BTC at $100K, Hawk Tuah Flops, and $110K Incoming

Hey there, degens!

It’s another wild week in the crypto circus—Bitcoin hit $100K, Hawk Tuah pulled a disappearing act faster than my willpower during altseason, and analysts are eyeing $110K BTC by January. Grab your snacks (or ramen, if the bear market hit you hard), and let’s dig in.

💰 Bitcoin Breaks $100K: The Hype Is Real

Alright, let’s talk Bitcoin. It’s not just mooning—it’s in full-on warp drive. Analysts are calling this the “parabolic phase”, predicting a local top at $110K before January. But hold onto your laser eyes—some are also forecasting a dip to $70K in February.

Raoul Pal, the crypto whisperer, says BTC is riding the liquidity wave like a pro surfer. His updated chart from Global Macro Investor shows Bitcoin perfectly tracking global liquidity trends.

If Bitcoin's price continues to track the liquidity index, it is expected to peak near $110,000 in January 2025, with a potential drop below $70,000 by February 2025.

However, it’s expected to be a temporary dip, as the market is still too hot to go into a bear market. So what’s the catch? A short-term dip might be in the cards. Pal’s chart shows a potential drop below $70K come February. If that happens, let’s call it a shopping spree opportunity.

In case you forgot here’s what’s fueling the pump:

• Money Printer Go Brrr: Fed liquidity injections are making BTC look like the belle of the ball. Analysts think Bitcoin could absorb 10% of new money supply, potentially attracting $2 trillion in investments by 2025.

• Trump Effect: With The Donald back in the driver’s seat, we’re talking about potential Bitcoin reserves and a regulatory environment friendlier than your local Bitcoin maxi.

• Macro Picture Looks Sweet: Lower inflation, weaker USD, and falling interest rates all scream bullish for crypto.

Bitcoin’s $100K milestone is just the beginning. Analysts like Jamie Coutts are calling for $132K in 2025, and whispers of $1M BTC are floating around if Trump legalizes a strategic Bitcoin reserve.

This isn’t just speculation—it’s macro-driven. Bitcoin has cemented itself as digital gold, and with growing liquidity, it’s primed to dominate.

🤡 Hawk Tuah: The Meme Coin That Couldn’t

While Bitcoin soared to $100K, Hawk Tuah took a nosedive straight into meme coin history books—for all the wrong reasons.

The coin launched with major buzz, hit a $490M market cap, and then crashed 91% in hours. Seriously, faster than you can say “rug pull.”

What went wrong?

• Insider Shenanigans: Data showed wallets holding 80-90% of the supply at launch. One whale flipped $1.3M in profits in under two hours. Casual.

• Investor Wipeout: One unlucky degen lost $43K. If you’re reading this, buddy, we’re pouring one out for you.

• SEC Incoming? Haliey Welch, the face of Hawk Tuah, insists it wasn’t a rug pull. SEC might have other thoughts.

The takeaway? Memecoins are like rollercoasters—fun, thrilling, but ultimately terrifying. Don’t get us wrong; they’re fun and occasionally lucrative, but let’s not bet the farm on them.

We interrupt this program with a friendly reminder:

And in today's crypto news, meme coins—often dubbed the junk food of the crypto world—are entertaining, sure, but overindulge and you might find yourself broke and questioning your life choices. Experts advise sticking to projects with real utility and strong fundamentals to keep your portfolio—and your sanity—intact."

Remember:

• DYOR (Do Your Own Research)

• If it smells like a scam, it probably is.

🐳 BTC at $100K but Hawk Tuah Dominates Group Chats?

Imagine this: Bitcoin hits $100K—a historic milestone—but your friends are blowing up the group chat asking about Hawk Tuah. Meme culture is undefeated.

Meanwhile, back in serious crypto land:

• Whales Are Loading Up: Big money is moving into Bitcoin and XRP, hinting at a strong Q1.

• Institutional FOMO Is Real: Institutions are driving volumes, leaving retail to chase the pump.

But hey, let’s not ignore the real star here: Bitcoin is the OG, and it’s proving once again why it’s the cornerstone of the crypto universe.

💬 Let’s Hear From You

Got hot takes on Bitcoin’s next move? Any meme coin disasters to share? Let us know on X, reply to this email, or if you are on web, leave a comment below. Best meme gets featured in the next newsletter.

Until next time, stay degen, stay skeptical, and may your bags moon responsibly.

- The DegenDen Team

P.S. We’re serious about the memes—don’t hold back.

Meme of the Day

^{Disclaimer: The content in this newsletter is for informational and entertainment purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions. Crypto is volatile, and you should only invest what you can afford to lose. Stay safe, degens!} 🚀