‘Running Bitcoin’: BTC Holds $90K on 17th Anniversary of Hal Finney’s Iconic Tweet

CN
21 hours ago

Bitcoin ( BTC) maintained a steady posture Jan. 10, as the asset continued to gravitate toward the $90,000 mark amidst a landscape of cautious, muted trading. This consolidation comes on the heels of a volatile week where the U.S. Supreme Court’s decision to delay its ruling on President Donald Trump’s reciprocal tariffs briefly ignited a relief rally that saw BTC lose its upward thrust almost as quickly as it gained it.

The session began with a flicker of strength as BTC opened slightly above $91,000. However, the lack of fresh catalysts forced the price into a claustrophobic range, oscillating around $90,500 for much of the day. Trading volume — a vital sign of market conviction — plummeted from its weekly average of over $40 billion to a mere $20 billion by midday EST.

Read more: Bitcoin Surges Toward $92K After Supreme Court Defers Tariff Ruling

While bitcoin remains above the critical $90,000 psychological floor, analysts suggest it is currently trapped in a “no-trade zone.” Technical indicators, including a neutral relative strength index ( RSI) of 47 and a slightly bearish MACD, signal that the explosive momentum of early January has given way to a period of distribution.

Meanwhile, one analyst, the Enigma Trader, asserts that bitcoin is hitting a pivotal junction. The analyst contrasts the heavy accumulation phase seen in December, which has now stalled, with exchange netflows that have turned positive in the last 72 hours. The Enigma Trader notes:

“We are seeing minor distribution or de-risking near the $90,000 level. While the current inflow volume is low compared to the massive outflows of December, a sustained ‘green’ netflow environment would indicate a significant buildup of sell-side pressure.”

Amidst the dry technical landscape, the global crypto community took a moment to reflect on the asset’s origins. Jan. 10 marks the 17th anniversary of the first-ever tweet to mention the cryptocurrency. Posted by the late software pioneer and early contributor Hal Finney, the iconic two-word message — “Running bitcoin” — continues to serve as a reminder of the network’s resilience.

‘Running Bitcoin’: BTC Holds $90K on 17th Anniversary of Hal Finney’s Iconic Tweet

As bitcoin navigates this current macroeconomic gridlock between $88,000 support and $93,000 resistance, the community finds irony in the fact that while the price action remains “indifferent,” the network itself is still “running” exactly as Finney and Satoshi Nakamoto intended.

  • Why is bitcoin stuck near $90K? Muted trading and a lack of fresh catalysts have trapped BTC in a tight range.
  • What triggered last week’s volatility? The U.S. Supreme Court’s tariff ruling delay briefly sparked a relief rally.
  • What do analysts see now? Indicators show distribution, with netflows hinting at rising sell‑side pressure.
  • Why is Jan. 10 significant globally? It marks 17 years since Hal Finney’s iconic “Running bitcoin” tweet.

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