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Crypto Crash Sparks Political Divide as Democrats Target Trump

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TLDR

  • The Democratic Party’s tweet linking Trump to the crypto crash sparked backlash from both political and financial leaders.
  • Anthony Scaramucci criticized the Democrats’ tweet, calling it foolish and highlighting Trump’s advantage in the political arena.
  • Bitcoin’s price dropped to $60,245, leading to a $2.6 billion market liquidation, but the cryptocurrency quickly rebounded.
  • Ethereum and other altcoins showed recovery, with XRP surging by 22% and Solana and Dogecoin seeing gains.
  • Despite the rebound, analysts remain cautious about Bitcoin’s long-term price stability amid market volatility.

The recent crypto crash has sparked political tensions, with the Democratic Party drawing criticism for its reactions to Bitcoin’s decline. Bitcoin’s value dropped significantly to $60,000, triggering a loss of billions in investor wealth. The Democratic Party’s controversial social media post has added fuel to the fire, leading to backlash from both political and financial leaders.

Democrats Criticize Trump Amid Crypto Crash

The Democratic Party’s recent tweet linked President Donald Trump to the crypto crash, showing a chart of Bitcoin’s fall. The post included an image of Trump wearing a MAGA hat, which immediately caused a stir among investors and party members. Many saw the tweet as insensitive, especially as it highlighted the financial pain affecting crypto investors.

Anthony Scaramucci, former White House communications director, sharply criticized the tweet, calling it “tops” in terms of foolishness. He argued that the best asset Trump has is the Democratic Party’s inability to handle the situation. The crypto market experienced heavy losses, with Bitcoin dropping by 33.1% over the past year.

The tweet followed a statement from California Governor Gavin Newsom’s office, further criticizing Trump’s role in the crypto market’s downturn. Newsom’s press office suggested that Trump was crashing the market faster than he could manage a scandal. This comment heightened partisan tensions, drawing further attention to the role of politicians in the crypto space.

Bitcoin’s Volatile Price and Its Impact

Bitcoin has been at the center of the crypto crash, with its price plummeting to as low as $60,245. The cryptocurrency’s value quickly bounced back to $70,000 in a single day, showing its volatile nature. As Bitcoin’s price fluctuates, investors remain on edge, with many seeing the dip as an opportunity to buy.

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The volatility of Bitcoin is heightened by a large number of options set to expire, worth over $2.1 billion. A significant portion of liquidations came from long positions, with $1.35 billion attributed to Bitcoin. This shows how deeply the market is influenced by investor behavior, making it prone to rapid changes.

While Bitcoin has seen a short-term recovery, analysts are cautious about its future performance. The put/call ratio at 0.60 reflects an earlier bullish sentiment before the price drop. Investors are watching closely to see whether Bitcoin’s bounce will be sustained or if further declines are ahead.

Ethereum and Other Altcoins Also Recover

Alongside Bitcoin, Ethereum has also shown signs of recovery after the market’s recent downturn. Ethereum’s value has increased by 5.8% in the past 24 hours, reflecting a broader positive trend in the altcoin market. Other cryptocurrencies like XRP, Solana, and Dogecoin have also experienced gains.

XRP surged by 22%, while Solana and Dogecoin each rose by over 4%. These altcoins have proven resilient amid the larger crypto crash, with many investors shifting focus to these assets. As a result, the overall crypto market cap rose by 4%, reaching $2.39 trillion.

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While Bitcoin’s volatility continues to be a concern, altcoins are showing promise as a safer alternative. Ethereum’s rise in particular suggests that the broader market may be slowly stabilizing after the crypto crash.

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New ChatGPT Predicts the Price of XRP, Ethereum and Pi Coin By the End of 2026

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chatgpt predicts xrp

ChatGPT draws on large-scale datasets and market patterns to generate forward-looking crypto analysis, and when prompted with a well-defined framework, the AI predicts head-turning 2026 price outlooks for XRP, Ethereum, and Pi Network.

According to ChatGPT’s assessment, a prolonged crypto bull market paired with more transparent and supportive regulation in the United States could accelerate price discovery for major digital assets, pushing them to new record highs sooner than many investors expect.

Below is ChatGPT’s projected trajectory for the three leading altcoins over the next eleven months.

XRP ($XRP): ChatGPT Predicts a Potential Move Toward $8 by 2027

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Ripple’s XRP ($XRP) currently changing hands near $1.36, but ChatGPT forecasts that broader XRP adoption and supportive legislation could drive XRP to $8 by the end of 2026, implying gains of nearly 500% from current prices.

chatgpt predicts xrp
Source: ChatGPT

Last July, it notched its first new all-time high (ATH) in seven years, surging to $3.65 after Ripple achieved a decisive courtroom victory against the U.S. Securities and Exchange Commission.

That ruling lifted a major regulatory overhang and helped ease broader market fears that the SEC planned to treat altcoins as unregistered securities.

From a technical perspective, XRP’s Relative Strength Index (RSI) is hovering near 27, placing it firmly in oversold territory. The fact that it’s uptrending again suggests that selling pressure may be losing steam, setting the stage for investors to buy back in over the weekend at a relative discount.

As XRP’s price gradually realigns with its 30-day moving average, positive industry or macro developments could spark a sudden surge in the weeks or months ahead.

When combined with anticipated ETF inflows from the newly launched US spot XRP ETFs and anticipation for the U.S. CLARITY bill, a proposed comprehensive crypto regulatory framework, ChatGPT’s ambitious price target appears increasingly plausible.

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Ethereum ($ETH): ChatGPT Anticipates a 5x Opportunity for Current Holders

Ethereum ($ETH), the dominant blockchain for smart contracts, decentralized applications, and decentralized finance, remains the backbone of much of the Web3 ecosystem.

With a market capitalization of roughly $233 billion and more than $59 billion in total value locked (TVL) across DeFi protocols, Ethereum continues to serve as the main hub of on-chain commercial activity.

Its long-standing security track record, reliable settlement layer, and early leadership in stablecoins and real-world asset tokenization position Ethereum well for expanding institutional participation.

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Momentum could intensify if U.S. lawmakers pass the CLARITY bill, offering the regulatory clarity institutions need to deploy capital through Ethereum-based infrastructure, either through stablecoins, crypto, or real world asset tokenization.

ETH is currently trading just below $2,000, with significant resistance expected near the $5,000 mark after peaking at an all-time high of $4,946.05 last August.

If ChatGPT’s bullish outlook plays out, a decisive breakout above $5,000 could open the door to multiple new highs in 2026, with upside potential going as high as $10,000 during a full-scale 2026 bull run.

Pi Network (PI): ChatGPT Sees a 2,700% Rally This Year

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Pi Network ($PI) is best known for its mobile mining model that rewards daily user participation. Simply open the app and tap when prompted to earn crypto.

According to ChatGPT’s analysis, a strong bullish phase could lift Pi Network from its current price of $0.1445 to as high as $5, representing potential gains of more than 2,668%.

The token recently outperformed several large-cap cryptocurrencies following Pi Network’s announcement of a partnership with AI firm OpenMind. The collaboration highlights how Pi node operators can provide decentralized computing resources to external organizations, reinforcing a tangible real-world use case.

Additional momentum stems from recent testnet upgrades, including decentralized exchange functionality, automated market makers, enhanced liquidity systems, and a revamped KYC framework, all of which significantly broaden the platform’s scope.

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Maxi Doge (MAXI): A New Meme Coin Challenger Enters the Spotlight

Although not part of ChatGPT’s primary forecasts, Maxi Doge ($MAXI) has rapidly become one of the most talked-about meme coin presales of 2026, raising approximately $4.6 million ahead of its public launch.

The project revolves around Maxi Doge, a high-octane gym bro parody (and distant cousin) of Dogecoin/ According to its tongue-in-cheek lore, Maxi Doge spent the last decade watching Dogecoin from the sidelines, while pumping weights and shitcoins, now he’s stepping into the limelight to take control of the meme coin scene.

Bold, chaotic, and deliberately over-the-top, Maxi Doge relishes in the degen energy that originally catapulted meme coins into a global phenomenon.

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MAXI is an ERC-20 token operating on Ethereum’s proof-of-stake network, giving it a substantially smaller environmental footprint compared with Dogecoin’s proof-of-work design.

During the presale, participants can stake MAXI tokens for yields of up to 68% APY, with rewards gradually declining as the staking pool grows.

The token is currently priced at $0.0002802 in the latest presale phase, with automatic price increases triggered at each funding milestone. Purchases are available via MetaMask and Best Wallet.

Dogecoin may be the progenitor, but Maxi Doge is the new alpha in Memesville!

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Stay updated through Maxi Doge’s official X and Telegram pages.

Visit the Official Website Here

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Ai.Com, Founded by Kris Marszalek, Announces Upcoming AI Agents

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AI

Proponents of AI agents say the new technology will simplify crypto trading and other financial activities for the average user.

AI platform ai.com, founded by Crypto.com co-founder and CEO Kris Marszalek, announced on Friday that it will be launching an autonomous AI agent for retail consumers.

The agentic AI will be able to execute functions including trading stocks, workflow automation and simple tasks like calendar updates and managing changes to online social profiles, according to an announcement from the company.

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The agents will feature segregated user data, secured by encryption keys unique to each user, and run according to user-set restrictions on what the agent is allowed to do, the announcement said. 

AI agents have garnered significant attention from users over the last year. About one quarter (23%) of respondents surveyed by investment research firm McKinsey indicated that their organizations were expanding the use of AI agents, according to a November report from the company.

AI
A survey tracking agentic AI usage in organizations. Source: McKinsey & Company

The growth of autonomous AI agents can automate crypto trading strategies and wallet management, removing the technical barrier-to-entry for new users unfamiliar with blockchain systems and onchain transaction execution, proponents of the technology say. 

Related: Crypto dev launches website for agentic AI to ‘rent a human’

How agentic AI can remove the barrier to entry for cryptocurrencies and Web3

These technical barriers include choosing the correct blockchain network and token protocols to send funds to, and complex user interfaces that are harder to navigate for new users, according to Jonathan Farnell, CEO of crypto exchange Freedx.

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