In the last 24 hours, the price of BTC has risen by 3%, surpassing the key support level of $95,000. The main factor behind this growth has been the anticipation of Donald Trump's inauguration, which will take place on January 20. However, market participants are focused on the upcoming release of consumer price index (CPI) data. This data could trigger increased volatility in the market, especially if it surprises analysts.
Currently, Bitcoin is trading at $97,342. ETH is trading at $3,237
🔹BTC Dominance - 56.87%
🔹Market Capitalization - $3.37 trillion.
🌀 Fear and Greed Index - 51.
Interesting notes:
✔️ JPMorgan assessed the investment potential in ETFs based on Solana and XRP at $14 billion.
✔️ Italy's largest bank has begun investing in Bitcoin – the first transaction of 11 BTC (€1 million) has been completed.
✔️ Hong Kong company Ming Shing Group purchased 500 BTC at a balance of $94,375 per 1 BTC.
✔️ Max Keiser stated that the president of El Salvador plans to establish a Bitcoin node in every home.
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