Original author: shaofaye 123, Foresight News
Just stepping into 2025, Bitcoin has once again broken through the $100,000 mark, and the market seems to be gradually warming up amidst fluctuations.
Around 10 PM on January 6, the price of BTC surged past $100,000 and is currently hovering around $102,000. ETH also quickly rebounded past $3,600. With continuous positive news, BTC has seen daily gains for seven consecutive days, and the market seems to be gradually becoming optimistic. What has happened in the market?
BTC market data is positive.
The data on Bitcoin spot ETFs is one of the important reference indicators for observing inflows of off-exchange funds. Looking back at December, according to SoSoValue data, there was continuous positive inflow in the first half of the month, while the second half performed unsatisfactorily. Since entering January, Bitcoin spot ETFs have seen net inflows again, with total net assets reaching $111.46 billion, and the ETF net asset ratio (market value relative to Bitcoin's total market value) reaching 5.72%, with a historical cumulative net inflow of $35.91 billion.
Institutions are continuously increasing their BTC holdings.
On January 3, according to official news from MicroStrategy, it will raise $2 billion in the first quarter by issuing preferred shares to buy more BTC. This lays the foundation for increased BTC buying. Bitwise CEO Hunter Horsley stated, 'According to HODL1 5 Capital statistics, since last Monday, 11 listed companies have bought more Bitcoin. In 2025, a large number of companies will join the Bitcoin standard. Michael Saylor has scripted a movement.'
MicroStrategy has now purchased Bitcoin for nine consecutive weeks, and on January 6, it added 1,070 Bitcoins for approximately $101 million, at an average price of $94,004, bringing its current holdings to 447,470 BTC, with a total value of about $44.3 billion.
According to Bitcoin mining company MARA Digital, it will continue to increase its Bitcoin holdings on its balance sheet in 2025, currently holding about 44,000 BTC, valued at over $4 billion. The US-listed company KULR has now increased its holdings by 213.43 BTC, bringing the current total to 430.61 BTC.
Japanese company Metaplanet plans to increase its Bitcoin holdings to 10,000 by 2025 to expand its influence in Japan and the Bitcoin ecosystem.
According to Cointelegraph, El Salvador has also increased its holdings by 5 BTC since the beginning of the new year, bringing its total holdings to 6,009 BTC, valued at approximately $595 million. Institutions worldwide are continuously increasing their BTC holdings, with growing buying pressure for BTC.
The Trump concept Memecoin is experiencing gains, and the altcoin sector continues to warm up.
Since Trump's successful election campaign in early November, the market has seen a continuous rise for a month. In the early hours of January 7, the US Congress officially confirmed Trump's election as president, soon to take office, and related cryptocurrency projects and tokens have once again gained attention.
The Trump concept Memecoin TRUMP has been rising for three consecutive days since January 4, with an increase of over 80%; Memecoins like MAGA and TRUMPCOIN have also seen nearly 100% growth, though there was a pullback yesterday. However, its family project World Liberty Financial's holdings of coins such as LINK, AAVE, ENA, and COW have not shown significant rises.
Trump's crypto-friendly stance is a significant factor in the market's recent optimism. However, according to Reuters, Angeles Investments Chief Investment Officer Michael Rosen stated that Trump's inauguration may also bring some surprises to the market, predicting he will issue at least 25 executive orders on his first day in office, covering a range of issues from immigration to energy and cryptocurrency policies.
Currently, the sentiment in the cryptocurrency market has entered a relatively optimistic state, with altcoins continuing to recover. According to Alternative.me data, the cryptocurrency Fear and Greed Index has gradually risen above 70 since January, reaching 78 today, indicating a market shift to 'extreme greed'.
Compared to the rapid rise of Bitcoin, the altcoin sector shows mixed performance. In the 24-hour gains, the public chain sector SOL has broken through 220 USDT again, achieving growth, while AVAX saw an increase of about 6%. Other public chains have stagnated in their growth, with SUI retreating to 5 USDT after reaching a new high, and TON fluctuating around 5.7 USDT.
The Ethereum ecosystem, including DeFi, re-staking, L2, stablecoins, and other sectors, has also experienced short-term pullbacks, with EIGEN down slightly after rising for three consecutive days, LDO down about 3%, ENA showing a large correction of around 10%, and OP, ARB, and others also experiencing slight declines after five consecutive days of gains.
The CES Spring Festival of Technology is held, and the AI concept welcomes further good news.
'The Spring Festival of Technology' CES 2025 (International Consumer Electronics Show) will take place from January 7 to January 11 in Las Vegas, USA. During the event, technology giants like NVIDIA, AMD, Toyota, and Samsung will showcase their latest products and strategic plans for consumers.
In this context, on January 6, US stocks performed well, with the Dow Jones rising over 380 points at its peak, and the Nasdaq rising 2% before pulling back. The chip index rose over 4%. The 'Tech Seven Sisters' achieved widespread gains, with Meta in the metaverse rising 4.23%, NVIDIA up 3.43%, Google A up 2.65%, Amazon up 1.53%, Microsoft up 1.06%, Apple up 0.67%, and Tesla up 0.15%.
With NVIDIA CEO Jensen Huang set to deliver the keynote speech on January 7, NVIDIA's stock has risen for three consecutive days to reach a new high. According to market news, Huang may officially announce the new generation GeForce RTX 50 series graphics cards, including the RTX 5090, 5080, and 5060.
In the cryptocurrency market, AI application coins are generally rising, and AI Memecoins continue to show strength. WLD has risen over 10% in 24 hours, RENDER has increased by 8%, and IOTA has risen by 6%. In 24 hours, except for a slight decline in VIRTUAL, ZEREBRO, FARTCOIN, and a few others, the rest have all seen gains. SWARMS is approaching a market cap of $500 million, achieving over 80% growth. AI16Z reached 2.25 USDT, with an increase of over 25%. GRIFFAIN, ARC, and others have all risen over 20%, and AIXBT has also rebounded above 0.55 USDT.
How analysts view it.
In early February 2024, 10X Research founder and research director Markus Thielen stated, 'Bitcoin often rises by 11% around the Lunar New Year.' Over the past nine years, traders buying Bitcoin three days before the Lunar New Year and selling ten days after have seen significant profits. The 2025 Spring Festival will be on January 29, arriving earlier than in previous years, making the market performance worth looking forward to.
Ledn Chief Investment Officer John Glover stated that Bitcoin may drop to $89,000, then rebound to reach $125,000 by the end of the first quarter, potentially hitting $160,000 by the end of this year or early next year.
Bitfinex released a report stating, 'We see that the market remains strong. Although there may be a deeper correction in the first quarter of 2025, the bullish sentiment among miners and the overall tightening of supply indicate that Bitcoin has good upward potential in the mid-term. The overall selling pressure from miners, long-term holders, and other groups has significantly eased. The supply entering circulation in the market has decreased, alleviating the impact of the recent correction.'
Bernstein analysts released ten predictions for the cryptocurrency industry in 2025, stating that 'the cryptocurrency industry will enter an 'infinite era', with a Bitcoin price target of $200,000 in 2025, the stablecoin market cap exceeding $500 billion, net inflows into spot Bitcoin ETFs exceeding $70 billion, and further deepening integration of cryptocurrency and artificial intelligence.'
However, some analysts have expressed concerns about the market.
QCP stated, 'It is expected that there will not be a massive short squeeze in the short term, and catalysts related to Trump may only appear after the inauguration ceremony on January 20.'
Arthur Hayes, co-founder of BitMEX, stated in a recent blog post (Sasa) that he expects the cryptocurrency market to peak in mid-March and then undergo a severe correction. He advises investors to sell in late Q1 and wait for improved liquidity conditions in Q3.
