Bitcoin Returns to $98,000, Ethereum Stands at $3,640! Bitfinex: BTC Looks to $105,000 This Month

The cryptocurrency market continues to show signs of recovery, with Bitcoin rising to $98,000 today, and Ethereum returning to the $3,600 mark. Bitfinex analysts expect Bitcoin to climb to $105,000 in January, predicting that by the end of January, Bitcoin will fluctuate between $95,000 and $110,000. (Background: Bitcoin celebrates its 16th birthday: what you should know about BTC from the genesis block to the 'national-level asset reserve competition' in 2025) (Context: Morgan Stanley has opened up 'cryptocurrency trading,' experts predict Bitcoin could surge to $200,000) Bitcoin (BTC) has continued to decline after hitting a historical high of $108,353 on the 17th of last month, but after dropping to a low of $91,530 on the 30th of last month, it has begun to show significant gains, rising over 7% in the past six days, reaching a peak of $98,976.91 yesterday, and is currently reported at $98,050, with a near 24-hour increase of 0.1%. Bitcoin trend chart. Source: Binance Ethereum continues to surge Meanwhile, Ethereum (ETH) reached a high of $4,107 on the 17th of last month, then fell back to a low of $3,101 on the 20th of last month, but has recently also shown significant gains, rising over 17% from the low point on the 20th of last month, and is currently reported at $3,638, with a near 24-hour increase of 1.4%. Ethereum trend chart. Source: Binance Overall liquidation data stabilizes According to Coinglass data, in the past 24 hours, the total liquidation amount across the cryptocurrency market was $171 million, with long positions liquidated at $74.44 million and short positions liquidated at $96.68 million, affecting over 63,000 people, and the liquidation data has stabilized. Total cryptocurrency liquidation data. Source: Coinglass The fear and greed index level remains greedy Additionally, according to Alternative data, the fear and greed index today is at 72 (down from 73 yesterday), still indicating a greedy level. The cryptocurrency fear and greed index is based on six key market performance indicators: volatility (25%), market trading volume (25%), social media heat (15%), market surveys (15%), Bitcoin's dominance (10%), and Google trend analysis (10%), to assess market sentiment. Cryptocurrency fear and greed index. Source: Alternative Looking at January BTC at $105,000 Looking ahead, Bitfinex analysts today stated that they expect Bitcoin to rise to $105,000 in January: We anticipate Bitcoin will maintain a range-bound market trend as investors seek to deploy capital across a variety of asset classes, predicting that by the end of January, Bitcoin will fluctuate between $95,000 and $110,000. The incoming US President Trump will be inaugurated on the 20th, which could become an important catalyst for the cryptocurrency market's rise, with expectations for the new US government to introduce friendlier cryptocurrency regulatory policies and improve US economic policies. However, Bitfinex analysts believe that Trump's inauguration may not immediately trigger a rise in the cryptocurrency market: We expect the new president's term will bring more clarity to cryptocurrency policies, but we do not believe the inauguration will be a significant price increase event but rather a prelude to paving a less obstructive path for cryptocurrency in the US. Related reports MicroStrategy plunges 44% from its peak! 10x Research: The leveraged Bitcoin narrative dissipates, three key factors determining BTC's trend this year Bitcoin returns to $95,000, Ethereum spikes to $3,400, is market liquidity returning? How does Bitcoin perform after New Year's Day? A review of BTC historical data over the past 12 years tells you "Bitcoin returns to $98,000, Ethereum stands at $3,640! Bitfinex: BTC looks to $105,000 this month" This article was first published in BlockTempo (Dongqu Movement - the most influential blockchain news media).