Bitcoin was traded sideways within the narrow range of this week, as speculators to rise stabilized between 103 thousand dollars – 105 thousand dollars amid a more appropriate organizational position arising in the encrypted currency sector in the United States.
Despite some fluctuations in the middle of the week, the encrypted currency market quickly absorbed all the declines as Bitcoin re -test the support level of $ 100,000 several times.
The total value of the cryptocurrency market witnessed modest growth, as it slightly over 5.5 % to $ 3.8 trillion when writing.
Many major alternative currencies recorded good gains by Friday, but the broader alternative currency market morale remained cautious, which reflects the lack of confidence in all fields.
However, multiple upward developments have emerged during the past seven days, which could re -ignite the momentum of both bitcoin and alternative currencies, which may lead to the rise in the market in the coming days.
Will Bitcoin rise up?
Bitcoin has already recorded the highest new level ever at $ 108,786 USD and has been fixed above $ 100,000, but some developments indicate that it may soon enter prices.
First, early in the week, the data issued by the US Office for Labor Statistics showed more cold inflation data, with the basic consumer price index decreased from 0.3% in November to 0.2% in December.
On an annual basis, the basic inflation rate decreased from 3.3% to 3.2%.
As inflation pressure decreased, traders hope that the Federal Reserve will adopt a more pessimistic position during its next meeting.
Meanwhile, President Donald Trump is also pressing the organizational body to reduce interest rates, which traders consider a bullish sign.
Second, Mark Odia, Acting Chairman of the Securities and Stock Exchange, has created a team of encrypted currencies that will cooperate with the encrypted currency industry to develop organizational regulations that can finally remove the organizational fog that has long hindered institutional adoption and market growth on a larger scale.
Trump’s supporters hope to finally put “SEC 2.0” an end to the debate about securities, a step that can be a blessing of alternative currencies in particular.
Third, another batch of accreditation of encrypted currencies with Trump’s decision to drop SAB 121, a controversial base that prevented banks from providing memorization services to the encrypted currency sector.
The pro -encrypted movements have re -purchased from institutional players, which supported the high bitcoin this week.
Approval of approximately 3 billion US dollars to the Instant Bitcoin Investment Funds during the past six trading days, which represents a series of consecutive flows.
If the momentum continues, this may help support the next stage of bitcoin.
Market experts speculate on the coming green days.
In a publication on January 24, analyst Miles Deutcher highlighted that retail interest is currently at its lowest level in 3 years despite the trading of BTC above $ 100,000.
When retail interest begins with refreshment, it often leads to an increase in trading volumes and increased market activity, which inflates price momentum.
Meanwhile, Ectum Pampe’s cryptocurrency analyst, in the nickname, pointed out that the current open interest (OI) for Bitcoin price as a sign of a possible coming penetration.
The decrease in open interest at high price levels often indicates the marginalization of many traders or their hesitation in entering the market, creating the appropriate conditions for a sharp movement when the momentum increases.
The analyst added that if a new liquidity flows, this may push Bitcoin to achieve the highest new level ever, while reorganizing market dynamics.
However, the height will occur after the sale pressure decreases slightly.
According to the trader, who has a good follow -up, the long -term stock holders were selling at the current prices.
It is common when Bitcoin records the highest new level ever.
However, he added that as soon as the sale pressure is reduced, we can witness an increase of about $ 200.00.
At the time of writing the article, Bitcoin was sold for $ 10,898 per currency, an increase of approximately 3 % over the past week.
Alternative currencies have recovered this week
The alternative currency market recovered from the decline in the last week, with a recovery of the total market value of the sector by approximately 8 %.
The gains at the beginning of the week were largely driven by the MIM currencies that have the title of the Trump family, Trump and Milania.
However, by the late trading hours on Friday, most of these gains were erased with the transformation of profits into more famous projects.
The alternative currency season index reflects the lack of confidence in alternative currencies, as the scale decreased by 3 points from 50 registered last week.
However, senior winners were able to record double numbers by the end of the week. The leading cryptocurrency was:
Radium
During the past week, Ray rose by 38.9 %, reaching its highest level in 37 months at $ 8.62 on January 24, representing the highest gains recorded during this period between the 100 largest coded currencies in terms of market value.
source: Coinmarketcap
The market value of the Solana Distinguished DEX code reached about $ 2.4 billion upon writing.
This week’s gains were backed by the high size of its network, driven by the launch of the Meme coins associated with the Trump family, such as Official Trump (Trump) and Melania Meme (Meania).
According to Defi Llama, Raydium tackled a record size of $ 60.18 billion last week, and even exceeded all central stocks.
Raydium also supports Ray icon actively with a continuous distinctive re -purchase program.
On January 21, the platform repaid 1.6 billion symbols, which increased the total purchase to 55 million symbols.
This represents about 10% of the total supply of the distinctive symbols that are now kept in re -purchases.
Salt water will confirm Seoul
Marinade Staped Sol (MSOL), a 22.5 % liquid storage solution on Solana.
The alternative currency rose to its highest level ever at $ 363.77 on January 19 before settling at $ 336.83 at the time of publication.
Its market value was $ 1.43 billion with a trading offer of up to 4,265,874 symbols starting from Friday.
source: Coinmarketcap
The recent MSOL gains are likely to be attributed to the ownership of Solana’s renewable investors with Marinade after the company selects as one of the projects in the COHORT 2 program for the Solana incubator.
The project will now receive financial and technical support from Solana Labs, enabling it to enhance its infrastructure, expand its offers and attract more users to its liquid hedge platform.
Solana
The fifth largest coil asset in terms of market value, Solana, increased by 19.6 % during the past week to reach this list.
The alternative currency reached the highest new level ever at $ 293.31 on January 19 before giving up some of its gains and settling at $ 263.02 at the time of publication.
source: Coinmarketcap
Solana’s weekly performance was only associated with the performance of the decentralized stock exchange.
According to Defillama, Solana’s TVL has reached the highest new level ever with more than $ 12 billion on January 19, exceeding $ 10 billion for the first time since November 2022.
The alternative currency also increased after the Blockchain technology of Meme currencies witnessed the launch of two official currencies linked to the Trump family, TROMP and Melania, which brought a flow to retail users.
Weekly encrypted currency summary: Bitcoin is hovering near 105 thousand dollars, Ray and MSOL’s bullets appeared for the first time on Invezz
