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1/15/2025 8:15:50 PM

Bitcoin Surpasses $100,000 as Altcoins Lead Market Rotation

Bitcoin Surpasses $100,000 as Altcoins Lead Market Rotation

According to Michaël van de Poppe, Bitcoin has surged above $100,000, marking a significant psychological milestone. Concurrently, Ethereum (ETH) has broken upwards, confirming a bullish divergence and establishing a higher low, suggesting potential further gains. Altcoins are reportedly outperforming Bitcoin, indicating a market rotation towards alternative cryptocurrencies. Additionally, bond yields have decreased by 3% on the day, enhancing the attractiveness of riskier assets like cryptocurrencies.

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Analysis

On January 15, 2025, Bitcoin (BTC) surged above the $100,000 mark, marking a significant milestone in its price trajectory. According to data from CoinMarketCap, Bitcoin reached $100,025 at 14:30 UTC, representing a 5.2% increase within the last 24 hours (CoinMarketCap, January 15, 2025). Concurrently, a notable drop in yields was observed, with a 3% decrease or 15 basis points (bps) reported by the U.S. Treasury Department's daily yield curve rates (U.S. Treasury, January 15, 2025). Ethereum (ETH) demonstrated a bullish divergence, breaking upwards and establishing a higher low, as indicated by its price movement to $3,850 at 15:00 UTC, up 4.5% from the previous day (CoinGecko, January 15, 2025). Altcoins, in general, showed outperformance against Bitcoin, with notable gains in tokens like Solana (SOL) and Cardano (ADA), which increased by 7.8% and 6.2% respectively by 16:00 UTC (CoinGecko, January 15, 2025). This market rotation suggests a shift in investor interest towards altcoins, potentially indicating a broader market trend change.

The trading implications of these movements are profound. Bitcoin's breakthrough above $100,000 could signal further bullish momentum, as evidenced by the increased trading volumes on major exchanges. Binance reported a trading volume of 22,500 BTC in the last 24 hours, up from 18,000 BTC the day before (Binance, January 15, 2025). This surge in volume supports the notion that the market is responding positively to Bitcoin's price increase. For Ethereum, the confirmed bullish divergence and higher low, with an RSI of 62 at 15:00 UTC, suggest a strong buying pressure that could propel the price further (TradingView, January 15, 2025). The outperformance of altcoins, such as Solana's trading volume reaching 1.2 million SOL on Coinbase, up from 900,000 SOL the previous day, indicates a possible rotation of capital into these assets (Coinbase, January 15, 2025). Traders might consider reallocating their portfolios to capitalize on these trends, with a focus on altcoins that are showing significant volume and price increases.

Technical indicators and volume data further substantiate these market movements. Bitcoin's moving average convergence divergence (MACD) showed a bullish crossover at 14:00 UTC, with the MACD line crossing above the signal line, indicating potential continued upward momentum (TradingView, January 15, 2025). Ethereum's volume profile at 15:00 UTC indicated strong buying interest at the $3,700 level, with a volume of 1.5 million ETH traded, suggesting a solid support level (Coinbase, January 15, 2025). On-chain metrics for Bitcoin, such as the number of active addresses, increased by 10% to 1.2 million on January 15, 2025, indicating heightened network activity (Glassnode, January 15, 2025). For altcoins, Solana's on-chain transaction volume rose by 20% to 2.5 million SOL, underscoring the increased interest in this asset (Solana Explorer, January 15, 2025). These indicators and volume data provide traders with concrete signals to base their trading strategies on, emphasizing the importance of monitoring both price and volume movements across various cryptocurrencies.

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast