- Bitcoin crossed the $109,000 mark forward of Trump’s inauguration, pushed primarily by Korean market exercise.
- U.S. traders have but to contribute considerably to this rally, leaving room for additional beneficial properties.
The market has proven sustained bullish momentum over the previous week, with Bitcoin [BTC] climbing 15.06%. This upward motion intensified within the final 24 hours, gaining 2.68% and reaching its new file excessive.
Korean traders have performed a pivotal function on this rally, supported by rising market sentiment and a rise in lively Bitcoin addresses.
Insights from AMBCrypto counsel that additional upside potential stays as situations evolve.
Bitcoin hits new all-time excessive as on-chain exercise spikes
Bitcoin has reached a brand new all-time excessive, buying and selling at $109,114.88, at press time, on the twentieth of January, based on CoinMarketCap. On the time of writing, BTC’s buying and selling quantity surged by 120.34% to $110 billion. Its market capitalization climbed to $2.13 trillion.
This milestone comes simply forward of Donald Trump’s inauguration in the present day. Market optimism surrounding his perceived pro-crypto stance could also be fueling bullish sentiment.
The surge is additional supported by an 11.47% rise in lively Bitcoin addresses over the previous 24 hours. 798,140 addresses had been collaborating in on-chain transactions.
Supply: IntoTheBlock
Spikes in exercise, alongside will increase in value and buying and selling quantity, usually exhibits the potential for a sustained market rally. BTC’s momentum may acquire additional traction as traders reply to market dynamics.
Korean traders drive BTC surge
Information from CryptoQuant signifies that BTCs current excessive is carefully linked to an increase within the Bitcoin: Korea Premium Index—a metric that measures the relative power of Korean retail traders by monitoring the worth hole between South Korean exchanges and others.
The index displays market sentiment, with values above the impartial zone (0) which means bullish, and beneath this zone exhibits bearish conduct amongst Korean traders.
At press time, the index stood at 4.42, indicating a big value distinction on South Korean exchanges and powerful BTC buying exercise.
Supply: CryptoQuant
The U.S. Premium Index, evaluating Coinbase costs to different exchanges, exhibits a detrimental studying of -0.1189. This means U.S. traders are presently promoting BTC.
Though this may appear bearish, it highlights a chance for additional value beneficial properties. U.S. traders, recognized for his or her market affect, have but to enter the present rally.
If they start buying BTC following Trump’s inauguration, Bitcoin may expertise one other vital value leap.
An analogous pattern occurred on the fifth of November, when elevated U.S. participation drove BTC to its earlier all-time excessive of $108,353, following Trump’s Presidential victory.
BTC and ETH market cap hole hits file excessive
The market capitalization hole between BTC and ETH has reached an unprecedented $1.75 trillion, marking the biggest differential in historical past.
This means a big shift in investor choice towards BTC, which is now attracting extra capital in comparison with ETH, the second-largest cryptocurrency by market cap.
Supply: TradingView
Learn Bitcoin’s [BTC] Value Prediction 2025–2026
The widening hole may open a chance for traders to extend their BTC holdings or shift their focus away from ETH.
This pattern aligns with the prevailing bullish sentiment surrounding BTC, probably driving its value larger. Analysts counsel BTC may surpass $110,000 in upcoming market classes if momentum persists.
