Bitcoin bulls are trying to push the price above $95,000, altcoins show strong rebound, and Wall Street slips slightly
● Bitcoin bulls are attempting to push the price back above the $95,000 mark to regain some of the momentum lost in previous growth.
● Futures stocks linked to the Dow Jones Industrial Average rose by 67 points, or 2%, while S&P 500 futures edged up 13 points, or 0.2%, and Nasdaq 100 futures increased by 56 points, or 0.3%.
● Despite the stock's weak performance in the final trading sessions of 2024, it still brought in quite decent profits this year. The S&P 500 index rose 23% in 2024, while the Dow Jones index of 30 stocks rose nearly 13%. Driven by enthusiasm for artificial intelligence (AI) and interest rate cuts, the Nasdaq Composite Index outperformed the market with a 29% increase.
● Due to the holiday, economic data is scarce, and the trading week is shortened, but on Thursday, there will be information on weekly unemployment claims, indicating the performance of the labor market.
● Bitcoin is struggling to maintain its price above $95,000. During this period, bulls are facing significant liquidations, while bears are showing declining demand, especially when Bitcoin tests levels below $92,000.
● As bulls attempt to reclaim the $95,000 region, top assets have risen over the past two days. However, so far, BTC has not fully succeeded in breaking through this threshold, with prices still hovering below $95,000 since December 28.
● The altcoin market surged significantly yesterday.
● Ethereum (ETH) continues to fluctuate in a narrow range of $3,300 to $3,450 for the past 3,300 days. Despite other altcoins showing strong recovery yesterday, the second-largest asset in the market rose slightly below 1%, currently trading around the $3,380 mark.
