Bitcoin continues its upward momentum for the seventh consecutive day, settling at $99,513 this Monday, while Ethereum consolidates its position above $3,600. This increase comes in a context of growing optimism among institutional investors and expectations linked to American regulatory developments.
Bitcoin returns to its upward trend after an end-of-year decline
The crypto market started 2025 on a positive note on Wall Street. The queen of cryptos appreciated by 1.1% this Monday morning, extending a series of seven consecutive sessions of increase. This progression follows a correction at the end of last year, where bitcoin had fallen since its all-time high of $108,244 reached in December 2024.
HC Wainwright analysts maintain an optimistic outlook, with a projection of $225,000 by the end of 2025. This forecast is based on several factors, including historical price cycles and increasing adoption by financial institutions.
The upcoming arrival of Donald Trump as president is also attracting investor attention. His administration could significantly influence the trajectory of bitcoin, with estimates ranging between $77,000 and $125,000 for the first quarter of 2025.
Ethereum Shows Signs of Strength Ahead of $4,000 Target
Ethereum is showing particularly robust momentum, currently trading at $3,681. On-chain data reveals a massive movement of 89,000 ETH (approximately $323 million) out of exchanges, signaling significant accumulation from institutional investors.
The Chaikin Money Flow technical indicator is also approaching the positive zone, suggesting increased inflows into the market. This metric, combined with significant outflows from exchanges, reinforces the thesis of a possible acceleration towards $4,000.
Ryan Lee, chief analyst at Bitget Research, identifies several positive catalysts, including the $16 billion repayment to FTX creditors initiated on January 3, which should significantly improve market liquidity.
Event-driven impacts are also in focus, particularly with FTX initiating its first round of user compensation on January 3, releasing $16 billion. This substantial injection should significantly improve market liquidity.
In short, the convergence of these technical and fundamental indicators paints an optimistic picture for the two main cryptos at the start of 2025. The next few weeks will be decisive in confirming this upward dynamic, particularly with the approach of major catalysts such as entry into office of the new American administration.
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