The post Bitcoin Price Back Above $100K—Will it PullBack for Higher Low or Dive Into Deeper Correction? appeared first on Coinpedia Fintech News Bitcoin demonstrated a huge bullish action during the last trading day, which helped the token breach the pivotal resistance range between $98,685.01 and $99,583.64, marking highs above $102,000. While major reasons contribute towards the rise, some among them are the rise in the hash rate that marked the ATH, increased mining difficulty, Michael Saylor buying more Bitcoin, and Donald Trump taking office soon. With this trade setup, the BTC price is assumed to rise above $300K. But are these realistic targets? Ever since the price rose above the consolidation, the spot ETFs have seen a significant inflow. After recording over $900 million during the past week, the total net flows were also above $900 million for the second consecutive day. This suggests the institutions are fueling the Bitcoin momentum as the institutions are buying more than the BTC mined in a day. Now that the volume over the platform has recovered from the lows below $20 billion to levels above $50 billion, here is what to expect from the BTC price rally this month. The historical BTC price action remains bullish and the latest rebound above $100K indicates the bulls have gained enough strength. The price is printing consecutive bullish weeks in a row, which usually happens when the token is poised to mark new highs above the current ATH at $108.2K. The +Di of DMI has displayed a bullish divergence along with RSI; hence, indicating the price could maintain a healthy ascending trend. The trade pattern suggests the next highs for the BTC price could be somewhere around $111,676, hitting the resistance of the rising wedge. Meanwhile, the question arises whether the token will be able to sustain the gains or face another rejection from the highs. Considering the trade pattern, rejection seems imminent, while the growing market dynamics are expected to hold the levels above the previous highs, which may initiate a strong recovery. In 2024, U.S. politics will have impacted the crypto markets, particularly the BTC price. The launch of spot ETFs and the election of pro-crypto candidate Donald Trump were the main drivers of the growth. Therefore, it is quite evident that future price surges could be highly dependent on the U.S. government’s adoption of pro-Bitcoin policies and actions.
Crypto market recovery shows strong momentum today, with Bitcoin surpassing $102K, fueling bullish sentiment across the market. Most of top altcoins struggles to sustain upward trends, reflecting mixed performance. Dogecoin price, currently holding above $0.39, is showcasing resilience amid these fluctuations. Investors are closely monitoring DOGE, anticipating further gains before potential corrections. Can Dogecoin Price Rally to $0.5 Before Market Corrects? The TD Sequential indicator has flashed a sell signal on Dogecoin’s daily chart, suggesting a potential price correction ahead. DOGE price trades near $0.39, gaining momentum after recent bullish price action. The sell signal, highlighted by a green-to-red transition, indicates waning buying pressure. Traders anticipate a temporary pullback as the market adjusts. Recent market optimism fueled Dogecoin’s surge, with significant trading activity pushing prices higher. Analysts believe the sell signal may serve as a cooling phase before another potential rally. Despite the correction warning, market sentiment around the top meme coin remains optimistic. Source- Tweet DOGE Nears Key Resistance as Bulls Target $0.41 Breakout A crypto analyst highlights that Dogecoin is approaching a critical resistance level, marking a decisive moment for the popular memecoin. To reignite its momentum and push toward previous all-time highs, Dogecoin needs to break past the $0.41 mark. The coin has been consolidating near this significant level after a recent upward trend. Analysts emphasize that a clear breakout beyond $0.41 could set the stage for a renewed rally. The current price action shows a retest of prior resistance, suggesting growing market interest. Source- X What Next For Dogecoin Price After a Market Rally? The global crypto market cap has reached $3.58 trillion, reflecting a 1.68% rise in the past 24 hours. Market activity surged as the total crypto trading volume jumped 30.% to $124.78 billion. Bitcoin price is above $102k, while Ethereum, Solana, XRP, and other cryptocurrencies followed suit. Meme coins, including Dogecoin, also saw significant price rallies. Analysts suggest Dogecoin price could experience further gains if the bullish momentum persists. The latest DOGE price hovered at $0.393, reflecting a 4% surge within the past 24 hours during the U.S. timeframe. This upward momentum positions Dogecoin near the $0.40 mark, indicating potential bullish activity. Technical analysis suggests on the 4-hourchrt shows a continuation of the upward trend. The Relative Strength Index (RSI) shows a reading of 66.71, nearing an overbought condition that could lead to a temporary market correction. The Chaikin Money Flow (CMF) remains positive at 0.03, reflecting consistent capital inflows. Support lies at $0.35 and $0.32, offering a safety net in case of downward pressure. If bears make a comeback the Dogecoin price prediction could see a market corrects. And If bulls maintain momentum, DOGE could test the $0.50 psychological resistance, a key level for further rally potential. Dogecoin Price Chart: TradingView To conclude, the Dogecoin price has seen a market recovery following the crypto market rebound. Dogecoin’s price holds promise amid market optimism but faces potential corrections. Breaking $0.41 could ignite a rally toward $0.50. Investors should monitor key resistance and support levels closely. The post Will Dogecoin Price Hit $0.5, or Is a Correction Imminent? appeared first on CoinGape .
US spot Bitcoin ETFs (exchange-traded funds) purchased almost three times more BTC than the amount that was produced by miners in December. Aggregated data from Apollo and BiTBO shows that spot BTC ETFs in the US accumulated 51,500 Bitcoins collectively. Bitcoin ETFs have a stellar December December proved to be a golden time for Bitcoin ETFs with inflows supported by strong market momentum. The influx of capital into these investment products gave the largest crypto by market cap the support needed to rise above the psychological $100K mark to a new all-time high of $108,135 on December 17, according to data from CoinGecko. Simultaneously, Bitcoin miners introduced 13,850 new coins to BTC’s supply in December. Overall, the accumulation by spot Bitcoin ETFs was approximately 272% more than the number of new coins that were produced last month. Crypto researcher Vivek also noted in a January 6 X post that BTC exchange balances have plunged to historic lows, creating a supply bottleneck. With exchanges running low on liquidity, Vivek warned of a potential impending “supply shock.” #Bitcoin balance on exchanges hits an all time low. Supply shock incoming 🚀 pic.twitter.com/BkEmFfWeE7 — Vivek⚡️ (@Vivek4real_) January 6, 2025 Major inflows in January Data from Farside Investors shows that US Spot Bitcoin ETFs posted their second consecutive day of net inflows yesterday, with around $978.6 million entering the funds’ reserves collectively on January 6. Yesterday’s positive flows also marked the second consecutive weekday of more than $900 million in inflows. BlackRock’s IBIT, which is the current leader in cumulative inflows, saw $253.1 million and $209.1 million enter its reserves on Jan. 3 and Jan. 6, respectively. However, Fidelity’s FBTC was the top-performer. On Jan. 3, investors poured $357 million into FBTC, while $370.2 million entered the fund yesterday. Bitwise’s BITB also recorded positive net flows on both days. Similarly, ARKB recorded $16.5 million and $222.6 million net inflows on Jan. 2 and Jan. 6, respectively, while VanEck’s reserves increased over $10 million with the inflows it registered over both days. After posting no new flows on Jan. 3, investors resumed investing in Grayscale’s GBTC, sending $73.8 million to the ETF yesterday. The asset manager’s smaller BTC fund saw net inflows on both days as well. The uptick in inflows comes as BTC managed to reclaim a position above the $100,000 mark in the last 24 hours. After posting a daily gain of more than 2%, the market leader trades at $101,719.51 as of 3:05 a.m. EST. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Dubai, United Arab Emirates, January 7th, 2025, Chainwire Bybit , the world’s second-largest cryptocurrency exchange by trading volume, proudly announces the launch of its Fixed Rate Loan service empowering users with greater control and predictability in managing their crypto assets. For the first time ever at Bybit, users can access a peer-to-peer (P2P) loan service with fixed interest rates and terms. This latest offering reflects Bybit’s ongoing commitment to delivering unparalleled value to its global community. “With the launch of Fixed Rate Loan, Bybit is introducing a fresh way for users to lend and borrow in the crypto space. It’s designed to provide stability, flexibility, and efficiency, catering to the diverse needs of our customers,” said Joan Han, Sales and Marketing Director at Bybit. “This product is an exciting milestone for us, reinforcing our dedication to making crypto finance accessible and reliable.” What Sets Bybit’s Fixed Rate Loan Apart? Bybit offers several advantages for both borrowers and lenders: Predictable Costs : Borrowers lock in a fixed interest rate for the loan’s duration, avoiding fluctuating rates and hidden fees. Steady Returns : Lenders receive a fixed APR, ensuring stable returns. Flexible Collateral : Users can choose from a wide range of collateral options, maximizing capital utilization. Streamlined Process : Features like Auto-Repay and Auto-Renew (coming soon) simplify management. Secure Management : Bybit directly manages both collateral and loaned assets with principal protection for suppliers. Bybit’s loan terms offer flexibility and a wide selection of cryptocurrencies, including USDT, USDC, BTC, ETH, XRP, SOL, and MNT, with more to be added. Loan durations are available for 7, 30, 90, or 180 days. The Loan-to-Value (LTV) starts at 80%, with a margin call at 85% and liquidation at 92%. The minimum order amount for borrowing and lending is set at 1,000 USDT equivalent. In the event of liquidation, a 2% repayment fee applies, ensuring a transparent and secure process for all participants. Why Choose Bybit’s Fixed Rate Loan? This new service represents Bybit’s continued evolution as a leading innovator in the crypto finance space. Whether the user is a borrower seeking predictable costs or a lender aiming for steady returns, Fixed Rate Loan offers the ideal solution to navigate the dynamic world of cryptocurrency. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Contact Head of PR Tony Au Bybit tony.au@bybit.com
On Jan. 6, spot Bitcoin ETFs in the United States saw their highest inflows since Nov. 21, with $978 million, equating to 9,577 BTC entering the investment products. Additionally, it was the second consecutive trading day in a row with more than $900 million in inflows, as Jan. 3 saw $908 million entering the eleven funds. The $1.88 billion inflow has reversed a trend that saw $1.97 billion leaving the investment products since Dec. 19, almost wiping out those outflows in just two days. Final 1/6 inflows for U.S. Bitcoin ETFs 9,577 BTC, or $978 million pic.twitter.com/bXUHYHFxDF — HODL15Capital (@HODL15Capital) January 7, 2025 ETF Consumption Way Exceeding BTC Production Fidelity’s FBTC fund was the leader for the day on Monday, with an inflow of $370 million, followed by BlackRock’s IBIT fund with $209 million. Ark 21Shares also had a good day with $153 million in inflows, while both Grayscale products GBTC and the BTC mini trust saw over $70 million each inflowing, as did Bitwise. There were minor inflows for Franklin and VanEck and no outflows for the rest. GBTC Buys 720 Bitcoin You know it’s a big day when GBTC are buying pic.twitter.com/RVZpafS0MJ — Thomas | heyapollo.com (@thomas_fahrer) January 7, 2025 More than 9,000 BTC have entered spot Bitcoin ETFs per day over the past two trading days, which is significantly more than the 450 BTC that are mined every day on average. Bloomberg ETF analyst Eric Balchunas said, “I would have predicted a rough patch for the BTC ETFs given the drop below $100k (overdue for a breather), but no, they roared back with nearly $1B Friday.” Since then, BTC has reclaimed $100,000, and the products have seen another day with almost $1 billion in inflows. I would have predicted a rough patch for the btc ETFs given the drop below $100k (overdue for a breather) but no, they roared back with nearly $1b Friday, which lifted the 1W to positive net. Good sign. The scoring was spread around too, Dream Team-style- also a good sign. pic.twitter.com/krmKS0wKm2 — Eric Balchunas (@EricBalchunas) January 6, 2025 The ETF resurgence follows spot markets where Bitcoin has gained almost 10% since the beginning of this year. The asset hit an intraday high of $102,512 during early trading in Asia on Tuesday, so ETF momentum may continue today if those gains are maintained. ETH ETF Resurgence Spot Ethereum ETFs also had a good day on Monday, with their highest inflow for a fortnight at $128.7 million. The majority of that inflow, $124 million, was for BlackRock’s ETHA fund, which has now seen a total of $3.6 billion in inflows since it launched six months ago. There was very little activity for the rest of the ETH ETFs, and Grayscale’s ETHE continues to outflow, with the product losing $7.2 million on Monday. The post Spot Bitcoin ETF Inflows Surge to 6-week High of Nearly $1B appeared first on CryptoPotato .
The cryptocurrency market, led by Bitcoin, has often followed a pattern of alternating growth and decline cycles, reflecting investor sentiment and market fundamentals. Since the beginning of the current bull cycle in January 2023, Bitcoin has demonstrated substantial gains in both price and market duration. Increased capital inflows from new investors have supported this growth and existing participants are reinvesting their profits. However, recent indicators suggest that the market may now be entering the latter stages of this cycle, raising questions about what lies ahead for Bitcoin and the broader crypto market. Related Reading: MARA CEO Advocates “Invest And Forget” Approach To Bitcoin, Citing Strong Historical Performance Key Indicators Point to Cautious Optimism A significant metric supporting this observation is the percentage of Bitcoin traded within the past month based on realized market cap – UTXO, which currently sits at 36%, according to a recent analysis shared by a CryptoQuant analyst known as Crypto Dan. In the analysis, Dan reveals that while this figure remains lower than peak levels observed in previous bull cycles, its downward trajectory suggests that the market is “progressing toward its cycle peak.” Dan anticipates that this peak could occur sometime between Q1 and Q2 of 2025. However, rather than a single explosive surge, historical trends indicate that the ratio could experience sharp increases two to four more times before the cycle concludes. This pattern typically signals market overheating, followed by a subsequent correction or bear cycle. Dan further highlighted that while the market still holds potential for gains, a conservative approach to risk management is advisable. Historically, late-stage bull cycles have been marked by increased volatility, as profit-taking begins to influence market behavior. Dan wrote: Nevertheless, from a conservative standpoint and with risk management in mind, caution is advised. For this reason, I am planning to gradually sell my holdings. Another critical observation from on-chain data is the relationship between short-term traders and long-term holders. Historically, a sharp increase in short-term trading activity often precedes a market correction. Traders who entered the market during recent price rallies may begin to sell off their holdings, leading to temporary downward pressure on prices. Conversely, long-term holders often remain resilient during these periods, providing a stabilizing force in the market. Bitcoin Sees Recovery As The New Year Begins After weeks of struggling and remaining below $100,000 in the last month of 2024, Bitcoin appears to have now resumed its bullish momentum as the first month of 2025 commences. Although, BTC entered the new year with a price below $95,000. However, a few days later, the asset continued its upward momentum, reclaiming the $100,000 price mark to currently trade at a price of $101,624. At the time of writing, BTC recorded a 3.9% increase in the past day bringing its price closer to its recently established all-time high above $108,000 last month. Featured image created with DALL-E, Chart from TradingView
In a bold comparison reflecting future potential, Tim Draper likens Bitcoin’s trajectory to that of Netflix, sparking discussions in the crypto community. The venture capitalist emphasizes that just as Netflix
The post NASDAQ ISE Files for SEC Approval to Expand Bitcoin ETF Options by 10x appeared first on Coinpedia Fintech News NASDAQ ISE has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to increase the position and exercise limits for options on the iShares Bitcoin Trust (IBIT) ETF. The proposed change would raise the limit from 25,000 to 250,000 contracts, reflecting the ETF’s expanding market presence and trading activity. The SEC now has 45 days to approve or reject the proposal. Currently, IBIT options have some of the lowest limits in the industry, prompting NASDAQ ISC to argue that the increase is necessary to accommodate IBIT’s $46.8 billion market cap and average daily trading volume of 39.4 million shares. The new contract cap would represent just 2.89% of IBIT’s outstanding shares, which is still much lower than limits for similar ETFs, such as the SPDR Gold Shares (GLD) and iShares Silver Trust (SLV). “A position limit exercise in GLD would represent 8.17% of the float of GLD; a position limit exercise in SLV would represent 4.8% of the float of SLV, and a position limit exercise of BITO would represent 23.22% of the float of BITO. Consequently, the 250,000 proposed IBIT options position and exercise limit is more conservative than the standard applied to GLD, SLV and BITO, and appropriate,” ISE wrote. If approved, the proposal aims to enhance market liquidity and allow institutional investors to better manage risk. NASDAQ ISE emphasized that the changes are more conservative compared to other ETFs like GLD, SLV, and the Bitcoin Strategy ETF (BEO). The move is part of NASDAQ ISE’s broader effort to expand its digital asset offerings, including seeking approval for Bitcoin options trading. This follows recent regulatory developments, such as the SEC’s approval of rule changes allowing NASDAQ ISE to list options on the BlackRock IBIT ETF.
Bitcoin‘s surge past $100,000 for the first time in three weeks prompts predictions for a further rally toward $120,00 and beyond.
Bitcoin continues to face resistance near its all-time high, with reduced profitability for short-term holders (STHs) adding downward pressure on its price. The market is showing signs of weaker demand, and selling activity from recent investors is increasing, signaling potential risks of further corrections in the short to medium term. Analysts point to a decline in the Short-Term Holder Spent Output Profit Ratio (STH-SOPR) as a key indicator of this trend. This metric measures whether short-term Bitcoin holders, typically those holding for less than 155 days, are selling at a profit or loss. A falling STH-SOPR suggests more short-term holders are exiting their positions at a loss, reflecting weaker market confidence and heightened bearish sentiment. This pattern often serves as a warning sign. As fewer short-term holders sell at a profit, demand weakens, and selling pressure intensifies. This creates an environment where Bitcoin struggles to regain upward momentum, leaving its price vulnerable to further declines. Analysts suggest that unless new buying interest emerges to counteract the current selling pressure, a correction remains a likely scenario . The broader market sentiment plays a significant role in Bitcoin’s trajectory. If demand resurfaces and investor confidence improves, Bitcoin could attempt to retest its previous high. However, the persistent selling pressure and lack of substantial demand make this scenario uncertain for now. In summary, Bitcoin’s inability to break past key resistance highlights ongoing market fragility. The combination of reduced short-term profitability, weakening demand, and rising selling activity signals a critical period for Bitcoin's price direction . Investors will need to watch closely for any shifts in demand or sentiment that could reverse the current bearish trend.