News

The day ahead in crypto: Jan. 31, 2025

Bitcoin surges past $105K as pro-crypto policies gain momentum. Treasury Secretary Scott Bessent backs Bitcoin while US states and global banks explore reserves.

February and March are both seasonally bullish months for bitcoin, with Q1 being the second-best-performing quarter.

The stablecoin market has grown by almost $40 billion since President Trump won the U.S. election.

When comparing the outcome of investing in the primary token of a major blockchain like Solana (CRYPTO: SOL) or investing in a silly meme coin like Shiba Inu (CRYPTO: SHIB), the results are often surprising. With a quick bit of study, you'll know exactly which one is the better option for your investment of $1,000. The chain is exposed to a plethora of ongoing and upcoming catalysts, ranging from it being the chosen home of the president's recently launched official meme coin, to the potential approval of Solana exchange-traded funds (ETFs) in the near term, and strong regulatory tailwinds stemming from the new pro-crypto administration in the U.S. In total, those drivers could potentially send the coin's price upwards of $500 in 2025, or perhaps even higher.

On Jan. 23, 2025, President Donald Trump issued an executive order that could change Bitcoin's typical four-year market cycle, which has seen periods of growth followed by sharp downturns.

Dogecoin (DOGE) has made a slight recovery after falling to a 2025 low earlier this week. It’s up about 4% in the past 24 hours, bringing its price to nearly $0.337.