Bitcoin Rebound On U.S. Price Stabilization...XRP, Surprise Surge

U.S. PPI Records Under Expectations...BTC Rises to $97K
XRP Surges 5% After Whale Accumulation Tax Few Days Ago
SC "BTC Drops Up To Early $80K In Case Of $90K Collapsed"

Bitcoin(BTC) rebounded from the announcement of economic indicators indicating price stability in the U.S.

The U.S. producer price index(PPI) rose 0.2% month-on-month in December, falling short of market expectations. As news spread that U.S. prices are showing a stable trend, Bitcoin rebounded to $97,000.

In the case of altcoins, XRP rebounded again, leading the market atmosphere. XRP recently soared from the morning of Jan. 15 after the news that the number of whale wallets with 10 million units for 1 million XRP reached an all-time high. XRP, which began its rise at 1 a.m. on the 15th, rose 5% in just three hours to a record high of $2.68 in 2025.

Amid the rise of major altcoins XRP, other altcoins also recorded an increase of more than 10% during the day, reversing the recent steady decline.

◇Bitcoin = Bitcoin price is $97,446 at 4:30 p.m. on Jan. 15, 2025. The Bitcoin share (dominance) was 58.16%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 55.18% and 44.82%, according to the on-chain analytics platform Sigbtc.

Global bank Standard Chartered (SC), which has been disclosing its optimism about Bitcoin since last year, said, "If the $90,000 support level of Bitcoin collapses, further declines will be inevitable," adding, "In the worst case, the fall will expand to the early $80,000."

He also stressed that "the sell-off caused by short-term adjustments is likely to lead to panic cells and amplify the decline," adding, "Investor sentiment surrounding the cryptocurrency market will also shrink sharply."

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Jan. 15 was Moss Coin(MOC), which rose about 12%.

Quarkchain is a project that put forward a P2P transaction system. It was launched with an emphasis on scalability among the problems of blockchain, introducing "sharding" technology and promoting fast data processing. It uses a proof-of-stake work (PoS) consensus algorithm that combines proof-of-stake (PoW) and proof-of-stake work (PoS).

◇Fear Greed Index = The cryptocurrency fear-greed index provided by Alternative has entered the 'Greed' phase with 70 points. The Greed phase is a phase where price volatility and trading volume increase, and the price increases. As it is highly likely to form a short-term high, caution should be taken in selling.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 62.5, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of over-purchasing and over-selling of a particular asset.

권승원 기자 ksw@blockstreet.co.kr