Bitcoin's price is surging, up 6.32% in January, potentially reaching a historic high

From Investing.com

January 6, 2025 08:30 AM:

Bitcoin (BTC) continues to lead the digital currency ecosystem with a price of $99,399.18, up by 1.6% in 24 hours, showcasing linear bullish growth since the year started. January historically sees an average growth rate of 9.55% for Bitcoin.

Six days into January, Bitcoin has already surged by 6.32%, hinting at a potential historic high compared to January 2023 when it jumped 39%. Factors like adoption of spot Bitcoin ETF products and Bitcoin whales impact the coin’s growth.

Despite volatility, BTC remains resilient with 94.82% of addresses in profit, totaling 51.21 million wallets. Traders are cautious as the coin faces a sell wall near $100,000, but a positive daily close could push it to reclaim its all-time high of $108,000.

Read more at Investing.com: Bitcoin (BTC) Price Already Outperforming This Year, Here’s How By U.Today