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Crypto Trends Chart Book: Understand What is Moving in the Market and Why.

US CPI, Bitcoin, Solana, Trump, Raydium, and many more notable news.

Author

Markus Thielen
January 18, 2025

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👇1-14) Since we recommended DeepBook on December 17, 2024, the token's price has surged by an impressive 183% in just 30 days, demonstrating the impact of our research. Additionally, insights from our Crypto Trend Chart Book have proven valuable. When we last shared this resource, Ripple’s XRP was highlighted as the top chart, and in just seven days, XRP's price increased by 24%, outperforming nearly all other cryptocurrencies.

👇2-14) Bitcoin (BTC-USD is above the 7-day moving average -> bullish, and is above the 30 day moving average -> bullish, with 1 week change of +10.1%) Massachusetts has introduced legislation to create a 'Strategic Bitcoin Reserve', part of a broader trend in which several U.S. states are considering investing in Bitcoin as part of their stabilization funds. Following the release of U.S. CPI data, Bitcoin saw a price surge, with open interest in Bitcoin futures on exchanges like Binance increasing significantly.

👇3-14) Ethereum (ETH-USDT is below the 7-day moving average -> bearish, and is below the 30-day moving average -> bearish, with 1 week change of -0.1%) There's been discussion about potential leadership changes at the Ethereum Foundation. PostFinance AG in Switzerland has launched an Ethereum staking service for its 2.5 million customers, marking a significant step towards mainstream adoption of crypto staking. Ethereum is preparing for the "Pectra" upgrade, with public testnets anticipated soon. This upgrade and others like history expiry, EOF, and Peerdas are expected to enhance the network's capabilities.

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