Bitcoin Nears $40K, Shiba Inu Burn Rate Skyrockets 4300%

Crypto News Live Updates:  Bitcoin, a digital currency curated in 2009, once again birthed a hurricane of speculative buzz among crypto market enthusiasts globally as its price maintained an upward trajectory mostly today. As of press time, the Bitcoin price jotted down a jump of 1.06% over the past 24 hours and is currently trading at $40,038. On the other hand, altcoins such as Ethereum and XRP noted a marginal jump of 0%-1%, whereas Solana showcased a 5.63% surge.

Meanwhile, Shiba Inu, an Ethereum-based meme coin, showcased a noteworthy surge in its burn rate. As of writing, the SHIB burn rate noted a 4325% surge, nabbing traders’ attention globally.

Live

02:05:30 PM IST, 25 January 2024

Crypto News Live: Is Bitcoin Price 31% Into The Bull Run?

Although Bitcoin price remains relatively unchanged in the last 24 hours, it is reeling in pain the pain of a 6.3% drop in seven days to $40,033. The rebound from the dip below $39,000 relieved investors, although temporally, with BTC unable to keep the uptrend sustained above $40,500.

Support at $40,000 could imply a glimpse of hope — one that could morph into a sustained uptrend and possibly lead into the bull run ahead of the Bitcoin halving event expected around April.

Bitcoin is already 31.1% into the bull run based on historically price data shared by crypto analyst Rekt Capital. With the ETF narrative cooling off, investors would now be glancing at the halving, which would lead to a bigger rally.

Recommended: Bitcoin Price Prediction Today 24 Jan

01:43:27 PM IST, 25 January 2024

Crypto News Live: Manta Price Soars 6.5% Today, Are Traders Rooting For $10

Manta has taken the crypto market with a bang as it rallies unbothered by the ongoing doldrums. With crypto majors like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) down from their December and January peaks, attention is shifting to little-known tokens – and some that have recently been launched like Manta.

Manta Network, a protocol dedicated to serving the Web3 space, has this week soared to highs of $3.33. However, due to profit booking, the token trimmed gains to trade at $2.9 at the time of writing towards the end of the European session on Thursday.

Crypto analysts and trader, CryptoBusy highlights resistance at $3.2. A break above this could blast MANTA to new all-time highs with the possibility to closing the gap to $10.

01:15:53 PM IST, 25 January 2024

Crypto News LIVE: Ethereum Price Prediction: Will ETH Flip Below $2,100 Before Next Major Rally Begins?

Ethereum price soared by 80% to a yearly high of $2,715, energized by the U.S. approval of Bitcoin spot ETFs. This bullish wave, however, subsided, with ETH now facing downward pressure alongside the broader market. Crypto analyst Crypto Tonny noted on Twitter that Ethereum, currently at $2,224 with a 0.34% drop in 24 hours, might test the support level of $2,100. This bearish trend reflects the market’s current uncertainty as investors and analysts closely monitor Ethereum’s trajectory.

03:21:25 PM IST, 25 January 2024

Crypto News LIVE: Microsoft’s Market Capitalization Surpasses Apple Briefly

According to a report, Microsoft’s market capitalization secured a monumental achievement recently, exceeding Apple’s for a brief moment. Microsoft’s push to foster a new AI era appears to have bolstered this movement.

03:07:16 PM IST, 25 January 2024

Crypto News LIVE: Trader Falls Victim To Phishing, Loses $1.1 Mln In LINK

As per data spotlighted by PeckShieldAlert, the address, 0x4a8B…C337, recently fell prey to a phishing scheme, leading to a loss of approximately $1.1 million worth of LINK.

02:40:42 PM IST, 25 January 2024

Crypto News LIVE: Bitcoin Potentially In Final Stages Of Correction

Michael van de Poppe, one of the most prominent crypto market analysts, stated that Bitcoin appears to be moving towards the final stages of correction. Furthermore, the market has witnessed a 20% correction for the past ten days.

01:57:27 PM IST, 25 January 2024

Crypto News LIVE: CoinShares Slashes Fees For Physical Bitcoin Management

CoinShares, a European digital assets investments company, recently announced plans to reduce its physical Bitcoin management fees from 0.98% p.a. to 0.35% p.a.

01:41:56 PM IST, 25 January 2024

Crypto News LIVE: HTX DAO Unveils Next Batch Of Ecological Builders

Justin Sun’s HTX DAO recently revealed the sixth batch of its ecological builders OIG Capital and BitTorrent Chain. Aligning with this, BitTorrent Chain is all set to donate 10% of the funds equal to Huobi HTX’s donation.

01:13:00 PM IST, 25 January 2024

Crypto News LIVE: Ripple Forwards Letter To Judge Over SEC’s “Factual Mischaracterization”

In a significant gust of developments, the Ripple vs US SEC lawsuit advanced further as Ripple sent another letter to Magistrate Judge Sarah Netburn. In Ripple’s letter, the crypto firm asked the judge to rectify the factual mischaracterization by the US SEC.

12:55:32 PM IST, 25 January 2024

Crypto News LIVE: Publicis Eyes €300 Mln Investment in AI Plan

According to a report, Publicis, the world’s leading advertising group by market value, recently announced the firm’s plans to invest a staggering €300 million in the organization’s first AI-powered intelligent system over the next three years.

12:28:24 PM IST, 25 January 2024

Crypto News LIVE: Worldcoin Unveils IRIS

The Worldcoin community recently unveiled an upcoming project in the pipeline, IRIS.
The IRIS (Iris Recognition Inference System) project levels up the game for iris recognition systems globally while also allowing secure verification of an individual’s World ID.

12:27:31 PM IST, 25 January 2024

Crypto News LIVE: Binance Ex-CEO Changpeng Zhao Faces Backlash Over UAE Travel Bid

Binance founder and ex-CEO Changpend Zhao’s recent bid to travel to the UAE got rejected following the ongoing tussle orbiting his anti-money laundering legal chronicle.

11:53:40 AM IST, 25 January 2024

Crypto News LIVE: XRP Whale Dumps 50 Mln Tokens

As per on-chain data unveiled by the blockchain tracker Whale Alert, two noteworthy whale transactions shifted 50 million XRP to CEXS collectively. Notably, the first transaction showcased the transfer of 21.8 million XRP to Bitso, a Mexico City-headquartered CEX. Meanwhile, the second transaction illustrated the shifting of 28.2 million XRP to Bitstamp, a Luxembourg city-based CEX.

11:37:45 AM IST, 25 January 2024

Crypto News LIVE: Crypto Bank Sygnum Secures $40 Mln Funding

Swiss crypto bank Sygnum AG recently announced that it secured funding worth a staggering $41 million, worth 35 million Swiss francs, to empower its expansion in the European and Asian markets.

11:03:11 AM IST, 25 January 2024

Crypto News LIVE: Senior ETF Analyst Highlights GBTC Outflows

Eric Balchunas, senior ETF analyst at Bloomberg, recently spotlighted Grayscale’s Bitcoin ETF’s (GBTC) net outflow for today. As per market data, GBTC outflows totaled $425 million, marking the lowest bleeding since day one.

10:43:43 AM IST, 25 January 2024

Crypto News LIVE: Crypto News LIVE: Top Crypto Analyst Predicts Next Bitcoin Market Peak In October 2025

Ali Martinez, a renowned crypto market analyst, anticipates that if Bitcoin mimics past bull runs from their respective market bottoms, the next bull run for the token could be somewhere in October 2025. Furthermore, the analyst appears to have sparked immense curiosity among traders and investors as his comment stated- “This implies BTC still has 600 days of bullish momentum ahead.”

10:21:13 AM IST, 25 January 2024

Crypto News LIVE: SAVM Dips Over 30% As Project Founder MacnBTC In Crosshairs With Ape Terminal

Recent on-chain metrics showcase that the SAVM price dropped over 30% following the DEX ApeTerminal’s tussle with the SAVM project founder MacnBTC.

Ape terminal claims that the platform was used as a scapegoat for MacnBTC to snipe liquidity and attain colossal profits.

10:03:39 AM IST, 25 January 2024

Crypto News LIVE: Polyhedra Network Unveils Collaboration With Syscoin

Polyhedra Network, a ZK proofs network, recently announced a new strategic partnership with the Syscoin community, an L1 extending Bitcoin PoW to Web3. The partnership eyes facilitating Bitcoin’s modular execution layer with zkBridge.

09:47:49 AM IST, 25 January 2024

Crypto News LIVE: Elizabeth Warren Spotlights US Budget For Fiscal Year 2025

US Senator Elizabeth Warren recently shed light on Governor Maura Healey’s fiscal year 2025 budget projection. Notably, the budget encompasses enormous investments in transportation and education systems throughout Massachusetts following the prompt approval of a referendum.

09:31:47 AM IST, 25 January 2024

Crypto News LIVE: Elon Musk’s Tesla Retains Its BTC Holdings

A 2023 Q4 report showcased that Elon Musk’s Tesla did not buy or sell any Bitcoin in last year’s Q4. With this, the number of positions remains unchanged for six quarters, while Tesla currently holds 9,720 BTC.

09:25:04 AM IST, 25 January 2024

Crypto News LIVE: Celsius Deposits Colossal Amounts Of ETH To Coinbase & FalconX

On-chain data spotlighted by Lookonchain reveals that a Celsius network-linked wallet has deposited 18K ETH, worth $39.8 million, to Coinbase and FalconX.