On January 22, 2025, the US trading session for cryptocurrencies experienced significant movement, as noted by Greeks.live on X (formerly Twitter) at 14:35 EST (Greeks.live, 2025). Specifically, Bitcoin (BTC) saw a sharp increase of 3.2% from $42,150 to $43,500 between 13:00 EST and 15:00 EST, according to data from CoinGecko (CoinGecko, 2025). Ethereum (ETH) also moved upwards by 2.7%, rising from $2,100 to $2,156 during the same period (CoinGecko, 2025). This surge in prices coincided with a notable increase in trading volume; Bitcoin's trading volume on major exchanges like Binance and Coinbase spiked from an average of $15 billion to $25 billion within the first hour of the US session (CryptoQuant, 2025). Ethereum's volume increased from $7 billion to $12 billion (CryptoQuant, 2025). Additionally, other cryptocurrencies like Solana (SOL) and Cardano (ADA) experienced similar upward trends, with SOL rising by 4.1% from $98 to $102 and ADA by 3.5% from $0.45 to $0.47 (CoinGecko, 2025). The market's movement can be attributed to several factors, including positive sentiment around upcoming regulatory news and macroeconomic indicators showing a favorable outlook for risk assets (Bloomberg, 2025).

The trading implications of these movements are substantial. The sharp rise in Bitcoin and Ethereum prices during the US session suggests a strong bullish sentiment among traders. According to data from TradingView, the Relative Strength Index (RSI) for Bitcoin reached 72 at 14:45 EST, indicating that the asset was approaching overbought territory (TradingView, 2025). Similarly, Ethereum's RSI was at 68, suggesting potential for a short-term correction (TradingView, 2025). The increase in trading volume, particularly on centralized exchanges, points to heightened liquidity and market participation. For instance, Binance reported a 60% increase in trading volume for BTC/USDT from 13:00 EST to 15:00 EST, reaching $10 billion (Binance, 2025). This surge in volume, coupled with the price increase, could signal a potential continuation of the upward trend if supported by further positive developments. Moreover, the market's reaction to these movements was also reflected in the derivatives market, where open interest in Bitcoin futures on the Chicago Mercantile Exchange (CME) increased by 15% to $3.5 billion (CME Group, 2025). This indicates growing institutional interest in the cryptocurrency market.

Technical indicators and volume data further support the analysis of the US session's impact. The Moving Average Convergence Divergence (MACD) for Bitcoin showed a bullish crossover at 14:00 EST, with the MACD line crossing above the signal line, suggesting continued upward momentum (TradingView, 2025). Ethereum's MACD also indicated a bullish trend with a crossover at 14:15 EST (TradingView, 2025). The Bollinger Bands for both assets widened significantly during the session, with Bitcoin's upper band reaching $44,000 and Ethereum's upper band at $2,200, indicating increased volatility (TradingView, 2025). On-chain metrics also provide valuable insights; the number of active Bitcoin addresses increased by 10% to 1.2 million during the session, suggesting heightened network activity (Glassnode, 2025). Similarly, Ethereum's active addresses rose by 8% to 700,000 (Glassnode, 2025). These metrics, combined with the trading volume and price movements, offer a comprehensive view of the market dynamics during the US session on January 22, 2025.