MSTR could target $200 and extend toward $280 if supportive macro conditions and bullish technical momentum hold. Strategy’s stock MSTR printed one of the rarest bullish reversal signals in technical analysis, the “Abandoned Baby,” on its daily chart, hinting that a brutal downtrend may be running out of steam. Key takeaways MSTR’s rare reversal pattern suggests rising odds of a sharp rebound. Read more
XRP’s macro outlook remained bullish, with onchain data showing that a breakout was possible if key price support levels were reclaimed. XRP (XRP) price is up 12% since plunging below the $2 mark on Nov. 21, reclaiming some key support levels. Surging network activity and persistent institutional demand, coupled with reduced supply on exchanges, may lead to a sustained price recovery. Key takeaways: A surge in XRP ledger velocity and whale activity signals elevated network activity and demand. Read more
CoinDCX’s Sumit Gupta said crypto is becoming a natural extension of traditional investing as Indian traders mature. Indian crypto investors using CoinDCX appear to be taking a more deliberate, portfolio-based approach to digital asset investing, with early signs of longer-term allocation behavior emerging in 2025. On Thursday, the exchange released its annual report, which suggested that users are gradually shifting away from a “crypto equals Bitcoin” mindset toward more diversified holdings. CoinDCX data showed that the average customer now holds about five tokens, a notable increase from two to three tokens per investor in 2022. The report also noted that layer-1 assets accounted for 43.3% of portfolio volumes, while Bitcoin (BTC) held a significant share at 26.5%. Memecoins represented 11.8% of users’ portfolio allocations, according to the report. Read more
The YZi Labs-backed “Opinion” prediction market logged $1.5 billion in weekly volume just weeks after launch, outpacing Kalshi and Polymarket as prediction markets boom. YZi Labs, the venture capital company founded by Binance co-founder Changpeng “CZ” Zhao, is ramping up its bet on prediction markets as one of its portfolio platforms posted an unusual spike in trading volume. CZ took to X on Wednesday to welcome YZi-backed Predict.fun as a new prediction market launching on the BNB Chain. “When you make a prediction, you funds don’t sit idle, they generate yield,” CZ wrote, adding: “This tweet is not endorsement.” Read more
Analysts called the Chainlink ETF’s debut a “solid” launch, but the development has yet to attract enough liquidity to reverse the LINK token’s 39% decline over the past year. Grayscale’s launch of the first US spot Chainlink exchange-traded fund (ETF) drew strong interest on its first day of trading, suggesting investors still have an appetite for regulated altcoin products despite a broader crypto market slump. Grayscale’s Chainlink (LINK) ETF debuted with $41 million in cumulative net inflows and $13 million worth of “solid” trading volume during the first day, said Eric Balchunas, Bloomberg’s senior ETF analyst, in a Wednesday X post. “$41m in first day flows. Another insta-hit from the crypto world, only dud so far was Doge, but it’s still early.” The debut adds to signs that institutional and professional investors are waiting on the sidelines for more regulated ways to gain exposure to altcoins that can be integrated into corporate or fund strategies. Read more