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🌙 Crypto Market Rallies as CPI Report Fuels Investor Optimism

Improved U.S. inflation figures have bolstered confidence in digital assets, with Bitcoin and Ethereum leading a broad market rally.

Author

Mike Gavela
January 15, 2025

Crypto Roundup - January 15

The crypto markets have experienced a significant rally fueled by optimistic investor sentiment following favorable U.S. inflation data, which showed inflation hitting a three-year low. This positive economic indicator has led to renewed confidence in the cryptocurrency space. In a separate development, HashKey has projected that Bitcoin could surge to $300,000 this year, adding to the bullish outlook. Additionally, Bitfinex's native token, LEO, saw a surge after a U.S. court ordered the return of $120,000 worth of stolen Bitcoin to the exchange, highlighting ongoing legal and regulatory developments within the crypto sector​

Top Stories

  • Crypto markets rally: Recent U.S. inflation data showing a dip to a three-year low has spurred a significant rally in cryptocurrency markets.

  • Bitcoin's potential rise: HashKey predicts that Bitcoin's value could escalate to $300,000 within the year, underlining strong market optimism.

  • Bitfinex's token LEO surges: Following a U.S. court decision favoring Bitfinex, the exchange's token LEO has seen an increase in value after the return of stolen Bitcoin.

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TOP STORIES

Crypto Market Rallies as CPI Report Fuels Investor Optimism - "The Defiant"

Improved U.S. inflation figures have bolstered confidence in digital assets, with Bitcoin and Ethereum leading a broad market rally.

thedefiant.io/news/markets/crypto-market-rallies-as-cpi-report-fuels-investor-optimism

HashKey Forecasts Bitcoin Surging to $300,000 This Year - "The Defiant"

HashKey’s 2025 outlook anticipates significant market growth driven by decentralized exchanges, AI integration, and global regulatory alignment.

thedefiant.io/news/markets/hashkey-forecasts-bitcoin-surging-to-usd300-000-this-year

Bitfinex’s LEO Surges After US Court Order To Return 120,000 of Stolen Bitcoin To Exchange - "The Defiant"

Bitfinex-backed LEO token surged to an all-time high following a U.S. court ruling that the 120,000 Bitcoin stolen in the 2016 Bitfinex hack be returned to the crypto exchange through “in-kind restitution,” according to court documents shared by DB News.

thedefiant.io/news/cefi/bitfinex-s-leo-surges-after-us-court-order-to-return-120-000-of-stolen-bitcoin-to-exchange

FUNDRAISING

Reown completes $13 million Series B financing, led by USV and 1kx

BlockBeats news, on January 15, the Web3 communication protocol Reown (formerly WalletConnect) announced the completion of a $13 million Series B financing round. This round was led by Union Square Ve

www.binance.com/en/square/post/18959863122385

OTHER HEADLINES

Oklahoma Becomes Latest State to Consider Bitcoin Reserve Bill - Decrypt

The bill’s Republican sponsor said that Oklahoma's Bitcoin initiative follows President-elect Donald Trump’s “vision for digital assets.”

decrypt.co/301203/oklahoma-latest-state-consider-bitcoin-reserve-bill

Solana DeFi Exchange Jupiter Launches Rewards Checker Ahead of $575 Million Airdrop - Decrypt

Users of Solana decentralized exchange Jupiter can check to see if they're eligible for a share of the next "Jupuary" airdrop.

decrypt.co/301126/solana-defi-exchange-jupiter-airdrop-checker

Crypto Exchange BitMEX Hit With $100 Million Fine for US Money-Laundering Violations - Decrypt

BitMEX was ordered to pay a $100 million fine Wednesday following a years-long legal battle over money-laundering violations in the U.S.

decrypt.co/301179/bitmex-100-million-fine-money-laundering

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