- Bitcoin (BTC):
- On the two-hour chart, BTC buyers aim to reclaim levels above the $42,800 trading threshold, enabling a potential upward movement towards the Point of Control (POC) at $43,900.
- The $45,200 – $46,000 liquidity zone is a short-term target, where significant selling pressure is anticipated. Bitcoin’s consolidation above this level will strengthen bullish positions and negate scenarios of a descent to the $40,500 trading level.
- Ethereum (ETH):
- ETH is consolidating strength below the $2,565 resistance level. A breakthrough here would pave the way for Ethereum towards the seller block in the $2,650 – $2,700 range.
- Market Trends:
- Cryptocurrency investment product inflows reached $1.19 billion from January 6 to 12, approaching the historical high of $1.5 billion in October 2021.
- Record-breaking trading volumes at $17.5 billion indicate active participation from major players, with 97.5% of capital flowing into Bitcoin instruments, attracting $1.16 billion in the past week.
- Ethereum funds attracted $25.7 million, while XRP, Cardano, Litecoin-based instruments received $2.2 million, $1.4 million, and $0.8 million, respectively. Solana products experienced an inflow of $0.5 million following a $5.3 million outflow the previous week.
- Altcoin Highlights:
- Multibit’s support for the Solana ecosystem led to a 34% increase in MUBI’s value against USDT.
- Flare’s strategic partnership with Google Cloud resulted in a 30% surge in FLR against USDT.
- The integration of Inspect with Arbitrum’s Layer 2 network caused a 24% rise in INSP against USDT.
- Market Overview:
- The total market capitalization of digital assets increased by 1% over the past 24 hours, with Bitcoin’s dominance remaining stable.
- The sustained recovery of the entire cryptocurrency market depends on Bitcoin consolidating above the $42,800 trading level.
