According to RWA.XYZ, BlackRock&#8217;s US dollar Institutional Digital Liquidity 
Fund has roughly $549 million in assets under management.

Securitize proposes BlackRock BUIDL fund as collateral for Frax USD

Cardano&#8217;s Hydra boosts ADA past $1, positioning it as a scalable dApp hub and 
a potential challenger to Ethereum&#8217;s dominance. #partnercontent

The introduction of Hydra could see Cardano surpass Ethereum with 100,000 TPS

Bitcoin’s recovery toward $100,000 could attract buyers to SUI, BGB, ENA, and 
VIRTUAL.

SUI, BGB, ENA and VIRTUAL show strength as Bitcoin looks for direction

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Bitcoin has been on a correction path since it reached a new all-time high of 
$108,135 on December 17. Notably, this correction has seen the leading 
cryptocurrency decline by about 10% up until the time of writing and even 
breaking below $93,000 very quickly. Related Reading: Dogecoin Price Above 
$10: Historical Data Shows How High DOGE Will Go This Bull Cycle This notable 
decline has seen Bitcoin retesting the Bollinger Bands, and technical analysis 
suggests a bounce from here to reach a price target around $178,000. Bitcoin 
Retests Monthly Upper Bollinger Band Bitcoin’s recent price correction has 
caught the eye of crypto analyst Tony Severino, who highlighted a critical 
retest of the monthly upper Bollinger Band. Sharing his insights on social 
media platform X, Severino emphasized the significance of this technical 
indicator, which measures market volatility and potential reversal points. 
According to him, this development mirrors a similar pattern observed in 
January 2024, which eventually led to a substantial rally after a similar 
retest. According to the daily candlestick chart shared by Tony Severino, the 
upper Bollinger Band is currently situated just above $96,000, which is around 
Bitcoin’s current price. This Bollinger Band retest suggests that Bitcoin 
might be entering a new phase of upward momentum after the recent corrections. 
Historical Echoes: January 2024&#8217;s 86% Rally Offers A Blueprint Severino’s 
analysis draws parallels between the current price movement and Bitcoin&#8217;s 
behavior earlier in 2024. He noted that in January 2024, a similar retest of 
the monthly upper Bollinger Band preceded an 86% rally in Bitcoin’s price. At 
that time, Bitcoin was trading near $46,000, following a strong price rally 
that was brought forward from late 2023. However, January saw a brief 
correction, with Bitcoin&#8217;s price dropping to $40,000 to test the upper 
Bollinger Band. This test acted as a launchpad for not only a continued rally 
but also pushed Bitcoin to break its then all-time high and surpass $70,000 in 
March for the first time in its history. If Bitcoin were to replicate this 86% 
rally at this point, it could soar to approximately $178,000, which Severino 
noted is aligning with the upper range of his target zone. In another 
analysis, the analyst predicted that Bitcoin could reach its market top as 
early as January 20, 2025. At the time of writing, Bitcoin is trading $96,402, 
still hovering around the upper Bollinger Band. Interestingly, the leading 
cryptocurrency is currently down by 2.11% and 5.4% in the past 24 hours and 
seven days, respectively. This pullback has led to the realization of over 
$5.72 billion in Bitcoin profits, which has added to the short-term selling 
pressure. The impact of this correction is evident in Bitcoin’s Relative 
Strength Index (RSI), which has fallen sharply from 69 on December 17 to its 
current reading of 45. Related Reading: Ethereum Investment: Trump Crypto 
Project Grabs 722 ETH At $2.5 Million However, there are reasons to believe 
that the selling pressure may be easing. This is because the RSI level of 43 
has acted as a significant support zone for Bitcoin since September. If this 
support holds, it could provide the foundation for Bitcoin&#8217;s move towards 
$178,000. Featured image from ABC News, chart from TradingView

Cryptocurrency price in BRL