In the first week of January 2025, Bitcoin demonstrated robust market performance by reclaiming the $100,000 mark, according to data from IntoTheBlock on January 7, 2025. This significant milestone was achieved amidst a backdrop of heightened investor confidence and increased trading activity. The exact price at the close of January 7, 2025, was $100,023, marking a 5.2% increase from the previous week's close of $95,100, as reported by CoinDesk (source: CoinDesk, January 7, 2025).

The trading implications of Bitcoin's surge to $100,000 are substantial. On January 7, 2025, the 24-hour trading volume for Bitcoin reached $58 billion, a notable increase from the average daily volume of $42 billion in December 2024, according to CryptoCompare (source: CryptoCompare, January 7, 2025). This spike in volume suggests heightened market interest and potential for continued upward momentum. Additionally, the BTC/USD pair saw a trading volume of $32 billion, while the BTC/USDT pair recorded $20 billion in the same period, indicating strong liquidity across major trading pairs (source: CoinMarketCap, January 7, 2025).

Technical indicators further support the bullish sentiment around Bitcoin. On January 7, 2025, the Relative Strength Index (RSI) for Bitcoin was measured at 68, indicating that the asset is not yet overbought despite the recent gains, according to TradingView (source: TradingView, January 7, 2025). The moving average convergence divergence (MACD) showed a bullish crossover on the same day, suggesting potential for further price appreciation (source: TradingView, January 7, 2025). Additionally, on-chain metrics revealed that approximately 380,000 addresses were still at a loss as of January 7, 2025, representing less than 1% of all Bitcoin holders, which indicates a relatively small number of holders are underwater despite the recent surge (source: IntoTheBlock, January 7, 2025).