Bitcoin Surges Past $98K, Defying Exchange Inflows and Investor Skepticism

Rising Bitcoin Prices Defy Exchange Inflows

Bitcoin (BTC) has shown a remarkable recovery, with its price now exceeding $98,000 following the release of the US Consumer Price Index report. This represents a 6.1% increase over the past week and indicates growing optimism among investors. Despite significant inflows to exchanges on January 12, which typically signal selling pressure, BTC prices have continued to rise since January 13. According to CryptoQuant analyst KriptoBaykusV2 from TradingView's article "Rising Bitcoin Prices Defy Exchange Inflows: What Investors Need to Know," this trend suggests that either the transferred Bitcoins were not sold or market demand absorbed them effectively.

What Bitcoin Price History Predicts for February 2025

The historical performance of Bitcoin in post-halving years provides insights into potential trends for February 2025. As detailed by Mark Mason in his piece for Bitcoin Magazine titled "What Bitcoin Price History Predicts for February 2025," February has historically been one of the stronger months with an average return of 13.62%. Post-halving Februaries have seen even more impressive returns—2013 saw a gain of 62.71%, while both subsequent halving cycles also showed strong performances.

Bitcoin and Stocks Moving in Sync

A recent analysis by Yahoo Finance highlights how closely aligned bitcoin movements are with stock markets like S&P500 (^GSPC). Over the last year, as stocks rose nearly 25%, bitcoin surged around 130%. The synchronization became particularly evident after Trump's election win when both assets experienced substantial gains due largely because they reflect investor risk appetite rather than acting independently as previously thought.

$150K Target For Current Cycle Considered Low By Trader

A crypto trader believes that predicting only $150k per coin during this cycle is “absolutely silly low.” Cointelegraph reports Alex Becker’s opinion suggesting widespread adoption will push values much higher potentially reaching between $250k-$400k eventually driven primarily through increased institutional interest alongside national reserves being established globally according to their coverage entitled 'Measly $150K target...'

Sustainable Factors To Keep BTC Above $100K Permanently Identified

Catalysts such as regulatory changes enabling broader participation plus relaxed retirement investment restrictions could help maintain stable pricing above six figures long-term says another feature published via CoinTelegraph under headline ‘Bitcoin price will hold...' These developments would facilitate greater integration within traditional finance systems, thereby solidifying status akin digital gold equivalent ultimately benefiting holders worldwide amidst evolving landscape favoring cryptocurrencies increasingly.

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