Cryptocurrency markets are trading higher on Friday as the stock market continues to have a bullish outlook for 2025.
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 13.1% and daily active addresses growing by 3.8%. Transactions greater than $100,000 are relatively flat. Exchanges netflows are up by 263.8%.
- Coinglass data reports 86,333 traders were liquidated in the past 24 hours for $205.67 million.
Notable Developments:
- Bitcoin ‘Much Better Than Gold’ As Reserve Asset, Says Crypto Hedge Fund Founder
- Always Pay The Tax Man: Bitcoin Investor Sentenced To Two Years For Tax Evasion On Crypto Gains
- The Top Statistics Of Bitcoin’s $100,000 ‘Monumental Milestone’
- Do You Know Warren Buffett’s Berkshire Hathaway Has Positions In This Lesser-Known Crypto-Friendly Bank? Here’s How The Stock Has Performed This Year
- Riot Platforms Acquires 5,117 Bitcoin For $510Million
Top Gainers:
Trader Notes: With Bitcoin prices reclaiming $101,000, crypto trader Titan of Crypto predicts that the 2-month RSI is implying that the crypto king typically peaks 8 to 10 months after breaking its earlier all-time high.
Crypto chart analyst Ali Martinez observed Bitcoin sitting on top of a significant support wall between $94,300 and $100,250, where 2.25 million wallets bought over 2.18 million BTC.
CryptoCon expressed skepticism about claims of a Bitcoin cycle top arriving soon, predicting that by Q1 2025, most participants in the space will have exited.
He references data indicating that the typical cycle pattern is on track, with a top expected in late 2025, suggesting strong price action ahead.
The Puell Multiple phases are reportedly aligning with previous cycles, signaling that the market is still in the early stages of a bull run. However, the trader is curious whether this outlook is based on hope or solid facts.
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