Why is the crypto market down today?
The crypto market is experiencing a downturn today, with the total market capitalization dropping by 0.63% to $1.67 trillion as of Jan. 18. Bitcoin's market dominance has slightly increased to 48.85%, indicating a cooling off from the recent excitement surrounding spot ETFs.
The U.S. Dollar Index has shown remarkable strength, climbing from 101 in early January to 103.50 by Jan. 18. This surge is supported by robust U.S. economic data, including higher-than-expected retail sales growth in December 2023 and rising U.S. Treasury yields.
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The crypto market is experiencing a downturn today, with the total market capitalization dropping by 0.63% to $1.67 trillion as of Jan. 18. Bitcoin's market dominance has slightly increased to 48.85%, indicating a cooling off from the recent excitement surrounding spot ETFs.
The U.S. Dollar Index has shown remarkable strength, climbing from 101 in early January to 103.50 by Jan. 18. This surge is supported by robust U.S. economic data, including higher-than-expected retail sales growth in December 2023 and rising U.S. Treasury yields.
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XRP price falls near critical support level as Bitcoin and crypto market correct
The XRP price has seen a significant 10% drop this January, reflecting broader market trends and profit-booking by investors. The price of XRP now hovers near a critical support level, suggesting potential further short-term losses due to a classic bearish pattern.
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The XRP price has seen a significant 10% drop this January, reflecting broader market trends and profit-booking by investors. The price of XRP now hovers near a critical support level, suggesting potential further short-term losses due to a classic bearish pattern.
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👀 Bitcoin trader who called $48K $BTC price top flags new bearish signal
Some players flag $40,000 as the next crucial level to hold. 📉
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Some players flag $40,000 as the next crucial level to hold. 📉
“3 Day red with a break below 50 DMA. There are a few examples of this happening in the past,” trader warns.
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👀 Ethereum looks to end 18-month losing streak vs. Bitcoin
Rising confidence in $ETH takes the spotlight as Bitcoin experiences selling pressure, potentially causing the price to drop near $40,000. Let's dive into the charts. 📊
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Rising confidence in $ETH takes the spotlight as Bitcoin experiences selling pressure, potentially causing the price to drop near $40,000. Let's dive into the charts. 📊
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📉 3 reasons why $SOL price is down this week
$SOL corrected alongside the wider crypto market sell-off, but data points to more concerning reasons for the price drop.
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$SOL corrected alongside the wider crypto market sell-off, but data points to more concerning reasons for the price drop.
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Bitcoin price recovery at risk due to DXY strength, GBTC selling
Market intelligence firm Santiment maintains a positive long-term outlook for Bitcoin, despite the ETFs not having the immediate bullish effect some anticipated. The firm suggests that the initial excitement around the ETFs may have created a local peak in the market, as the approvals were largely anticipated.
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Market intelligence firm Santiment maintains a positive long-term outlook for Bitcoin, despite the ETFs not having the immediate bullish effect some anticipated. The firm suggests that the initial excitement around the ETFs may have created a local peak in the market, as the approvals were largely anticipated.
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Why is Cardano price down today?
ADA experienced a high of $0.68, a peak not seen in 20 months, around mid-December. This rally led to an overbought condition, indicated by the Relative Strength Index (RSI) surpassing 70 on the daily charts. An RSI above 70 often signals an asset being overvalued, which can lead to a trend reversal or a corrective pullback.
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ADA experienced a high of $0.68, a peak not seen in 20 months, around mid-December. This rally led to an overbought condition, indicated by the Relative Strength Index (RSI) surpassing 70 on the daily charts. An RSI above 70 often signals an asset being overvalued, which can lead to a trend reversal or a corrective pullback.
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5 things to know in Bitcoin this week
Bitcoin price action struggles after hitting two-year highs, with bulls on the back seat and $40,000 support looming closer. What's next?
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Bitcoin price action struggles after hitting two-year highs, with bulls on the back seat and $40,000 support looming closer. What's next?
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BTC price risks $40K breakdown as GBTC ETF steps up Bitcoin outflows
Bitcoin has been consistently testing the $40,000 mark, facing a potential risk of dropping below this level. Despite some stability over the weekend, there's ongoing concern about its ability to maintain this price point.
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Bitcoin has been consistently testing the $40,000 mark, facing a potential risk of dropping below this level. Despite some stability over the weekend, there's ongoing concern about its ability to maintain this price point.
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Why is Ethereum (ETH) price down today?
Ether's price has fallen 13% from $2,719 since January 12, notably breaching the $2,400 support level. This breach raises concerns about a potential drop to the $2,000 level. The $2,388 to $2,460 range was previously identified as a strong support zone for Ether.
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Ether's price has fallen 13% from $2,719 since January 12, notably breaching the $2,400 support level. This breach raises concerns about a potential drop to the $2,000 level. The $2,388 to $2,460 range was previously identified as a strong support zone for Ether.
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Crypto fund outflows reach $24.7M as GBTC selling impacts Bitcoin price
The report showed that institutional Bitcoin products experienced outflows of $24.7 million, coinciding with significant selling pressure in the crypto market influenced by the introduction of spot Bitcoin ETFs.
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The report showed that institutional Bitcoin products experienced outflows of $24.7 million, coinciding with significant selling pressure in the crypto market influenced by the introduction of spot Bitcoin ETFs.
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Bitcoin price falls to 6-week low under $40K — What’s next for BTC?
Bitcoin's value plummeted from $41,553 on January 22, marking a decrease of over 4.3% in the last 24 hours and a 9.3% fall over the past 30 days. The cryptocurrency hit a six-week low, reaching $39,450.
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Bitcoin's value plummeted from $41,553 on January 22, marking a decrease of over 4.3% in the last 24 hours and a 9.3% fall over the past 30 days. The cryptocurrency hit a six-week low, reaching $39,450.
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👀 $BTC price analysis sees $38K next if Bitcoin fails to rally bulls
Now down up to 20% versus January’s highs, BTC/USD gave little inspiration to traders, some of whom predicted new losses as liquidations mounted. Is the “big squeeze” just around the corner? 📉
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Now down up to 20% versus January’s highs, BTC/USD gave little inspiration to traders, some of whom predicted new losses as liquidations mounted. Is the “big squeeze” just around the corner? 📉
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🤔 Will Bitcoin ETF “sell the news” reaction soon fade?
Today, Arkham, a crypto intelligence firm, disclosed the transfer of 15,200 $BTC (equivalent to $590 million) from established GBTC holdings to the custodian Coinbase. 💸📊
The potential sell-off by FTX adds to the intensity of the pressure. 📉 However, the question remains: Is there room for optimism, and how sustainable is the current downward market pressure?
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Today, Arkham, a crypto intelligence firm, disclosed the transfer of 15,200 $BTC (equivalent to $590 million) from established GBTC holdings to the custodian Coinbase. 💸📊
The potential sell-off by FTX adds to the intensity of the pressure. 📉 However, the question remains: Is there room for optimism, and how sustainable is the current downward market pressure?
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Bitcoin traders target $30K–$34K price zone due to bearish BTC chart patterns
Bitcoin's price notably fell below the $40,000 threshold, reaching $38,521. This downtrend in Bitcoin's price was mirrored by other major cryptocurrencies, with Ether dropping below $2,200 and Solana briefly falling under the $80 level. Binance Coin also lost its critical support level of $300.
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Bitcoin's price notably fell below the $40,000 threshold, reaching $38,521. This downtrend in Bitcoin's price was mirrored by other major cryptocurrencies, with Ether dropping below $2,200 and Solana briefly falling under the $80 level. Binance Coin also lost its critical support level of $300.
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All eyes are on $40K Bitcoin price leading into Friday’s $4.5B BTC options expiry
Bulls were overly optimistic about the impact of the spot ETF approval on Bitcoin's price. The unexpected 15% correction in BTC's price since January 11th caught many investors off guard.
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Bulls were overly optimistic about the impact of the spot ETF approval on Bitcoin's price. The unexpected 15% correction in BTC's price since January 11th caught many investors off guard.
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💬 "Bitcoin price risks $30K over 'supercharged' inflation" — Arthur Hayes, the former CEO of crypto exchange BitMEX
While Bitcoin is still 75% up compared to a year ago, it faces a perfect storm of downside volatility catalysts this quarter, according to Hayes.
These catalysts come in several forms: the Red Sea conflict between the United States and the Houthis impacting global shipping, the U.S. Presidential Election race, and Federal Reserve policy.
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While Bitcoin is still 75% up compared to a year ago, it faces a perfect storm of downside volatility catalysts this quarter, according to Hayes.
These catalysts come in several forms: the Red Sea conflict between the United States and the Houthis impacting global shipping, the U.S. Presidential Election race, and Federal Reserve policy.
"What might be a mild increase in the rate of inflation due to increased shipping costs could be supercharged by rate cuts and the resumption of QE. The market doesn’t appreciate this fact yet, but Bitcoin does."
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Price analysis 1/24: BTC, ETH, BNB, SOL, XRP, ADA, AVAX, DOGE, DOT, LINK
The cryptocurrency market is currently undergoing a correction, with Bitcoin and several major altcoins experiencing downward pressure. Bitcoin's struggle around the $40,000 mark and Ether's drop below key support levels are indicative of a broader bearish sentiment.
👉 Read the full analysis
The cryptocurrency market is currently undergoing a correction, with Bitcoin and several major altcoins experiencing downward pressure. Bitcoin's struggle around the $40,000 mark and Ether's drop below key support levels are indicative of a broader bearish sentiment.
👉 Read the full analysis
