Bitcoin - Overview as of 21.01.2025

Financial and commodity markets analytics


Amid political changes

The cryptocurrency market is showing significant volatility. On Monday, January 20, bitcoin reached new highs, but then declined. Traders maintain a neutral position in anticipation of regulatory changes by the new US administration. At the same time, trading volumes increased significantly, which indicates the increased interest of market participants and a possible increase in the volatility of the instrument in the future. It is necessary to follow the market behavior carefully when the price approaches the boundaries of the range $92000-108000.