Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Bitcoin Surges Past $90K: Bitcoin has reached a new all-time high, surpassing $90,000 after a 30% post-election surge fueled by Donald Trump’s victory. Other crypto assets, like Solana, have also gained, with Coinbase up 75%.

2. $26M Lost in Copy-Paste Error: A trader named "qklpjeth" accidentally lost $26 million by transferring 7,912 ETH to the wrong contract address due to a copy-paste error.

3. 📈Technical Analysis Masterclass - XRP has recently seemed quiet, but its price action hints that an upward trend may be forming. Watch UseTheBitcoin’s latest Youtube video “Long Term Price Prediction For XRP!” to see if there’s a potential breakout for XRP or join our Official Telegram Channel for more alpha!

4. Trump’s Treasury Pick: Scott Bessent, a potential Treasury Secretary candidate under Donald Trump’s new administration, is known for his positive stance on crypto.

5. 💡Feature of the Day - Bitwise's Aptos Staking ETP: Bitwise has launched Europe’s first Aptos staking ETP, listed on the Swiss SIX Exchange.

   
   All this and more in today’s headlines!

📰 News Highlights:

Bitcoin Surges Past $90K [Source][Source][Source][Source]

Bitcoin has reached a historic high, breaking the $90,000 mark amid a wave of post-election optimism following Donald Trump’s victory.

Since Election Day, Bitcoin has soared by 30%, with predictions that it may soon hit six figures.

This price rally extends to other parts of the market, with crypto exchanges like Coinbase up 75% and altcoins like Solana seeing a 35% boost.

Analysts are watching closely to see if Bitcoin can break the $100,000 threshold in the coming days.

$26M Lost in Copy-Paste Error [Source][Source]

A trader recently lost a staggering $26 million due to a simple copy-paste error, highlighting an ongoing issue with crypto’s user experience.

Known as qklpjeth, the trader mistakenly transferred 7,912 Ethereum tokens to the wrong contract address, locking the funds irretrievably.

After exhausting all traditional recovery methods, qklpjeth is now offering a $2.5 million reward to white-hat hackers in hopes of regaining access.

 📈Technical Analysis Masterclass:

Long Term Price Prediction For XRP!

Key Technical Patterns

• “W Pattern” Formation: On the weekly chart, XRP shows a bullish “W pattern,” often a precursor to long-term upward movement.

• Key Resistance Breaks: Recent surges through resistance levels, partly in response to Bitcoin’s rise, also support a bullish outlook.

Moving Averages Indicate Bullish Potential

• Above Key MAs: XRP currently trades above its 100-day and 200-day moving averages on the weekly chart. This positioning often signals trend reversals, and maintaining these levels could make XRP’s target of $3 more achievable.

Room for Growth Without Overbought Conditions

• Positive Momentum: XRP is trading above the median line, showing steady positive momentum.

• RSI Status: It hasn’t yet entered overbought territory on the RSI, allowing room for further gains without risk of immediate pullback.

MACD Shows Momentum Shift

• MACD Indicator: The MACD histogram shows positive green bars, signaling an upward shift in momentum. This increase in momentum could lead to sustained price growth if it continues.

Potential Boost from Alt Season

• Alt Season Factor: If an altcoin season occurs, XRP could see significant price increases as funds move from Bitcoin into altcoins. Historically, such seasons have pushed altcoins to new highs, which would support XRP’s target of $3.

Risks and Considerations

• Market Risks: Global financial conditions and crypto market volatility remain potential obstacles.

• Stop-Loss Suggestion: To manage risk, consider setting a stop-loss in the $0.42 to $0.49 range as a safeguard.

Trump’s Treasury Pick [Source][Source]

Scott Bessent, a key candidate for Treasury Secretary in Donald Trump’s incoming administration, is known for his positive stance on crypto, sparking excitement among digital asset enthusiasts.

Bessent, a billionaire investor, recently spoke about Bitcoin’s power to attract young people to financial markets and emphasized crypto’s alignment with Republican values of freedom and market innovation.

Trump has committed to making the U.S. a “crypto capital,” and with Bessent’s support, the administration may advance crypto-friendly policies.

💡 Feature of the Day: 

Bitwise's Aptos Staking ETP [Source][Source]

Asset manager Bitwise has launched Europe’s first Aptos staking ETP, allowing investors to earn returns from staked tokens on the Aptos network.

Listed on Switzerland’s SIX Exchange, the ETP provides a yield of around 4.7% and is open to both retail and institutional investors.

Aptos, a high-speed blockchain used by giants like Amazon and Microsoft, has grown rapidly, supporting over 8 million monthly users.

With this move, Bitwise strengthens its European staking product lineup, reflecting a shift in institutional appetite for staking opportunities outside the U.S.

Today’s Sponsor:

This week we have partnered with Gemini.

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😂 Crypto Meme of the Day: 

Meme of the day provided by @TheBTCTherapist

And that’s it for this today.

Buy, sell, store, and convert crypto with today’s sponsor Gemini, full-reserve and highly-regulated cryptocurrency exchange and custodian!

See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com