'Spectacular bust' for stocks: 5 things to watch in Bitcoin this week

Cointelegraph

Published Jan 25, 2021 03:44AM ET

Updated Jan 26, 2021 06:00AM ET

Bitcoin (BTC) starts a new week with $30,000 reconfirmed as support but also a fresh vote of no confidence from the mainstream.

After a more or less steady weekend, the largest cryptocurrency remains firmly in its established trading corridor: between $30,000 and $40,000. What’s next?

Bitcoin macro correlation chart. Source: Digital Assets Data
U.S. dollar currency index (DXY) 1-hour candle chart. Source: TradingView
Grayscale Bitcoin holdings vs. BTC/USD chart. Source: CryptoQuant
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
ETH/USD vs. ETH/BTC 1-day candle chart (Bitstamp). Source: TradingView

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