EOS, IOTA, and Hedera Surge as Bitcoin Hits Resistance at $97k

EOS, IOTA, Hedera Prices Lead as Bitcoin Stalls at $97k

The cryptocurrency market saw significant movements with EOS, IOTA, and Hedera Hashgraph leading the charge while Bitcoin faced resistance at $97,000. According to crypto.news, EOS surged over 36% from its December low due to Binance's announcement of an APR boost airdrop through their BNSOL Super Stake program. This initiative is set to distribute rewards amounting to nearly $300,000 in value.

Hedera Hashgraph also experienced a notable increase of more than 10%, fueled by speculation surrounding a potential HBAR ETF approval by the SEC. Meanwhile, IOTA formed a bullish pattern known as "three white crows," indicating positive momentum ahead of its Rebased upgrade which promises enhanced features like staking and full decentralization.

Cryptocurrencies Price Prediction: Bitcoin & Cardano Insights

FXStreet reports that despite recent fluctuations around the $96,500 mark for Bitcoin after recovering over 2.5% this week, on-chain metrics suggest continued bullish trends rather than reaching cycle peaks. In contrast, Cardano’s ADA token has seen impressive gains above $1 amidst rangebound trading conditions affecting major cryptocurrencies.

This analysis highlights how broader market dynamics are influenced by individual asset performances within the crypto space and suggests ongoing investor interest driven by both technical indicators and external economic factors impacting digital currencies globally.

Nations States Turn To Bitcoin As A Strategic Reserve Asset

A report from Forbes reveals that governments worldwide are increasingly considering Bitcoin not just as an investment but as part of the national reserves strategy akin to gold or USD holdings. Under President-elect Donald Trump’s administration, in particular, there have been discussions about establishing U.S.-backed Bitcoin reserves aimed at enhancing economic stability amid inflation concerns related primarily to fiat currency devaluation risks posed domestically alongside international geopolitical shifts occurring concurrently elsewhere, such as Switzerland contemplating similar moves potentially setting precedents others might follow suit thereafter.

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