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USD/JPY Price Outlook for 2025: Traders Brace for Volatile Year Amid Diverging
Jan 06 at 08:33
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1 Replies
Biedrs kopš
23 ieraksti
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
Pielikumi
Biedrs kopš
75 ieraksti
Jan 08 at 05:17
Good read!
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