Bitcoin, Ethereum, XRP Dogecoin Rip Higher, Trader Eyes $104,000 If This Resistance Level Breaks
Cryptocurrency markets are trading higher on Thursday as positive market sentiment rings in the new year. CryptocurrencyPrice Gains +/-Bitcoin BTC/USD $97,554.72+3.2%Ethereum ETH/USD $3,463.77 +3.3%Solana SOL/USD $207.01+7%XRP XRP/USD $2.39+3.8%Dogecoin DOGE/USD $0.3392+4.5%Shiba Inu SHIB/USD $0.00002282+5.7%Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 35.4% and daily active addresses falling by 0.06%. Transactions greater than $100,000 are down from 10,375 to 8,267 in a single day. Exchanges netflows are down by 0.2%. There are no Bitcoin holders making a loss at current prices. Coinglass data reports 75,855 traders were liquidated in the past 24 hours for $206.32 million. U.S. Spot Bitcoin ETFs are approaching the $110 billion in total holdings marking 5.7% of the total Bitcoin supply. Notable Developments: Trump Taking Office Could Spell Golden Crypto Era, Industry Hopes Terra Luna’s Do Kwon To Face Criminal Fraud Charges In US Peter Thiel’s Bubble Theory Gains Relevance As Bitcoin Hovers Around $95K: ‘Extremely Hard To Define’ Robinhood Rings In New Year With $2.5 Million Bitcoin, Dogecoin Giveaway: CEO Vlad Tenev Celebrates Customer Loyalty Top Gainers: CryptocurrencyPrice Gains +/-Fartcoin FARTCOIN/USD$1.37+45.3%DeXe DEXE/USD$19.70+31.2%Brett BRETT/USD$0.1351+11.8%Trader Notes: With Bitcoin prices moving higher, crypto trader The Cryptomist marked the next critical resistance $97,000. A breakout at this level could set up a retest of the key broken trendline near $104,000. However, the possibility of revisiting lower levels around $88,000 before reaching new all-time high remains on the table. More Crypto Online marks the next key support zone lying between $94,610 and $95,743 as Bitcoin has reached the 100% extension level. Daan Crypto Trades noted that Bitcoin has been consolidating around the $100,000 level for the past six weeks, building significant liquidity in this range. Notably, the area above this level appears primed with ample liquidity to potentially drive prices higher. He added that a key factor to watch is the performance of Bitcoin ETFs early in the year. Days with inflows of $2 billion could fuel further bullish price action. Read Next: If You Invested $1,000 In Bitcoin When The Big Bang Theory Sitcoim Mentioned It In 2017, Here’s How Much You’d Have Now Image: Shutterstock Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.