Odaily Planet Daily News: Nexo's latest Dispatch report discusses Bitcoin's breakthrough of $100000, Ethereum's gaining attention, and Solana's potential resistance at the beginning of 2025 due to a surge in market activity.
Analysts believe that Bitcoin reaching $100000 could become a key support zone, with $2 billion flowing into spot ETFs in early January further consolidating this support level. Historical trends indicate that Bitcoin may further rise in January, having previously risen by 20-30% during this period. The report also indicates that institutional investors such as MicroStrategy will continue to increase their holdings of Bitcoin.
The report states that Ethereum is also expected to achieve growth, thanks to the increasing number of long-term holders (currently accounting for over 75% of investors) and strong inflows of spot ETFs. These trends, coupled with the high leverage of the futures market, indicate an optimistic attitude towards this asset by 2025.
However, Solana's development trajectory is still uncertain, and although technical indicators suggest a bullish trend, there may be a sell-off.
At the same time, the broader cryptocurrency market is facing volatility due to the unlocking of $7 billion in tokens this month, and daily releases of assets such as Solana and Dogecoin (DOGE) are expected to affect short-term price trends.
The report emphasizes that macroeconomic factors such as US labor market statistics are important factors affecting the demand for cryptocurrencies, especially the demand for Bitcoin.
