Uyeda.
The Commission has scheduled its first closed meeting under the new Acting Chairman for January 23, causing the XRP Army to speculate that the case against Ripple might be on the agenda this time. Some of the most optimistic predictions include a dismissal of the lawsuit.
It is worth mentioning that the SEC conducts such meetings quite frequently, and there are no public records showing that it has touched upon the aforementioned legal tussle in any of them.
Marc Fagel – a former regional director of the SEC for the San Francisco office – claimed that those expecting “something monumental to happen” at the upcoming gathering “are about to be disappointed.”
“This is the same meeting they hold nearly every week. They will vote on recommendations calendared weeks ago,” he assumed.
Not so Fast
The anti-crypto Gensler might be out of the SEC, but the official resolution of the case against Ripple remains challenging. After all, the entities have been confronting each other in court for over four years, throwing punches at each other on every possible occasion.
The core issue in the lawsuit is whether XRP (Ripple’s native token) should be classified as a security. The SEC argues it was sold as an unregistered investment, while the company insists it is a digital asset used for payments and not subject to securities laws.
In 2023, Judge Analisa Torres ruled that XRP sales on public exchanges to retail investors did not constitute securities transactions. A year later, she ordered Ripple to pay a fine of $125 million for violating certain rules.
The penalty represented just a fraction of the $2 billion the SEC initially asked for, and somewhat expected, the firm was ready to settle it.
However, the watchdog appealed the 2023 verdict and recently filed the necessary opening brief, thus prolonging the lawsuit indefinitely.
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As XRP, currently the third-largest cryptocurrency by market capitalization, navigates recent fluctuations, analysts and market experts are optimistic about its potential for significant price growth.
After experiencing a brief dip toward $2.83 over the weekend, following an unsuccessful attempt to breach its all-time high of $3.40 set seven years ago, the sentiment surrounding XRP remains bullish.
Market Expert Foresees XRP Propelling To $53
In a recent post on X (formerly Twitter), market expert and technical analyst Egrag Crypto shared encouraging price targets for XRP investors, suggesting that historical price patterns indicate a possible blow-off top that could drive the token into double-digit territory.
Egrag highlighted three historical blow-off tops, demonstrating impressive percentage increases that XRP has experienced in the past: one saw a rise of 1,068%, another 2,636%, and a third recorded an increase of 406%.
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By analyzing these surges alongside corrective phases, Egrag Crypto formulated potential price targets for the next blow-off top for the altcoin, suggesting levels of $53, $32, and $9.70, all of them surpassing by clear difference the tokne’s current record peak.
Egrag previously noted the importance of a critical price range between $4 and $5, indicating that once XRP reaches approximately $4.40, it will enter a “powerful energy field” that could significantly propel prices higher.
The analyst emphasized that traders should closely monitor price action, candle formations, and oscillator behaviors in this range to determine whether the market is poised for a substantial rally or facing a potential correction.
Despite the optimistic outlook, Egrag urged caution, stating, “I’m still feeling #BULLISHAF, but it’s crucial to remain level-headed when trading and investing, especially with #XRP.”
He expressed concern that market dynamics might be encouraging retail investors to exit, which could be a strategy to enable the emergence of two-digit prices.
Aiming For A 40% Surge Amid Impressive Monthly Performance
Supporting this bullish sentiment, market analyst Ali Martinez has also weighed in on XRP’s trajectory, noting that the cryptocurrency has recently broken out of a bullish flag and is now targeting the $4.40 mark.
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This indicates a near-term uptrend of nearly 40% for the altcoin, complementing its impressive monthly performance, which has already seen a surge of 43%. However, despite these positive figures, XRP is currently trading at $3.16, still 7.2% below its all-time high.
The price levels of $3.35 and $3.40 have proven to be significant hurdles for the altcoin, representing crucial barriers that must be overcome to initiate a price discovery phase.
On the downside, the token has established a significant price support range between $2.70 and $2.80 over the past week. This area has become a notable buying zone for investors anticipating further price increases.
Featured image from DALL-E, chart from TradingView.com
CryptoCurrency
CME Bitcoin (BTC) Options Show Most Bullish Sentiment Since Trump Election Victory, ETF Inflows Surge
On Tuesday, bitcoin (BTC) options trading on the Chicago Mercantile Exchange (CME) showed the strongest bullish sentiment since Donald Trump’s Nov. 5 election victory.
Traders scrambled to buy calls, or options offering asymmetric upside exposure, driving the skew higher to 4.4%, the most since early November, according to data tracked by digital assets index provider CF Benchmarks.
Skew is the difference in implied volatility between calls and puts, or options offering downside protection, and positive values represent a bullish sentiment.
“Thirty-day topside skew in the bitcoin options market has reached levels not seen since the November election results,” Thomas Erdösi, head of product at CF Benchmarks, told CoinDesk. “This reflects a strong bullish sentiment, with traders actively positioning for upside exposure across both short- and long-term maturities.”
Bitcoin’s price rose as much as 5%, briefly topping $106,000 Tuesday after buyers defended the $100,000 support level despite President Trump failing to mention crypto or strategic bitcoin reserve in his inaugural speech the day before.
The bounce was accompanied by renewed uptake for the U.S.-listed spot ETFs, which registered a cumulative net inflow of $802 million, according to data from SoSoValue. BlackRock’s IBIT drew $661.8 million alone, helping solidify the bullish sentiment.
“ETF inflows have continued their impressive accumulation streak, marking four consecutive days of significant inflows, amounting to over $3 billion for Bitcoin alone. Bitcoin ($802M) and Ethereum ($74M) are receiving robust institutional backing, which could propel digital assets to new highs,” Valentin Fournier, an analyst at BRN, said in an email to CoinDesk.
Besides, long-term holders — wallets with a history of holding coins for over 155 days — are scaling back their profit-taking activities, according to blockchain data tracking firm Glassnode.
“Looking ahead, it’s possible that volatility levels might moderate slightly towards the end of the month, but we anticipate that the skew for topside will probably remain, barring any surprise policy developments. This will likely provide continued upward price pressure for the foreseeable future,” Erdösi said.
The financial landscape is in constant flux, with market makers playing a pivotal role in ensuring trading liquidity and efficiency. Moving into 2025, choosing a suitable platform for one’s trading needs is as relevant as ever. This article looks at three market-making companies to consider for one’s trading strategies and investments. They stand out in this crowded field by ensuring seamless transactions and providing the liquidity required in a wide range of financial markets.
1. Gravity Team
Gravity Team is an algorithmic crypto trading company that underscores efficiency and liquidity in crypto markets, rapidly setting the standard for crypto market makers. Its team of around 60 experts is growing in parallel with its global reach and market volume. The company has achieved a cumulative trading volume of approximately $400 billion since it was founded by a crypto-native team in 2017. It accounts for 1% of the crypto spot trading volume worldwide, is active on more than two dozen prominent crypto exchanges, and offers access to over 1,400 crypto asset pairs.
However, its dominance in emerging markets is its main advantage over competitors, of whom there is no shortage. On the market-making side, large-scale projects in need of liquidity in markets they wish to enter choose this platform to gain exposure. Users can avail themselves of fiat liquidity within exotic markets.
Gravity Team helps achieve equilibrium through high-frequency trading and by cooperating with various industry stakeholders. Its roles are carefully selected to contribute to this overarching goal. It works with projects in the Web3 space to market-make their coins or tokens and with CEXs to provide liquidity. Gravity Team attains its targets by leveraging innovative tools, a tightly-knit team of seasoned professionals, and extensive experience. As an ethical liquidity partner, Gravity Team mitigates risk concerns and attracts more customers to create even more liquidity.
2. Wintermute
Wintermute, a global algorithmic trading platform specializing in digital assets, aims to create efficient, highly liquid markets on and off centralized and decentralized exchanges. The platform provides liquidity on dozens of exchanges and trading platforms and boasts a pronounced impact on digital asset markets. The firm improves liquidity by partnering with promising projects. It supports many highly lucrative trading pairs and cooperates with all major exchanges.
Among its main advantages are 24/7/365 token liquidity, an absence of monthly or integration fees, and competitive spreads, even in the most dynamic markets. Wintermute’s talented DeFi team helps bridge tokens from other blockchains to Ethereum.
3. Keyrock
Highly liquid assets are behind many flourishing markets. Keyrock boosts its clients’ liquidity to create fair and efficient markets and put digital assets on a promising trajectory. Its expert team and algorithms constantly scan platforms to provide additional support where needed. Their market-making algorithms ensure reliable pricing and performance monitoring around the clock. Clients receive a wide range of trading insights and statistics on demand. The market maker guarantees transparency by aggregating price data and liquidity from almost 100 exchanges. The infrastructure attracts traders through market-wide quotes.
The platform facilitates trades and unifies prices, eliminating price discrepancies across markets. As a result, clients benefit from harmonized prices and tightened bid-ask spreads. A smooth trading experience is ensured, with clients readily entering and exiting trading positions. The algorithms guarantee markets can absorb an optimal number of trades, with high-volume ones becoming a trust factor at the right price.
The challenges: market volatility, relentless innovation, and regulatory pressures
Modern market makers face a plethora of challenges that test their flexibility, adaptability, and resilience. While market volatility creates profit opportunities, it can also lead to substantial risks. Bid-ask spreads widen during periods of high volatility, resulting in an increased risk of losing the assets one holds. The three market makers reviewed leverage advanced risk management strategies to mitigate volatility, such as dynamic pricing models that analyze real-time market conditions and adjust bid-ask spreads correspondingly. They hedge their positions and manage their inventory levels efficiently via algorithmic trading strategies. Diversification across different markets and assets is another strategy leveraged to extenuate risk.
Innovation is considered a plus, with new technologies and products constantly entering financial markets. Market makers cannot stay competitive if they’re not on board with this trend. They explore emerging markets, adopt bleeding-edge technologies, and develop new trading algorithms to remain relevant. They make substantial investments in research and development to foster innovation. Their teams expand to include talented developers and traders who build new algorithms and trading strategies. They also stay abreast of the latest technological advancements by collaborating with solution providers and taking part in industry consortia. Market makers embrace AI, cloud computing, and blockchain technology to enhance their operations.
One final challenge involves regulatory pressures. The rules governing financial markets differ depending on the jurisdiction. Regulatory compliance entails significant expenditure, which is unavoidable as legitimate market makers realize non-compliance will result in reputational damage and even more significant fines. The reviewed market makers navigate regulatory pressures by investing in specialized legal and compliance teams. They implement sophisticated compliance software to monitor real-time transactions, ensuring all trades comply with the applicable regulations. Continuous staff training on best practices and regulatory changes also mitigates compliance risks.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Calamos Investments launches Bitcoin ETFs with capped returns and downside protection, offering investors regulated exposure to Bitcoin with risk management options.
Santander’s executive chairman Ana Botin has firmly rejected speculation about the bank’s potential exit from Britain, declaring “we love the UK” at the World Economic Forum in Davos.
Botin stated that Britain “is a core market and will remain a core market for Santander fullstop.”
The Spanish banking giant’s boss moved swiftly to quash recent reports suggesting the lender was considering leaving the UK market after two decades.
She blamed fee-seeking investment bankers for stirring up the rumours about Santander’s possible departure.
Botin said: “You know the army of investment bankers that wants to get fees? So if they start, these kinds of people start looking at M&A, they start looking around. It’s definitely not coming from us.”
The bank operates 444 branches nationwide and holds £200 billion in customer lending, making it one of Britain’s largest lenders
GETTY
The strong denial comes after reports emerged that Santander was reviewing strategic options for its UK business, including a potential complete exit from the market.
Such a move would have affected 14 million customers and approximately 20,000 employees across Britain.
The bank operates 444 branches nationwide and holds £200billion in customer lending, making it one of Britain’s largest lenders.
Reports had suggested the review was driven by mounting frustrations over UK regulations, including costly post-financial crisis rules requiring banks to separate their retail and investment operations.
The Spanish banking group, which first entered the UK market through its acquisition of Abbey National in 2004, was reportedly examining options to focus on regions with higher growth potential, such as the United States.
Far from expressing frustration with Britain, Botin highlighted the country’s post-Brexit advantages at Davos.
“The UK has a huge opportunity. Why? Because it can move faster. The UK does not have to agree with 27 countries now,” she told the World Economic Forum.
While she acknowledged regulatory challenges, her concerns extended beyond Britain’s borders saying: “Let’s take a pause on regulation because that is constraining growth, big time.”
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The bank has consistently maintained its commitment to the UK market throughout the speculation.
A Santander spokesman reiterated: “We remain focused on providing excellent products and services to our 14 million customers in the UK.”
Despite Botin’s optimistic outlook, Santander has faced recent challenges in its UK operations.
In October 2024, the bank announced 1,400 job cuts across its British business as part of cost-reduction efforts.
Speculation grew that santander could quit the UK High Street
GETTY
The lender has also set aside £295million to cover potential compensation costs related to a car finance commission scandal.
This provision contributed to a significant decline in the bank’s third-quarter profits, which fell to £143million from £413million in the previous quarter.
However, Santander maintains its commitment to the UK market remains unchanged.
A Santander spokesman emphasised: “The UK is a core market for Santander and this has not changed.”
In the realm of cryptocurrencies, GME Crypto can be likened to a newly emerged digital asset that has garnered significant attention due to its recent price surge and increased trading activity. Investors are increasingly curious about its potential and are delving deeper into its characteristics and trading possibilities.
However, a comprehensive examination of GME Crypto reveals a complex landscape that goes beyond its surface appeal.
GME Crypto Launch
Since its launch on January 28, 2024, GME Crypto, also known as GameStop, has gained attention as a meme coin on the Solana network. The introduction of the GME/SOL pair through a fair crypto launch attracted over 15,000 holders within a week, indicating initial interest in the coin. This development is noteworthy due to GME’s association with the GameStop meme stock saga, which had significant implications in financial markets.
Influenced by figures like Keith Gill, known as Roaring Kitty, and events such as the ‘Dumb Money’ Netflix movie, GME’s emergence as a memecoin mirrors a trend challenging conventional financial systems. The coin has experienced a notable increase in value, rising over 30 times since May 13.
Additionally, GME Crypto has demonstrated a substantial trading volume and achieved a market capitalization exceeding $100 million.
GME Crypto Key Features
GME Crypto is a unique cryptocurrency operating on the Solana network, inspired by the GameStop meme stock saga. It aims to symbolize a form of rebellion against financial institutions, similar to the events surrounding GameStop.
With a market cap surpassing $100 million and a rapidly growing community of over 15,000 holders within a week of its launch, GME Crypto has garnered significant attention. Since May 13, its value has increased by over 30 times, leading to a 24-hour trading volume of $147,644,110 and impacting other meme coins like AMC.
Key figures such as Roaring Kitty and events like the launch of the GME/SOL pair on Raydium and the ‘Dumb Money’ Netflix movie have contributed to GME’s rise in popularity.
The tokenomics of GME involve approximately 6.9 billion tokens in circulation, with no mechanism for additional minting. The introduction of the GME/SOL trading pair on January 28, 2024, further established its presence in the market. GME Crypto’s growth reflects the spirit of defiance seen in the GameStop narrative within the stock market.
GME Crypto Current Price
The current price of GME Crypto is $0.005896. This digital asset, also known as GameStop coin, has experienced a 14.91% price increase in the last 24 hours, reaching a peak of $0.006474.
With a circulating supply of 6.899 billion tokens, GME is tradable on platforms like BC.Game, Ourbit, Bitrue, BITmarkets, and Raydium, offering trading pairs such as GME/USDT and GME/SOL.
Monitoring the current price of GME Crypto is essential for individuals interested in this digital asset, as price fluctuations can present trading opportunities or risks.
GME Crypto Price Prediction
The GME Crypto, inspired by the GameStop saga and associated with notable figures like Keith Gill, has gained significant attention in the market. With a market cap surpassing $134 million and a recent trading volume of $147,644,110, investor interest in GME has been notable.
Since May 13, the value of GME has surged over 30 times, leading to a market cap exceeding $100 million. This remarkable growth hasn’t only influenced other meme coins like AMC but has also attracted a growing number of holders, surpassing 20,000 by March 2, 2024.
The impact of social media attention and influential endorsements on GME’s price dynamics is considerable, adding complexity to predicting its future price accurately.
It’s advisable for investors to stay updated on market trends and developments to make well-informed decisions regarding GME’s price movements.
Should you Buy GME Crypto
If you’re considering investing in GME Crypto, it’s advisable to carefully assess recent market trends and developments before making a decision. GME, drawing inspiration from the GameStop saga, has experienced notable growth, driven in part by events such as Keith Gill’s participation and a resurgence in social media attention. Since May 13, the value of this memecoin has increased over 30 times, reflecting the strong community engagement and backing it has received.
The involvement of Roaring Kitty has played a key role in attracting holders and boosting the coin’s market capitalization. The success of GME Crypto is closely linked to the GameStop narrative, an active presence on social media platforms, and the steadfastness of digital communities. Technical analysis suggests a bullish trend for GME, positioning it as a potential investment prospect.
However, it’s essential to acknowledge the volatility associated with memecoins and the potential impact of external factors such as Wall Street. Conducting thorough research and carefully assessing the risks are important steps to consider before determining whether to invest in GME Crypto.
Where to Buy GME Crypto
When looking to purchase GME Crypto, also known as GME Memecoin, several platforms offer trading opportunities for this digital asset.
Some of the platforms where you can buy GME tokens include BC.Game, Ourbit, Bitrue, BITmarkets, and Raydium. These platforms support trading pairs like GME/USDT and GME/SOL to accommodate different trading preferences and volumes.
The transparency of liquidity, bid, and ask values varies across these platforms, although the availability of order books may differ. Raydium, for instance, facilitates trading GME against SOL with a 24-hour trading volume of $147,644,110, providing flexibility in trading options.
Frequently Asked Questions
Is GME a Good Stock to Buy?
You should totally consider buying GME! Its recent surge and the community support make it an exciting investment. Keep an eye on the market trends, and remember to do your research before making any decisions.
How Much Is GME Crypto Worth?
GME Crypto is currently priced at $0.005896, with a trading volume of 5.5 million in the last 24 hours. It has seen a 14.91% increase, hitting $0.006474. With a circulating supply of 6.899 billion, it’s available on various platforms for trading.
What Does GME Stand for Stocks?
When you ask about GME stocks, remember GameStop. Dive into the world of meme coins, like GME Crypto, inspired by rebellious tales against financial giants.
What Is the Supply of GME Coin?
GME has approximately 6.9 billion tokens in circulation, contributing to its market cap exceeding $134 million.
Conclusion
If you’re interested in exploring GME Crypto, it’s important to understand its current market dynamics. GME has experienced a significant price surge recently, attracting attention from traders and investors. This surge has led to increased trading activity and volatility in the market.
Before considering any investment in GME Crypto, it’s advisable to conduct thorough research and analysis. Understand the risks involved in trading digital assets and ensure that you have a clear investment strategy in place. It’s essential to stay informed about market trends, regulatory developments, and any news that may impact the value of GME.
As with any investment in the cryptocurrency market, it’s crucial to exercise caution and make informed decisions.
While GME Crypto may present trading opportunities, it’s important to approach this market with a well-informed and rational mindset. Consider consulting with financial advisors or experts in the field to gain a better understanding of the potential risks and rewards associated with GME Crypto.
Other Cryptocurrencies you should check:
GPT Protocol Crypto, Popcat Crypto, ElmoERC Crypto, MultiBit Crypto and HOPR Crypto.
Angel Marinov is the Managing Editor at Coinlabz. With extensive knowledge of crypto payments and blockchain use cases, Angel is a trusted source of accurate and timely information
VeThor token is witnessing a surge of over 80,300% after the token was listed on South Korea’s largest crypto exchange by trading volume, Upbit.
On Jan. 21, Upbit launched trading support for VeThor Token (VTHO) in both the Korean Won (KRW) and Tether (USDT) markets. As of Jan. 22, VTHO’s trading volume has surged by over 88,000% in the past 24 hours. According to CoinMarketCap, Upbit accounts for more than 66% of VTHO’s trading volume, with over $2.1 billion traded in just 24 hours.
As of this writing, VTHO is priced at $0.008981, reflecting over 300% increase in its value over the last 24 hours. However, it remains roughly 80% below its all-time high of $0.042, which was reached in August 2018.
VTHO was launched in July 2018 as part of the first phase of the VeChainThor blockchain, following its initial release as an ERC-20 token in 2015.
VeChainThor uses VTHO to power transactions and smart contract executions on the network. VTHO is generated by holding VeChain Tokens (VET) and is consumed during blockchain operations, ensuring efficiency and scalability within the ecosystem.
The number of unique addresses interacting with the VTHO on the VeChainThor blockchain continued to rise and in early January 2025 crossed the threshold of 2.9 million addresses as of this writing, as per VeChain Stats.
How far can VeThor rise this bull run?
The MACD is a technical indicator of bullish or bearish momentum, as well as trend direction. It includes MACD line, signal line, and histogram. The MACD analysis notes the recent crossover into bullish territory, which indicates an increase in bullish pressure.
As the histogram widens between the MACD and signal lines, bullish momentum continues to grow. This indicates an increased interest in VTHO which could continue driving performance in the near future. While it cannot predict specific prices, it does give insight into market directions.
Should momentum hold and the market remain bullish, the token may retest resistances in the $0.01–$0.015 range. These psychological barriers are common for tokens with prices below $0.01. However, nothing is certain. Do your own due diligence.
After the recent enhanced volatility across the entire crypto market, bitcoin’s price has finally calmed and stands still at around $105,000.
Many altcoins have recovered some ground following yesterday’s declines, and the total market cap is close to $3.8 trillion.
BTC Calms at $105K
The primary cryptocurrency jumped past $100,000 at the end of the previous business week and went to a high of $105,000 on Friday. While the weekend was less eventful on the BTC front, despite the two Trump-related meme coins, the asset maintained its level and even surged to $106,000 on Monday morning.
Then came the volatile ride that pushed the asset to under $100,000. In minutes, it had recovered all losses and skyrocketed even further to just over $109,000 to register a new all-time high. All of these movements transpired in the span of just a few hours.
Once Trump’s inauguration began on Monday afternoon, BTC’s price started to tumble again and plunged to $100,000 once again as he failed to mention crypto even once. Nevertheless, the bulls intervened at this point and drove the cryptocurrency to $107,000 yesterday.
It has lost some ground since then and now trades a lot more calmly around $105,000. Its market capitalization has risen to $2.080 trillion on CG, and its dominance over the alts is still above 55%.
Alts in Recovery Mode
Most alternative coins have turned green today after yesterday’s retracements. Solana and Dogecoin have popped up as the top performers, with both gaining around 6%. As a result, SOL has risen to over $250, while DOGE, which exploded yesterday at one point, is now above $0.36.
ETH, XRP, BNB, and ADA have posted minor gains, while TRX, LINK, and AVAX have added around 3-4% of value.
Other notable price gainers since yesterday include HYPE and CRO, as the exchange behind the latter launched in the US.
The total crypto market cap has increased by over $100 billion on a daily scale and is close to $3.8 trillion on CG.
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Cryptocurrency charts by TradingView.
Dogecoin has emerged as a focal point of conversation, even amid a sudden wave of meme coins linked to Donald Trump’s return to the spotlight. On-chain analysis firm Santiment, which recently shared a sentiment dashboard on X, notes that “the top trending tokens” are all about meme coins following the “historic US inauguration of Donald Trump.”
In their latest post, Santiment emphasizes that “TRUMP is being discussed following its controversial listing on Coinbase, and the risks involved in investing during a volatile market,” while there is also “significant interest in airdrops of ‘TRUMP’ tokens, with a notable event securing $1M worth of tokens.”
MELANIA, another meme coin tied to the Trump brand, has caused a stir by briefly surpassing a $9 billion valuation, although it has endured “substantial fluctuations amid broader market uncertainty.”
Related Reading
Meanwhile, Dogecoin’s surge in social media mentions is attributed by Santiment to the newly established US Department of Government Efficiency (DOGE) led by Elon Musk, as the project uses Dogecoin as its avatar. On January 21, the US Government officially launched the Department of Government efficiency (DOGE) website which has the official Dogecoin logo on it.
“This initiative has sparked discussion as it intertwines cryptocurrency with government operations, generating buzz on social media. Additionally, discussions around the potential for new meme coins linked to public figures like Trump and Musk contribute to the speculation about Dogecoin’s future performance and relevance in the crypto space,” Santiment writes.
Despite the sudden attention on TRUMP and MELANIA, Santiment’s sentiment breakdown underscores mixed feelings for both tokens. Regarding TRUMP, the post states: “The word ‘trump’ is trending due to discussions about the Trump Coin. Its price fluctuations, and the speculative nature of meme coins, users are debating the risks of investing in Trump Coin.”
Santiment’s “positive” analysis points to “political influence and executive actions” as reasons for optimism, highlighting that “the anticipation of a crypto executive order from Trump has generated excitement among investors.”
Related Reading: Will Dogecoin Skyrocket Soon? Chart Pattern Suggests Yes
MELANIA’s sentiment likewise splits along bullish and bearish lines, with the negative view referencing a more than 70% drop from its initial peak price, and the bullish narrative noting “celebrity endorsement” from Donald and Melania Trump as a potential driver of renewed interest.
Technical Analysis: DOGE Confirms Breakout
At press time, Dogecoin (DOGE) was trading at around $0.367 after rebounding from a descending trendline dating back to early December. The breakout above the diagonal resistance occurred earlier this week, followed by a successful retest of the trendline yesterday, confirming it as new support.
Following the retest, DOGE is now contending with the 0.5 Fibonacci retracement level at $0.3943, which marks the next major overhead barrier. A clear break of this resistance could open the door to the higher 0.618 Fib level at $0.4759 and the 0.786 Fib at $0.5920.
On the downside, if DOGE fails to break the 0.5 Fib, the 0.382 Fib at $0.3129 may act as the most reliable support. Meanwhile, the Relative Strength Index (RSI) at around 51 remains neutral, reflecting balanced momentum and leaving room for a potential continuation to either side.
Featured image created with DALL.E, chart from TradingView.com
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