Bitcoin strategic background from Crypto Rover | Flash news details

On January 23, 2025, Crypto Rover announced via X (previously Twitter) the next launch of the “Strategic Bitcoin Reserves”, which sparked great attention and fluctuation in the encrypted currency market (Source: X Publishing by Crypto Rover, January 23, 2025). . Immediately after this announcement, the Bitcoin price increased from $ 42,300 to $ 43,500 during the first hour (Source: Coingecko, January 23, 2025, 10:00 am – 11:00 am UDC Coordinator). The trading volume in the main stock exchanges such as Binance and Coinbase witnessed an increase of 35% during the same time frame, where Binance recorded a trading volume of 15,000 bitcoin and Coinbase at 10,000 Bitcoin (Source: Binance and Coinbase, January 23, 2025, 10). : 00 am – 11:00 AM UTC). This event also affected other encrypted currencies, as Ethereum (ETH) increased by 2 % from 2100 dollars to 2142 dollars, and LTC price increased by 1.5 % from $ 70 to $ 71 (Source: Coingecko, January 23, 2025 , 10:00). Morning – 11:00 AM UTC). The scales on the series showed a significant increase in the number of active headlines on the Bitcoin network, increasing from 800,000 to 900,000 during the same period (Source: Glassnode, January 23, 2025, 10:00 am – 11:00 am UDC Coordinator).

The declaration of strategic bitcoin reserves had immediate commercial effects through multiple trading pairs. The BTC/USD pair has witnessed a noticeable increase in fluctuations, with the price range of the hour expanded from 42,300 dollars – 42,400 dollars to $ 43,000 – $ 43,500 (Source: Coingecko, January 23, 2025, 10:00 am – 11:00 am UDC Coordinator). This fluctuation has increased trading activity on the BTC/USDT pair, with the trading volume increased by 25% to 20,000 BTC on Binance (Source: Binance Trading Data, January 23, 2025, 10:00 am – 11: 00 am UDP). The BTC/ETH pair has also witnessed a 3 % increase in size, indicating a shift in trading strategies between investors who may look forward to diversifying their property in response to the news (Source: Coingecko, January 23, 2025, 10:00 am – 11:00 am UTC ). Market morale has turned into optimism, as it is clear from the movement of fear and greed index from a neutral level of 50 to the level of greed 65 (Source: Alternative.me, January 23, 2025, 10:00 am – 11:00 am UTC Coordinator). This indicates that traders were increasingly confident of the possible positive impact of the strategic bitcoin reserve on the value of bitcoin.

Technical analysis revealed after announcing a large upward trend in Bitcoin price movement. The chart showed for each watch penetrating the bitcoin above the moving average for 50 hours at 43,000 dollars, indicating a strong upscale momentum (Source: TradingView, January 23, 2025, 11:00 am UTC Coordinator). The RSI Index (RSI) increased from 60 to 70 during the first hour, indicating that Bitcoin was entering the peak area, which may indicate a possible correction in the short term (Source: Tradingview, January 23, 2025, 11:00 am Coordinated global). The trading volume on the graph per hour increased by 40%, confirming the strength of the upward trend (Source: Coingecko, January 23, 2025, 10:00 am – 11:00 am UTC Coordinator). The Bolinger domain expanded significantly, as the upper range moved from 42,500 dollars to $ 43,600, indicating an increase in fluctuations (Source: Tradingview, January 23, 2025, at 11:00 am UTC Coordinator). The data on the series showed that the number of large transactions (more than 1000 bitcoin) increased by 20 %, indicating that institutional investors were actively participating in the market (Source: Glassnode, January 23, 2025, 10:00 am – 11:00 am timing Global).