Bitcoin aimed to maintain above $105,000 at the start of Wall Street trading on January 30, following a significant miss in the US Q4 GDP data, which came in at 2.3% versus an anticipated 2.5%. This led to a decline in US dollar yields and an uptick in altcoins, with BTC/USD rising 2% on the day. The disappointing GDP results intensified focus on the Federal Reserve's monetary policy, with decreasing odds of rate hikes in the near future. Analysts noted a potential breakout for Bitcoin, positing that once above $106,500, positive sentiment in altcoins could follow. Current market conditions suggest a recovery from early weekly losses, highlighting a possible shift in trends for both Bitcoin and alternative cryptocurrencies.

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