Is BTC Heading for a Crash? 😱

...And Musk is World’s Richest Man 💰 Fri. Jan 8, 2021 "You never know you’re in a bubble until it pops." 💭 - Andrew Revkin Market Activity Total Market Cap $1.10T (+5.42%%) 24 Hour Volume $200.2B (+13.7%) Notable Movers Solana [(SOL)]( Bitcoin Dominance 70.4% (+1.57%) Bitcoin Price $41,339.35 (+7.82%) Cointelegraph says that [Bitcoin]( is now worth more than a 20 oz. gold bar — with altcoins and stocks moving higher after BTC rallied to $40,000. CoinDesk notes "there hasn’t been a single year since 2013 when prices have not fallen at least 25% from a high point reached earlier in that year." Decrypt says the Democrats are widely seen as good for BTC. Your Friday News 📰 Learn all about crypto at [Alexandria]( your new online crypto source! [BTC ‘Could Fall 25%’]( 📉 A crypto executive has warned investors that [Bitcoin]( could plunge by as much as 25% if the heat fails to escape the markets. Panxora Group’s Gavin Smith told Reuters that the world’s biggest cryptocurrency "is far from being a magic money tree." Such a crash would result in as much as $10,000 being wiped off from BTC’s price at current levels. [Read more here.]( [Ripple Breaks Silence]( 😬 Brad Garlinghouse has written a Twitter thread in which he calls the SEC’s lawsuit against Ripple "unlawful." The Ripple CEO revealed that the company has tried to reach a settlement with the commission to no avail — and attacked the "regulatory chaos" in the U.S. He also warned [XRP]( supporters that the legal process can be slow. [Read more here.]( [Musk: World’s Richest Man]( 🤑 The former CEO of Dogecoin has seen his career go from strength to strength. Elon Musk, the head of Tesla and SpaceX, has now overtaken Amazon’s Jeff Bezos to become the world’s richest man, with a net worth of $188.5 billion. A surge in Tesla’s share price is behind Musk’s promotion, with the stock rallying 800% in the space of a year. [Read more here.]( [‘Ethereum’ Surges Hit Records]( 📊 The number of Google searches for "[Ethereum]( has broken records — eclipsing the levels of interest seen when ETH hit all-time highs in 2018. That’s a contrast to searches for "[Bitcoin]( which remain 65% below its peak popularity in December 2017. This comes as ETH edges ever closer to surpassing the previous record price of $1,432.88. [Read more here.]( Poll of the Day 📣 It’s been another white-knuckle ride in the crypto markets, with [XRP]( mounting an impressive fightback in recent days. So, our question is this... On a scale of 1-5 (5 being definitely,) is XRP’s sudden price surge going to last? [Rate 1-5]( What You Said 🔊 Previously on the CoinMarketCap newsletter, we asked you this… On a scale of 1-5 (5 being definitely,) do you think [Bitcoin]( is going to suffer a pullback? Thanks for all your responses — 35.7% of you said a decline is definitely on the horizon. Meanwhile, 11.7% of you are keeping the faith, and believe the only way is up for BTC. Here’s what you had to say… One avid crypto watcher writes: "Bitcoin will hit a maximum level and come back to a resting point." 😲 And another adds that corrections needn’t be a bad thing, explaining: "Pullbacks are needed." 😎 A contributor with a long memory believes that we could be in for a reprise of what happened three years ago, when BTC shed 80% of its value in the space of a year: "I believe it will take the path it took in 2017." 🚨 Not everyone is a fan of Bitcoin: "There is no proper backing for the current growth, it’s a bubble." 😱 And the last word goes to this observer: "It seems to be that Bitcoin makes three steps forward and then one or two steps back." 🤓 Alexandria’s Best Bits 📖 Looking for some in-depth insights into market movements? Here’s what [CoinMarketCap Alexandria]( can offer... [Tokens to buy!]( Can’t afford to buy [Bitcoin]( Not to worry. Flipside Crypto takes a look at this month’s healthiest projects — casting a spotlight on the altcoins that might be worth looking into. [What’s going on with Ether?!]( IntoTheBlock take a look at [Ethereum]( remarkable performance of late — and contrasts the long-term growth drivers with the short-term forces weighing it down. Take a quiz! Earn $GRT and $SAND Tokens Learn about one of the most popular DeFi projects The Graph and [Sandbox]( Watch the series, complete quizzes & learn how you earn more with your digital assets.* [Learn More]( (Not available in certain countries, check FAQ for details) Blockchain Term of the Day: [Dead Cat Bounce]( 🙀 Miaow. Following [XRP]( sudden spike — which happened despite the fact that there was no meaningful development in the SEC’s lawsuit against Ripple — some have suggested that the altcoin’s gains may be nothing more than a dead cat bounce. Thanks for reading! Have an epic weekend! 👋 😍 our newsletter? 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