Bitcoin

<ul><li>As Donald Trump’s inauguration day approaches, Bitcoin touches $100,000 and retraces.</li><li>BTC derivatives have an Open Interest of $62.53B and an Options Open Interest of $32.99B.</li><li>RSI at 56.08 and the MACD above signal line with positive histogram hints at bullish momentum.</li></ul>As President-elect Donald Trump’s inauguration day approaches, <a href="https://cryptotale.org/is-bitcoins-stellar-2024-setting-stage-for-a-brighter-2025/" rel="noopener noreferrer nofollow">Bitcoin</a> experiences massive fluctuations and then spikes to touch the $100K mark and again retraces to a low of $90K. This volatility reflects heightened market uncertainty because of the potential policy impact of the new administration. With Trump stepping into office, analysts predict continued price swings between bearish and bullish before a major trend can be confirmed.According to the data from <a href="https://www.coinglass.com/currencies/BTC" rel="noopener noreferrer nofollow">Coinglass</a>, BTC derivatives have a volume of $102.68B and an Options Volume of $3.43B. Furthermore, it also has an Open Interest of $62.53B, an Options Open Interest of $32.99B, and a Long/Short(24h) ratio of 1.0117. In the last 24-hours, about $85.10M were liquidated (Rekt), with longs accounting for $27.14M and shorts for $57.96M. These metrics reflect the heightened activity and volatility in the BTC derivatives market, reflecting cautious yet dynamic trading sentiment.Based on the Bitcoin Exchange Liquidation Map, BTC has a cumulative long-liquidation leverage of $2.96B at $88,686 and a short-liquidation leverage of $2.04B at $109,891. This indicates the number of long positions is greater than that of the short positions, hinting that traders are more optimistic about the potential growth of Bitcoin. Additionally, BTC Futures Open Interest has a total of 629.26K BTC worth $62.51B, indicating strong market activity.At the time of writing, <a href="https://cryptotale.org/oklahoma-follows-texas-plans-btc-as-state-reserve-asset/" rel="noopener noreferrer nofollow">Bitcoin</a> is trading at $98,860, an increase of 5.76% in the past seven days and a market cap of $1.95T. Its 24-hour trading volume has risen by 6.21%, reaching $57.7B. Based on the data from technical indicators like RSI and MACD, Bitcoin is currently on a bullish trend. The RSI at 56.08 indicates it is nearing overbought conditions, and the MACD line trading above the signal line represents bullish momentum. Furthermore, the positive histogram on the chart reflects strengthening upward momentum with the potential for more price gains. <a href="https://cryptotale.org/bitcoin-spikes-to-100k-as-trumps-inauguration-approaches/" rel="noopener noreferrer nofollow">Read more on CryptoTale</a> Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin Spikes to $100K as Trump’s Inauguration Approaches

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