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Recession Fears Erupt Amid Bullish Crypto Market Sentiment, What’s Next

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2 days ago

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With the Bitcoin price sliding below $100k, the crypto market sentiments drifted away from the ‘Greed.’ However, the outlook can get even worse, as the recent market finding hints at the possibility of a global economic recession, which could create a major crash for all financial markets. Let us discuss the analysts’ recent findings on the recession and its impact on the crypto industry.

Bullish Crypto Market Sentiment at Risk With New Recession Prediction

An on-chain analytics firm, Bravos Research has brought investors’ attention to a rare but historically significant event. According to the firm, the yield curve has just un-inverted, and the last three times it happened, it led to economic downturns. Overall, these findings highlight the possibility of the upcoming recession, as the short-term bond yield has dropped below the long-term yield before reverting. Interestingly, this is the widely popular and accurate indicator of economic recession, which predicted the Great Depression of 1929, the dot-com crash in the 2000s, and the financial crisis 2008.

Now, the yield curve has been inverted ever since early 2023 but has finally been un-inverted, concerning the investors and their sentiments. However, there are minor changes that could delay the recession. The Bravos Research findings revealed that there is un-inversion but the 10-year yield rose, which has not happened in the previous cycles. Additionally, the GDP growth and unemployment hikes in the previous recession align with the falling yield. However, that is not the case in the present situation. The rise in 10 year-yield shows resilience in economic fundamentals.

Yield Curve Recession PredictionYield Curve Recession Prediction

Eventually, this divergence disturbs the recession prediction, but it does not completely change that. The recession’s possibility could still continue and affect the Bitcoin and the market despite the rise of unemployment rates and the steepening of the yield curve.

How Will the Crypto Market React?

Although the crypto market often moves against the traditional market, the recession and similar macroeconomic events could also break the performance of digital assets. As all the financial markets rely on capital inflow, a recession can impact investors’ risk-taking sentiments. Meanwhile, the interest rate goes up, which prevents borrowing to invest. However, historical records also show that compared to the traditional market, recovery in most cases is faster in terms of crypto sentiments. Regardless, Bitcoin and the rest of the top cryptos have not witnessed a major recession. This is why an accurate market behavior prediction is hard to conclude.

For now, analysts believe that increasing bond yield could trigger volatility in most financial markets, whose impact will be seen in crypto market sentiments as well. However, as the reports hint, if the recession is delayed, it could present further opportunities for strategic accumulation.

What Investor Should Do Next?

The crypto market depends on hundreds of factors and could occasionally bring high volatility. The recession period will bring a similar outcome but on a higher level. For situations like this, crypto analysts have often suggested working with a diversified crypto portfolio and implementing risk management tactics. More importantly, investors should look for a long-term growth outlook and invest in utility-based tokens like Bitcoin. The Rich Dad and Poor Dad, Robert Kiyosaki, say, buy and forget. Interestingly, Kiyosaki confirmed a global market crash but called that a buying opportunity rather than a threat.

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Pooja Khardia

With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.

As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Ex-SEC Lawyer Affirms Settlement in XRP Lawsuit

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10 hours ago

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January 6, 2025

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The Ripple SEC case is in debate again as the deadline for the U.S. Securities and Exchange Commission (SEC) to file its initial brief approaches. A former US SEC lawyer said the parties will likely settle as ruled earlier by Judge Analisa Torres. The incoming Donald Trump administration and SEC Chair Paul Atkins may decide to not pursue the appeal in XRP lawsuit.

Ex-SEC Lawyer Says Settlement in Ripple SEC Case Most Likely

Marc Fagel, a former SEC enforcement attorney, on January 6 posts explained to the crypto community that the government agency didn’t lose, but won in part and lost in part. This requires a settlement between parties as both Ripple and SEC appealed the part they lost.

“Because both parties appealed the part of the case they lost. So the penalty is on hold pending appeal,” he added. The court ordered Ripple to pay $125 million in penalty for $700 million in unregistered securities sales to institutional investors.

Marc Fagel asserts the odds of new SEC administration deciding not to pursue the appeal is higher, which will make parties settle Ripple SEC case on what the court ruled. However, he affirmed that the SEC under Gary Gensler will file appeal by January 15.

Pro-XRP Lawyer Expect May End Timeline for XRP Lawsuit

As reported first by CoinGape Media, lawyer Jeremy Hogan has predicted an April or May timeline for the end of the Ripple SEC case. He added that the decision may not come before that as it takes a lot of time to get reports, memos, requisite SEC meetings and others.

Today, he again commented that Paul Atkins will definitely drop the appeal and settle with Ripple to end XRP lawsuit in 2025.

What’s Next Under Paul Atkins?

Experts and the crypto community believe the end of Ripple SEC case will boost the odds for XRP ETF approval. This may also trigger a rally in XRP price.

CEO Brad Garlinghouse in a post on Sunday criticized the SEC under Gary Gensler saying the actions “froze our business opportunities here at home for years.” He highlights that 75% of Ripple’s open job roles are now US-based and the company has signed new deals in the U.S. in the last six weeks.

“Team Trump is already jumpstarting innovation and job growth in the US with Scott Bessent, David Sacks, Paul Atkins and others at the helm, and they aren’t even in office yet! Say what you want, but the “Trump effect” is already making crypto great again.”

Meanwhile, analysts expect XRP price to see another rally to double-digit figures, similar to a 400% rally after Trump’s re-election.

In short-term, XRP price to consolidate at the current range for weeks and then rally towards a new all-time high, as per analyst CrediBULL Crypto. “Currently trading at around where I closed my last long. We’ve taken some liquidity above us into local supply. Currently eye-ing up the orange zone for another potential long trade,” he predicted.

XRP priceXRP price
source: CrediBULL Crypto

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space.

At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as “Best Crypto Media Company 2024” for high impact and quality reporting.

Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Shiba Inu Community Unveils TREAT Token Launch Date, Here’s When

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13 hours ago

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January 6, 2025

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The Shiba Inu community has reverberated a strong market buzz across the broader crypto sector on Monday, confirming the TREAT token launch date. Notably, the coin’s marketing lead, Lucie recently revealed that the token launch is set to take place just 8 days ahead. In turn, market participants are now immensely enthusiastic about the overall performance of SHIB in the coming days.

Shiba Inu Community Discloses TREAT Token Launch Date

A significant buzz across the Shiba Inu community has prevailed as the week kicks off, primarily as renowned community members spotlighted the TREAT token launch date. According to an X post by Lucie as of January 6, the upcoming token launch is set to occur on January 14. This statement has sparked noteworthy market optimism surrounding the renowned dog-themed meme token’s ecosystem.

Notably, Shytoshi Kusama previously confirmed the TREAT token launch this month, as reported by CoinGape. Following the ‘SHIB: The Metaverse’ launch recently, this looming development has added optimism to the leading dog-themed token‘s endeavors.

However, flagging the upcoming launch, Kusama also warned against potential scams. Overall, the community members have unveiled the launch date, reverberating substantial optimism among traders and investors globally. Also, the upcoming token is also much-touted to be a revolutionary endeavor for the Shiba Inu ecosystem. As a result, market participants are also bullish, anticipating gains in SHIB price.

What’s Ahead For SHIB?

At the time of reporting, SHIB price traded at $0.00002409, down marginally by 0.22%. Its 24-hour low and high were 0.00002346 and $0.00002424, respectively. Despite the volatile intraday movement, market watchers remain optimistic about future movements in light of recent developments and the TREAT token launch. Notably, despite the slump in price, CoinGlass data showed that SHIB Futures Open Interest rose over 3% today.

Simultaneously, a recent Shiba Inu coin price analysis by CoinGape revealed that the coin eyes an extended consolidation ahead. This uncertain prediction comes against the backdrop of recent market technicals and whale movements.

Nevertheless, traders and investors are extensively eyeing the coin for further price action shifts amid recent ecosystem developments. In addition, the recent shifting focus toward the top meme coins has further fueled speculations over a potential rally ahead.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Bitcoin Nears $100K, SPX and FIL Rise 12%

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16 hours ago

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January 6, 2025

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Crypto market today looks bullish as Bitcoin crossed the $99,000 mark and is trying to touch $100,000 again after a two-week bearish trend. SPX6900 (SPX) and Filecoin (FIL) became the top gainers for today, with a 12% surge in price. Major altcoins also showed a positive trend, with most of the top 10 coins in green.

The global crypto market is also up by 1%, reaching $3.49 trillion. However, the trading volume has decreased by a minor 2%, standing at $83 billion. The Fear and Greed Index now shows a reading of 60, indicating that greed has overtaken fear in the market sentiment.

Crypto Market Today: Bitcoin Eyes $100K as Major Altcoins Show Positive Momentum

Crypto prices today showed a strong upward momentum, with Bitcoin (BTC) eyeing the $100K mark. Major altcoins, including Ethereum (ETH), XRP, and Solana (SOL), each gained around 1% in the last 24 hours. Meanwhile, Bitcoin miner Marathon Digital Holdings (MARA) lent 16% of its reserves, driven by rising interest in BTC lending.

Bitcoin Price Today

Bitcoin price today was trading at $99,100, marking a 1% increase in the last 24 hours. Its 24-hour low and high were $97,314 and $99,265, respectively. The market cap stands at $1.96 trillion, with a trading volume of $24 billion. As per SoSo Value data, BTC ETF recorded a weekly inflow of $244 million, reflecting growing institutional interest.

Ethereum Price Today

Crypto market today showed Ethereum (ETH) price trading at $3,668, reflecting a 1% increase in the last 24 hours. Its 24-hour low and high were $3,595 and $3,682, respectively. Ethereum’s market cap stands at $441 billion, with a trading volume of $15 billion.

XRP Price Today

XRP price today was trading at $2.40, showing an approximate 1% increase in the last 24 hours. Its 24-hour low and high were $2.33 and $2.43, respectively. Ripple CEO Brad Garlinghouse highlighted the positive impact that Donald Trump’s victory has had on the company’s operations.

Solana Price Today

SOL price was up by 1% today, trading at $216. Its 24-hour low and high were $211 and $218, respectively.

Top Crypto Gainers Prices Today

SPX6900

SPX price was up by 12% in the last 24 hours, trading at $1.48. In the past week, it surged by 63%. Its 24-hour low and high were $1.27 and $1.56, respectively. Crypto market today reflects SPX’s market cap of $1.38 billion and trading volume of $94 million.

Filecoin

FIL price was up by 12% and is among the top gainers for today, trading at $6.23. Its 24-hour low and high were $5.52 and $6.28, respectively. The market cap stands at $3.86 billion, with a trading volume of $424 million.

Besides this, Movement (MOVE), Injective (INJ), and Artificial Superintelligence Alliance (FET) also gained 8 to 10% in the last 24 hours. Crypto market today highlights that FET token could reach $3 amid its token burn plan.

Top Crypto Losers Prices Today

Virtual Protocol

VIRTUAL price was down by approximately 7%, making it the worst performer for today. It was trading at $4.10, with a 24-hour low and high of $3.96 and $4.40, respectively.

Hyperliquid

HYPE price was down by 3% in the last 24 hours, trading at $24.81. Its 24-hour low and high were $24.06 and $25.63, respectively. The market cap stands at $8.27 billion, with a trading volume of $90 million.

Other than that, BONK, WIF, and BEAM also declined by 3% to 4% in the last 24 hours. Crypto market today reflects a mixed trend, with some tokens facing sell-offs despite positive momentum in major cryptocurrencies.

Besides this, the hourly chart also looks bullish, with Bitcoin price and major altcoins turning green in the last hour. Fartcoin gained 5% in the past hour, indicating short-term positive momentum in the crypto market today.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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