Bitcoin Keeps Sideways as U.S. Tightening Fears Persisted

BTC, Altcoin Defend Price Amid Spread of Tightening Fear in Market
Depleted Good News to Boost Crypto Market...BTC Holds at $96K
Experts' Opinion Divied On Future Prospects Over BTC Price at 2025

Amid the U.S. tightening fears, the cryptocurrency market, including Bitcoin(BTC), went sideways on Feb. 14.

Currently, fears are spreading in the asset market that the U.S. Federal Reserve will freeze its key interest rate based on the recently announced U.S. January Consumer Price Index(CPI).

In particular, Fed Chairman Jerome Powell said in a recent public appearance, "The Fed's current monetary policy stance has become significantly less tight than before, and the economy remains strong," adding, "There is no need to hurry to cut the benchmark interest rate." Based on Powell's remarks, uncertainty in the asset market is spreading further.

Many Bitcoin and altcoins managed to defend their prices on the 13th as the favorable factors that will boost the cryptocurrency market were depleted on Feb. 14. While Bitcoin barely maintained the $96,000 level, many of the altcoins maintained similar price lines to Feb. 13.

◇Bitcoin = Bitcoin price is $97,015 at 4:30 p.m. on Feb. 14, 2025. The Bitcoin share(dominance) was 60.92%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 64.53% and 35.47%, according to the on-chain analytics platform Sigbtc.

With Bitcoin losing its recent upward momentum, experts' prospects surrounding Bitcoin have been mixed.

Sean Dawson, head of research at the on-chain option protocol D-live, argued that the possibility of Bitcoin reaching $125,000 in the middle of this year has risen from 41.9% to 44.4%.

On the other hand, BitMex CEO Arthur Hayes expressed his opinion that Bitcoin could fall from $70,000 to $75,000.

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Feb. 14 Jupiter(JUP), which rose about 8.11%.

Jupiter is a Solana blockchain-based decentralized exchange(DEX) aggregator, a platform that integrates DEX liquidity into one to help users find optimal trading routes and prices.

Jupiter is an in-platform governance token that supports several services such as LFG and Solana Liquid Staking JupSOL, which are decentralized launch pads, in addition to basic DeFi services such as swaps, designated price trading, and accumulated investments.

◇Fear Greed Index = The cryptocurrency fear-greed index provided by Alternative has entered the 'Fear' phase with 48 points. The neutral phase is the section where psychological resistance and support of market participants appear. It is an important decision section for future price movements.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 51.7, 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