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Cryptocurrencies Price Prediction: Bitcoin, Cardano & Avalanche – American Wrap 06 January

Cardano Price Analysis: 10,000 new investors acquire ADA ahead of Trump inauguration

Cardano’s price opened trading at $1.05 on Monday after consolidating below the $1.10 resistance over the last three days. On-chain data shows ADA has attracted a significant number of new buyers since the 30-day countdown to Donald Trump’s inauguration began.

Bitcoin (BTC) breaks the $100,000 level for the first time in 2025 on Monday, rallies to $101,184. Bitcoin’s price rally is likely powered by a nearly 100% increase in options trade volume in the past 24 hours, according to Coinglass data.
Bitcoin ETF flows
AVAX price breached the $40 resistance on Monday, driven by the crypto market's positive start to 2025. While on-chain data shows rising demand from large investors on the Avalanche network, technical indicators flash cautionary signals.  

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Bitcoin: Uptober or Rektober?
Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.