BTC/USD: Bitcoin Kicks Off Week Steady Near $93,000. What’s Next for Crypto in January?
Bears thwarted a bullish attempt to lift prices above $95,000 and now Bitcoin is back to basics. If $93,000 can be considered basics. 😓 Bitcoin Wipes Out Session Gain Bitcoin prices couldn’t live up to bulls’ expectations on Monday and dived to levels under $93,000. An initial pump vaulted the cryptocurrency to just about $96,000 per coin but that was more froth than anything — lack of fresh news and exciting developments is keeping a lid on optimism. Traders have been yearning for earnings ever since the token hit a and started unwinding its gains. 🎂 Bitcoin ETFs Turn 1 Outside the silence on the news front, there’s another event that speaks to the success of crypto. The in the US turned one year old last week. First approved on January 10, 2024 a bundle of eleven Bitcoin-native investment vehicles made it possible for ordinary investors and big money spinners to own a piece of the digital-asset world. Today, these ETFs collectively hold more than $100 billion under management. 🤵 Trump, the 47th US President Looking ahead (fairly short-term outlook), January promises to spark some volatility as Donald Trump’s inauguration approaches. Slated for January 20, the official presidential ceremony is expected to kick off a wave of bullish moves for the crypto industry. The President-elect has already picked his team of experts, executives, entrepreneurs and billionaires who are ready to usher in the next growth era for crypto.