Crypto’s next phase may hinge on resisting short-term trading pivots and 
fixing regulatory fog, as a16z leaders warn that durable products and clear 
U.S. rules will decide which blockchain businesses survive and scale. Trading 
Dominates Crypto Today — But the Smart Money Is Positioning for What’s Next A 
forward-looking debate has emerged around crypto business […]

Crypto’s Trading Boom Is Just the On-Ramp — The Real Winners Are Still Being Built

The approval of Bitwise&#8217;s Chainlink ETF on NYSE Arca may enhance mainstream 
crypto adoption by simplifying access to Chainlink investments.
The post Bitwise Chainlink ETF approved to list on NYSE Arca, trading set for 
tomorrow appeared first on Crypto Briefing.

Bitwise Chainlink ETF approved to list on NYSE Arca, trading set for tomorrow

XRP price started a recovery wave above $2.10. The price is now showing a few 
positive signs but might struggle to clear the $2.220 resistance. XRP price 
started a recovery wave above the $2.10 zone. The price is now trading below 
$2.120 and the 100-hourly Simple Moving Average. There was a break above a 
bearish trend line with resistance at $2.080 on the hourly chart of the 
XRP/USD pair (data source from Kraken). The pair could continue to move up if 
it settles above $2.220. XRP Price Eyes Steady Increase XRP price remained 
supported above $2.020 and started a recovery wave, like Bitcoin and Ethereum. 
The price was able to climb above $2.080 and $2.10 to enter a short-term 
positive zone. There was also a move above the 23.6% Fib retracement level of 
the downward move from the $2.416 swing high to the $2.034 low. Besides, there 
was a break above a bearish trend line with resistance at $2.080 on the hourly 
chart of the XRP/USD pair. The price is now trading above $2.120 and the 
100-hourly Simple Moving Average. If there is a fresh upward move, the price 
might face resistance near the $2.220 level. It coincides with the 50% Fib 
retracement level of the downward move from the $2.416 swing high to the 
$2.034 low. The first major resistance is near the $2.250 level. A close above 
$2.250 could send the price to $2.320. The next hurdle sits at $2.350. A clear 
move above the $2.350 resistance might send the price toward the $2.40 
resistance. Any more gains might send the price toward the $2.420 resistance. 
The next major hurdle for the bulls might be near $2.450. Another Drop? If XRP 
fails to clear the $2.220 resistance zone, it could start a fresh decline. 
Initial support on the downside is near the $2.120 level. The next major 
support is near the $2.10 level. If there is a downside break and a close 
below the $2.10 level, the price might continue to decline toward $2.050. The 
next major support sits near the $2.020 zone, below which the price could 
continue lower toward $2.00. Technical Indicators Hourly MACD – The MACD for 
XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength 
Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – 
$2.10 and $2.050. Major Resistance Levels – $2.220 and $2.250.

XRP Price Finds Its Footing at Support, Bulls Test Their Strength

The Senate Agriculture Committee plans to publish its crypto market structure 
bill on Jan. 21 and hold a markup hearing on Jan. 27.

US Senate Agriculture Committee sets Jan 27 for CLARITY Act markup

Bitcoin has been locked in a tight consolidation range since late November, 
frustrating traders and fueling growing speculation about a major move ahead. 
Volatility has compressed, price has stabilized near key psychological levels, 
and market participants are increasingly divided on what comes next. Some 
analysts argue that this prolonged consolidation is laying the groundwork for 
a renewed upside recovery, while a broader consensus warns that Bitcoin could 
still face another leg lower before a sustainable trend emerges. Related 
Reading: XRP Consolidates Above $2 As Volume Z-Score Signals A Quiet Market 
Adding to this uncertainty, top analyst Darkfost points to an important and 
potentially concerning on-chain development: the first signs of long-term 
holder (LTH) capitulation are beginning to surface. The last time Bitcoin 
traded at similar price levels was in April 2025, roughly nine months ago. 
Since then, a large portion of market participants accumulated BTC at higher 
prices and have continued to hold through the recent correction. Today, many 
of those investors are sitting on unrealized losses. As a reminder, Bitcoin 
held for more than six months is classified as long-term holder supply, 
typically associated with higher conviction and lower sensitivity to short- 
term price moves. When this cohort begins to show signs of stress, it often 
marks a critical phase in the market cycle. Whether this emerging LTH pressure 
becomes a brief shakeout or evolves into broader capitulation could play a 
decisive role in shaping Bitcoin’s next major move. Early Signs of Long-Term 
Holder Capitulation Emerge What we are currently observing on the Long-Term 
Holder SOPR (Spent Output Profit Ratio) is a behavior that typically appears 
during bear market phases. LTH SOPR measures whether coins held for more than 
six months are being sold at a profit or a loss, offering insight into 
conviction among the most resilient cohort of Bitcoin investors. In recent 
days, LTH SOPR briefly dipped below the critical 1.0 level. This signals that 
some long-term holders—most likely the younger segment of this group—have 
begun to capitulate by selling at a loss. Historically, such moves reflect 
rising stress among holders who bought closer to cycle highs and are now 
facing prolonged drawdowns. For now, however, this behavior remains limited. 
The 30-day moving average of LTH SOPR still stands at a healthy 1.18, meaning 
long-term holders have realized an average profit of 18% over the past month. 
While this confirms that broad-based capitulation has not yet materialized, it 
is worth noting that this level is well below the annual average near 2.0, 
indicating a clear slowdown in realized profits. A deeper deterioration would 
be bearish in the short term, signaling expanding sell pressure. Conversely, 
declining realized profits may also suggest that traders are gradually 
exhausting selling pressure. For a bullish continuation to develop, LTH SOPR 
would need to stabilize and begin trending higher again, confirming renewed 
confidence among long-term holders. Related Reading: Trump-Powell Conflict 
Fuels Volatility While Retail Sells Bitcoin At A Loss – Details Bitcoin Price 
Consolidates Below Key Resistance Bitcoin continues to trade within a well- 
defined consolidation range after the sharp correction from the October highs. 
On the weekly chart, price is holding just below the $92,000–$94,000 
resistance zone, an area that previously acted as support before the 
breakdown. This level now represents a key inflection point for market 
structure. Despite the recent volatility, Bitcoin remains above its rising 
200-day moving average, which continues to slope upward near the mid-$80,000 
region. This suggests that the broader trend remains constructive, even as 
short-term momentum has weakened. The 100-day moving average has flattened, 
reflecting a loss of upside momentum, while the 50-day average is still 
attempting to stabilize after rolling over during the sell-off. Related 
Reading: Ethereum Long-Term Cost Basis Holds Firm: Structural Floor Forms Near 
$2.8K Price action over the past several weeks shows a series of higher lows, 
indicating that buyers are gradually stepping in and absorbing selling 
pressure. However, volume has declined during this consolidation, signaling a 
lack of strong conviction from either side of the market. This behavior is 
typical of compression phases that often precede larger directional moves. A 
sustained break and weekly close above $94,000 would signal renewed strength 
and open the door for a move toward the $100,000–$105,000 range. Conversely, 
failure to hold above the $86,000–$88,000 support zone would increase downside 
risk and shift focus toward deeper retracements. For now, Bitcoin remains in 
balance, building tension for its next decisive move. Featured image from 
ChatGPT, chart from TradingView.com

Cryptocurrency price in VND