January 27, 2025
Market Overview
In the past week, the cryptocurrency market has seen investment flows reach 533 million USD, marking the highest increase in the past five weeks. Bitcoin (BTC) led with 543 million USD in inflows, while Ethereum (ETH) recorded an outflow of 35.7 million USD.
Trend Analysis
Analysts believe that this increase is related to the recent dovish comments from the Chairman of the Federal Reserve (FED), Jerome Powell. This has created expectations for a bullish market for Bitcoin, especially as the US dollar index (DXY) weakens.
Additionally, the issuance of stablecoins is also believed to have boosted the growth of Bitcoin, with the possibility that institutional investors are leading the current market rally.
The participation of new investors
Data from the US market shows an increase in the ranking of the Coinbase app on the App Store, rising from position 500 to 410 in the past week. This may reflect the growing interest of new investors in the cryptocurrency market.
However, despite the ongoing interest, new investors seem to remain cautious and reluctant to take on significant risks. This may lead to Bitcoin and altcoin price volatility not being as strong as before.
Conclusion: The cryptocurrency market is showing positive signs with an increase in capital flows and interest from new investors. However, cautious sentiment remains present, which may affect the volatility of the market in the near future.
Note: The information above is for reference only and should not be considered investment advice. Investors should conduct their own research and carefully consider before making decisions.