Bitcoin - Overview as of 16.01.2025
Published on 16.01.2025 10:01
Amid the release of US inflation data, which led to a weaker dollar, bitcoin expectedly resumed its growth and reached the $100,000 mark once again. The growth of 3% overnight and more than 10% from the two-month lows recorded on January 13 inspires investors with hope. However, the area above the $10,000 price could represent meaningful resistance.
The markets' attention is now focused on a number of indicators expected to be released in the US later on Thursday. These include retail sales and labor market data.