The expert spoke about the factors of high volatility in the crypto market this week

The digital currency market is expected to experience high volatility this week due to a large number of macroeconomic and political events in the United States. If we analyze the list of macroeconomic statistics, then it is worth noting the data on US inflation (CPI), which will be released on Tuesday. Vasily Girya, the owner and CEO of GIS Mining, told Izvestia about this on January 13.

"If the actual figures exceed the forecast of 0.3% mom, this will increase fears of a delay in the Fed rate cut and put pressure on risky assets. Indicators below the forecast will allow the crypto market to get an additional reason for growth. Investors are also focused on the expected decision of the Supreme Court on the tariffs of US President Donald Trump. Its announcement was postponed to Wednesday, January 14," he said.

Another important factor remains Trump's confrontation with the Fed. Attempts to initiate proceedings against the head of the regulator, Jerome Powell, and push through the launch of the quantitative easing (QE) program are potentially a strong growth signal for bitcoin in the long term, as they lead to an influx of liquidity. However, litigation creates uncertainty at the moment.

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According to technical analysis, the nearest historical support for the bitcoin price is at the level of $88.6 thousand, which is also where the current uptrend line for daily periods is located. From her, if there is a positive reaction from buyers this week, we can consider an increase in quotations to the $97 thousand mark. To confirm the growth from the current accumulation zone (about $90.1 thousand), today it is important for the price to gain a foothold above the value of $91.8 thousand.

"The market is ready for growth. At the same time, the industrial mining industry in Russia remains attractive to customers and investors. Today, in addition to energy—intensive blockchain computing, the field of cloud computing and artificial intelligence technology is actively developing," said Girya.

Against the background of market conditions, customers of classic bitcoin mining in the Russian jurisdiction have developed very attractive conditions for entering the market due to very comfortable prices for computing equipment, its placement, connection and maintenance. Such attractive conditions for customers are likely to remain until bitcoin confidently overcomes the $100 thousand mark.

Now in Russia there is an ideal situation for those who want to start mining bitcoin in the classic way. Prices for mining equipment, its placement in data centers, network connectivity and maintenance have dropped to a very profitable level. According to the expert, such low costs for new players are likely to last until the bitcoin exchange rate rises and becomes fixed above $100 thousand per coin.

The head of the Central Bank, Elvira Nabiullina, said on December 19 that mining cryptocurrencies is one of the additional factors contributing to the strengthening of the ruble. She explained that much of this activity remains opaque, making it difficult to accurately assess her contribution.

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