{"id":34897,"date":"2025-01-15T09:40:17","date_gmt":"2025-01-15T06:40:17","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=34897"},"modified":"2025-01-15T09:24:09","modified_gmt":"2025-01-15T06:24:09","slug":"bitcoin-and-altcoins-make-sharp-reversal-whats-happening","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-and-altcoins-make-sharp-reversal-whats-happening\/","title":{"rendered":"Bitcoin and Altcoins Make Sharp Reversal: What&#8217;s Happening?"},"content":{"rendered":"<p>In the last 24 hours, the cryptocurrency world has been akin to a journey through a stormy sea. Bitcoin, which had dropped below $90,000 just yesterday, suddenly surpassed the psychological level of $95,000 this morning and even approached $97,000. So, what is driving this dramatic change? Singapore-based analysis firm <strong>QCP Capital<\/strong> has been trying to uncover the mystery behind this surge.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-145465 size-full\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/01\/BTCUSDT_2025-01-14_16-04-27_c3309.png\" alt=\"\" width=\"1812\" height=\"842\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-and-altcoins-make-sharp-reversal-whats-happening\/#Changing_Expectations_and_Economic_Data\" title=\"Changing Expectations and Economic Data\">Changing Expectations and Economic Data<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-and-altcoins-make-sharp-reversal-whats-happening\/#The_Trump_Factor_His_Influence_on_Crypto\" title=\"The Trump Factor: His Influence on Crypto\">The Trump Factor: His Influence on Crypto<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-and-altcoins-make-sharp-reversal-whats-happening\/#Volatility_and_Uncertainty_Continue\" title=\"Volatility and Uncertainty Continue\">Volatility and Uncertainty Continue<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Changing_Expectations_and_Economic_Data\"><\/span>Changing Expectations and Economic Data<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to <strong>QCP Capital&#8217;s<\/strong> analysis, one of the main reasons behind Bitcoin&#8217;s rise is the release of the US <strong>Producer Price Index (PPI)<\/strong> data. The PPI data came in lower than expected, reinforcing investor expectations that high interest rates would not persist in the short term. This could increase interest in <strong>cryptocurrencies<\/strong>. A low PPI indicates that inflation is under control, which could lead to a bullish movement in the cryptocurrency market.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Trump_Factor_His_Influence_on_Crypto\"><\/span>The Trump Factor: His Influence on Crypto<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/static.euronews.com\/articles\/stories\/08\/94\/42\/06\/1200x675_cmsv2_9f86a805-14ca-5cc7-a559-6558c9e776fa-8944206.jpg\" alt=\"bitcoin\" width=\"1200\" height=\"675\" \/><\/p>\n<p>Analysts are not solely attributing Bitcoin&#8217;s revival to economic data. Interestingly, they are also seeing the upcoming political atmosphere in the US and the possibility of <strong>Donald Trump&#8217;s<\/strong> return to the presidency as key factors.<\/p>\n<hr \/>\n<p><strong><em>You Might Be Interested In: <a href=\"https:\/\/coinengineer.net\/blog\/elon-musk-shared-that-memecoin-flew-up-500\/\">Elon Musk Shared, That Memecoin Flew: Up 500%!<\/a><\/em><\/strong><\/p>\n<hr \/>\n<p>Trump&#8217;s influence on <strong>cryptocurrencies<\/strong> is based on the potential removal of pressures applied by previous administrations. Analysts believe that with Trump&#8217;s return to the presidency, a <strong>crypto-friendly<\/strong> policy could be adopted. For instance, the controversial <strong>SAB 121<\/strong> accounting rules and the challenges that banks face in offering cryptocurrency services could be wiped out by Trump with a single stroke.<\/p>\n<p>The <strong>QCP Capital<\/strong> report notes: \u201cIt\u2019s likely that Trump will take crypto-friendly steps from his first day in office. The cancellation of SAB 121 and providing more space for markets will further support this positive atmosphere.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Volatility_and_Uncertainty_Continue\"><\/span>Volatility and Uncertainty Continue<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin&#8217;s recent price movement reflects the volatility in the market. Analysts suggest that market participants are remaining cautious in the face of uncertainties, such as the US Congress&#8217;s veto of <strong>SAB 121<\/strong> and <strong>Joe Biden&#8217;s<\/strong> decision to block it.<\/p>\n<p>Additionally, the <strong>volatility index (VIX)<\/strong> is currently at 18.6. This indicates that the fluctuating movements in the markets are likely to continue for some time. <strong>QCP Capital<\/strong> mentions that this volatility throughout January may create both opportunities and risks for investors.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the last 24 hours, the cryptocurrency world has been akin to a journey through a stormy sea. Bitcoin, which had dropped below $90,000 just yesterday, suddenly surpassed the psychological level of $95,000 this morning and even approached $97,000. So, what is driving this dramatic change? Singapore-based analysis firm QCP Capital has been trying to<\/p>\n","protected":false},"author":28,"featured_media":31573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[11035,563,61,552,842,9450,9352,11036,2702,11034],"class_list":["post-34897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-altcoin-reversal","tag-altcoins","tag-bitcoin","tag-bitcoin-price","tag-btc-price","tag-crypto-investing","tag-crypto-surge","tag-crypto-volatility","tag-cryptocurrency-market","tag-trump-effect"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin and Altcoins Make Sharp Reversal: What&#039;s Happening? - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-and-altcoins-make-sharp-reversal-whats-happening\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin and Altcoins Make Sharp Reversal: What&#039;s Happening? - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"In the last 24 hours, the cryptocurrency world has been akin to a journey through a stormy sea. 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