Bitcoin News Summary for tow days :
Bitcoin Supported Near $95K Amid Profit-Taking
Bitcoin stabilized around the $95,000 level as end-of-year profit-taking weighed on the market. Indicators show mixed sentiment on whether this marks the beginning of consolidation or a potential recovery.
Russia Leverages Bitcoin for International Trade
Russia's finance minister confirmed that Bitcoin is being used to bypass Western sanctions. This highlights a growing geopolitical trend of using cryptocurrencies in international trade.
Bitcoin ETFs Witness Outflows
Spot Bitcoin ETFs recorded significant outflows of $1.5 billion post-Christmas, suggesting reduced investor appetite. However, some inflows have been observed in specific ETFs after the holiday season.
MicroStrategy's Bold Bitcoin Purchases
MicroStrategy purchased 217.18 BTC at an average price of $96,556, signaling continued institutional interest. This move aligns with their strategy of allocating surplus cash to Bitcoin.
Bitcoin Bulls Eye $100K Recovery
Despite recent dips, analysts predict Bitcoin could regain $100,000 within weeks, driven by potential market catalysts like ETF inflows and renewed institutional interest.
Bearish On-Chain Data Contrasts Futures Optimism
On-chain data signals increased selling pressure, contrasting with optimism in Bitcoin futures trading. This divergence raises caution among short-term traders.
Trump and Bitcoin's Strategic Narrative
Former President Trump's pro-Bitcoin stance continues to shape market sentiment, with some analysts speculating its potential role in bypassing traditional financial systems.
Bitcoin Rally's Impact on Other Cryptos
Bitcoin's performance has created a ripple effect, with altcoins like Ethereum and XRP facing similar profit-taking scenarios.
