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Ether Eyes Breakout as SEC Rescinds Crypto Rule

The SEC’s revocation of SAB 121 could catalyze Ether’s rise, offering low-risk investment potential.

• Main Points:

  • SEC Eliminates SAB 121: A controversial crypto accounting rule is revoked, easing financial firms' concerns.

  • Analysts Bullish on ETH: Experts highlight a potential breakout and strategic buying opportunities.

  • Price Target Speculation: Predictions see Ether reaching $7,000 amid optimism and DeFi growth.

  • Ethereum ETFs and Beyond: Regulatory shifts and potential Trump-backed Ethereum ventures may drive adoption.

• Detailed Insights:

  • SEC Rescinds SAB 121: Revocation on Jan. 23 eliminates the requirement for financial firms to classify crypto holdings as liabilities, removing a significant barrier to entry.

  • Bullish Price Chart: Crypto analyst Markus Thielen identifies a low-risk, high-reward scenario for Ether (ETH), citing technical patterns.

  • ETH’s Current Position: Trading at $3,325, Ether shows potential to break above a key triangle pattern.

  • Future Predictions: Traders forecast Ether at $7,000, supported by increasing institutional interest.

  • ETFs and DeFi Expansion: Expectations of Ethereum-based ETFs and regulatory approvals may attract capital to DeFi services.

  • Trump Family’s Crypto Interest: Reports suggest the Trump family may explore Ethereum ventures, adding intrigue to ETH’s trajectory.

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Bitcoin Could Hit $150K Before Retracing, Analyst Says

Glassnode analyst James Check predicts Bitcoin could reach $150,000, mirroring patterns from the 2017 cycle, but warns such highs may not hold for long.

• Main Points:

  • Bitcoin may peak at $120,000-$150,000 this cycle.

  • Current price action aligns with the 2016-2017 cycle.

  • Short-term holders average $90K/BTC; long-term holders average $24K/BTC.

  • Predictions suggest major bull run in Q4 2025.

• Detailed Insights:

  • Price Forecast: Bitcoin could reach $150,000 but may retrace back down, according to Glassnode’s James Check.

  • Cycle Similarities: Current trends resemble Bitcoin’s 2016-2017 consolidation and rally phases.

  • Profit Margins: A $150K Bitcoin would yield 66% profit for short-term and 509% for long-term holders.

  • Current Trading: BTC is trading at $104,120, with steady rallies and corrections.

  • Bull Run Timing: Analysts project a major market peak in late 2025, followed by a bear market in 2026.

  • Historical Trends: If history repeats, Bitcoin could reach a new all-time high between July and October 2025.

Bitcoin Slips After Trump’s “National Digital Asset Stockpile” Executive Order

Bitcoin’s price dipped as President Trump signed an executive order forming a working group to explore creating a “strategic national digital asset stockpile.” While some in the crypto community hoped for a Bitcoin-specific reserve, the order instead focuses on broader digital asset adoption.

• Main Points:

  • Executive Order Details: Trump’s order creates a working group to lead the U.S. in crypto innovation and evaluates a “strategic digital asset stockpile.”

  • Market Reaction: Bitcoin’s price dropped to $102,220 after initial optimism pushed it to $106,850.

  • Community Sentiment: The order’s broad focus fell short of expectations for a Bitcoin-exclusive reserve.

  • Future Implications: Analysts view the move as a step toward legitimizing crypto within U.S. financial strategy.

• Detailed Insights:

  • Focus on Digital Assets: The order directs research on creating and maintaining a “digital asset stockpile,” potentially including seized cryptocurrencies.

  • Initial Market Euphoria: Bitcoin spiked on hopes for a Bitcoin-specific reserve, fueled by Senator Cynthia Lummis’ earlier cryptic statements.

  • Price Pullback: BTC retraced as the order’s broader scope became apparent, ending hopes for immediate action favoring Bitcoin alone.

  • Thought Leaders Respond: Michael Saylor and others hailed the move as a paradigm shift, emphasizing its potential to advance mass adoption.

  • Trading Insights: “Buy the rumor, sell the news” dynamics explain Bitcoin’s brief rally and subsequent dip, as traders adjusted expectations.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results