Deriv’s innovative trading solutions earn MEA 2025 award

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Deriv has been recognised as the "Most Innovative Broker—MEA 2025" at the Dubai iFXEXPO, held from 14 to 16 January 2025. This accolade highlights the company's dedication to innovation, trust, and excellence in service. 

The start of AI integration through low-code development

With over 25 years in the industry, Deriv has established itself as a leader by offering cutting-edge platforms and solutions that make trading accessible to a global audience. The company’s adoption of low-code platforms has streamlined workflows and accelerated development timelines, enabling swift updates and enhancements.

Embracing AI for a Smarter Future

Deriv is on a transformative journey to become an AI-first organisation. Co-CEO Rakshit Choudhary commented: “In 2025, our focus will be on embedding AI into the DNA of every department and empowering our teams to build their capabilities.”

Future of AI in finance 

AI will play a central role in Deriv’s future strategy, optimising core operations such as compliance, recruitment, and overall operational efficiency. Deriv is taking a proactive approach to innovation by exploring the use of AI tools to accelerate the development and deployment of new trading products, ensuring the company remains at the forefront of the online trading industry and continues to exceed client expectations.

Prakash Bhudia, Head of Product and Growth at Deriv, emphasised the significance of the accolade: “Being named ‘Most Innovative Broker - MEA’ is a testament to our relentless pursuit of excellence. This award underscores our mission to empower traders with intuitive, cutting-edge solutions while ensuring a seamless, trustworthy trading experience.”

Deriv’s recognition at the iFXEXPO serves as a milestone in its journey to redefine the trading landscape through technological advancements and unwavering dedication to its clients. Its commitment to innovation, coupled with its client-centric approach, further solidifies its position as a leader in the online trading industry. The company's global presence spans 20 locations, serving a diverse community of traders across various regions.

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Ripple, the San Francisco-based global payments technology firm, has made a dramatic pivot that could define its future in the cryptocurrency space. Once hindered by regulatory hurdles in the United States, Ripple is now gearing up for an ambitious U.S. expansion, signaling a potential shift in its strategy. With a pro-crypto administration led by former President Donald Trump set to take office in January 2025, Ripple’s bold moves and XRP’s future price potential have investors asking a critical question: Can Ripple’s strategic shift and the “Trump effect” push XRP to an ambitious $50 target?

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Ripple’s strategic U.S. comeback

For years, Ripple appeared ready to abandon the U.S. market due to the regulatory battles that culminated in a high-profile lawsuit with the Securities and Exchange Commission (SEC). Under former SEC Chair Gary Gensler’s leadership, Ripple faced immense scrutiny, with XRP’s status as a security hotly contested. At the height of this regulatory uncertainty, Ripple was mulling relocating its global headquarters to more crypto-friendly jurisdictions, with 95% of its customers already operating outside the United States.

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Fast-forward to late 2024, and Ripple’s narrative has taken a dramatic turn. CEO Brad Garlinghouse announced that 75% of Ripple’s new job listings are now targeted at U.S.-based recruits, marking a clear shift in strategy. These positions, largely focused on engineering and product development, underscore Ripple’s commitment to scaling innovation on American soil. This pivot isn’t just about jobs; it’s about staking a claim in what could become a more crypto-friendly U.S. market.

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Adding to the intrigue, Garlinghouse recently dined with President Donald Trump and Ripple’s Chief Legal Officer, Stuart Alderoty. In a post on social media platform X, Garlinghouse credited the incoming administration as a game-changer for the crypto industry, coining the term “Trump effect.” He emphasized that Trump’s policies are already jumpstarting innovation and job growth in the U.S., signaling a dramatic departure from the regulatory freeze that Ripple faced in the past.

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The “Trump effect” and XRP’s prospects

Trump’s pro-crypto stance has created a wave of optimism across the cryptocurrency landscape. Analysts believe that his administration’s regulatory clarity could be a catalyst for institutional investors to enter the XRP market. Ripple’s U.S. expansion is poised to take advantage of this shift, especially with the prospect of an XRP-focused exchange-traded fund (ETF) on the horizon.

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Historically, ETF approvals have been transformative for cryptocurrency markets. Bitcoin, for instance, saw a significant rally after the approval of its first ETFs in 2021 and 2024. Similarly, rumors are circulating that BlackRock, the world’s largest asset manager with $12 trillion under management, may allocate a portion of its portfolio to XRP. Even a small investment from such a financial behemoth could send XRP prices soaring.

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At least four firms, including WisdomTree and Bitwise, have already filed applications for XRP ETFs, and analysts are optimistic about their approval under a pro-crypto SEC led by Paul Atkins, Trump’s pick for SEC Chair. If approved, these ETFs could provide institutional investors with a seamless entry point into the XRP market, further boosting demand and legitimacy.

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XRP as a bridge for CBDCs

Another factor fueling optimism for XRP is its potential role in the global financial system. Central banks worldwide are racing to develop Central Bank Digital Currencies (CBDCs), and Ripple’s XRP Ledger could serve as the perfect bridge between these currencies. XRP’s fast transaction speeds, low costs, and scalability make it a prime candidate for cross-border payments in the decentralized finance (DeFi) era.

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According to analysts, if Ripple succeeds in positioning XRP as the backbone of CBDC interoperability, the token’s utility and demand could skyrocket. This foundational use case aligns with Ripple’s long-standing mission of facilitating efficient global payments and could serve as a critical driver for its ambitious $50 price target.

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Price headwinds on the horizon

While the outlook for Ripple and XRP appears promising, it’s essential to temper optimism with caution. The cryptocurrency market is notoriously volatile, and XRP’s price movements have historically been subject to significant fluctuations. For instance, long-term investors offloaded over $467 million worth of XRP in early January 2025, as tracked by the Dormant Circulation Supply chart from Santiment. Such sell-offs can dilute market supply and create downward pressure on prices.

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Moreover, XRP’s ambitious $50 target hinges on multiple factors aligning seamlessly:

• The successful approval and adoption of XRP ETFs.

• Institutional investment from major players like BlackRock.

• Ripple’s ability to capitalize on CBDC opportunities.

• A consistently pro-crypto regulatory environment under Trump’s administration.

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Any deviation from these factors could impact XRP’s trajectory, reminding investors that nothing in the crypto market is guaranteed.

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2025: A make-or-break year for XRP?

As Ripple doubles down on its U.S. strategy and prepares to leverage the Trump administration’s pro-crypto policies, the stakes for XRP have never been higher. The combination of ETF approvals, institutional interest, and CBDC integration could propel XRP into uncharted territory. However, the journey to $50 will be anything but smooth, with market volatility and execution risks looming large.

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For XRP holders, the “Trump effect” represents a unique opportunity to ride a potential wave of regulatory clarity and institutional adoption. As 2025 unfolds, all eyes will be on Ripple’s roadmap and its ability to deliver on its ambitious vision. One thing is certain: Ripple’s big U.S. bet has made XRP one of the most closely watched cryptocurrencies of the year.

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At the time of writing, XRP is hovering just below $2.5000. Buy pressure appears dominant on the weekly chart, though the last few weeks have produced sell candles that hint at upward momentum slowdown. Prices staying elevated above the 100-day moving average hint at possible further buy pressure, however RSI edging towards the overbought territory hints at potential easing. 

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Buyers could find resistance at the $2.4965 and $2.6782 price levels. On the downside, sellers could be held at the $2.2102 and $2.0000 price levels.

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You can trade XRP today with a Deriv MT5 account. It offers a list of technical indicators that can be employed to analyse prices. Log in now to take advantage of the indicators, or sign p for a free demo account. The demo account comes with virtual funds so you can practise analysing trends risk-free.

Natural gas prices hit a 52-week high of $4.201 per thousand cubic feet as frigid weather grips the Eastern U.S. Forecasts predict colder-than-average temperatures and snowstorms through mid-January, driving up heating demand. The surge comes alongside concerns over potential supply disruptions, including freeze-offs in the Marcellus Shale, and strong export demand for LNG.

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Bullish sentiment dominates

Year-to-date, natural gas prices are up 58%, with a 15% spike in February futures on Monday alone. Algorithmic funds have shifted to net long positions, reflecting growing confidence in further price increases.

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Key technical levels for natural gas

Resistance lies at $4.176 and $4.363, with support at $3.852 and $3.614. The trajectory hinges on whether frigid weather persists into late January or eases, leaving traders on edge as the market watches every shift.

Read the full article here: https://www.fxstreet.com/analysis/natural-gas-how-high-can-prices-go-as-january-turns-frigid-202501020908

The stock market in 2024 painted a vivid picture of extremes. While a handful of companies soared to dazzling heights, delivering record-breaking gains, others faltered, their value eroded in a challenging economic landscape.

A recent IBD analysis reveals that eight S&P 500 companies drove over $6 trillion in market value, accounting for more than half of this year’s $11.8 trillion index gain. Giants like Nvidia, Amazon, Apple, and Walmart were the heroes of 2024, while others like Intel, Nike, Boeing, and Moderna struggled to stay afloat.

Here’s a closer look at the winners and losers that defined the year.

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Stock market winners of 2024

Nvidia stock 2024: The AI frontrunner

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No stock better encapsulates 2024’s market success than Nvidia. Riding the AI boom, Nvidia’s stock surged 180%, adding an eye-popping $2.3 trillion in market value. To put this into perspective, Nvidia alone accounted for 20% of the S&P 500’s total gains this year- an achievement unmatched by any other company.

With a stellar Relative Strength (RS) Rating of 96, Nvidia’s growth trajectory remains compelling. Analysts project its profit to climb nearly $300b in 2024 and a further 127% in 2025, solidifying its dominance in the AI semiconductor space.

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Amazon stock 2024: An e-commerce powerhouse

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Amazon took the runner-up spot, delivering a 50% stock gain in 2024 and adding $753 billion in market value. The e-commerce and cloud computing titan contributed 6.4% of the S&P 500’s total gains. Analysts forecast profit growth of 77% this year and another 21% in 2025, further cementing Amazon’s status as a cornerstone of the modern economy.

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Apple stock 2024: Driving innovation and revenue

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Apple’s 33% stock gain in 2024 showcased the company’s continued ability to innovate and deliver value. Strong iPhone sales and services revenue drove its performance, with Q4 earnings beating expectations at $1.64 per share, a 12% year-over-year increase. Revenue reached $94.93 billion. The iPhone 16, featuring AI-powered innovations, signals strong momentum for further growth.

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Walmart stock 2024: A resilient retail story

Proving that retail isn’t dead, Walmart surprised investors by soaring 78% this year, adding $342 billion in market value and accounting for roughly 3% of the S&P 500’s total gains. With a CS Rating of 91 and robust profit growth expected in fiscal 2025 and 2026, Walmart demonstrated that traditional retail can thrive in a tech-driven world.

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The Stock market losers of 2024

While some stocks soared, other stocks fell, dragging down the market's overall momentum. Ten companies, including Intel, Nike, Boeing, and Moderna shed a combined $383.2 billion in value this year, underscoring the volatility and challenges some sectors faced.

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Intel stock 2024: Missing the AI wave

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At the top of the loser’s list is Intel, whose market value plummeted by $117.1 billion, marking a 58% drop in its stock price. Struggling to capitalize on the AI boom, Intel’s performance was the antithesis of Nvidia’s meteoric rise. With a dismal RS Rating of 12 and a forecasted profit decline of 112%, Intel’s challenges reflect a broader struggle to remain relevant in a rapidly evolving semiconductor market.

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Nike stock 2024: Losing ground to rivals

Nike saw its value shrink by $48.5 billion this year, with shares falling 28%. This decline highlights a shift in consumer preferences toward competitors like Deckers and On Holding. With an RS Rating of 15 compared to On Holding’s 94, Nike struggled to regain its footing in a competitive landscape.

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Boeing stock 2024: Struggles continued in 2024

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Despite its dominance in aerospace, Boeing’s woes persisted in 2024, with shares tumbling 35% and wiping out $39.4 billion in market value. Plagued by a bloated cost structure and persistent quality control issues, Boeing faced a forecasted profit decline of 176%, further eroding investor confidence.

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Moderna stock 2024: Post-pandemic pain

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Moderna’s 63% drop this year reflects the challenges biotech firms face in a post-pandemic world. Once a hero of the COVID-19 vaccine race, Moderna hit a 52-week low of $41.52 amid concerns over vaccine demand sustainability and high cash burn. Despite advancing its mRNA technology and gaining regulatory approvals for its RSV vaccine, the company struggled to regain momentum. Analysts’ revised price targets signal lingering uncertainty about its future growth.

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‍A year of contrasts for stocks

2024 was a year defined by extremes. The staggering gains of Nvidia, Amazon, Apple, and Walmart stood in stark contrast to the sharp declines of Intel, Nike, Boeing, and Moderna. These polarising performances highlight the importance of adaptability, innovation, and execution in navigating an ever-changing market. You can monitor the winners for what’s left of 2024, and into 2025 with a Deriv MT5 account. Log in now to take advantage of the indicators, or sign up for a free demo account.

Disclaimer: Trading hours during the holiday season are not final and may change a few days prior.

As we approach the end of 2024, it’s hard to believe another year has flown by. With the holiday season in full swing, markets often settle into predictable seasonal rhythms. December typically sees a slowdown in trading as investors wind down their portfolios, lock in profits, and prepare for a well-deserved break.

Year-end portfolio adjustments can create short bursts of volatility across stocks, forex, and commodities. In forex and commodities markets, thinner holiday liquidity often amplifies price swings, even as overall market activity declines.

While we take time to unwind and recharge, it’s essential to stay mindful of holiday market trends and closures. Let’s dive into the adjusted trading hours and key market schedules for the festive season, so you’re fully prepared as 2024 comes to a close.

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Crypto market hours and synthetic indices

On Deriv, you can trade cryptocurrencies and synthetic indices 24/7, even during holidays and public holidays. With heightened volatility in the crypto market, including Bitcoin recently reaching a historic $100,000 milestone, now is a great time to explore these exciting opportunities.

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Basket indices market hours

Basket indices are typically available for trading 24/5, but they remain closed on Christmas and New Year’s holidays.

Note: Only Basket Indices for zero spread have the same regular trading hours as the Gold Basket Index, while their holiday status follows that of the standard Basket Indices symbols.

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Derived FX market hours

Derived FX are usually available for trading on all weekdays. This year, they will be open for trading at 22:00 GMT on Christmas and New Year’s day, and there will be an early close on Christmas and New Year's eve.

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Tactical Indices

Our tactical indices will be available for trading on weekdays within these times. There will be an early 18.45 GMT close on Christmas Eve and an early 23.00 GMT on Christmas and New Year’s day.

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Forex trading market hours

Forex trading is available 24 hours a day, five days a week, making it one of the most accessible and liquid financial markets globally. However, during the holidays, the market often experiences reduced volatility, lower liquidity, and limited trading hours. With fewer economic data releases and decreased activity as participants take time off, currency pairs tend to trade within tighter ranges, showing more consolidative price action. Below is the holiday schedule for all the forex pairs we offer.

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Stock indices market hours

The holiday season often sees lower trading volumes as participants step away. Adapting your strategy by tracking daily volumes and liquidity during market hours is key.

Stock markets operate Monday through Friday on regular business days. During the holiday season, trading schedules may vary. Below are the holiday schedules for some of our major stock indices.

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Commodities trading market hours

During the holiday season, trading activity and volumes in commodity markets often decline significantly, making prices more sensitive to even minor fluctuations in supply and demand. 

Below is the holiday schedule for all the commodities we offer.

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ETFs and Stock market hours

Our stock and ETF offerings will be open to trade on regular trading hours. However, there will be an early close on Christmas eve on regular CFD platforms. Trading will be closed on Christmas day. 

For CFD platforms on Airbus SE & Air France KLM SA) there will be an early close on Christmas and New Year’s eve. Trading will remain closed on Christmas, Boxing and New Year’s day.

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Platform Market Accessibility

On Deriv, cryptocurrencies and synthetic indices (excluding Forex Synthetic, Basket, and Tactical Indices) are available for trading 24/7, ensuring uninterrupted access even during holidays and public holidays. Stay connected to the markets whenever it suits you!

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Trade around market closures as we close 2024

Keep an eye on adjusted trading hours to stay on top of your portfolio while still enjoying some well-deserved downtime this holiday season. With a little balance, you can make the most of the celebrations without losing track of the markets. Here’s to a merry and bright holiday season and smooth trades heading into 2025!

Deriv expands in Cyprus with new innovation hub in Nicosia

Deriv has unveiled plans to open a second office in Cyprus, in the prestigious Asteroid building in Nicosia. Four years after establishing its first office in Limassol, this marks a significant step in the company’s strategic growth. 

Why Cyprus? The Thriving Hub of Forex Companies

"Cyprus plays a crucial role in the online trading industry," said Rakshit Choudhary, Co-CEO of Deriv. "With Nicosia’s reputation as a thriving hub for innovation, our investment here not only strengthens our operational framework but also allows us to tap into the vibrant ecosystem of talent that Cyprus has cultivated". The new office, set to open in mid-December, will focus on cutting-edge technologies such as AI, data analytics, and low-code/no-code platforms to transform Deriv into a leading fintech company.

A hub for top-tier talent: Supporting the Growth of Trading Companies in Cyprus

The office seeks to attract top-tier professionals eager to contribute to groundbreaking projects and advance their careers. Andreas Potamitis, Head of the Nicosia Office, shared, “We’re not just creating jobs; we’re creating opportunities for people to excel and grow. Deriv offers extensive opportunities for professionals to work on AI-powered trading solutions, advanced platforms and sophisticated projects, all without lengthy commutes.”

The office will feature state-of-the-art facilities, including collaborative zones, modern workspaces, and advanced meeting areas. It aims to provide an inspiring environment for roles such as Trading Analysts, DevOps and WinOps Engineers, and Low-Code Developers, enabling professionals to push the boundaries of trading technology.

With over 25 years of experience, 20 global locations, and multiple ‘Great Place to Work’ accolades, Deriv’s investment in Cyprus underscores its commitment to innovation and global growth. By expanding in Nicosia, the company continues to strengthen its position as a fintech leader while contributing to the local ecosystem of talent and technology.

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Cyberjaya, 27 November – Deriv has launched Tactical Indices, an innovative asset class that's already proving its worth in capturing major market moves. This development brings sophisticated trading strategies within reach of traders at all levels.

As an established online broker with 25 years of industry experience, Deriv developed Tactical Indices to address common trading challenges. This new offering automatically executes pre-defined rules based on technical indicators, enabling traders to capitalise on market opportunities without constant manual intervention.

Seizing market opportunities: Real-world success stories

The power of Tactical Indices becomes clear when we look at recent market events. During the US 2024 Election aftermath on November 6th, while silver dropped by around 5%, the Silver RSI Trend Down index demonstrated its effectiveness by gaining over 15% – triple the underlying movement.

“What makes Tactical Indices special is their ability to amplify market opportunities,” explains Prakash Bhudia, Head of Product and Growth at Deriv. "We’re seeing traders capitalise on market moves in ways that weren’t previously possible without complex technical analysis.”

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Best indices to trade: Capturing market movements

The initial launch features four Silver RSI Tactical Indices, each proving their worth in recent market scenarios:

1. Trend Down Index (potentially capitalising on downward trends in silver prices)

During the post-election market volatility (November 6th), turned a 5% silver decline into a 15% gain

2. Trend Up Index (potentially capitalising on upward trends in silver prices)

December 9th: Converted a 4.5% silver rise into a 12.9% gain

3. Pullback Index (potentially capitalising on downward trend reversals in silver)

October 30-31st: Transformed a 5.85% silver pullback following US employment and inflation data into a 16% gain

4. Rebound Index (potentially capitalising on upward trend reversals in silver)

December 2-3rd: Turned a 3.5% silver rebound into a 12.7% profit

Key benefits of Tactical Indices for traders

• Automated capture of market movements
• Enhanced potential returns compared to traditional trading
• Professional-grade strategies without technical complexity
• Reduced monitoring needs with automated execution

Currently available on the Deriv MT5, Deriv cTrader, and Deriv X platforms, Tactical Indices represent just the beginning. Early 2025 will see the introduction of new technical indicators, including MACD and Bollinger Bands, alongside expanded asset classes and strategies.

Ethereum (ETH) recently experienced a slight pullback, reflecting a common cooling-off period for the crypto market after a week of bullish rallies. As Bitcoin (BTC) hit a new all-time high of $90,000, many saw it as a catalyst for further gains across the digital asset space. However, Tuesday’s U.S. market session brought a modest cooldown: BTC dipped by 2%, with ETH following at a 3.5% decline. 

Despite this temporary setback, many analysts view it as a setup for ETH’s next leg upward, aligning with the pattern of BTC-ETH correlation observed during the 2021 bull cycle. ETH’s ability to mirror BTC’s price action highlights the deep connection between these two leading cryptocurrencies in driving new all-time highs (ATHs) and signalling broader market trends. The co-relation between the two assets has also been rising, turning around the steep drop in January. 

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Institutional interest boosts Ethereum’s bullish sentiment

Recent inflows into Ethereum spot ETFs highlight rising institutional interest, helping offset some of the effects of the Ethereum Foundation’s ETH selling. On November 11, we saw an  impressive $295 million in daily ETF inflows as noted by ETF Store’s CEO Nate Geraci, marking a new milestone. Led by major financial players like Fidelity, BlackRock, and Grayscale, these ETFs attracted over $500 million in total inflows over just four days, showcasing rising confidence among institutional investors.

This wave of capital into Ethereum ETFs has further strengthened ETH’s bullish sentiment and provided added liquidity. Market observers believe that as institutional support for Ethereum deepens, it will become easier for ETH to test and possibly surpass key resistance levels, such as $3,500. Moreover, this robust inflow suggests a positive outlook for ETH in the eyes of institutional players, which may ultimately support a more sustained upward trajectory.

Ethereum price forecast: Higher targets for Ethereum

Several well-regarded analysts are predicting that ETH’s current rally is just the beginning. Seasoned crypto analyst Captain Faibik has shared an optimistic view, noting that ETH is trading within a Broadening Wedge Pattern that could soon see a breakout. He predicts a midterm target of $5,450, a 68% increase from ETH’s recent trading range, which, if achieved, would signify a strong continuation of the current bull run.

Similarly, analyst Ali Martinez expects ETH to rise even further, projecting a price of $6,000 based on ETH’s ability to hold above critical support levels. Martinez points to $2,400 as a key support, and as long as ETH defends this level, it shows strong buying pressure that could propel it toward $6,000. Holding these support levels is often a signal of investor confidence, which can inspire a self-reinforcing cycle of optimism as more buyers enter the market.

FreeDum Fighters (DUM): A rising alternative in the crypto space

In addition to the bullish sentiment surrounding ETH, new projects like FreeDum Fighters (DUM) are making a mark in the cryptocurrency landscape, offering a unique value proposition by tapping into the PoliFi space. FreeDum Fighters weaves together politics and crypto, presenting users with the option to bet on satirical candidates Kamacop and MAGATRON, capturing the attention of investors looking to capitalise on the growing intersection of politics and digital assets.

With a presale funding of over $420,000 and a current token price of just $0.000065, FreeDum Fighters has quickly built a strong community following, attracting over 1,800 Twitter followers and 1,500 Telegram members. The project’s roadmap includes staking pools, weekly debates with rewards, and two completed security audits, all aimed at fostering engagement and trust among investors.

Ethereum technical analysis: A launchpad for further gains?

Ethereum’s recent pullback may only be a temporary pause in a broader upward trend. With institutional inflows into Ethereum ETFs and technical indicators signalling strong bullish momentum, ETH appears poised for continued growth. Analysts are optimistic, with some forecasting price targets as high as $6,000 in the medium term.

At the time of writing, ETH is hovering around $3,150 with bullish indicators still present on the daily chart despite the recent pullback. RSI dipping from the overbought area while price retreats from the upper Bollinger band, hints that upward momentum may take a significant pause before further lows, or new breakout highs. 

Buyers could face a hurdle at the $3,370 area, an area that held last time, with a further move likely to face resistance at the $3,500 mark. On the downside, price could find support at the $3,116 level, with a further slump likely finding support at the 100-day moving average.

As for now, you can get involved and speculate on the price of these two incredible assets with a Deriv MT5 account. It offers a list of technical indicators that can be employed to analyse prices. Log in now to take advantage of the indicators, or sign up for a free demo account. The demo account comes with virtual funds so you can practise analysing trends risk-free.

Bitcoin hit a historic milestone, with its market cap reaching $1.75 trillion, surpassing silver’s $1.732 trillion and marking its position as the world’s eighth-largest asset. The cryptocurrency surged past $90,000 before easing, buoyed by strong institutional interest and growing demand for spot Bitcoin ETFs. Despite this rally, analysts note potential resistance from overbought conditions, with support around the $75,000 and $71,200 levels.

Crypto regulations and political support

This achievement highlights Bitcoin’s increasing mainstream acceptance, with recent U.S. elections paving the way for pro-crypto regulatory optimism. Reduced election uncertainty, rising institutional inflows, and declining interest rates have all strengthened Bitcoin’s position. Experts like Chris Chung and Lukas Enzersdorfer-Konrad attribute this momentum to high investor confidence, as Bitcoin is now seen as a “safe asset” amidst market volatility.

Bitcoin’s market cap and impact on financial markets

Bitcoin’s surge has reverberated across related assets. The “Bitcoin Industrial Complex,” including stocks like Coinbase and MicroStrategy, saw record trading volumes, reflecting broader market enthusiasm. Bitcoin’s market cap now trails only seven major assets, with gold maintaining a substantial lead. However, analysts believe Bitcoin’s finite supply and increased acceptance could fuel further gains.

BTC technical analysis: Road to 100?

Bitcoin trades close to $90K, with momentum indicators showing overbought levels, hinting at possible near-term resistance. Key support zones stand at $75,000 and $71,200, while resistance at the upper Bollinger band could challenge further gains. Analysts remain optimistic about the path to $100K, with six-figure targets anticipated by 2025 as ETF demand rises.

Read the full article here: https://www.finextra.com/blogposting/27194/bitcoin-surpasses-silver-in-market-cap-will-it-hit-100k