Bitcoin broke through the critical $100,000 mark on Monday afternoon and continued to trade above this threshold on Tuesday. The breakthrough of key psychological and technical resistance levels could translate into strong support, underpinning the asset's bullish trajectory. Current momentum indicators, such as RSI and other oscillators, remain below the 70 overbought range, indicating moderate momentum currently.
However, Bitcoin's long-term chart shows an upward channel, indicating that the market remains firmly in bull territory. Historically, January has been a strong month for Bitcoin, typically bringing a 20-30% rebound, aligning with expectations of continued upward movement. On the downside, any trend adjustment may find strong support in the range of $92,000 to $95,000, providing a buffer for prices during potential pullbacks.
Meanwhile, as the market focuses on these developments, MicroStrategy seems to be back -- as there are still 1,000 Bitcoins.
Big Idea Bitcoin: The strongest 16.
On Bitcoin's 16th birthday, its impressive rise in the rankings pushed its market cap to $2 trillion, marking a significant milestone in its maturation as an asset. We might thank the $2 billion inflow on the first day of 2025 discovering Bitcoin ETFs for this latest rise. However, it all revived on January 3, 2009, when the Genesis Block was mined, embedding the now-famous message: "(The Times) January 2009, Chancellor on brink of second bailout for banks." This pays tribute to the 2009 financial crisis, marking the birth of Bitcoin as a decentralized alternative to traditional finance. Fast forward 16 years, Bitcoin's performance in 2024 outperformed leading stocks and commodities, including gold, at a ratio of 4:1. This week, Bitcoin set a historic high in mining difficulty, soaring to 1.0978 trillion hashes, making the network more secure and resilient than ever. Each newly mined block reinforces Bitcoin's core commitment: a tamper-proof, decentralized system. With over 877,000 blocks, Bitcoin's security and value continue to rise, with its price first surpassing the $100,000 mark in December 2024. While Bitcoin is busy making history, $NEXO is helping shape its future.
1 Bitcoin donation to Brinkk's Bitcoin core developers - because even the best need a little help from friends. Ethereum
The leverage tailwind of Ethereum (ETH) is set to kick off a bull market in 2025, driven by an increase in long-term holders. All of this aligns with...
Recent media reports have highlighted the potential of this asset. Over 75% of ETH holders have held their tokens for over a year, up from 59% in January 2024. This growing confidence, along with the $2 billion inflow of Ethereum ETF spot purchases in December, marks increasing interest in the asset. It has also sparked discussions about potential gains in 2025. This positive sentiment is also reflected in the futures market.
The leverage ratio of Ether has reached a new high of 0.59 (more than twice that of BTC at 0.21), indicating an increase in speculative behavior. These trends suggest that Ethereum may perform strongly in the future, as outlined in this week's data report. Trade ETH Solana.
Solana's top sneakers?
Traders, please note. Some market dynamics for Solana (SOL) are re-emerging, reportedly with a net inflow of $227 million last week. CoinGlass.
. This influx reflects a similar pattern from March 2024, when the price of SOL peaked near $200 before entering a prolonged range. Such large-scale exchange trading typically indicates that holders may be preparing to sell. This influx of funds complicates the bullish technical outlook, which had previously indicated that oil prices might test the November high of over $260 again. Cryptocurrency hot January cryptocurrency unlock.
The cryptocurrency market will see nearly $7 billion in token unlocks throughout January.
. These events aimed at controlling token supply often lead to short-term price volatility — here are some notes to consider: Eterna (ENA): Unlocking 12 million tokens before January 8, valued at $12.16 million. Optimism (OP)
By January 9, 31.34 million tokens have been distributed, valued at $57 million. Daily linear unlock:
Solana (SOL):
Distributing 14 million dollars daily.
Celestia (TIA): Unlocking 5.1 million dollars daily.
Dogecoin (DOGE): Distributing 4.63 million dollars daily.
Avalanche (AVAX): Unlocking 4.02 million dollars daily.
Polkadot (DOT): Unlocking 2.94 million dollars daily.
TradFi trend Important portfolio components. For regulars at (Daily Telegraph), this may not be news, but it's reassuring when a TradFi giant backs Bitcoin. JPMorgan analysts emphasize the growing importance.
Golden Bitcoin as part of an investor's portfolio.
Devaluation trade. This strategy includes hedging against inflation, rising government debt, and geopolitical instability leading to the depreciation of fiat currencies. Analysts led by Nicholas Panigirtzoglou emphasize that Bitcoin is becoming an increasingly important component of the portfolio, with 2024 witnessing record inflows into the cryptocurrency market. The growing demand for Bitcoin highlights its role as a hedge against economic uncertainty, similar to traditional assets like gold. Macroeconomic overview (crypto) spotlight on the labor market.
This week, US economic data may drive market volatility, with the labor report set to
Center stage ADP employment (Wednesday).
: Employment growth is expected to slow to 130,000. Strong data could boost demand for Bitcoin but may also prompt rate hikes. Initial claims for unemployment benefits (Thursday).
The staking ratio has dropped to an 8-month low, indicating a strong labor market, which could benefit risk assets like Bitcoin. US employment report (Friday).
An expected addition of 155,000 jobs, with the unemployment rate stable at 4.2%. Strong numbers may support broader market optimism. The most interesting data story of the week.
The volume that triggered the rise Ethereum recently broke through the $3,600 price point, triggering a bull market, with exchanges significantly flowing out 89,000 ETH, showing strong accumulation. This trend, combined with positive investor sentiment and
Potential changes in the Chaikin Money Flow (CMF) indicator indicate sustained demand for Ethereum. As investors flock in, the asset is expected to target higher price levels, supported by growing optimism and strong macro momentum, with $4,000 now within reach.
Digital top five data this week 5,614 Ethereum whales.
The increasing number of ETH whale signals has rekindled investor interest. The amount for Bitcoin Metaplanet program acquisition in 2025.
$908 million - Funds flowing into the US spot Bitcoin ETF in the first week of 2025.
10,000 BTC Bitcoin's astonishing returns last year prompted VanEck to call it an inflation hedge.
1.0978 trillion hashes record mining difficulty ensures the integrity of the Bitcoin network.