The cryptocurrency market experienced great volatility today. While Bitcoin and altcoins were rapidly losing value, investors became uneasy. In particular, the rise of China-based artificial intelligence startup DeepSeek threatens US technology stocks.
Leading Cryptocurrency Bitcoin and Ethereum
Bitcoin price has fallen by 3% in the last 24 hours and is currently trading at $101,239. BTC, which fell to the lowest level of $ 100,721 during the day, forces investors to be cautious. The market dominance of the leading cryptocurrency increased by 0.36%. Analyst Ali Martinez announced that he set a target of $ 122,000 for Bitcoin. According to Coinglass data, $57 million worth of liquidation took place in BTC. This decline is attributed to uncertainty in the market ahead of the upcoming FOMC meeting.
Ethereum followed Bitcoin, losing 5% and currently trading at $3,172. Its lowest level during the day was $ 3,161 and its highest level was $ 3,359. The market-wide bearish trend has also affected Ethereum, with $30 million in liquidations recorded today. However, as of January 24, Ethereum ETFs experienced net inflows of $139.32 million. This shows that investors are still optimistic about their long-term prospects.
XRP and Solana
XRP price has fallen by 5% in the last 24 hours and is currently trading at $2.99. The lowest level during the day was recorded as $ 2.95. XRP’s fall below $3 caused serious concerns among investors. During this process, approximately 5 million dollars of liquidation occurred.
Solana (SOL) price fell 10% to $233.18. SOL, which peaked at $259.63 during the day, was among the assets most affected by the market-wide decline. According to the latest data, $10 million worth of liquidations took place in Solana.
Meme Coins, Top Losers and Gainers in the Cryptocurrency Market
Dogecoin (DOGE) is down 8% in the last 24 hours and is trading at $0.327. Shiba Inu (SHIB) lost 7% in value and fell to 0.00001851 dollars. PEPE and TRUMP coins decreased by 13% and 14% respectively.
Today’s Most Profitable Cryptocurrencies
- Onyxcoin (XCN): $0.03688 (+10%)
- Jupiter (JUP): $0.9859 (+7%)
- AIOZ Network (AIOZ): $0.8133 (+4%)
Today’s Biggest Losing Cryptocurrencies
- Fartcoin (FARTCOIN): $0.9807 (-28%)
- Virtuals Protocol (VIRTUAL): $2.09 (-17%)
- HyperLiquid (HYPE): $20.67 (-15%)
