Stablecoin data aspects to ‘healthy appetite’ from bulls and imaginable Bitcoin rally to $25K

NDX
+2.18%
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USD/CNY
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BTC/USD
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Bitcoin (BTC) rallied 11% between Jan. 20 and Jan. 21, reaching the $23,000 level and shattering bears' expectations for a pullback to $20,000. Map more valuable is the circulate brought quiz from Asia-basically basically based mostly retail investors, in accordance to data from a key stablecoin top price indicator.

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Traders must always soundless point to that the tech-heavy Nasdaq 100 index also won 5.1% between Jan. 20 and Jan. 23, fueled by investors' hope in China reopening for alternate after its COVID-19 lockdowns and weaker-than-anticipated financial data within the U.S. and the Eurozone.

<em>USDC observe-to-observe vs. <span class="aqPopupWrapper js-hover-me-wrapper"><a href="https://www.investing.com/currencies/usd-cny" id="63cf7445ae7c" class="aqlink js-hover-me" hoverme="aql" data-pairid="2111">USD/CNY</a></span>. Source: OKX</em>
<em>Exchanges' prime merchants Bitcoin long-to-short ratio. Source: Coinglass</em>

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