What Happened in Crypto Today? Bitcoin vs. Gold Debate—Check Now

Crypto Market News: Catch the Latest Trends on ETH, Pi Network & More

Ethereum Whales Scoop 100,000 ETH—Is a Rally Incoming?

Ethereum whales are using this recent price drop to stack up on over 100,000 ETH; hence, the bullish momentum. This was revealed by Ali Martinez, a crypto analyst, on January 31, that triggered some optimism despite macro economic concerns. 

The FOMC is not raising interest rates next week, and the same with upcoming U.S. PCE inflation data. Investors will surely be looking forward to gains. The whale activity intensifies, which indicates strong belief in the long-term worth of ETH and strengthens bullish sentiment as buying pressure builds in the market. Is a rally soon?

Gold Hits Record High—Will Bitcoin Follow Suit?

The price of gold soared to its new all-time high at $2,859 per ounce, with an 8.5% monthly gain thanks to a weak dollar, fuelling demand from investors. With a market cap of $2.06T, Bitcoin is now drawing attention as the next likely breakout asset. 

BTC soared to $109,114.88 in the past, leading enthusiasts to speculate whether it will replicate gold's rally. As February progresses, the focus remains on what Bitcoin's next move will be-will it exceed expectations and rewrite the record books?

Litecoin ETF Gains Momentum : SEC Advances Canary Capital’s Proposal

On October 25, Canary Capital's Litecoin spot ETF proposal was officially approved by the SEC-a landmark move toward possible approval in 2025. After submitting the application on January 16, the proposal now enters a 240-day review process, during which public input will be solicited. Curiously, some investors take that to mean Litecoin is the next major crypto asset to secure an ETF based in the U.S. 

Pi Network Mainnet Delayed Again : Progress or Prolonged Scam?

The launch of the Pi Network mainnet encounters yet another delay as the KYC and migration period are extended until February 28, 2025, by the Core Team. While some believe that the Pi Network is developing its solid decentralized ecosystem, others suspect it is a Ponzi scheme that will never end. Despite millions of people mining Pi Coin, the system remains closed for any trading activity. 

After years of waiting, speculation grows; Will Pi Network come through or does it remain just another crypto mirage locking users in? 

Shiba Inu Burn Soars 7200% – Is a SHIB Breakout Coming?

In the past 24 hours an estimated 1 billion SHIB tokens were burned with a remarkable burn rate of 7200%. The confidence has burgeoned due to a large supply reduction, and this only heightens speculation for SHIB breakout. 

On-chain indicators show broad market support as traders begin to prepare for the upcoming U.S. inflation data, affecting volatility. SHIB's penchant for capitalizing continued speculation of whether the surge is about to create a price spike in the coming weeks.