Crypto prices today show a mixed picture. Top cryptocurrencies like Bitcoin and TRON showed strength, seeing marginal gains, while most altcoins, including Ethereum, went on a downtrend. The global crypto market cap stood at $3.03 trillion, down by 0.43% at press time. The markets are reacting to global news. Japan’s rate hold, Trump crypto moves, and BitConnect crypto fraud arrests in India all dampened the investor sentiments.
Here is everything that happened in the crypto market today based on CoinMarketCap data.
was up 0.04% in the last 24 hours. The world’s largest crypto by market cap traded at $89,874.77. Its market capitalization stood at $1.79 trillion. The token’s 5.61% weekly gain shows continued strength. BTC’s daily trading volume reached $34.11 billion.
CoinSwitch Markets Desk said, ” BTC is consolidating just below the $90,000 mark after rebounding from the $88,600-$88,800 demand zone, which continues to act as a key support area. While the move higher has stalled due to near-term supply pressure, driven by over 17,000 BTC flowing to exchanges on Jan. 20-21. Also, price holding near $90,000 suggests underlying conviction remains intact despite broader risk-off sentiment.”
The crypto exchanges’ analysts further explained, “Continued strength in gold, now approaching the $5,000 mark, alongside silver breaking above $96, once again highlights the market’s preference for hard assets due to geopolitical uncertainty. Structurally, as long as BTC holds above $89,000, price action favors consolidation over trend reversal. A decisive break above $90,000 could unlock upside, with sizable short-side liquidity stacked between $90,000-$92,000 and extending toward $93,000-$94,000.”
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