USD/JPY Price Outlook for 2025: Traders Brace for Volatile Year Amid Diverging
Jan 06 at 08:33
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Member Since Dec 14, 2024
15 posts
Jan 06 at 08:33
NTRODUCTION
The cryptocurrency market has seen a remarkable resurgence over the past 24 hours, with Bitcoin (BTC) soaring to a multi-week high of $99,000 before a slight pullback. Ethereum (ETH) has also shown significant recovery, trading above the key $3,500 resistance. Meanwhile, other altcoins like Dogecoin (DOGE) and Cardano (ADA) have posted impressive gains, signaling a strong start to the new year for digital assets.
Bitcoin Hits $99K Before Slight Retracement
Bitcoin’s price rally has continued, reaching a high of $99,000—a level last seen weeks ago. This marks a sharp recovery from its mid-December lows of $91,300. Despite the pullback to around $98,000, the bullish sentiment persists as investors remain optimistic about the flagship cryptocurrency’s potential to breach the $100,000 psychological barrier.
Market Drivers
MicroStrategy’s $2 Billion Fundraising:
MicroStrategy, the largest corporate holder of Bitcoin, announced plans to raise $2 billion via perpetual preferred stock offerings. This move underscores the institutional confidence in Bitcoin and has contributed to its upward momentum.
Technical Analysis
The cryptocurrency market has seen a remarkable resurgence over the past 24 hours, with Bitcoin (BTC) soaring to a multi-week high of $99,000 before a slight pullback. Ethereum (ETH) has also shown significant recovery, trading above the key $3,500 resistance. Meanwhile, other altcoins like Dogecoin (DOGE) and Cardano (ADA) have posted impressive gains, signaling a strong start to the new year for digital assets.
Bitcoin Hits $99K Before Slight Retracement
Bitcoin’s price rally has continued, reaching a high of $99,000—a level last seen weeks ago. This marks a sharp recovery from its mid-December lows of $91,300. Despite the pullback to around $98,000, the bullish sentiment persists as investors remain optimistic about the flagship cryptocurrency’s potential to breach the $100,000 psychological barrier.
Market Drivers
MicroStrategy’s $2 Billion Fundraising:
MicroStrategy, the largest corporate holder of Bitcoin, announced plans to raise $2 billion via perpetual preferred stock offerings. This move underscores the institutional confidence in Bitcoin and has contributed to its upward momentum.
Technical Analysis
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