{"id":5231,"date":"2025-01-02T08:18:12","date_gmt":"2025-01-02T08:18:12","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=5231"},"modified":"2025-01-02T08:18:12","modified_gmt":"2025-01-02T08:18:12","slug":"xrp-rockets-11-as-bitcoin-starts-new-year-with-bullish-bang","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=5231","title":{"rendered":"XRP Rockets 11% as Bitcoin Starts New Year With Bullish Bang"},"content":{"rendered":"
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Crypto majors zoomed higher in the past 24 hours as the market entered a widely expected bullish year, with bitcoin (BTC) inching above $95,000 to shake off losses from last week.<\/p>\n

A CoinDesk analysis from Tuesday flagged unusually high trading volumes for XRP stemming from South Korean exchanges, which has historically acted as a harbinger for price volatility with a bias to the upside.<\/p>\n

XRP surged 11% to lead growth among majors as of Thursday, led by $1.3 billion worth<\/a> of trading volumes on Korea-focused exchange UpBit.<\/p>\n

Among other majors, Cardano\u2019s ADA, Solana\u2019s SOL and Chainlink\u2019s LINK added as much as 8%. Ether (ETH) and BNB Chain\u2019s BNB rose 3%, while memecoins dogecoin (DOGE) and shiba inu (SHIB) added 5%.<\/p>\n

The broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market capitalization, minus stablecoins, rose 5.8%<\/a>.<\/p>\n

The anticipation of a more crypto-friendly administration under incoming U.S. president Donald Trump, who has made campaign promises for crypto friendly policies and a strategic bitcoin reserve, is largely fuelling optimism for 2025.<\/p>\n

The Bitcoin halving event in 2024 historically led to a bullish trend in the following year due to the reduced supply of new tokens entering the market. The broader crypto market also tends to follow a four-year cycle influenced by the halvings \u2014 with memecoins, AI and real-world assets expected to be market leaders.<\/p>\n

Predictions aren\u2019t limited to mere cycles, however. Firms such as Galaxy Research predict<\/a> large-scale institutional, corporate, and nation-state adoption in bitcoin investments, with at least five Nasdaq-100 companies and five nation-states expected to adopt the asset.<\/p>\n

The firm targets a $185,000 level for bitcoin and $5,500 for ether (ETH) this year.<\/p>\n

Singapore-based QCP Capital mirrors that sentiment: \u201cFor 2025, while optimism surrounds crypto-friendly regulations post-Trump inauguration, we think the key catalyst may come in January as institutions readjust asset allocations.\u201d<\/p>\n

\u201cWith BTC now broadly adopted by a broad spectrum of institutions, allocations are likely to increase, strengthening Bitcoin dominance, stabilizing spot movements, and shifting volatility dynamics closer to equities,\u201d the firm said in a Telegram broadcast on Tuesday. \u201cExpect stronger demand for downside puts for hedging and more covered call selling on the topside.\u201d<\/p>\n

Some say bitcoin becoming a mainstream asset may further reduce its infamous volatility, leading to even more adoption among institutional firms.<\/p>\n

\u201cMainstream’s effect on crypto is most evident through BTC’s high correlation to the SPX, remaining the most correlated asset as we end 2024,\u201d Augustine Fan, head of insights at SOFA, told CoinDesk in a Telegram message. \u201cAnother sign of BTC heading towards being a mainstream asset class is its declining realized volatility, which would eventually add more diversification benefits and alpha to the traditional 60\/40 portfolio.\u201d<\/p>\n

\u201cVolatility should continue to decline as an asset class matures, as our long-standing view is that crypto would be no different,\u201d Fan added.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto majors zoomed higher in the past 24 hours as the market entered a widely expected bullish year, with bitcoin (BTC) inching above $95,000 to shake off losses from last week. A CoinDesk analysis from Tuesday flagged unusually high trading volumes for XRP stemming from South Korean exchanges, which has historically acted as a harbinger […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":1,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-5231","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/5231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5231"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/5231\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}