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Cryptocurrency News Articles
Bitcoin (BTC) Price Analysis: BTC/USD Bulls Target $108.4K High as Exchange Supply Dwindles
Jan 07, 2025 at 02:21 am
Bitcoin (BTC) price has started 2025 on the front foot with the world's largest cryptocurrency by market capitalization breached the $100k barrier once more.
Bitcoin price started 2025 on a positive note with the world’s largest cryptocurrency by market capitalization breaching the 100k barrier once more.
Fresh institutional demand for Bitcoin ETF’s emerged on Friday with the world’s biggest cryptocurrency recording $908.1 million in net inflows into its US-based Spot ETF’s, according to data from Farside Investors. This marks the first day of inflows into theناءBitcoin ETF’s in 2025 after a prolonged period of outflows.
Bitcoin price rose sharply on Friday, continuing its recent strong trend. The world’s largest cryptocurrency by market capitalization rose to 103,647 by the afternoon session, up 3.7% for the day. BTC/USD seven day bull run continues with the lows being around 91,315 on December 30.
Bitcoin price has started 2025 on a positive note with the world’s largest cryptocurrency by market capitalization breaching the 100k barrier once more.
Fresh institutional demand for Bitcoin ETF’s emerged on Friday with the world’s biggest cryptocurrency recording $908.1 million in net inflows into its US-based Spot ETF’s, according to data from Farside Investors. This marks the first day of inflows into theناءBitcoin ETF’s in 2025 after a prolonged period of outflows.
Bitcoin’s recent price performance has been closely tied to the inauguration of Donald Trump on January 20 and the optimism over a positive period for cryptocurrency under his leadership. Trump himself has floated the idea of a bitcoin fund for the US.
Rising institutional interest in Bitcoin bodes well for the world’s largest cryptocurrency and could propel BTC/USD to fresh highs in the coming weeks and months.
Technical Analysis BTC/USD
Bitcoin (BTC/USD) bulls have found their feet over the past 7 days.
The worlds largest cryptocurrency is on a 7 day bull run from lows around 91315 on December 30. Bitcoin is up around 3.7% for the day at the time of writing.
As things stand a daily candle close above the 100000 mark is needed if Bitcoin is to confirm a change in structure. This could embolden bulls and provide further strength to Bitcoin, potentially propelling it toward its all time highs around the 108364 handle.
Immediate resistance may be found at 103647 and the psychological 105000 handle respectively.
A rejection of these resistance levels could see Bitcoin retest the 100000 mark before the 50-day MA comes into focus at 97494. A break of this level will bring attention to support at the 95000 handle.
Bitcoin (BTC/USD) Daily Chart, January 6, 2025
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- Bitcoin Revisits the Pivotal $100,000 Milestone, Coinbase Premium Index Turns Positive
- Jan 08, 2025 at 10:45 am
- With a significant move at the start of the week, Bitcoin has revisited the pivotal $100,000 milestone once again. This move has triggered a wave of fresh optimism among crypto enthusiasts as several key metrics have also seen positive movements alongside the recent upswing.
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- Bitcoin (BTC) Price Eyes Imminent Breakout as Whale/ Institutional Interest Drives Bullish Sentiment
- Jan 08, 2025 at 10:45 am
- By press time, the BTC price exchange was at $97,068 with a market cap of $1.918 Trillion. Consecutively, the global market cap reverted to $3.5 Trillion, while the 24-hour trading volume is at $183 Billion.
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- Binance Coin (BNB) Poised to Repeat 2021's 744% Rally, Target $5,980 by 2025
- Jan 08, 2025 at 10:45 am
- In 2021, Binance Coin (BNB) witnessed an extraordinary 744% surge just 262 days after the Bitcoin halving. Fast forward to 2025, and market observers are drawing some similarities between current price action and the historic rally.
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- Top 5 Crypto Picks for 2025: Leading with Innovation
- Jan 08, 2025 at 10:45 am
- As we approach 2025, the cryptocurrency market is brimming with opportunity. For those looking to broaden their holdings, identifying the most promising digital assets is crucial. This guide highlights five exceptional crypto picks for 2025—BlockDAG (BDAG), Avalanche (AVAX), SUI, Aptos (APT), and Fantom (FTM). Each coin is at the forefront of innovation and growth potential.
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- Ripple (XRP), Stellar (XLM), and IOTA (IOTA) Price Forecast
- Jan 08, 2025 at 10:45 am
- Cryptocurrency prices suffered a big reversal as concerns about a highly hawkish Federal Reserve led to a sell-off of risky assets. Bitcoin price plunged from this week's high of $102,000 to below $97,000, while the crypto fear and greed index dropped to the neutral zone of 57.