Crypto News Today: Latest Pi Network News, Bitcoin and More

What’s Driving the Crypto Market Today: Latest Crypto Trends

Bitcoin Soars as Gold Hits Record High —Will BTC Break Its ATH in February?

Both Bitcoin and gold are surging this week in the wake of the United States Federal Reserve meeting and its interest rate holds at 4.25%-4.5%. In the past days, gold reached an all-time high of $2,859 an ounce with Bitcoin moving closer to $109,000-mark. Analysts predict that BTC may cross $125,000 thanks to the bullish Inverse Head & Shoulders pattern with even room to breach $130,000 in 2025 as institutional adoption and market bullishness push prices higher. 

Is BlackRock the Next to Launch an XRP ETF?

Grayscale's recent filing with the NYSE to create an XRP ETF has set the crypto world into speculation as many people wonder whether BlackRock will follow suit. FOX journalist Eleanor Terrett's cue implies even more filings are looming on the horizon. Grayscale filed a 19b-4 form to transform the XRP Trust into an ETF, which would, if allowed, be traded over the NYSE. The XRP Trust, created after the case Ripple v. SEC, holds assets worth $16 million. 

Investor Earns $35K Betting on FOMC Meeting Outcome

A seasoned trader earned $35,000 in profits from a hefty $1.86M wager on the Federal Open Market Committee meeting results. The US Federal Reserve decided to leave interest rates unchanged between 4.25% and 4.50%, conforming to the expectations of the experts. Jerome Powell noted solid economic fundamentals, but inflation remains over 2%. The investor's gamble turned out well as they correctly foresaw no interest rate cut: otherwise, they would have taken a nasty $1.86M blow

Pi Network Delays Again : What’s Really Up?

Once again, Pi Network has postponed the launch of its mainnet KYC and migration date to February 28, 2025. While the core team claims equality, the crypto community is split. Some think the project is building a very bright decentralized ecosystem while others fear it is just another crypto scam locking users away with endless delays. With millions of miners eagerly waiting to get their hands on tradable Pi Coins, the wait continues along with the speculation. 

Elon Musk’s $200M Memecoin Venture: Musk It Takes the Spotlight!

With his project, Musk It (MUSKIT), Elon Musk's dad is delving into the world of memecoins. Aiming to raise $200 million, the proceeds will be directed towards the Musk Institute, a for-profit think tank. Launched rather quietly in December 2024, Musk It has reportedly already lost one half of its value. This venture happens to be in the midst of a celebrity-fueled surge in tokens after the launch of both TRUMP and MELANIA from Trump.