INSUBCONTINENT EXCLUSIVE:
This rebound comes after a tumultuous period that saw the cryptocurrency briefly dip below $90,000 earlier in the week
The total cryptocurrency market cap now stands at $3.41 trillion, reflecting a 1.43% rise.The recent price action follows a pattern of
January volatility often observed in post-halving years
The release of lower-than-expected inflation data helped fuel the recovery, with the producer price index rising just 0.2% in December,
This positive economic indicator has bolstered investor confidence in risk assets like cryptocurrencies.Bitcoin Rebounds to $97,000 Amid
Market Volatility and ETF Outflows
(Photo Internet reproduction)However, the market remains cautious ahead of the Consumer Price Index (CPI) data release scheduled for January
activity continues to influence the market
On January 13, the 12 spot Bitcoin ETFs recorded $284.19 million in net outflows, marking the third consecutive day of outflows
Rebounds to $97,000 Amid Market Volatility and ETF OutflowsDespite the recent volatility, many analysts maintain a bullish long-term outlook
Tom Lee from Fundstrat predicts Bitcoin could reach $200,000 to $250,000 by the end of 2025
However, he suggests that the cryptocurrency might need to experience a correction to around $70,000 before making new highs.The crypto
implications for the sector
Investors are optimistic about potential pro-crypto stances that could further boost adoption and market growth.As Bitcoin navigates these
complex market dynamics, it continues to demonstrate resilience
