Bitcoin’s Monday Boost: Breaking $43,000 Amid Low Volatility

Bitcoin experienced a modest rise above $43,000 after a calm weekend, despite Coinbase letter indicating a decrease in selling pressure.

After a calm weekend, Bitcoin (BTC) prices rose slightly above $43,000 in Monday afternoon European time, continuing a pattern of low volatility leading up to U.S. trading hours.
With a 7% increase in the last 24 hours, Chainlink’s LINK continued its run that has seen the token reach a 22-month high, making it one of the few notable gainers among majors. Rising interest in the tokenization of real-world assets (RWA) has contributed to a more bullish feeling about LINK in recent months.

According to January’s analysis by K33 Research, LINK is the most secure investment vehicle for capitalizing on the RWA narrative’s continued growth.
The price of Ronin Network’s RON token dropped by 9 percent after Binance, the biggest cryptocurrency exchange by volume, said that it would list the tokens. This is part of a new pattern where token prices tend to crash when major exchanges announce their listings.
That being said, there are some traders who believe that the recent dips in bitcoin’s value are good opportunities to buy. They see the buying of bitcoin’s slides in the past few weeks as a bullish indication.

“In the past, it was common to apply the ‘what doesn’t rise, falls’ formula to cryptocurrencies,” noted Alex Kuptsikevich, a senior market analyst at FxPro, in an email response, “Having said that, there has been an uptick in purchasing following recent efforts to unload following a period of stability.”

Amid weakness in the Chinese markets, there was an attempt to sell the price lower at the opening of trading on Monday. But twice when BTCUSD dropped below $42,000, buyers stepped in, Kuptsikevich said, emphasizing that “buying on dips” was still a dominant trading attitude.
Traders now have to wait for the next signal that could favor volatility as prior crypto market triggers like bitcoin ETFs have already played out, the trader said.

At the same time, a letter from Friday by analysts at cryptocurrency exchange Coinbase indicated that selling pressure on bitcoin was decreasing and that macroeconomic fundamentals were in favor of bitcoin price increase.