As of January 20, 2025, the cryptocurrency market is experiencing significant growth, influenced by recent political developments and market dynamics.

Bitcoin’s price has surged past $100,000, reaching an intraday high of $109,299.

This increase is partly attributed to President Donald Trump’s inauguration and his administration’s pro-cryptocurrency stance. President Trump has expressed intentions to support the cryptocurrency industry through potential executive orders, including establishing a U.S. crypto stockpile and implementing favorable regulations.

Ethereum (ETH) is also experiencing growth, with a current price of $3,313.3. The broader market’s positive momentum and increasing institutional adoption are contributing factors.

While the current outlook is optimistic, the cryptocurrency market remains volatile. It’s essential to stay informed about policy changes and market trends, as these can significantly impact asset values.

Learn about crypto market hours, trading activity peaks, and factors influencing your trading success in the 24/7 cryptocurrency world.

The crypto market operates 24/7, unlike traditional stock markets, giving you the flexibility to trade anytime, even during evenings, weekends, and holidays. However, most active trading tends to occur between 8 a.m. and 4 p.m. UTC, aligning with overlapping global market hours.

Why Crypto Never Closes

Cryptocurrencies are decentralized, meaning they don’t rely on central intermediaries. This allows trading to continue uninterrupted. The only exception might be when an exchange undergoes maintenance or experiences technical issues.

When’s the Best Time to Trade?

• Active Hours: Peak activity happens during U.S. trading hours due to higher volumes and liquidity. This is when institutional traders and market makers join the action, ensuring tighter spreads and better pricing.
• Volatility: Some research highlights 12 a.m. to 1 a.m. UTC as a volatile trading window, while 8 a.m. to 10 a.m. UTC on Mondays is usually less turbulent.
• Event Timing: Watch for major announcements, like regulatory updates or network halvings, as these can trigger price swings.

Pro Tip: Use Multi-Timeframe Analysis

Combine a daily chart for spotting long-term trends with a shorter (e.g., 4-hour) chart for pinpointing entries and exits. Stick to two or three timeframes to avoid overcomplication.

Final Thought

While the market is always open, optimizing your trading hours based on liquidity, volatility, and your availability can significantly improve your trading outcomes.

The cryptocurrency market is currently experiencing significant growth, with Bitcoin (BTC) trading at $108,341, Ethereum (ETH) at $3,369.66, and other major cryptocurrencies like BNB, XRP, and Cardano (ADA) also showing positive trends.

Several factors are contributing to this upward momentum:

1. Pro-Crypto U.S. Administration: The inauguration of President Donald Trump has introduced a crypto-friendly administration. Plans include establishing a strategic Bitcoin reserve and appointing crypto advocates to key positions, fostering a supportive environment for digital assets.
2. Market Optimism: Investors are optimistic about the new administration’s pro-business policies, anticipating benefits for the cryptocurrency sector. This sentiment is contributing to increased market activity and investment.
3. Analyst Predictions: Analysts forecast that Bitcoin could reach up to $400,000 in 2025, driven by favorable policies and growing institutional adoption. Ethereum is also expected to see substantial gains, with projections exceeding $6,000.

While these indicators suggest a continued rise in the crypto market, it’s essential to remain aware of potential risks, including regulatory changes and market volatility. Staying informed and exercising caution is advisable when making investment decisions.

Learn where cryptocurrency is stored, from online exchanges to hardware wallets. Understand key terms like public key, private key, and wallet, and how they work to secure your crypto assets.

Cryptocurrency isn’t stored directly in a “wallet” in the way you might think, but rather on the blockchain. The blockchain is a decentralized digital ledger where the crypto lives, linked to public and private keys. Your public key acts like an email address for crypto transactions—it’s used to send and receive funds. The private key, like a password, provides access to the funds associated with your public key. If someone gets your private key, they can access your funds.

To access these crypto assets, you’ll use a wallet, which is a software or hardware tool that manages your public and private keys. Wallets can be “hot” (internet-connected, easy access but less secure) or “cold” (offline, more secure but harder to access). For example, Trezor and Ledger offer hardware wallets, which store keys offline, providing added security. While exchanges like Coinbase let you store crypto on their platforms, many users prefer transferring their crypto to personal wallets to maintain full control over their assets—emphasizing the mantra “not your keys, not your coins.”

Discover how cryptocurrency gains value, from supply and demand dynamics to its practical utility and market sentiment. Understand the factors influencing its price, including competition, adoption, and regulation.

Cryptocurrency derives its value from a combination of factors, primarily governed by supply and demand, but also influenced by its real-world utility, scarcity, and community involvement. At the core, the value of any cryptocurrency is shaped by what people are willing to pay for it. When demand outpaces supply, prices rise—just like in any market.

Key drivers include:

1. Supply and Demand: Like any good, when demand exceeds supply, the price increases. For example, Bitcoin’s capped supply of 21 million coins supports its value as demand grows.
2. Utility and Adoption: Cryptos with practical applications—like Bitcoin for value transfer or Ethereum for decentralized apps—hold more value as they gain adoption by users and businesses.
3. Market Sentiment: Positive news, media attention, and influencers can drive demand, while regulatory concerns or negative media can depress it.
4. Scarcity: Limited supply mechanisms (e.g., Bitcoin’s fixed cap or regular burning of tokens) keep supply tight, potentially increasing value over time.
5. Governance and Regulation: Effective governance and clear regulations can stabilize a crypto’s value, while uncertainty or restrictive laws can cause volatility.

In essence, the value of cryptocurrencies comes from collective belief, just like any other asset class, whether stocks or artwork. When enough people value something, it gains worth in the market.