Bitcoin Nears Potential Bottom as Market Recovers
Bitcoin Nears Potential Bottom as Market Recovers
🔥 Bullish Signals?
As the cryptocurrency market recovers from last week's correction, analysis suggests Bitcoin may be nearing the bottom of its current trading range. The recent 17.5% pullback from Bitcoin's all-time high hints at a potential local bottom, as corrections typically cap at 20-24%. Experts remain optimistic despite negative outflows from the Grayscale Bitcoin Trust (GBTC). Analysis indicates a possible floor for Bitcoin around $56,000, aligning with short-term holder realized prices and ETF investor cost bases. While Bitcoin grapples with volatility, the altcoin market has shown resilience, with the Total3 index hitting a new cycle high, signaling growing investment flows into altcoins.
In Bitfinex Alpha, we see #Bitcoin dominance stabilizing around 51%, hinting at the possibility of a new altcoin season. Meanwhile liquidity in the top 20 altcoins has increased, smaller coins may be seeing a decline. Dive into the details: go.bitfinex.com/Alpha93T
As the market recovers from last week's correction, we're honing in on the bottom of the current trading range. 📊 The recent pullback in #Bitcoin, around 17.5% from its ATH, hints at a local bottom. Dive into the details 👀 blog.bitfinex.com/bitfinex-alpha…
“Investors perceive #Bitcoin as a store of value rather than a tradable volatile asset, which has been the case for several years before the introduction of the ETFs.” Get the details from Bitfinex analysts 📈 kitco.com/news/article/2…
Today marks a significant milestone for #FinancialFreedom as we celebrate a new all-time high for #Bitcoin! 🎉 As the original $BTC exchange, Bitfinex is optimistic about the future. Together, we unlock new levels of financial freedom. 🚀 Learn more: bitfinex.com/manifesto/
In the last 7 days, #Bitcoin is up 21%, #Ether is up 17% and volumes on Bitfinex are up 243%. No disruptions to trading, no load issues, all systems firing. 🔥 bitfinex.com
"Our analysis forecasts a conservative Bitcoin price objective of $100,000 to $120,000 to be achieved by Q4 2024, with the cycle peak expected to occur sometime in 2025 in terms of total cryptocurrency market capitalization." - Bitfinex Alpha cointelegraph.com/news/bitcoin-b…
New highs for #Bitcoin and #Ethereum! 🎉 $BTC soaring past $70K and $ETH hitting over $4K ⭐️ The future of decentralized finance is looking brighter than ever! Embrace #financialfreedom with Bitfinex: buff.ly/2G9bak2
#DeFi lending protocols reach new heights, signalling market confidence and maturity. Security and transparency pave the way for continued growth. 📈 go.bitfinex.com/Alpha94T
846 days in the making, we have hit a new ATH for #Bitcoin on Bitfinex! 🚀 Where does the rocketship head next? a. Next stop: $75K! b. Sky’s the limit! 🚀 c. To the moon! 🌕
#Bitcoin $60,000 and climbing! 📈 Trade with the whales on Bitfinex #FinancialFreedom 🎉
The #Bitcoin and #Ether markets are looking positive 📈 Bitcoin ETFs saw $600M inflows last week and record amounts of BTC are leaving exchanges 🔥 Read more in Bitfinex Alpha: go.bitfinex.com/Alpha93T
$ETH hit a new high but watch the options market. Get more details in Bitfinex Alpha! go.bitfinex.com/BFXAlpha92 x.com/TheBlock__/sta…
#Bitcoin soared to an ATH of $73,666 on March 14th, only to experience a sharp pullback of over 12.5%. Alts however were more resilient and not so influenced by BTC movements ✅ Discover how BTC and Alts might be on separate paths: buff.ly/43mtIEE
“Our analysis forecasts a conservative price objective of $100,000-$120,000 to be achieved by Q4 2024, and the cycle peak to be achieved sometime in 2025 in terms of total crypto market capitalization,” - Bitfinex analysts x.com/CoinDesk/statu…
$BTC cash and carry arbitrage offers a significantly higher yield than U.S. Treasury notes and could draw more money to the crypto market. reports @godbole17. trib.al/MfMOZ95
Bitfinex Alpha predicted it: "#Bitcoin is now poised to achieve a new year-to-date high. This uptrend coincides with a period of reduced outflows from @grayscales' GBTC and a general increase in inflows into digital asset funds." theblock.co/post/277146/bi…
The bullish momentum behind BTC continues 🚀 Bitfinex Alpha reports Open Interest in #Bitcoin futures have reached over $26 billion, a new high. We see the trend continuing as more allocations are made to the BTC ETFs. Dive into the details: go.bitfinex.com/Alpha94T
Bitfinex Alpha predicted it: "Bitcoin is now poised to achieve a new year-to-date high. This uptrend coincides with a period of reduced outflows from @grayscales' GBTC and a general increase in inflows into digital asset funds." theblock.co/post/277146/bi…
#Bitcoin stays resilient - hitting a new year-to-date high 🔥At $52,700, $BTC is up 25% since January, just 28.6% shy of its all-time high! Read more about the BTC bull in Bitfinex Alpha: ow.ly/ISAq50QFiHA
Dubai Bans Privacy Tokens as China's Digital Yuan Hits $55B in Cross-Border Transactions
**Major regulatory shifts are reshaping global crypto markets:** - **Dubai** has cracked down on privacy tokens and stablecoins - **South Korea** is blocking unregistered crypto applications - **China's digital yuan** has processed over $55 billion through the [mBridge](https://www.bis.org/about/bisih/topics/cbdc/mbridge.htm) cross-border payment system These developments signal a fundamental restructuring of crypto and payment infrastructure rather than short-term market movements. Regulators are tightening controls while state-backed digital currencies gain traction in international settlements. The trend continues the shift away from dollar-dominated stablecoins toward regulated alternatives in euros, yen, and yuan—challenging USD's onchain dominance.
Japan Bond Yields Rise, Crypto Faces Tighter Liquidity
**Japan's 30-year government bond yield jumped to 3.9%** and remains elevated near 3.7%, signaling a shift in global liquidity conditions. **Key implications:** - The era of cheap yen funding appears to be ending - Tighter liquidity conditions ahead for global markets - Bitcoin and crypto assets face increased exposure to macro shocks - Digital assets showing heightened sensitivity to bond yield movements This development marks a notable change in the funding environment that has supported risk assets in recent years.
BFX Securities Head to Discuss Tokenization in El Salvador
**Jesse Knutson**, Head of Operations at BFX Securities, is traveling to El Salvador to discuss key developments in digital finance. **Key topics include:** - Tokenization of real-world assets - Regulated issuance frameworks - Bridging traditional capital markets with blockchain infrastructure BFX Securities operates as the first licensed platform in El Salvador, previously discussing Bitcoin-based T-bills and RWA tokenization at Plan B conference.
Bitcoin-Gold Ratio Down 52% as Gold Hits Record $4,700
Gold reached an all-time high of $4,700 per ounce, while the Bitcoin-to-gold ratio has declined 52% from its peak. **Key Points:** - The BTC/gold ratio is at levels last seen before Bitcoin's previous outperformance against gold - Market positioning is shifting as investors reassess the relationship between the two assets - Bitfinex analysts suggest monitoring this metric as liquidity conditions develop through 2026 Historically, when this ratio reached similar levels, Bitcoin subsequently outperformed gold. The current setup may indicate a potential shift in relative performance between the two assets as market conditions evolve. [Read full analysis](https://cointelegraph.com/news/bitcoin-30-day-realized-losses-gold-record-high)
🇸🇻 Bitfinex Returns to El Salvador
Bitfinex is heading back to El Salvador for the Plan B Forum, taking place January 29-31. The event will focus on: - Real-world Bitcoin adoption - Market infrastructure development - Practical Bitcoin implementation The forum brings together the exchange and the global Bitcoin community to assess progress and discuss the future of Bitcoin in El Salvador. [Register here](http://planb.sv)