Cryptocurrency
Altcoins Crash Once More as Bitcoin (BTC) Slips to $63K (Weekend Watch)
Bitcoin’s price recovery attempts from the business week have come to a halt as the asset slumped to $62,400 earlier before bouncing off to around $63,000 as of now.
The altcoins are in no better shape, with most of the market turning red today. The total crypto market cap is down by $150 billion in two days.
BTC Dumps to $63K
Bitcoin’s price actions before and after the fourth halving, which was completed last Friday, have been quite underwhelming. The asset recovered some ground after the Iran-Israel attacks and stood above $65,000 when the block rewards were reduced.
It even started climbing in the following days and challenged $67,000 on a few occasions. Yet, it didn’t see much success there amid the growing ETF outflows.
Just the opposite, BTC started to lose value rapidly in the past few days, which culminated in a substantial price decline to a multi-day low of $62,400 earlier today.
Despite recovering some ground, bitcoin still struggles to reclaim $63,000. Its market cap has slipped to $1.240 trillion on CoinGecko, while its dominance over the altcoins stands still below 51%.
Alts Turn Red
The alternative coins space is in a dire state today as well. The most violent price decline from a larger-cap alt comes from Solana. The token has dropped by over 5% in a day and struggles below $140 now. Dogecoin (-3.5%), Cardano (-3.2%), Avalanche (-3.6%), Shiba Inu (-3.1%), and Polkadot (-2.75%) follow suit.
ETH, BNB, XRP, and TON are also in the red but in a less violent manner. Tron’s native token is among the few alts in the green today, charting a 3% increase.
However, most other lower- and mid-cap alts have posted significant losses over the past day as well. As such, the total crypto market cap is down by $50 billion overnight and $150 billion since Thursday to under $2.450 trillion on CG.
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Cryptocurrency
Homnifi: A Catalyst for Blockchain Innovation
Innovation is the heartbeat of the Web3 revolution, as blockchain technology transforms industries and reshapes the way we interact with digital platforms. At the center of this transformation stands Homnifi, a platform designed to empower users and projects to unlock the full potential of Web3. By providing seamless tools, connections, and support, Homnifi serves as a key driver of blockchain innovation, helping ideas thrive and turning possibilities into real-world solutions.
Why Innovation Matters in the Web3 Era
Blockchain innovation is about more than just technology—it’s about building a future where systems are more transparent, secure, and user-focused. Innovations in Web3 empower:
- Decentralized Applications (dApps): Bringing solutions that operate without centralized intermediaries.
- Community Ownership: Allowing users to have greater control and input over the platforms they support.
- Interoperability: Connecting diverse blockchain networks for a more unified digital experience.
For Web3 to reach its full potential, platforms like Homnifi are needed to bridge gaps, encourage collaboration, and offer tools that drive meaningful progress.
How Homnifi Drives Blockchain Innovation
Homnifi’s platform is built with innovation in mind, offering features and tools that empower individuals, developers, and projects to achieve their goals. From seamless connections to blockchain networks to simplified access to decentralized tools, Homnifi ensures that the path to innovation is accessible and efficient.
Here are some of the ways Homnifi acts as a catalyst for blockchain innovation:
1. Seamless Access to Web3 Tools
One of the main challenges in the Web3 space is accessibility. Many tools and platforms require technical expertise, creating barriers for users and developers. Homnifi solves this problem by offering a user-friendly gateway to Web3 tools and decentralized applications.
Through Homnifi, projects and innovators can focus on building solutions without worrying about complex integrations. Whether it’s connecting devices, accessing decentralized networks, or enabling secure transactions, Homnifi streamlines the process so users can focus on what truly matters—innovation.
2. Empowering Projects to Scale
For innovative blockchain projects to succeed, they need platforms that provide visibility, resources, and scalability. Homnifi connects users with emerging initiatives, offering a space where creators, developers, and early supporters can engage. By simplifying access and participation, Homnifi helps these projects grow and reach their full potential.
This means that whether it’s a groundbreaking dApp, a community-driven platform, or a next-generation tool, Homnifi ensures innovators have the support they need to make their ideas a reality.
3. Fostering Interoperability
Innovation thrives when systems work together. However, the blockchain space is often fragmented, with multiple networks operating independently. Homnifi helps solve this challenge by enabling interoperability—seamlessly connecting users to diverse blockchain networks and applications.
By acting as a bridge, Homnifi allows projects to expand their reach, tap into new opportunities, and collaborate across different ecosystems. This opens the door for greater innovation as developers can combine the strengths of various networks to create powerful solutions.
4. Supporting Emerging Use Cases
Web3 is a constantly evolving space, with new use cases emerging every day. From decentralized finance (DeFi) to digital identity and beyond, Homnifi supports projects that push the boundaries of what’s possible with blockchain technology.
For example, innovators in:
- Digital Ownership: Building solutions for secure and transparent asset ownership.
- Decentralized Communities: Enabling users to connect and collaborate without intermediaries.
- Privacy and Security: Creating tools that prioritize user data protection.
Homnifi’s platform provides the tools and infrastructure these projects need to test, scale, and succeed.
Homnifi in Action: Empowering Real-World Innovation
Homnifi doesn’t just talk about innovation—it enables it. By connecting users with blockchain networks, devices, and applications, Homnifi has become a platform where real-world innovation can take shape.
For developers, this means a streamlined process to build, test, and deploy their ideas. For users, it’s a gateway to explore cutting-edge projects, tools, and solutions that are shaping the future of the Web3 space.
The Road Ahead: Homnifi’s Vision for the Future
As blockchain technology continues to evolve, Homnifi remains committed to driving innovation and empowering the next generation of Web3 solutions. By bridging gaps, supporting emerging projects, and simplifying access to decentralized tools, Homnifi is helping to lay the foundation for a more connected, innovative, and decentralized future.
For anyone looking to explore, build, or support blockchain projects, Homnifi provides the tools and opportunities to turn ideas into reality.
Conclusion: Be Part of the Innovation
Innovation in Web3 is about building solutions that make a real difference, and Homnifi is the platform that makes it possible. Whether you’re a developer, creator, or simply curious about the future of blockchain, Homnifi provides the tools and connections to help you succeed.
Join Homnifi and become part of the innovation shaping the future of Web3—because the next big idea could start with you.
About Homnifi
Homnifi is a pioneering platform dedicated to making Web3 accessible for everyone. With a mission to simplify the journey into decentralized applications (dApps) and blockchain technology, Homnifi empowers users—from novices to seasoned tech enthusiasts—to explore the transformative potential of the digital landscape with ease and confidence. By offering a user-friendly interface and educational resources, Homnifi demystifies complex blockchain concepts, ensuring that individuals can engage with the decentralized world without barriers.
As a gateway to Web3, Homnifi fosters community engagement and collaboration, allowing users to connect, learn, and grow together. The platform promotes transparency, user ownership, and enhanced security, positioning itself as a vital player in the ongoing digital revolution. With a commitment to innovation and inclusivity, Homnifi is shaping the future of the internet, making it a place where everyone can thrive in the evolving digital ecosystem.
For more information, visit Homnifi’s website at https://homnifi.com/ and follow us on social:
Facebook – X – Instagram – LinkedIn – Telegram
Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotato’s full disclaimer.
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Cryptocurrency
Bitcoin Positions for Further Gains as Sell-Side Liquidity Dries Up: Bitfinex Alpha
As 2025 begins, the possibility of bitcoin (BTC) experiencing a significant correction in this first quarter is high. However, declining sell-side liquidity suggests the cryptocurrency could also see further gains in the medium term.
In the latest edition of the Bitfinex Alpha report, analysts revealed that much of the downside pressure predicted for Q1 2025 may have already eased off during bitcoin’s double-digit correction in mid-December. Because liquidity is drying up, BTC may have a more positive quarter.
Bitcoin Sell-side Liquidity Dries Up
According to the report, bitcoin’s sell-side liquidity is falling rapidly to multi-month lows. This tightening of available BTC liquidity can be seen in the Liquidity Inventory Ratio, a metric that measures how long current supply can meet demand.
In October 2024, the indicator showed that BTC supply could meet demand for 41 months; however, it currently hovers around 6.6 months. During bitcoin’s rallies in the first and fourth quarters of 2024, the market also witnessed this type of decline in sell-side liquidity, indicating that such movements coincide with periods of strong market activity.
Bitfinex analysts disclosed that BTC miners are one cohort of market participants driving the plunge in sell-side liquidity. Historically, the market has seen significant spot selling pressure from miners during halving years. This is because these entities offload their reserves and holdings to raise capital to upgrade their machinery and remain afloat as the Bitcoin network slashes their block rewards by half.
However, miners have slowed their BTC sales since April 2024. Their asset flows to exchanges have declined even more rapidly since the start of 2025, indicating that they are selling fewer bitcoins.
HODLing, Not Selling
Noteworthily, miners recorded a slight increase in their flows to exchanges in November 2024 as BTC skyrocketed following the completion of the United States presidential elections, but they have reduced the pace of profit-taking since then.
Bitcoin miners are currently in profit, which has allowed them to operate easily. They choose to hold their BTC rather than sell it.
“Additionally, the Net Unrealized Profit and Loss NUPL) for miners remains very positive, hovering around 0.5, suggesting that miners are still in a strong position, with substantial unrealized profits and a preference to hold onto their BTC at this stage,” Bitfinex added.
Meanwhile, miners are not the only market participants not selling their BTC; long-term holders are also HODLing.
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Cryptocurrency
SPX6900 Pumps Another 17%, $3 is Next Target as New Index Meme Coin ICO Raises $2M
The next stage of the crypto bull run is continuing to leave market participants on edge, as Bitcoin and Ethereum bulls fight to push their favorite leading cryptocurrencies back toward their recent highs.
Bitcoin saw a total gain of just over 5% last week (and has now broken $100,000 again), while Ethereum pushed upwards by 8.4%.
In the meantime, a mini alt season has broken out as a range of notable cryptos experienced small recoveries and pumps – with SPX6900 ($SPX) continuing to lead. $SPX has pumped 20% over the past day and is now up 81% from this time last week.
Meanwhile, the “meme coin index” narrative is also driving growth of Meme Index ($MEMEX), which has now raised $2m through its ongoing ICO.
SPX6900 Continues to Shine in the Spotlight
With another 17% gain pumping its price beyond $1.50 over the last 24 hours, SPX6900 might finally be ready to take a breather – or so its daily chart would suggest. This is the kind of chart that every crypto investor dreams about, showcasing a massive parabolic run that unfolded in almost textbook fashion:
Over this weekend, SPX6900 slowed down for the first time as it printed a “spinning top” candle on Saturday, signaling indecision and a battle between bulls and bears. The bulls proved victorious on Sunday, achieving a fresh 14% profit on the day – and this Monday we’re seeing the pump continue once again.
If we zoom into the hourly chart, however, we can see a more detailed picture:
Since breaking through the $1 level, SPX6900 has formed a series of higher lows, then broken out and also formed a bullish ascending triangle. The asset’s trading volume has pulled back, while its RSI (Relative Strength Index) is hovering slightly below the overbought zone with a score of approximately 67.
Put together, these are all cumulative signs of more potential bullish action still to come – so we could easily see SPX6900 explode yet again, passing $1.60. From there, it might well flip that resistance level into support, leaving the bulls in control and another green daily candle on the cards. Considering everything we’ve seen so far, $3 (almost a 2x from SPX’s current price) is shaping up to be a fair target for bullish believers.
hitting $1.5B mcap w/o Coinbase, Binance, Robinhood is a statement
SPX6900 will reach multi billions before your fav memecoin, strongest community in the game.
— Malik (@tiny_malik) January 6, 2025
On the bearish side, a price dip from here would also be reasonable in order to burn off some of that overbought RSI score. A pullback below $1.50 would open up lower price targets like $1.40, $1.35, $1.25, $1.14, or the key psychological support line at $1 – although it’s worth noting the sheer number of potential support levels that SPX6900 established during its big sprint upwards.
Whether $1.60 proves to be the current limit for SPX6900 bulls or not, this asset has still performed amazingly well, with the worst-case scenario currently being an opportunity to buy the dip.
With so much SPX6900 hype spreading across social media, our next token is shaping up to be that now-legendary project’s successor…
Meme Index ICO Raises $2M – the Next SPX6900?
Excited by the prospect of the next big “meme coin index” token, SPX6900 enthusiasts and crypto experts in general have been heavily supporting Meme Index ($MEMEX), one of the world’s very first decentralized trading platforms for meme coin projects of all sizes.
Hitting it big by betting heavily on just one meme coin arguably requires a significant amount of luck, not just effective analysis – and diversifying a portfolio by investing in multiple tokens quickly becomes time-consuming, not to mention potentially confusing.
Meme Index helps to address this issue, as MEMEX holders can easily stake their tokens across “baskets” (indexes) that expose investors to the cumulative price performance of several meme coins at the same time.
This means that if one token’s value drops significantly, other tokens can help to prop up the value of that basket – and if the crypto market pumps into a fresh bullish phase, investors won’t miss out if a few specific tokens outperform everything else.
Degens can dive into the “Meme Frenzy Index” (where the most rewarding and risky tokens can be found), opt for the relatively safe road with the “Meme Titan Index” (the mainstream meme token basket, including the likes of SHIB, PEPE, and of course DOGE), or go for a moderate level of volatility with mixed collections like the “Moonshot Index” and “Midcap Index”.
Given how strongly SPX6900 has pumped this early in 2025, MEMEX looks set to follow up its phenomenal ICO with its own rocket-fuelled price action when it launches on major crypto exchanges.
Meme Index has now raised $2 million through its presale, with analysts expecting greater achievements in the coming weeks, months, and years.
MEMEX tokens are temporarily priced at just $0.0149831, with staking rewards of 1,207% APY awaiting early investors who choose to stake their tokens and generate passive income. Earning extra tokens will enable those investors to acquire additional votes and have a greater say in the future of Meme Index, as MEMEX will also act as the platform’s governance token.
Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotato’s full disclaimer.
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