PakGazette: Check out the top three PakGazette stories from the past day.
JPMorgan: XRP ETF could attract $8 billion
According to a recent prediction from JPMorgan, a spot XRP ETF could attract inflows of between $3 billion and $8 billion, depending on the performance of ETFs launched last year. Currently, ETF assets make up about 8% of Bitcoin’s market capitalization, while Ethereum ETFs have a lower penetration rate of around 3%. As PakGazette reported, Monica Long has expressed optimism that XRP will be the next cryptocurrency to receive ETF approval after Bitcoin and Ethereum. Several companies, including Bitwise and WisdomTree, are racing to launch an XRP ETF in the US, and analysts predict approval could happen this year. Last week, Nate Geraci, a top ETF analyst, issued a forecast suggesting that an XRP spot ETF is likely to be approved this year.
Three Bitcoin price scenarios that could shape 2025 revealed by Peter Brandt
The start of 2025 has not been favorable for the crypto market, particularly for Bitcoin, which has failed to reach a new all-time high. Instead, it has formed a head and shoulders pattern, an ominous formation because, after the second shoulder forms, the price of the asset can fall below the neckline and go down as much as the head was worth. In his recent post on larger and more complex pattern. Brandt emphasizes that while patterns can provide insight, they are not set in stone, and the current market uncertainty reflects the challenges even experienced traders face when predicting Bitcoin’s trajectory.
480 billion PEPE transferred in hours; What is happening?
According to data from the Spot On Chain X account, PEPE attracted significant attention from crypto whales yesterday, with 480 billion tokens purchased in a short period. As indicated in post X, two large whales have made significant investments in PEPE; A whale withdrew 280 billion tokens valued at approximately $5 million from Binance. Another whale, despite having previously lost $1.45 million in PEPE, has invested 3.72 million USDC to acquire 200.4 billion frog-themed tokens, in hopes of a possible price rebound. Meanwhile, PEPE will strengthen its presence in the Japanese market; On January 9, Binance Japan announced the listing of PEPE, and is now offering Pepe (PEPE) in spot trading. At the time of writing, PEPE is changing hands at $0.00001736, up 4.48% in the last 24 hours, according to CoinMarketCap.
