[Weekend movement]Bitcoin, movement to try $ 25,000 | coindesk JAPAN | coin desk Japan

Bitcoin (BTC) is testing $25,000. What does it take to climb to $30,000?

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● CoinDesk Market Index (CMI): 1,133, -0.4%
Bitcoin: $24,364, -1.2%
Ethereum: $1,682, -0.7%

● S&P500: 4,079.09, -0.3%
Gold: $1,847, +0.3%

The United States is closed for “Presidents’ Day”, but the week has started in Asia, and after 14:00 Japan time on the 20th, Bitcoin dropped about 1.5% to around $24,439, and Ethereum (ETH) It is near $1,686, down about 1.2%.

Bitcoin is up over 11% and Ethereum is up about 9% over the last week. Layer 1 tokens such as Solana (SOL), Polkadot (DOT) and Polygon (MATIC) also saw double-digit gains of 20%, 19% and 18.5% respectively.

Dogecoin (DOGE) rose 5%, while Shiba Inu Coin (SHIB) rose 4%.

BitBull Capital’s Joe DiPasquale says $23,000 is Bitcoin’s new support and the next week will be crucial for Bitcoin to rise above $30,000.

“It was important to recapture $23,000 for Bitcoin to rise further. As February draws to a close, another bullish February close will see Bitcoin test $30,000. will be necessary for

In the short term, DiPasquale believes the decline will be limited and that prices will remain flat if not up.

Cryptocurrency trading giant Coinbase will report earnings this week, but the results are not expected to be very positive. As U.S. regulators seek to block access to banks in the cryptocurrency industry, Coinbase executives will likely make some comments on the matter.

｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
｜Image: CoinDesk
｜Original: First Mover Asia: Bitcoin Opens the Week Testing $25K