Bitcoin, Binance, Ethereum, Solana, Ripple: the biggest cryptocurrency news from the past week
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Amid revolutionary announcements, technological developments, and regulatory turmoil, the cryptocurrency ecosystem continues to prove to be a zone of boundless innovation and a battleground for regulatory and economic conflicts. Here’s a summary of the most notable news from the past week regarding Bitcoin, Ethereum, Binance, Solana, as well as Ripple.
Bitcoin: Czech National Bank starts!
The Czech National Bank, under the leadership of its governor Alice Michel, plans to incorporate Bitcoin into its reserves to diversify its assets. This strategy, which will supplement existing gold and foreign exchange reserves, remains cautious but bold. However, the project still needs to convince a board of directors that is mostly skeptical regarding crypto assets. Outside the Czech Republic, other similar initiatives are emerging, especially in the United States, where the “Bitcoin Law” has the support of a political coalition. These developments highlight the growing interest in Bitcoin as a strategic reserve, although its volatility remains a major concern. The impact on the market could be significant if these projects come to fruition.
Solana: The new king of DEX with record sizes
With $3.8 billion exchanged in just one day last Monday on its DEX platforms, Solana has surpassed Ethereum and Base combined and confirms its position as an emerging leader. Its total value locked (TVL) jumped from $1.4 billion to $9.5 billion in just one year, thanks to reduced fees and unparalleled execution speed. Memecoins and AI-related tokens, which account for a significant portion of volumes, are attracting a wave of traders to its ecosystem. Raydium, which has 60% of Solana’s market share, represents this dominance by surpassing Uniswap’s volumes. Solana is innovative and competitive, positioning itself as a core blockchain, ready to compete with the Web3 giants.
Bitcoin is in decline: Fear and Greed Index is at an all-time low
Since its historic peak of $108,000 in November 2024, Bitcoin has fluctuated, falling below $92,000 in early January 2025. The Fear and Greed Index, a measure of cryptocurrency market sentiment, fell sharply to 50, a level that reflects a significant loss of confidence. . Factors explaining this situation include rumors of massive sales of 198,000 bitcoins seized on Silk Road, rising US bond yields, and a strengthening dollar. Additionally, $570 million was withdrawn from Bitcoin ETFs in one day. While some analysts are anticipating a potential rebound, with bold forecasts reaching $140,000 in March, the market remains under pressure, weakened by uncertainty surrounding monetary decisions made by the US Federal Reserve.
Binance: 250 million users reached in 2024
Binance has reached a historic milestone by surpassing 250 million registered users in 2024, cementing its position as a global leader in cryptocurrency exchanges. This impressive growth has been supported by the expansion of its products, including innovations in DeFi, streamlined NFT solutions, and digital wealth management tools. These efforts have also allowed it to exceed $15 trillion in annual trading volume, while the Binance crypto card has attracted more than 12 million users. Despite ongoing regulatory challenges and market volatility, Binance has managed to maintain investor confidence and strengthen its central role in the global adoption of digital assets.
XRP: Over 2 million transactions in one day
Between Saturday and Sunday, the XRP network recorded more than two million transactions, marking a notable return to activity in the cryptocurrency space. This explosion in transactions comes alongside price stability, with strong support above $2.20 and $2.30. These indicators reflect the growing interest in the XRP blockchain, which is characterized by its speed and low costs. XRP price, which is currently approaching the major resistance level at $2.60, could start an uptrend if it manages to cross this level. However, failure could lead to a pullback towards $2, which is a critical support level. This dynamic reflects a renewed interest in cross-border payment solutions, with XRP playing a central role. The coming weeks will be crucial to determining whether this rise represents a sustainable increase or just a temporary rise.
Here are the main takeaways for this week. But if you want a more detailed summary and in-depth analysis straight to your inbox, feel free to do so Subscribe to our weekly newsletter.
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Diploma in Political Sciences in Toulouse and holds the title of Blockchain Certification Consultant delivered by Alyra, where I rejoined the Cointribune adventure in 2019. Own the potential of blockchain to transform many sectors of the economy, and I have pushed it to engage the sensitive and inform the large public as this ecosystem in Continuous development. My goal is to allow someone better to understand blockchain and take advantage of its opportunities. Every day I do my best to provide an objective analysis of reality, decode market trends, convey the latest technological innovations, and move forward from the perspective of the economic and societal games of this market revolution.
Disclaimer
The views, thoughts and opinions expressed in this article are solely those of the author and should not be considered investment advice. Do your own research before making any investment decisions.
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