Waking up to the first trading day of the year, Bitcoin and altcoin investors have woken up to a sideways and partially bearish market.
The long-standing horizontal trend accompanies investors in the first days of the new year.
When we look at the global markets, we see that the US futures and European futures started the first trading day with a rise.
Dow Jones futures are trading at +0.5%, S&P 500 futures +0.65% and Nasdaq futures +0.75%.
Looking at the commodity group, on the first trading day of the year, ounce of gold and silver continues to move sideways near the negative zone, while Oil is trading at a premium of over 1%.
We see that there is no clear direction in the markets, and investors are focusing on the opening of the US stock markets at 17.30 to decide the direction in the first week of the year.
While the eyes are turned to how the US markets will start the first trading day of the year, we see that Bitcoin continues its horizontal movements at $ 47,000.
When we look at the volume of the last 24 hours, we see that the volume, which fell due to the New Year and weekend, has recovered. According to CoinmarketCap data, transaction volume in Bitcoin increased by 48% in the last 24 hours, reaching $32 billion.
With the opening of the US stock markets with buyers, we can see an upward attack in Bitcoin again.
*Not Investment Advice.