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See the top three news stories published by U.Today over the past day.
JPMorgan: XRP ETF could attract $8 billion
according to Latest forecasts by JPMorgana spot-based XRP ETF It can attract inflows Between $3 billion and $8 billion, depending on the performance of Bitcoin and Ethereum ETFs launched last year. Currently, ETF assets represent about 8% of Bitcoin's market capitalization, while Ethereum ETFs have a lower penetration rate of about 3%. As reported by U.Today, Ripple's Monica Long expressed optimism that XRP will be the next cryptocurrency to gain ETF approval after Bitcoin and Ethereum. Multiple companies, including Bitwise and WisdomTree, are vying to launch an XRP ETF in the US, and analysts expect it could receive approval this year. Last week, Nate Geraci, a leading ETF analyst, issued forecasts indicating that an XRP ETF is likely to be approved this year.
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Three Bitcoin price scenarios that could shape the year 2025 were revealed by Peter Brandt
The beginning of 2025 was not favorable for the cryptocurrency market, especially for Bitcoin, which was unable to rise to a new all-time high. Instead, he formed a head and shoulders pattern, which is an ominous formation because after the second shoulder is formed, the price of the asset may fall below the neckline and fall back by the value of the head. In his speech Share Xexplained legendary trader Peter Brandt Three possible outcomes For Bitcoin price: a drop to around $76,000, forming a “bear trap” that leads to a short squeeze or the development of a larger, more complex pattern. Brandt emphasizes that while patterns can provide insights, they are not static, and the current uncertainty in the market reflects the challenges even experienced traders face in predicting Bitcoin's path.
480 billion PEPE transferred in hours; What is happening?
According to Spot On Chain It attracted great attention From crypto whales, 480 billion tokens were purchased in a short period. As stated in Share Xtwo large whales have made significant investments in PEPE; A whale has withdrawn 280 billion tokens worth approximately $5 million from Binance. Another whale, despite its previous loss of $1.45 million on PEPE, invested $3.72 million USD to acquire 200.4 billion frog tokens, hoping for a possible price recovery. Meanwhile, PEPE is set to strengthen its presence in the Japanese market; On January 9, Binance Japan announced the listing of PEPE, and now offers Pepe (PEPE) in spot trading. At the time of writing, PEPE is trading at $0.00001736, up 4.48% over the past 24 hours, according to CoinMarketCap.
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