3 hours ago
The expected volatility after the CPI announcement yesterday indeed reached the crypto markets, but it was in the opposite direction of what many anticipated. Instead of slumping once again as it did at the start of the business week, BTC’s price headed north and tapped a weekly high before it was stopped. Briefly Exceeding $100K The aforementioned start of the current business week was violent for the primary cryptocurrency as it plummeted from $96,000 to under $90,000 in hours. In fact, its bottom came at $89,250 (on Bitstamp), which became its lowest price position since November. As the community started to question the bull run’s validity, BTC bounced off and soared to $97,000 by Tuesday. It calmed there for a bit in anticipation of the Wednesday announcement for the CPI numbers, but it shot up once they came out. Within mere minutes, the asset went from under $97,000 to $98,500 and kept climbing to just shy of $101,000. After charting this weekly high, though, it started to lose some momentum and now sits about two grand lower. Its market capitalization has climbed to $1.960 trillion on CG, but its dominance over the alts has taken a hit and is down to 54.3%. BTCUSD. Source: TradingView Alts See Green Again Most larger-cap alts have continued their recent run. Ethereum has jumped past $3,300 after slipping below $3,000 on Monday. DOGE is now above $0.37, while AVAX is close to $40, TRX is near $0.25, and LINK is above $21. More impressive gains come from the likes of XRP , SOL, and HBAR from the larger-cap alts. VIRTUAL has soared the most from the top 100 alts, having surged by 28% in a day. XDC follows suit with a 17% increase, and LTC is next with 15%. The cumulative market cap of all crypto assets is above $3.6 trillion now. This means that the metric has added more than $300 billion since the low from earlier this week. Cryptocurrency Market Overview. Source: QuantifyCrypto The post These Alts Post Biggest Gains as BTC Price Touched $101K (Market Watch) appeared first on CryptoPotato .
Crypto Potato
You can visit the page to read the article.
Source: Crypto Potato
Tags :
BTCEUR BTCGBP BTCUSD BTCUSDT Crypto News featured1 Market Updates
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
SHIB Burns Skyrocket 104%, Here`s Surprising Twist
Shiba Inu burn metric demonstrates significant growth as millions of meme coins were burned Crypto Potato
Analyst Predicts Bitcoin to Reach $160K in 2025
Analyst Predicts Bitcoin to Reach $160K in 2025 Bitcoin (BTC) is on track to reach $160,000 in 2025, according to crypto analyst Kevin Svenson , who shared his insights in a recent The Daily Hodl report. Svenson, known for his detailed market analysis and followed by 80,100 YouTube subscribers , forecasts new all-time highs for Bitcoin, driven by its ongoing parabolic trend . He predicts that Bitcoin will hit $124,000 by June 2025 , experience a mid-year correction, and then stage a final explosive rally to reach its peak of $160,000 by late 2025. Key Drivers of Svenson’s $160K Prediction 1. Parabolic Curve Development Base Four of Parabolic Trend: Svenson identifies Bitcoin as being in the fourth base of its parabolic growth, signaling an extended upward trajectory. Historical Patterns: Bitcoin has historically followed parabolic trends after halving events, leading to significant price surges. 2. Halving Effect Supply Shock: The April 2024 Bitcoin halving reduced block rewards, tightening supply and driving demand among investors. Market Momentum: Halving cycles typically lead to a multi-year bull market, with peaks occurring 12–18 months post-halving. 3. Institutional Adoption Spot Bitcoin ETFs: The approval and adoption of Bitcoin ETFs have opened the doors for institutional inflows. Mainstream Recognition: Companies and governments increasingly view Bitcoin as a hedge against inflation and economic instability. Projected 2025 Bitcoin Price Milestones Timeline Price Target Market Context Before June 2025 $124,000 Driven by post-halving demand and institutional interest. Mid-2025 Correction ~$100,000–$110,000 Temporary market pullback as investors take profits. Late 2025 Peak $160,000 Final rally fueled by increased adoption and limited supply. Challenges and Risks 1. Market Volatility Bitcoin’s price swings remain significant, with corrections of 20–30% possible during its upward trajectory. 2. Macroeconomic Factors Economic Uncertainty: Rising interest rates and global economic instability could influence investor sentiment. Regulatory Environment: Unclear regulations in major markets may impact Bitcoin’s adoption and price performance. 3. Speculative Behavior The parabolic trend may attract speculative capital, increasing the risk of short-term overvaluation. What Investors Should Consider Opportunities Long-Term Accumulation: Svenson’s prediction supports a strategy of accumulating Bitcoin during dips for long-term gains. Portfolio Diversification: Bitcoin’s growth potential makes it an attractive asset to hedge against traditional market risks. Risks Market Timing: Short-term corrections could result in losses for investors attempting to time the market. Overleveraged Positions: Excessive leverage during volatile periods could amplify losses. Historical Context of Bitcoin’s Parabolic Growth Year Halving Event Pre-Halving Price Post-Halving Peak Growth 2012 November ~$12 ~$1,100 (Nov 2013) ~9,000% 2016 July ~$650 ~$19,000 (Dec 2017) ~2,800% 2020 May ~$8,700 ~$69,000 (Nov 2021) ~690% 2024 April ~$28,000 ~$160,000 (2025 est.) TBD Conclusion Kevin Svenson’s prediction of Bitcoin reaching $160,000 in 2025 aligns with historical trends and the ongoing parabolic cycle. While the journey will likely involve short-term corrections, the broader outlook for Bitcoin remains highly optimistic. For investors, this could be a pivotal time to assess Bitcoin’s role in their portfolios, balancing long-term potential with the inherent risks of the volatile cryptocurrency market. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries. Crypto Potato
BUSINESS
-
Ripple v. SEC case update: January 16, 2025
2 saat önce
