New Bitcoin rate record

Bitcoin closed January 2025 at $102,175 on the Binance cryptocurrency exchange. In other words, this is what the cryptocurrency’s exchange rate was at midnight on 1 February. Thus BTC recorded a level above 100 thousand for the first time at the end of the month.

Here is the moment of closing the month with the first cryptocurrency.

15-minute chart of the Bitcoin exchange rate on the Binance exchange

And this is how the monthly chart of the Bitcoin exchange rate looks like.

Monthly chart of the Bitcoin exchange rate on the Binance exchange

The first cryptocurrency was able to maintain this level despite the serious news from the United States, which affected the financial markets. We are talking about Donald Trump’s decision to impose 25 per cent customs duties on goods from Canada and Mexico, and 10 per cent for China. This adds uncertainty to the economic situation and makes traders cautious.

This is evident in the rates of the largest crypto assets by market capitalisation. Still, over the last 24 hours, all of them issued a drawdown at one level or another.

Bitcoin’s fear and greed index has fallen over the last 24 hours. Despite this, it is still at the greed level, which indicates the desire of BTC holders to open new trading positions.

Bitcoin Investors’ Fear and Greed Index chart

However, some players saw no reason for cryptocurrency investors to be negative. Here is a comment on the matter by analyst Axel Kibar, as quoted by Cointelegraph.

Every 1 per cent correction with panic and predictions of a crash is not a sign of a market peak, in my opinion. A market peak is accompanied by euphoria and disbelief in even a short-term correction.

However, it is worth noting that only the largest assets collapsed slightly. At the same time, smaller altcoins – and especially meme tokens – have recorded minus tens of per cent over the past week. Here is the corresponding chart.

The largest meme tokens by market capitalisation

Which means that holders of such coins have reason to doubt the current bullrun.

Although it is still possible to explain this behaviour of tokens: their collapse was amplified by the recent launch of Donald Trump’s meme token a fortnight ago. The latter was actively growing for several days and thus pulled liquidity out of the digital asset market. Simply put, investors were selling their alts to buy TRUMP.

However, when the latter stopped growing as well, the scale of the market collapse was more significant. As a result, the downside of such investors accumulated quite seriously.

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What will happen to the Bitcoin exchange rate next?

BTC ended January with a gain of 9.29 percent. This is noticeably higher than the cryptocurrency’s average growth rate for the month, which is 3.81 percent.

Bitcoin exchange rate changes by month

That said, February is historically a better month for Bitcoin. The average growth rate in the last month of winter is 14.42 percent.

The situation was commented on by Pav Hundal, a leading analyst of the cryptocurrency platform Swyftx. He believes that bears are now finding it increasingly difficult to hold their own positions even with minor market drawdowns. Here’s the line.

The air for bears is now becoming increasingly thin. We expect Bitcoin to hit new highs by the end of the quarter.

Here’s what Fyodor Matviev, head of analytics platform CryptoRank, had to say.

This time we’re once again facing February right after the halving, and every previous such period has been accompanied by significant growth. If history suggests anything, BTC may be preparing for a major move.

Whether this is actually the case will become clear in the coming weeks. However, analysts at the Bernstein platform still believe that the bullrun in the industry will continue, and the peak for Bitcoin will be the $200,000 level.

Investment director of the Bitwise platform Matt Hogan

A similar forecast the day before was confirmed by the representative of the investment fund Bitwise Matt Hogan. According to him, the version of 200 thousand per BTC at the end of 2025 also remains in force.


The cryptocurrency market is not behaving in the best way, but Bitcoin continues to maintain the level of 100 thousand dollars. Judging by the timings of previous bullruns, the crypto should still have time to grow. However, the real state of affairs will be clear in practice.


There are more interesting things in our crypto chat. We look forward to seeing you there.

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