Posts

IRS Commissioner Danny Werfel Resigns

IRS Commissioner Danny Werfel says he plans to resign with nearly three years left in his term on Donald Trump’s Inauguration Day next week. Trump last month announced his plan to replace Werfel with Billy Long, a former Republican congressman. However, in a move that seems to avoid that confrontation, Biden-elect Werfel will step down himself. JUST IN: IRS Commissioner Danny Werfel resigns. — Watcher.Guru (@WatcherGuru) January 17, 2025 Wefel was selected for the commissioner position at the IRS by President Biden in March 2023. Biden picked Werfel to implement the agency’s $80 billion expansion and transformation. However, with Trump set to take office, that project remains incomplete and is now in the hands of a new Republican administration. “I had to recognize that the incoming team wanted to go in a new direction,” Werfel said in a WSJ interview. He added that he worried about the complications of remaining in office while the Senate considers Trump-choice Billy Long’...

XRP Breaks 7-Year Record as Ripple Overcomes Trump's Distractions!

Image
XRP has hit some seriously massive milestones. The digital currency broke its 7-year price record amid numerous tough legal battles. Ripple’s cryptocurrency is catching some serious attention in multiple market sectors. A few analysts are watching its strong performance with quite a bit of interest. Its resilience is turning heads across various financial landscapes. Source: Binance Also Read: Trump’s Treasury Nominee Rejects Digital Dollar: What It Means for Crypto Ripple’s XRP Soars: Overcoming Challenges, Breaking Records Source: VOI Political Rumors and Market Dynamics Around 2,365 significant XRP transactions occurred in just a single day. A few market analysts speculate about XRP potentially becoming part of a potential national digital asset plan. Ripple continues to navigate its ongoing legal battle with some challenging SEC regulations. Stuart Alderoty, Ripple’s top lawyer, quickly shot down a couple of political rumors. “These are completely false,...

Crypto Trader Says Under-the-Radar Altcoin on Cusp of New Leg Upwards, Updates Outlook on Bitcoin and Ethereum

Image
A widely followed crypto analyst says one under-the-radar altcoin is about to break out while updating his outlook on the top two digital assets by market cap. In a new strategy session, crypto trader Michaël van de Poppe tells his 763,900 followers on the social media platform X that Clearpool Protocol (CPOOL), a decentralized marketplace where institutions can obtain loans, is on the cusp of a new upward trend. “What a bounce on CPOOL. 70% from the lows. I think it’s in for a new leg upwards. They’ve been classified as ‘most innovative real-world asset (RWA) [protocol]’ in CoinMarketCap’s 2024-2025 Yearbook too and I’m expecting RWA to be a big pillar in the coming years. ” Source: Michaël van de Poppe/X The trader’s chart appears to show CPOOL shooting near the $0.40 price tag sometime in May. Earlier this morning, the asset was trading for $0.342. However, at time of writing, it is valued at $0.427, a 15.8...

Donald Trump Eyes Strategic Reserve for Coins Like Solana, XRP

Image
With a flurry of pro-crypto policies expected under the new administration, the US President-elect has wasted no time making good on his promise to completely overhaul the industry’s regulation in the country. Now, he may be looking to take things a step further. Indeed, Donald Trump is reportedly open to creating an America-first strategic reserve for cryptocurrencies like Solana (SOL) and XRP, according to a report from the New York Post. The incoming inauguration of President Trump is set to end what was four years of challenges for the cryptocurrency market. Under the Biden Administration, the US Securities and Exchange Commission (SEC) had regulated through enforcement. Now, the market is anxiously awaiting the monumental shift Trump should bring about. JUST IN: President-elect Donald Trump is open to creating an America-first strategic reserve that prioritizes cryptocurrencies such as Solana $SOL and $XRP. — Watcher.Guru (@WatcherGuru) January 16, 2025 Also Read: Donald Tru...

Bitcoin Hits $99,000: New ATH Before Donald Trump Takes Oath?

Image
The cryptocurrency market seems to be recovering from its recent dip. Bitcoin (BTC), the leading crypto asset, has reclaimed the $99,000 mark after its recent descent to sub-$92,000 levels. The global crypto market cap has also climbed 1.5% in the last 24 hours to $3.64 trillion. Also Read: AMD Stock Target Falls, Is AMD Out of the AI Race in 2025? Bitcoin’s Price Movements Source: Watcher Guru BTC has risen 2.4% in the daily charts, 5.3% in the weekly charts, 4.1% in the 14-day charts, and 132.5% since January 2024. Despite the rally, the asset is down 6.7% over the previous month. Source: CoinGecko Why Is The Asset Rallying? Source: Watcher Guru BTC’s latest rally could be due to rising investor sentiment. Investors may be betting on a market-wide rally after US President-elect Donald Trump assumes office. Trump will be inaugurated into office on Jan. 20, 2025. Also Read: Stellar (XLM) Cryptocurrency Breaks Out: 30% Surge Incoming? Bitcoin (BTC) fell below $92,000 earlier ...

Bitcoin Price Prediction: With CPI Data Set To Influence BTC, Experts Say Consider This Crypto Wallet ICO Flagging Red Hot Tokens

Image
The Bitcoin price rose 1.8% in the last 24 hours to trade at $97,527 as of 02:42 a.m. EST on trading volume that plunged 35% to $48.3 billion. This slight uptick in the BTC price comes as attention turns to the upcoming US inflation data, likely influencing the inflation trajectory and Fed rate cuts. Yesterday, the PPI data rose 3.3%, below economists’ expectations of a 3.5% increase. Meanwhile, CPI is expected to show inflation ticking higher to 2.9%, further from the Fed’s 2% target. Hot inflation would dampen Fed rate-cut expectations, which could result in the Bitcoin price coming under pressure again. Bitcoin Price Showing Signs Of A Bullish Rally The BTC price Analysis on the daily chart shows an uptrend with clear consolidation near the $97,000 level.  Price action has recently retreated from the $100,000 psychological resistance, forming a rectangular consolidation pattern, according to GeckoTerminal data . This indicates indecision in the market, with bu...

What Is Anti De-Dollarization: Support For US Dollar Grows In 2025

Image
The decade-long de-dollarization drives have always been a key highlight of the global political demographics. With BRICS and ASEAN fueling the aforementioned narrative, the world has often noted de-dollarization outcries, with the US dollar struggling to hit a new high. The momentum has now changed. With Trump ascending to the US political throne, the US dollar is now stronger than ever, crushing competitor currencies unlike anything else, giving rise to a new phenomenon dubbed anti-de: dollarization. Also Read: Dogecoin: 3 Ways Elon Musk Could Influence Doge’s Price Post Jan 20 Anti De-dollarization: A New Wave Emerges Source: Watcher Guru So far, we’ve often noted global outcries compelling nations to ditch the US dollar. The US dollar has been touted as a great tool of “weaponization,” capable of disorienting regimes by slapping new sanctions on a myriad of nations. This development has toppled the US dollar to new lows, with nations contemplating alternate plans to seek refug...

Fartcoin Defies Market Trends with 46% Surge as WEPE Presale Fuels Investors’ FOMO

Image
While many meme coins are in the red, Fartcoin has surged by 46% in a single day, showcasing impressive growth. Currently ranked number 87 on CoinMarketCap, its market cap has reached $1.1 billion, despite broader market declines. Although the coin experienced a 10% decline over the past week, its remarkable daily surge signals a strong recovery and bullish momentum. This rapid rise has positioned Fartcoin as one of the most talked-about meme coins, particularly attracting investors seeking new opportunities in the emerging AI meme coin sector. Fartcoin (FARTCOIN) price analysis and price prediction While experiencing a recent dip, Fartcoin has staged a remarkable recovery, rewarding early investors with substantial profits. However, anticipation of potential profit-taking looms, which could drive the price down towards the $1 mark. Fartcoin has shown a strong recovery within the past 24 hours, reflecting a 20% increase in price, which has sparked optimism among investors. The co...

Shiba Inu: You Could Have Made $1 Billion With $10,000 In SHIB

Image
Shiba Inu (SHIB) made waves during the 2021 bull run. The asset’s price skyrocketed by many million percent. Early investors made millions of dollars in profit with minimal investments. Some investors even made billions. The rags-to-riches stories around SHIB solidified its status as a “millionaire-maker.” Also Read: Top 3 Cryptocurrencies To Buy During The Current Market Dip You Could Have Become A Billionaire With Shiba Inu Source: Watcher Guru SHIB hit an all-time high of $0.00008616 in October 2021. If you invested $10,000 in SHIB on Aug. 2, 2020, and sold it when SHIB was at its peak, you would have made $1.03 billion. Your portfolio’s value would have grown by 10,303,317.8% (10.3 million percent). Source: Changelly Also Read: Bitcoin Bull Pennant: Analyst Predicts $140,000 Target After Breakout If you continued to hold till today, the $10,000 worth of SHIB would have grown to $289.44 million. Your portfolio’s value would have increased by 2,894,306.7%...

JPMorgan CEO Calls Bitcoin a 'Ponzi Scheme' With No Value

Image
In a rather surprising statement from the executive, JPMorgan Chase CEO Jamie Dimon recently called Bitcoin a “Ponzi scheme,” while sharing his belief that the asset has “no intrinsic value” in a CBS interview. Indeed, Dimon’s recent statements came as BTC has fallen below $90,000 in a rather surprising drop. Dimon has long been a critic of the value of Bitcoin specifically. Although he has also reassured his belief in cryptocurrencies as a concept, he has not shared the same faith in BTC, calling the project nothing more than a “pet rock.” JUST IN: JPMorgan Chase CEO Jamie Dimon says Bitcoin is "a Ponzi scheme" that "has no intrinsic value." — Watcher.Guru (@WatcherGuru) January 13, 2025 Also Read: JPMorgan CEO Warns of US Economic Crisis as BRICS Power Grows JPMorgan CEO Blasts Bitcoin, Calls BTC a “Ponzi Scheme” It has certainly been a monumental twelve months for the cryptocurrency market. Not only has the asset class thrived, bu...

XRP on Edge: SEC Appeal Looms as Ripple Countdown Hits Critical Stage

Image
What appears to be happening is that the XRP SEC appeal is entering a phase that could be described as critical, with what seems to be a January 15 deadline. Looking at cryptocurrency market volatility, one can observe XRP trading somewhere around $2.50, which came after what traders are calling a 10.09% rally. Ripple’s lawsuit updates keep showing how regulatory uncertainty in crypto affects trading patterns. Source: Binance Also Read: Bitcoin Bull Pennant: Analyst Predicts $140,000 Target After Breakout Regulatory Uncertainty and XRP: What the SEC Case Means for Crypto Investors Source: Watcher Guru SEC’s Deadline and Leadership Transition What’s happening now is that the SEC has to submit what could be called its appeal brief by Wednesday. They appear to be challenging what was Judge Torres’ July 2023 ruling about XRP’s programmatic sales. It seems that this particular ruling was what allowed exchanges to list XRP again. Many people who watch markets say...