|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Bitcoin Maintains $100,000 for the Sixth Consecutive Day
Jan 22, 2025 at 09:05 pm
This momentum is accompanied by an intensification of the FOMO (Fear of Missing Out) phenomenon, according to several market analysts.
Bitcoin price today: 80% of short-term holders return to profit as BTC holds $100,000 for sixth day
Bitcoin (BTC) price experienced a 10% variation on January 20, stabilizing at $106,100. The crypto maintains its price above $100,000 for the sixth consecutive day.
Rising bitcoin price brings 80% of short-term holders back to profit
On January 20, 2025, bitcoin experienced a price variation of 10%, stabilizing at $106,100. The crypto thus keeps its price above $100,000 for the sixth consecutive day.
According to the data from Checkonchain, this rise has allowed 80% of short-term investors (STH) to return to profit. A situation that contrasts with the beginning of the month, where 65% of them recorded losses.
Analyst Darkfost from CryptoQuant, however, observes a worrying signal: the STH-SOPR ratio (indicator of profit on spent bitcoins) is moving into negative territory. This change indicates that some recent holders are beginning to sell their bitcoins at a loss, despite the overall upward trend.
For his part, Axel Adler Jr notes an intensification of trading in the market. His volatility index reaches a monthly record, with strong activity both in buying and selling. This excitement reflects a phenomenon of FOMO (fear of missing the opportunity) particularly marked.
A crucial technical support zone between $90,000 and $95,000
The analysis platform Glassnode identifies a “critical zone” between $90,000 and $95,000, characterized by significant losses realized since November 2024. This zone represents a level where sellers have strongly capitulated, while buyers have intervened massively.
Mihir, a crypto educator, emphasizes that despite the expected volatility, a major technical support exists between $90,000 and $80,000, constituting what he considers a “safe retracement zone.” This analysis finds resonance in the data from CryptoQuant, which shows that recent holders acquired their bitcoins at an average price of $87,700.
In light of this new phase of increase, experts keep a close eye on these support levels. Although the fear of missing the opportunity (FOMO) may continue to push the price of bitcoin upward in the coming weeks, these technical zones remain decisive for the market’s strength.
Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Will Uniswap v4 Deployment This Week Affect UNI Price?
- Jan 23, 2025 at 02:55 am
- Uniswap is set to roll out its highly anticipated v4 upgrade this week, marking a pivotal moment for the decentralized exchange. The Uniswap Foundation confirmed the update on January 21, 2025, highlighting significant improvements aimed at enhancing capital efficiency, reducing gas fees, and offering greater flexibility for developers.
-
- Stomach-churning X-ray pictures show man left bursting with tapeworm eggs after he made a grave kitchen mistake
- Jan 23, 2025 at 02:55 am
- Sam Ghali, an Assistant Professor in Emergency Medicine at the University of Florida, revealed shocking snaps showing a patient's experience with a tapeworm infection
-
- Plug Power Inc. (NASDAQ: PLUG) Stock Surges 7.49% Amid Optimistic Update on $1.66 Billion Loan Guarantee Deal with the U.S. Department of Energy (DOE)
- Jan 23, 2025 at 02:45 am
- The catalyst for Plug Power's recent gain was an optimistic update from CEO Andy Marsh about the company's loan guarantee deal with the U.S
-
- JioCoin: A New Player in the Crypto Market Backed by Reliance
- Jan 23, 2025 at 02:45 am
- JioCoin is making waves in the crypto world with a valuation hitting $10 million. It's kind of a big deal, especially with Reliance backing it. Everyone's talking about how this might shake things up in the crypto market. But what's really going on here? Let's break it down and see why JioCoin's getting all this attention.
-
- Investor Shifts 110M $PENGU Tokens Across Two Wallets
- Jan 23, 2025 at 02:45 am
- This whale pulled out 581.96 million $PENGU coins from Binance, and at that time, they were worth $15.87 million. Following the sale, the whale exchanged 71.96 million $PENGU tokens for $1.93 million. The whale kept trading and moving the $PENGU coin through these big transactions.