PK Press Club – Check out the top three stories from PK Press Club from the past day.
JPMorgan: XRP ETF could attract $8 billion
According to a recent forecast from JPMorgan, a spot XRP ETF could attract inflows of between $3 billion and $8 billion, based on the performance of ETFs launched last year. Currently, ETF assets represent around 8% of Bitcoin’s market cap, while Ethereum ETFs have a lower penetration rate of around 3%. As reported by PK Press Club, ‘s Monica Long expressed optimism that XRP will be the next cryptocurrency to receive ETF approval after Bitcoin and Ethereum. Several companies, including Bitwise and WisdomTree, are competing to launch an XRP ETF in the United States, with analysts predicting approval could come this year. Last week, Nate Geraci, a top ETF analyst, released a forecast suggesting that a spot XRP ETF would likely be approved this year.
Three Bitcoin price scenarios that could shape 2025 revealed by Peter Brandt
The start of 2025 was not favorable to the cryptocurrency market, particularly Bitcoin which failed to reach a new all-time high. Instead, it formed a head and shoulders pattern, a worrying formation in that once the second shoulder is formed, the price of the asset can drop below the neck line and fall as much what was the head worth. In his recent article a larger and more complex model. Brandt points out that while models can provide insight, they are not set in stone and the current market uncertainty reflects the challenges even seasoned traders face in predicting Bitcoin’s trajectory.
480 billion PEPE transferred in hours; What is happening?
According to data from Spot On Chain X account, yesterday, PEPE attracted the attention of crypto whales, with 480 billion tokens purchased in a short time. As noted in post X, two large whales have made substantial investments in PEPE; a whale withdrew 280 billion tokens worth around $5 million from Binance. Another whale, despite having already lost $1.45 million on PEPE, invested 3.72 million USDC to acquire 200.4 billion frog-themed tokens, hoping for a rebound price potential. At the same time, PEPE is preparing to strengthen its presence on the Japanese market; On January 9, Binance Japan announced the listing of PEPE, now offering Pepe (PEPE) for 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.
