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Cryptocurrencies Price Prediction: Bitcoin, Celsius and Luna Classic – European Wrap 17 January

Cryptocurrencies Price Prediction: Bitcoin, Celsius and Luna Classic – European Wrap 17 January
FXStreet TeamFXStreet TeamFXStreet

Five signs that hint this Bitcoin bear market rally could end soon

The 30-day MVRV has hit levels last seen when BTC hit $66,000 in October 2021, indicating that a large number of investors are in profit.

BTC/USDT 3-day chart

Celsius Network ponzi scheme contagion spread to Tether’s parent company, USDT drops below $1 peg

Celsius Network, a bankrupt crypto lender accused of running “ponzi schemes” received funds from iFinex Inc., the firm that owns and operates cryptocurrency exchange Bitfinex and stablecoin Tether (USDT). The filing lists iFinex -  registered in the British Virgin Islands - as a creditor of a Celsius Network shell company. 

Celsius Network bankruptcy filing

Luna Classic could yield massive gains for holders, if Terra community does this

An independent Terra development community, TerraCVita has raised $2 million to fund new DeFi projects on its ecosystem. Terra, which has suffered contagion after the collapse of crypto broker FTX, could see a recovery in its native token Luna Classic’s price as a result of the new cash injection in DeFi projects in the ecosystem.

LUNC/USDT price chart

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Ripple pulls back despite strong ETF inflows

Ripple pulls back despite strong ETF inflows

Ripple (XRP) is correcting on Monday, trading around $1.48, a 13% drop from last week’s peak of $1.70. The remittance token surged about 72% from $1.00 last week, in line with the broader crypto market’s bullish outlook.

Crypto Today: Bitcoin, Ethereum and XRP pull back as rally cools

Crypto Today: Bitcoin, Ethereum and XRP pull back as rally cools

The cryptocurrency market is broadly correcting on Monday as investors shift focus to profit-taking after last week’s rally. Bitcoin (BTC) is edging lower amid capped upside below $80,000, with immediate support at $77,000.

Bitcoin stalls as profit-taking starts 

Bitcoin stalls as profit-taking starts 

Bitcoin stalls near $77,000 on Monday after surging over 23% last week, marking its strongest weekly gain since mid-March 2023. US-listed spot ETFs recorded $1.92 billion in weekly inflows, their highest weekly inflow so far this year and the largest since October 2025.

Solana eyes $100 breakout amid governance voting, renewed ETF inflows

Solana eyes $100 breakout amid governance voting, renewed ETF inflows

Solana (SOL) edges lower to $94 on Monday, following a 27% rebound last week to a two-month high. SOL-focused Exchange Traded Funds (ETFs) recorded four consecutive days of inflows last week, totaling $28.34 million, suggesting renewed institutional buying.

Bitcoin: The US Treasury saves BTC

Bitcoin: The US Treasury saves BTC

Bitcoin extends gains, trading above $77,000 on Friday after rallying over 20% and reaching its highest level since mid-May. Crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations, posting their 7th-largest liquidation event in history.