The anticipation of U.S. retail sales data and regulatory developments in South Korea have been key factors influencing Bitcoin's price movement today. Traders are cautious as they await the retail sales figures, which could introduce further volatility into the market. Additionally, concerns have been raised in Asian crypto markets due to the potential suspension of Upbit, South Korea's largest cryptocurrency exchange, over alleged KYC violations. This has contributed to a cautious sentiment among investors. The broader market dynamics also indicate a lack of replenished bullish momentum as Bitcoin nears the significant $100,000 milestone, with sellers maintaining a dominant position.
The 2x Bitcoin Strategy ETF (BITX) experienced a modest increase, rising 0.66% to $58.30 as of 18:40 on Thursday, January 16.