The record outflows from BlackRock`s Bitcoin ETF may signal shifting investor sentiment and impact the broader cryptocurrency market dynamics. The post BlackRock’s Bitcoin ETF suffers record-high outflows of $332 million appeared first on Crypto Briefing .
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6 Ways to Be Sure Bitcoin’s Price Will Break The Sky in 2025
For context, Bitcoin returned a yield in average crypto exchange prices of 210% from Nov. 1, 2023, to a historical record high level above $108,000 on Dec. 16, according to data compiled by CoinMarketCap. Compare that to US stocks’ performance over the same time period, and the original and most secure cryptocurrency massively over-indexed for investor profits: Over the same span, the S&P 500 Index, the broad benchmark for US stocks, gained 45% . Meanwhile, the tech-focused Nasdaq Composite jumped by 55% , according to data from Yahoo Finance. What makes Bitcoin’s feat in 2023 especially remarkable is that it was a landmark record year for stocks. However, key analysts among the crypto X community and in traditional finance companies are expecting a repeat of the cryptocurrency sector in 2025. Below are six key factors pouring rocket fuel on the Bitcoin economy. 1. Crashing CX Balance to Bitcoin Price Ratio Based on the simple economics of supply and demand, one of the most bullish portents of 2025 for Bitcoin is the vanishing supply of BTC on crypto exchanges. That decreases the available supply of Bitcoin for sale. The remaining supply is becoming radically more precious and thus commands a higher price. Moreover, the flight of BTC from exchanges signals the intention of owners to hold their stashes long-term. That entails sustained support for Bitcoin’s price at its current levels. The balance of Bitcoin on crypto exchanges crashed over the New Year holiday to a low unseen since Feb. 2018, according to Coinglass data. Meanwhile, BTC’s price is soaring near record highs. 2. Corporations, Governments Join Roaring ’20s The anticipated entry of the US government into the BTC race is another sure sign of massive and lasting price support to come for Bitcoin. In addition to the incoming Trump Administration, which plans to establish a strategic Bitcoin reserve, a volley of publicly traded corporations are jumping into the fray. The Donald Trump Administration plans to hold onto its current stockpile of 198,000 BTC, mostly seized from criminal operations, instead of continuing to sell it off at auction. Sen. Cynthia Lummis (R-WY) proposes going further and accumulating one million BTC. She’s taking its disruptive changes to global finance in the Internet era very seriously. Japanese venture capital firm MetaPlanet’s CEO said on New Year’s Eve that he expects other governments in the Asia Pacific region to follow after the US and establish national reserves. Meanwhile, several publicly traded companies, such as MetaPlanet, VA-based MicroStrategy, and CA-based Semler Scientific, are hoarding Bitcoin to bolster their finances and profit from its historic market gains. Plus, there’s the voracious demand on Wall Street for Bitcoin ETFs. 3. Bitcoin MVRV Z-Score: Screaming Bull Signal MVRV stands for market value to realized value. Z-score is a term from statistics that means the average of the differences between a set of values and their average value. This is the ratio of Bitcoin’s market cap to the total of all the BTC calculated at its average market price the last time it moved wallets. A recent article that appeared in Forbes explains why this is important: “By factoring out short-term price fluctuations, realized value offers a clearer view of Bitcoin’s “fair” long-term valuation.” In past cycles, the Bitcoin MVRV ratio flagged the market top within two weeks when the ratio reached 7. On Jan. 1, the MVRV for Bitcoin was under 3, signaling plenty of upside left. In fact, it’s strongly suggestive that Bitcoin’s price could still double from here by the end of the cycle. 4. Bitcoin Hash Rate Tops New All-Time Highs BTC hash rate charted new records through December on a steep upward historical trend line for 2025. The Bitcoin hash rate is a measure of the number of computer cycles BTC mining machines are running to secure the network and keep an accurate, up-to-date copy of the blockchain. When it rises, that’s a bullish sign for Bitcoin’s price because miners must use electricity and tie up computer cycles that could be used for something else to run the cryptocurrency’s core software. They’re doing that to get the blockchain reward for helping to maintain Bitcoin, which is paid out in new BTC. So, a rising hash rate indicates optimism about a rising BTC price going forward from some of the most well-informed stakeholders in the entire enterprise. 5. Macro Rate Cuts and US Federal Deficit Here’s your real Trump bump for crypto assets. On top of an administration that will be friendly to the blockchain sector, Trump’s plans for the federal government over his next term will melt up the federal budget deficit. Fiscal year 2024 was the third largest deficit in history at $1.833 trillion. However, the Committee for a Responsible Federal Budget estimates that Trump’s plans will do this four more times each year he’s in office. That macro tide is certain to boost inflation across the economy and most dramatically in financial markets like the NYSE, NASDAQ, and Bitcoin exchange markets. 6. Urgent Bitcoin Chart Technical Indicator Bitcoin’s price appeared to be already breaking out of a classic 15-day bullish falling wedge pattern with declining volume on Dec. 31, according to data compiled by CoinGecko. Traders may have to act fast to take this ride up. The year began with a rally from under $93,000 to over $97,000. After a minor retracement, the asset could be primed for more gains even before Trump’s inauguration on January 20. The post 6 Ways to Be Sure Bitcoin’s Price Will Break The Sky in 2025 appeared first on CryptoPotato . Crypto Briefing
Analyst Sees Bitcoin (BTC) and Crypto Getting Pinned Down Until Later This Month – Here’s Why
A crypto veteran believes Bitcoin ( BTC ) and the rest of the digital asset market will remain listless in the first few weeks of 2025. Pseudonymous trader The Crypto Dog tells his 853,00 followers on the social media platform X that he thinks the market will not regain bullish momentum until President-elect Donald Trump is sworn into office. The analyst believes that Trump’s inauguration on January 20th will act as a strong catalyst that sends Bitcoin and altcoins to greater heights. “The inauguration likely acts just the same as election day – it’s going to pin us down until it’s over. We’re not exactly bearish, but we’re probably not going higher until Trump is in office. Just had a bunch of people excited longing the highs, they probably get rinsed now.” Looking at historical data, The Crypto Dog notes that Bitcoin rallied in 2021 after President Joe Biden took over the White House. “You can see how we behaved Jan 2021… Downtrend until inauguration then ripped +100% afterward.” Source: The Crypto Dog/X The analyst also notes that the same behavior can be seen during the 2017 cycle. “2017 breakout happened pretty much right on inauguration.” Source: The Crypto Dog/X While the analyst says historical trends call for more consolidation, he notes that his stance will be invalidated if the S&P 500 continues to show strength. “Looks like post-election January is pretty much up only for equities. Since the [launch of Bitcoin exchange-traded funds] we’ve been pretty lockstep so up only makes plenty of sense.” At time of writing, Bitcoin is worth $98,219. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Analyst Sees Bitcoin (BTC) and Crypto Getting Pinned Down Until Later This Month – Here’s Why appeared first on The Daily Hodl . Crypto Briefing