In the latest crypto market action, Bitcoin has kicked off the new year with strong momentum. During Monday’s Asian trading hours, BTC climbed more than 1%, pushing from around $91,480 to $92,500. At its peak, the price even touched $93,000. This surge marks Bitcoin’s longest winning streak since early October, signaling a potential shift in market sentiment.
Investors are watching closely as this rally builds. After a tough 2024 where Bitcoin ended down 6%, underperforming assets like Nasdaq and gold, the crypto king is showing fresh signs of life. What’s driving this uptick? Let’s break it down.
Bitcoin isn’t moving alone. Major altcoins are riding the wave too. XRP, Solana (SOL), and Ether (ETH) each gained between 0.7% and 1% in the same session. This broad-based rise suggests improving confidence across the crypto space.
These gains highlight how interconnected the crypto market is, with Bitcoin often leading the charge.
Experts point to several key factors ending December’s slump. One big reason is the fade-out of tax-loss selling. This is when traders sell assets at a loss to cut their tax bills by offsetting gains elsewhere. US investors heavily used this tactic before year-end, dumping Bitcoin and alts to lock in losses.
December was rough, especially during North American hours. But now, with 2025 underway, trading desks have freer hands to take risks. Options expiry in late December also cleared the decks, setting a constructive tone.
Market analyst Markus Thielen notes the shift: conditions have turned positive as tax pressures ease. Early signs back this up.
The real firepower comes from institutional money. On Friday, the 11 spot Bitcoin ETFs saw over $471 million in inflows—the biggest single-day haul since November 11. This flood of cash underscores growing demand from big players.
Thielen calls these inflows “encouraging.” As long as Bitcoin stays above its 21-day moving average, the short-term outlook looks bullish. These ETFs make it easy for traditional investors to buy BTC exposure, bridging crypto and Wall Street.
| ETF Metric | Friday Inflow | Comparison |
|---|---|---|
| Bitcoin Spot ETFs (Total) | $471M+ | Largest since Nov 11 |
| Market Impact | Bullish | Supports price above 21DMA |
Timing is everything, and Bitcoin’s rally lines up with big global news. Over the weekend, US military moves led to the capture of Venezuela’s President Nicolás Maduro. This ramps up geopolitical risks, prompting a “flight to quality.”
Analyst Ryan Lee from Bitget sees Bitcoin acting like a safe haven, similar to gold and silver, which are also rallying hard. Investors are hedging against uncertainty.
Venezuela’s oil output is small—under 1 million barrels per day, less than 1% of global supply. Strategists say long-term economic hits will be minor. Still, short-term volatility could boost demand for decentralized assets like BTC.
Traditional markets are reacting too. Monday morning saw US stock futures climb:
As traders eye the first full week of 2025, the Venezuela situation adds spice. Risk assets are holding up, with crypto leading the gains.
Technicals look solid. Bitcoin’s hold above key supports like the 21-day moving average points to more upside. Watch resistance at $93,000–$95,000. A break higher could target $100,000 soon.
Fundamentals are aligning: ETF money keeps flowing, tax selling is done, and macro risks might drive more safe-haven buying. But risks remain—watch Fed rate cuts, regulatory news, and global tensions.
For altcoins, Bitcoin dominance matters. If BTC keeps winning, alts could catch a bigger wave. Solana’s DeFi growth and Ether’s layer-2 upgrades are worth eyeing.
The crypto market is heating up. Whether you’re HODLing Bitcoin or trading alts, this shows momentum building. Keep an eye on prices and news—2025 could be a breakout year.
Stay tuned for more crypto insights, price analysis, and market updates.
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