Cryptocurrency
7 Signals Bitcoin Is Rocking Outside The United States

The markets are rallying exuberantly for BTC for a couple of reasons this March.
Institutional investors bought deep after the SEC opened up Wall Street access to Bitcoin price exposure through custodial spot ETFs. That only adds to the scarcity shock with the supply halving coming up next month.
However, many blockchain crypto trading strategists think it is hard to overstate the importance of the ETF approvals by the Securities and Exchange Commission. The new paradigm does not merely allow regulated investors to do so.
It caps off a year of incredibly welcoming and accommodating policies for Bitcoin and cryptocurrencies in United States courtrooms and legislatures. The risk of the U.S. passing onerous regulations has long been an important headwind for Bitcoin prices in the market.
As a result of the SEC approving Bitcoin ETFs, that threat is vastly diminished. Instead, you can now buy some of the base layer blockchain cryptocurrency on Wall Street from the same place you can buy a company share of Coca-Cola or Chevrolet.
But it’s not just a party in the USA for Bitcoin this year. Here are seven signals that Bitcoin is still rocking the world outside the United States in 2024.
1. Kimchi Premium Tops 2-Yr High
The kimchi premium, the amount that Koreans pay above the global average prices for Bitcoin at exchange, rose to a 27-month high of 10.32% on Mar. 6, signaling a surge in demand for BTC from South Koreans.
Crypto traders and saver-investors in South Korea pay higher prices for Bitcoin than most of the world because strict local capital controls create an ongoing shortage of BTC in the East Asian peninsula nation. It’s named the kimchi premium after the signature Korean spicy cabbage dish.
2. El Salvador Holdings Up 50%
The Latin American nation of El Salvador has profited from its government’s investment in Bitcoin to hold in its national treasury. The Central American nation purchased its 2,380 Bitcoins at an average price of $44,300. Meanwhile, the total investment of $105 million is up over 50% and is worth some $166 million today.
The nation of El Salvador overwhelmingly reelected President Nayib Bukele for another term based on the popularity of his crime-reduction policies and forward-thinking about the world. Bukele took the initiative starting in 2021 to officially adopt Bitcoin as a government-approved legal tender.
3. Nigerians and Venezuelans Save in Bitcoin
The Atlanta, Georgia non-profit Foundation for Economic Education (FEE) recently reported that Nigeria is following Venezuela’s trend of over-indexing on Bitcoin adoption to use the secure, inflation-resistant cryptocurrency as a shelter for their savings from catastrophic hyper-inflation in the Nigerian Naira and Venezeulan Bolívar.
Both nations have economies that rely heavily on crude oil exports. Combined with severe mismanagement of the financial system by the governments in both countries for decades, periods of high inflation in U.S. dollars stoke hyperinflation in these vassals of the global petro-dollar economy. Bitcoin has given people who live there a way to keep their savings from turning into mice and pumpkins after the central banks have a ball with the printing press.
Right-wingers like President Bukele enthusiastically support Bitcoin because it could out-compete the currencies of several left-wing nations like Venezuela and Nigeria. But left-wingers may one day begin to adopt Bitcoin with the moral fervor of their counterparts in order to help people in developing economies find a way to save their money.
4. Japan Investment Funds to Hodl
It looks like Japan is clearing the way to allow private venture capital firms to hold Bitcoin. Japanese Prime Minister Fumio Kishida’s administration agreed in February to submit a bill to the government with the changes added to an earlier version his cabinet had approved.
The text of the bill says that “measures will be taken to add cryptoassets to the list of assets that can be acquired and held by investment limited partnerships.” Kishida’s economic agenda to grow Japan’s GDP includes embracing Web 3.0 technologies and easing some of the nation’s restrictions on cryptocurrencies.
5. German Regulated Spot Platform Launches
Germany is the largest economy in Europe in terms of gross domestic product. It just got a new regulated spot crypto platform launched by a domestic capital market firm. German bank Deutsche Boerse announced on Mar. 5 that it had launched a government-regulated cryptocurrency exchange for crypto investors.
The German capital market company announced plans for the exchange last year. It received licenses in February from local regulators. German banking giant DZ Bank announced in February that it will launch a crypto trading service in 2024.
A survey in July 2023 found that 50% of Germans view cryptocurrency favorably as a long-term investment. Meanwhile, 22% suspect it could make them rich overnight.
6. Coinbase Moves to France
While Germans celebrate a new exchange with a schnitzel and a Fanta, the French will soon be able to log in to Coinbase to trade crypto. The San Francisco cryptocurrency exchange started off the year with approval from local regulators to operate in France. Like Japan’s Kishida, French President Emmanuel Macron plans to make his country a major crossroads for AI and crypto.
Furthermore, he has promised billions of euros in government subsidies to help fund French projects. According to French data firm Toluna, 10% of French adults own crypto, and 24% say they plan to buy, sell, or trade such assets in the next year.
7. VanEck Spot Bitcoin ETF in Australia
U.S. exchange-traded fund (ETF) manager VanEck is moving toward launching a spot Bitcoin ETF for the Australian market. Van Eck Australia chief executive Arian Neiron recently said that his company has received a “significant uptick” in demand for a Bitcoin ETF listed on the Australian Stock Exchange (ASX).
Neiron said in a statement that the company still needs approval from the financial regulator, the Australian Securities and Investments Commission (ASIC).
“There are still a number of hurdles from a regulatory and exchange framework perspective that must be worked through, as well as approval from ASIC before we will see a bitcoin ETF on ASX,” he stated.
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Cryptocurrency
BONK Explodes by 20% Daily as Bitcoin (BTC) Remains Solid at $108K: Weekend Watch

Bitcoin’s stagnation continues as the asset has made little to no attempt to move away from the $108,000 level.
While most larger-cap alts have produced insignificant gains, TON and BONK have emerged as the biggest gainers on a relatively calm Sunday morning.
BTC Calm at $108K
It has been a quiet period for the primary cryptocurrency. In fact, the latest major price moves came about two weeks ago – on June 23 and 24 – when it dumped to $98,000 before it soared past $105,000 a day later as the Middle East war was going rampantly.
Ever since then, though, the asset has been stuck in a tight trading range between $105,000 and $110,000. It tested the lower boundary on Wednesday, where the bulls stepped up and pushed it south toward the upper one.
On Thursday, BTC showed signs of a breakout attempt when it spiked to a multi-week peak of $110,500, but the bears stepped up at this point and didn’t allow a surge to a new all-time high.
The landscape has been somewhat unchanged since then, as bitcoin quickly returned to $108,000 and has not moved from that level for a few days. Its market capitalization stands strong at $2.150 trillion, while its dominance over the alts is at over 63% on CG.
BONK on the Run
As the graph below will demonstrate, most larger-cap alts are slightly in the green on a daily scale. Such minor increases are evident from the likes of ETH, BNB, SOL, TRX, DOGE, ADA, BCH, LINK, and XRP. In contrast, HYPE and PI have lost some traction over the past 24 hours.
The biggest gainers are TON and BONK. The former has risen by over 9% and sits at $3, while the meme coin has exploded by 20% and now trades at $0.000022.
The cumulative market cap of all crypto assets has remained relatively stable at $3.4 trillion on CG.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Cryptocurrency
We Asked 4 AIs How High Ripple (XRP) Will Go in 2025: The Answers Might Shock You

TL;DR
- Ripple’s price actions are a big prediction topic within the cryptocurrency community, with analysts and believers rushing to offer their insights and forecasts.
- However, we decided to take a different approach this time and asked four of the biggest AI chatbots (ChatGPT, Perplexity, Grok, and Gemini) about their take on the matter.
2025 Price Targets
All four AI solutions seemed very coherent about XRP’s price potential this year, as Perplexity explained it:
“Ripple’s (XRP) price in 2025 is broadly expected to rise significantly from current levels, with expert forecasts varying but generally bullish.”
Although Ripple’s cross-border token has stalled in the past few months and is actually slightly in the red since the start of the year, all AIs had similar conclusions about its price moves until the end of the year.
ChatGPT laid out three potential scenarios, with the conservative one being at $3.4, which would match the asset’s all-time (and yearly) high. The optimistic is set at $5-$6, and the “aggressive forecasts” put the token at $10-$15 by the end of the year.
Google’s Gemini had similar ideas in mind, saying that “a realistic high could be in the $5-$10 range.” Perplexity also joined the $5-$10 club, which could be reached under “favorable conditions” (more on that later).
Grok was slightly more specific and was the only one that said XRP can finish the year lower than its current price tag. It noted that a “realistic price range” for the asset this year is somewhere between $1.8 and $5.81. Although that’s a pretty wide range, it concluded that the most likely peak will come somewhere between $3 and $4.5.
The Favorable Conditions
When it came down to outlining the factors that could impact XRP’s price moves this year, the AIs were once again aligned in their answers. First, they mentioned regulatory clarity and the official conclusion of the lawsuit against the SEC.
Although Ripple CEO Brad Garlinghouse stated in March that the case had been resolved and there had been several developments on the matter, the judge overseeing the case has yet to agree fully.
Second, the AIs brought up institutional adoption and bullish partnerships, such as those with Santander, SBI Holdings, and others. A spot XRP ETF will also play a significant role in the asset’s price trajectory this year, if approved, said the chatbots. According to ETF experts, the current odds stand at nearly 100%.
Lastly, the AI solutions highlighted the overall crypto market trends:
“Bitcoin’s post-halving performance and a pro-crypto U.S. administration under President Trump could fuel bullish sentiment across the crypto market, benefiting XRP,” – answered Grok, which was similar to what the others had to say.
Despite these bullish predictions for 2025, all four chatbots clarified that these are just that – speculative forecasts that might or might not come to fruition. Investors should do their own research before allocating funds to any cryptocurrency (or other asset, for that matter).
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Cryptocurrency
Ethereum Price to Hit $6K This Year? Analysts Make Bold Call

If pseudonymous analyst Weslad is to be believed, Ethereum (ETH) is caught in a tug-of-war between wildly differing futures: a historic surge past $6,000 or a soul-sapping plunge to $1,800.
The market technician claims that ETH is completing a massive ABCDE wave structure within a years-long “symmetrical pennant,” which can only mean one thing: explosion.
The Roaring Bull Case
In a recent breakdown, Weslad explained that Ethereum’s price action since its $4,851 all-time high has formed a giant consolidation pattern. According to him, this structure is now approaching a critical inflection point known as wave D, testing its upper boundary.
At the same time, a bullish Inverse Head and Shoulders (IH&S) pattern is emerging on the daily chart, with its neckline acting as stubborn resistance near $2,855.
This technical confluence suggests a coiled spring ready to unleash tremendous energy into the market, leading the analyst to state unequivocally:
“A confirmed breakout above the neckline [$2,855] would likely validate both the IH&S and the breakout from wave D, setting the stage for a potential expansion move toward the $6,000 target and beyond.”
Weslad’s audacious target found an ally in fellow strategist Jeremy Fielder, who declared in a video posted on X:
“We’re looking at $6,500 Ethereum by the end of the year and then a possible 10,000 Ethereum in early next year… Regulation is now pro-crypto. That’s all you need to know.”
He based his argument on the accelerating adoption of Web3 and a favorable regulatory shift, dismissing granular metrics in favor of a sweeping bullish tide.
While not as lofty a milestone as Weslad’s and Fielder’s, market watcher Titan of Crypto’s $4,100 target is not far off the ballpark. His thesis is hinged on Ethereum’s successful recovery back inside its crucial weekly trading range, noting that momentum is building towards the range high.
Looming Bear Trap
But don’t celebrate just yet. Weslad’s otherwise bullish analysis also comes with a stark warning for the downside scenario. He suggested that if ETH faces rejection at the critical $2,855 neckline resistance or the upper boundary of the pennant, a retracement into wave E becomes highly probable.
According to him, this trajectory would drag the price down towards a “high-confluence demand zone” spanning $1,400 to $1,800. That’s a potential 40% collapse from current levels.
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