by Coinstrooper Crypto Articles
Quick Take
  • “At the same time, continued exchange outflows suggest reduced selling pressure, helping build momentum.
  • If Bitcoin manages to clear the $89,500 resistance, a decisive move towards the $100,000 mark is likely, with $87,000 emerging as a strong support level.”
  • The post Asia Market Open: Bitcoin Inches Higher, Asian Markets Gain in Year-Opening Trade appeared first on Cryptonews.

What Happened

“For the first time in months, the 30-day change in long-term holder supply has turned positive, rising by around 10,700 BTC, signalling renewed conviction among investors,” he said.

Market Context

Market snapshot

Total crypto market cap: $3.08 trillion, up 1.2%

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The post Asia Market Open: Bitcoin Inches Higher, Asian Markets Gain in Year-Opening Trade appeared first on Cryptonews.

Why It Matters

“At the same time, continued exchange outflows suggest reduced selling pressure, helping build momentum. If Bitcoin manages to clear the $89,500 resistance, a decisive move towards the $100,000 mark is likely, with $87,000 emerging as a strong support level.”

Details

Bitcoin: $88,574, up 1.2%

Ether: $3,009, up 1.2%

XRP: $1.87, up 2%

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