King cryptocurrency At the time of writing, the unit experienced a rapid rise to $97,440 in the same minutes as the US market opened. We are witnessing a day when activity in cryptocurrencies increases again. BTC rose 3 percent on the daily, while many cryptocurrencies posted gains exceeding 5 percent. Those expecting a decline may be disappointed this time.
Bitcoin (BTC)
cryptocurrency There are indicators monitored for the peak. These indicators are still BTC It says the cycle peak for has not been reached. In his review today, popular cryptocurrency analyst Jelle recommended that we look at MVRV-Z for BTC to illustrate this. The chart shared by the analyst says that we still have a way to go.
“The MVRV Z-Score has historically been a great indicator of when the market has peaked. So far, Bitcoin
$96,632.0It says that is not overvalued.
Let’s go higher.”
At the time of writing, Negentropic thought the decline might be over. The person who shared the table below wrote:
“BTC As it stabilizes at $94K-$95K, profit taking slows down, making the area less attractive to investors. New liquidity and participants are key to upward momentum. Market reopenings and portfolio shifts could be in motion soon—possibly before Trump’s inauguration.”
2025 and Popular Cryptocurrencies
Last year, many categories performed better than the overall market. Over $97,100 at the time of writing BTC price He says this year could be a period similar to 2021. Investors have many reasons to be hopeful, especially as Trump’s inauguration day approaches.
The person sharing the chart above allows us to see which categories have performed better in recent years and last year. The same thing may continue this year too.
“The start of 2025 is so far following the theme of 2024.
AI and Memes lead the way, followed by everything else. I’m sure there will be many rotations this year as we always see. But it is good to be aware of strong sectors at certain times. Especially when you are actively trading.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
