{"id":1872,"date":"2024-10-30T15:02:37","date_gmt":"2024-10-30T15:02:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1872"},"modified":"2024-10-30T15:02:37","modified_gmt":"2024-10-30T15:02:37","slug":"bitcoin-could-hit-101694-by-january-says-10x-research","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1872","title":{"rendered":"Bitcoin Could Hit $101,694 By January, Says 10x Research"},"content":{"rendered":"<div>\n<p>A new suggests that <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) may surge to $101,694 by January 27, 2025, buoyed by strong market momentum and increasing <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41596516\/bitcoin-clips-71-500-as-wall-street-etf-inflows-fuel-bullish-momentum-whats-next\">institutional demand through spot ETFs<\/a>.<\/p>\n<p><strong>What Happened: <\/strong>The report, by 10x Research, highlights Bitcoin\u2019s resilience as it reached a six-month high, a milestone that has historically led to a median three-month return of +40%. If this trend holds, Bitcoin is expected to cross the $100,000 mark early next year.<\/p>\n<p>&#8220;We&#8217;re seeing Bitcoin absorb market energy from altcoins, much like a gravitational black hole,&#8221; 10x Research analysts noted. <\/p>\n<p>Bitcoin dominance, the percentage of the total crypto market cap that Bitcoin represents, has climbed from 38% to 58%, its highest level since April 2021. <\/p>\n<p>This dominance signals a &#8220;powerful gravitational pull&#8221; within the crypto ecosystem, where Bitcoin is increasingly viewed as a safer, more reliable asset compared to altcoins, especially those lacking substantial use cases.<\/p>\n<p>The report attributes this growing momentum partly to the ongoing surge in <a href=\"https:\/\/www.benzinga.com\/topic\/bitcoin-etf\">Bitcoin spot ETFs<\/a>, which accumulated $4.1 billion in October 2024 alone.<\/p>\n<p>Spot ETFs added an additional $830 million in Bitcoin just last night, bringing their five-day total to $2.1 billion, reinforcing Bitcoin&#8217;s demand from institutional investors. <\/p>\n<p>\u201cWith spot ETF demand going parabolic, Bitcoin is set &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41627152\/bitcoin-could-hit-101-694-by-january-says-10x-research\" alt=\"Bitcoin\" could hit by january says research>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A new suggests that Bitcoin (CRYPTO: BTC) may surge to $101,694 by January 27, 2025, buoyed by strong market momentum and increasing institutional demand through spot ETFs. What Happened: The report, by 10x Research, highlights Bitcoin\u2019s resilience as it reached a six-month high, a milestone that has historically led to a median three-month return of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1872","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1872"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1872\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}