Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»BITCOIN NEWS»Key drivers of Bitcoin price recovery above $42,000 include:
BITCOIN NEWS

Key drivers of Bitcoin price recovery above $42,000 include:

By Crypto FlexsJanuary 28, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Key drivers of Bitcoin price recovery above ,000 include:
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin recently surged past $42,000. Traded below $40,000 for a few days. This market recovery is believed to be the result of a variety of factors, including: Recent revelations about the U.S. economy.

Macroeconomic factors contributing to the recent Bitcoin surge

The personal income expenditure (PCE) price index is Key inflation indicatorsReleased on January 26th, reported It was probably lower than expected. This suggests that inflation in the United States is subsiding, and experts predict that the Federal Reserve will likely scale back its aggressive monetary policy.

The Federal Reserve’s hawkish stance is known to be as follows: Negative impact on Bitcoin price and the broader cryptocurrency market. Therefore, these recent developments are positive and could be a factor in investors doubling down on their investments in the flagship cryptocurrency, triggering a price surge.

meantime, data The U.S. Treasury recently announced that the U.S. historical debt 34.1 trillion dollars. This has raised concerns about an imminent collapse of the US dollar, while also suggesting Bitcoin and other cryptocurrencies. As a sanctuary To prevent potential devaluation of the country’s currency.

Interestingly, there are a variety of financial analysts, including: Renowned economist Peter Schiff, has continued to predict an imminent collapse of the US dollar. In light of this, Financial writer Robert Kiyosaki He urged everyone to invest in Bitcoin to avoid being made poorer by government actions.

Another factor believed to have contributed to Bitcoin’s recent surge is the expiration of Deribit’s monthly BTC options contract. Considering what CryptoQuant CEO Joo Ki-young mentioned, the expiration outcome likely played a decisive role in the Bitcoin rally. pinpointed The reason for the recent decline in Bitcoin is the derivatives market.

BTC price jumps after downtrend | Source: BTCUSD on Tradingview.com

GBTC outflow slows for 4th consecutive day

GBTC in grayscale I saw There were $255.1 million outflows on January 26, continuing the recent trend of declining fund outflows. NewsBTC reported How the Bitcoin ETF saw outflows of $515 million, $429 million, and $394 million on January 23, 24, and 25, respectively.

like famous by Bloomberg analyst James SeyffartJanuary 26th was also the day with the lowest GBTC outflow since the switch to GBTC. Spot Bitcoin ​​ETF. This development suggests that investors in the fund may be reluctant to take profits. Also, the important reason is grayscale It has contributed to the selling pressure that has plagued Bitcoin recently.

As of this writing, Bitcoin is trading around $41,700, up more than 4% in the past 24 hours, according to data from CoinMarketCap.

Featured image from U.Today, chart from Tradingview.com

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Ether ETF is a comeback of $ 280 million, with bitcoin leaked stripes hit on the 5th.

August 22, 2025

Gemini file for Gemi’s NASDAQ list as a loss mount

August 16, 2025
Add A Comment

Comments are closed.

Recent Posts

Four coins to be purchased as decisions for five branch XRP ETFs will be pushed until October.

August 30, 2025

Ethereum-Based Meme Project Pepeto ($PEPETO) Surges Past $6.5M In Presale

August 29, 2025

Use Australia’s Top Cloud Mining Tools To Become A Millionaire!

August 29, 2025

Bitcoin is under pressure with gold aiming to be the highest ever.

August 29, 2025

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Pudgy Penguins

August 28, 2025

The US government checks the economic data on the chain with 60% Pyth Rocket 60% Pyth Network.

August 28, 2025

GCL Subsidiary, 2Game Digital, Partners With KuCoin Pay To Accept Secure Crypto Payments In Real Time

August 28, 2025

Tether Announces Plan To Bring USD₮ To RGB, Advancing Native Stablecoins On Bitcoin And Lightning

August 28, 2025

Ether Leeum Game Football. Fun market caps increase 10 times within two weeks.

August 28, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Four coins to be purchased as decisions for five branch XRP ETFs will be pushed until October.

August 30, 2025

Ethereum-Based Meme Project Pepeto ($PEPETO) Surges Past $6.5M In Presale

August 29, 2025

Use Australia’s Top Cloud Mining Tools To Become A Millionaire!

August 29, 2025
Most Popular

Bitcoin mining company Hut 8 appoints Asher Genoot as new CEO

February 7, 2024

Binance Invites Users to Celebrate 2024 with Special Rewards

December 3, 2024

POL soared 22.24% in 7 days, suggesting the possibility of further rise.

November 10, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.