Has Bitcoin Reached Its Lowest Point?

The question of whether Bitcoin has reached its lowest point before the inauguration of the new U.S. President on January 20 is currently a hot topic. Bitcoin's price recently dropped to as low as $89,000, touching a previously mapped-out order block area. This decline was followed by a significant recovery, with the price rising to between $97,000 and $98,000.

Renowned crypto analyst, Tommy Lee, believes that buying Bitcoin within this price range still presents an attractive investment opportunity. "Bitcoin is a long-term investment. I think buying at $90,000 is a good move," Lee stated. However, he also cautioned that there is a potential for further decline to $70,000, although this possibility is considered low.

Sui Altcoin Attracting Big Investor Interest

The altcoin Sui is attracting significant attention after Eric Trump, the son of former U.S. President Donald Trump, revealed his holdings in the coin. The trading volume of the Sui DEX has seen a significant increase after surpassing Avalanche, while Grayscale has also increased its holdings in Sui by 7.93 percent in their layer-1 portfolio. Whales are also reported to be accumulating Sui in large quantities.

Crypto analyst Mag compared Sui's performance to Solana in the previous cycle and predicted that the price of Sui could peak around $43. Additionally, Walrus Protocol, supported by the Sui team, has introduced a decentralized data storage solution, making it more reliable despite having limited nodes.

Major Deal in the Middle East

In the Middle East, the blockchain platform Mantra has signed a $1 billion deal with Deach Group to tokenize real estate assets, data centers, and hospitality. This move provides more transparent access to investments in assets that were previously only available to a select few.

"Tokenizing assets opens liquidity for investments that were previously illiquid," said Lark Davis, a renowned crypto analyst.

XRP Surge and ETF Predictions

XRP saw a 12 percent price surge in a single day, driven by aggressive accumulation from whales and speculation regarding the potential launch of an ETF in the U.S. Bloomberg analyst Eric Balchunas reported that JP Morgan predicts a Solana ETF could attract up to $36 billion in funds, while an XRP ETF is expected to raise $8 billion in one year.

The inauguration of the new U.S. President is also believed to be a key factor, with plans to appoint SEC regulators who are more supportive of the crypto industry. "The launch of ETFs for altcoins is very likely with a more crypto-friendly administration," said Balchunas.

Chainlink and Technological Updates

Chainlink is also drawing attention with whale activity, purchasing over 1.35 million LINK tokens in the past 24 hours. The launch of the Cross-Chain Interoperability Protocol (CCIP), which enables cross-network token integration across more than 20 blockchains, is a major attraction for investors.

With developments such as ETF launches, whale activity, and technological innovations in major altcoins, the crypto market shows promising potential at the start of this year. Investors are now looking forward to significant moves following the U.S. Presidential inauguration, which is expected to bring regulations more supportive of the crypto industry.