Last night's (January 14) market action was no false alarm. Bitcoin surged all the way up, reaching a high of around $97,500, and finally closed around $97,013, with a 24-hour increase of 4.8%. It’s important to note that this is a continuation of the upward trend after already stabilizing above $96,000 earlier in the day.
Why did it rise like this? Several factors stacked and collided:
**Macro support emerged** — US CPI data showed inflation was basically stabilizing, and market concerns about interest rate hikes significantly eased. This improved sentiment directly benefited the entire risk asset sector, causing cryptocurrencies to naturally rise.
**Institutional capital is pouring in** — The inflow data into spot ETFs and exchange wallets is evident. Such sustained large-scale capital inflows usually signal institutional optimism.
**Technical breakthroughs occurred** — Bitcoin broke through a consolidation zone that had lasted over two months. Such volume-driven breakouts often trigger follow-up buying. The market’s technical structure has completely shifted to bullish, making it more attractive.
The current focus is on one number: **$100,000**. This is both a psychological barrier and a technical resistance. Many analysis institutions almost unanimously agree — if buying pressure and trading volume continue to keep pace, the probability of Bitcoin breaking this integer level within January is quite high.
Ethereum’s performance during the same period was also good, trading around $3,361, with a 24-hour increase of 6.82%.
In short, last night was a concentrated display of multiple positive factors accelerating release, technical breakthroughs igniting, and market sentiment reversing. Who can take the next step depends on the sustained effort in the coming days.
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#数字资产市场动态 $BTC
Last night's (January 14) market action was no false alarm. Bitcoin surged all the way up, reaching a high of around $97,500, and finally closed around $97,013, with a 24-hour increase of 4.8%. It’s important to note that this is a continuation of the upward trend after already stabilizing above $96,000 earlier in the day.
Why did it rise like this? Several factors stacked and collided:
**Macro support emerged** — US CPI data showed inflation was basically stabilizing, and market concerns about interest rate hikes significantly eased. This improved sentiment directly benefited the entire risk asset sector, causing cryptocurrencies to naturally rise.
**Institutional capital is pouring in** — The inflow data into spot ETFs and exchange wallets is evident. Such sustained large-scale capital inflows usually signal institutional optimism.
**Technical breakthroughs occurred** — Bitcoin broke through a consolidation zone that had lasted over two months. Such volume-driven breakouts often trigger follow-up buying. The market’s technical structure has completely shifted to bullish, making it more attractive.
The current focus is on one number: **$100,000**. This is both a psychological barrier and a technical resistance. Many analysis institutions almost unanimously agree — if buying pressure and trading volume continue to keep pace, the probability of Bitcoin breaking this integer level within January is quite high.
Ethereum’s performance during the same period was also good, trading around $3,361, with a 24-hour increase of 6.82%.
In short, last night was a concentrated display of multiple positive factors accelerating release, technical breakthroughs igniting, and market sentiment reversing. Who can take the next step depends on the sustained effort in the coming days.