Bitcoin (BTC) $97,678.3 price It is moving around $98,000 over the weekend and this is promising for the new week. Markets, which have recovered after nearly 2 weeks of negativity, are counting the days until Trump takes office on January 20. So what is the latest situation in Bitcoin and altcoins?
Bitcoin (BTC)
Due to the volatility in the last 24 hours, there was a liquidation of 164 million dollars. Liquidations decreased by 26 percent compared to the previous day. Bitcoin (BTC) price It lingers at $98,425.
Maintaining $91,500 as support, BTC continues to close above $95,000, which is necessary for the continuation of the rise. If the positive sentiment can be maintained, we may see the BTC price reach six-digit levels again as we approach January 20.
In the scenario where $ 102,000 is withdrawn, the BTC price will be expected to reach $ 110,000.
Altcoins Latest Status
The total transaction volume of cryptocurrencies decreased to 88 billion dollars. After peaks of $300 billion, the lack of volume over the weekend is very much felt. It is positive that the total value of cryptocurrencies has again exceeded $ 3.5 trillion, and the fear index is climbing above the neutral zone again.
top 100 cryptocurrency The highest earners in the last 24 hours among AIOZ And PENGU happened. They experienced an increase of 20 percent and 12 percent, respectively. On a weekly basis, SPX and FARTCOIN are at the top with gains exceeding 40%.
Altcoin volatility in futures has caused significant liquidations. HIVE and Chillguy saw hundreds of thousands of dollars in liquidations. The massive volatility experienced by a small group of altcoins including ACT cryptocurrencies The greatest liquidations within it enabled them to be living beings.
There is little time left until Trump’s crypto-friendly administration takes office. The trend is still bullish and we should see more gains next week as we emerge from a 2-week bearish period.
Friday’s ETF data was very important and was one of the most important factors fueling weekend optimism. There was a net positive inflow on January 3, with inflows exceeding $908 million. This recovery is motivating as we have seen continuous net outflows between $971 million and $226 million since December 19.
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.
