Leggi questo articolo in Italiano
Bitcoin tries to recover $100k thanks to billion-dollar flows on ETFs
By Daniele Corno
Bitcoin price attempts $100k recovery after “crash” following FED rate cut. Billion-dollar flows on ETFs help.
Bitcoin recovers ground in early days of 2025
During the first days of January, Bitcoin again attracted capital, strongly recovering the psychological threshold of $100k, albeit briefly . The $100k level was lost following the latest FOMC on December 18, where the Fed made a new rate cut of 25 basis points.
Bitcoin’s descent from mid-December onward, accompanied by less liquidity than in previous weeks, was partly influenced by the rise in the value of the dollar. In fact, the DXY index, following the FOMC reached the highest level in 2 years, surpassing the level of 109, a price the market had not seen since November 2022.
ETFs support price with billion-dollar purchases
Growth in recent days is supported by inflows on U.S. spotETFs.
In the last two trading sessions, ETFs have seen positive flows of $908.1 million on Jan. 3 and $978.6 million on Jan. 6, respectively.
The data of the last few days thus show a first sign of reversal, after flows, with the exception of two days, were negative since Dec. 19.
Despite major buying in recent days, at the time of writing, Bitcoin is encountering the first major selling of 2025. In fact, in the last hour, sellers have used the psychological $100k level as an area of resistance, creating a 3 percent sell-off to a low in the $97,100 area.
