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Bitcoin prices could be primed for a big move upwards if previous market cycle patterns are to be repeated.
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The 11 spot bitcoin ETFs in the U.S. reported a total daily net inflow of $153.91 million on Wednesday.BlackRock’s IBIT took the lead, adding net inflows of $92 million.The U.S. House of Representatives passed FIT21, a bill that aims to set a robust legal framework for digital assets, on Wednesday.
Taiko, an Ethereum Layer 2 rollup project, plans a “genesis airdrop” distributing 5% of its 1 billion token supply ahead of its mainnet launch. Eligibility for the airdrop includes those who interacted with the Taiko testnet, block proposers and provers, contributors to certain GitHub repositories, and Ethereum ICO participants.
- 03:24Insider: Trump family crypto project World Liberty will buy TRXOn January 18, according to Coindesk, people familiar with the matter revealed that World Liberty Financial, a crypto project supported by the Trump family, will acquire tron (TRX). It is not clear how much TRX cryptocurrency reserves World Liberty plans to increase. World Liberty raised $90 million by selling WLFI. The company previously invested seven figures in AAVE and LINK, which were issued by projects that World Liberty collaborated with.
- 03:24Wyoming House of Representatives Submits Strategic Bitcoin Reserve LegislationAccording to Foresight News, U.S. Congressman Cynthia Lummis said, "Wyoming has taken a bold first step towards strategic Bitcoin reserves. Congressman Wasserburger proposed legislation to allow permanent funds to diversify their investments in Bitcoin."
- 03:23CryptoQuant: Bitcoin could surge above $200,000 by 2025On January 18, CryptoQuant tweeted that by 2025, the price of Bitcoin could soar to more than $200,000. This prospect is driven by a potential $520 billion in inflow, pro-crypto policies, and a 4-year bullish cycle. These effects mean that every $1 in inflow can increase BTC's market value by $2 to $6.