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Highlights
- Bitcoin, Ether, and top coins showcase a consolidation.
- Further, meme and AI coins have illustrated a waning trajectory intraday.
- Besides, a renowned crypto analyst predicts that there won't be an alts season this cycle.
Crypto Market Today Jan 25: Cryptocurrency prices today have sparked mixed market sentiments, with BTC and top coins mainly consolidating. While Bitcoin’s price held at the $104K level as the week came to a close, Ethereum, Solana, and XRP also managed to prevent major dips.
Simultaneously, the global crypto market cap jumped nearly 1% over the past day to rest at $3.58 trillion on Saturday. However, traders appear to be cautious amid the broader market turbulence, as flagged by a 34% decrease in the intraday global market trading volume. Also, top meme coins like Dogecoin, Shiba Inu, and PEPE hovered into the red zone today. AI coins such as NEAR, ICP, and FIL have followed, mimicking a waning action.
So, let’s delve deeper into some of the most attention-nabbing cryptocurrencies for the day and their price movements on January 25.
Crypto Market Today: Market Resilient As BTC, ETH, XRP Prevent Any Major Downfall
Despite the broader market volatility brewing in recent days, Bitcoin and top assets have prevented major price downturns, although they are moving sideways and consolidating. Notably, BTC, ETH, XRP, and SOL prices were down slightly by 1%-3% from yesterday. Meme coins also witnessed a fall of roughly 2% intraday. Also, the AI Coins sector saw NEAR, ICP, and FIL mimic a similar slumping action.
Flagship Crypto At $104K Amid Broader Market Turbulence
As of press time, BTC price indicated a nearly 1% drop in value and is resting at $104,240. The flagship crypto’s 24-hour low and high were $103,805.97 and $107,098.55, respectively. Looking at the broader price chart, it can be seen that the asset is currently moving sideways, flagging a consolidation period. Nevertheless, Bitcoin’s dominance rose by 0.20% from yesterday, reaching 57.84%.
Notably, the flagship crypto consolidates and prevents a fall despite $1.24 billion worth of inflows into the spot Bitcoin ETFs, as per weekly data by SosoValue for Jan 23. Crypto market watchers continue to monitor the token for further price shifts amid market uncertainty.
Ethereum Price At $3,300 Level
ETH price witnessed a 3% dip at the time of reporting and was trading at $3,288. The cryptocurrency’s 24-hour low and high were $3,270.27 and $3,424.90, respectively. Even the broader price chart for Ethereum underscores a period of consolidation. This sideways trading session comes despite $130.14 million weekly inflows into the Ethereum ETFs as of Jan 23.
Meanwhile, crypto analyst Ali Martinez has recently posted on X, revealing that whales purchased over 1.14 million ETH in the last 48 hours. Nevertheless, traders and investors appear to be unsure of future movements amid the broader market turbulence.
XRP Price Above $3
XRP price also witnessed a fall of nearly 2% in the past 24 hours and is currently trading at $3.13. The Ripple-backed crypto’s intraday low and high were $3.09 and $3.20, respectively. Intriguingly, XRP appears to be mimicking the broader market trend, with its weekly chart pointing to a consolidation.
Solana Price Holds Above $250
Further, SOL price witnessed a substantial 6% decrease as of press time, resting at $249. The coin’s 24-hour low and high were $248.35 and $269.81, respectively. Market watchers continue to eye the token amid broader developments, such as stablecoin giant Circle’s constant minting of USDC on the Solana network. Lookonchain revealed on Saturday that Circle minted another 250 million USDC on the network.
Meme Crypto Market Shows Potential
Simultaneously, DOGE price witnessed a nearly 3% price drop in the past 24 hours and is currently trading at $0.3484. SHIB price saw a slump of over 2% in value intraday, reaching $0.00001987. Also, PEPE price tanked by 4% over the past day and is sitting at $0.00001497. Besides, other tokens such as TRUMP, BONK, and PENGU have also traded dominantly in the red zone today.
AI Cryptos Pump
Top AI crypto coins have witnessed remarkable price dips today. NEAR price cracked nearly 3% in the past 24 hours and is currently trading at $4.88. Further, ICP price also followed, down by 3% to $9. Moreover, FIL price slipped over 2% to reach $4.99. Overall, the AI cryptocurrency market has raised severe concerns as it showcased a bearish action in line with the broader market turbulence.
Top Crypto Market Gainers Today
GateToken (GT)
Price: $25.57
24-hour Gains: +11%
LidoDAO (LDO)
Price: $2
24-hour Gains: +9%
Ondo (ONDO)
Price: $1.45
24-hour Gains: +9%
KuCoin Token (KCS)
Price: $13.27
24-hour Gains: +7%
Top Crypto Market Losers Today
Official Trump (TRUMP)
Price: $29.06
24-hour Loss: -11%
SPX6900 (SPX)
Price: $1.19
24-hour Loss: -7%
Fartcoin (FARTCOIN)
Price: $1.23
24-hour Loss: -6%
dogwifhat (WIF)
Price: $1.31
24-hour Loss: -5%
Meanwhile, amid the broader crypto market volatility, analyst Ali Martinez’s recent X post has raised severe concerns among traders and investors globally. “There won’t be an alt season,” the analyst stated on Saturday.
Notably, this bearish prediction comes against the backdrop of the rising number of alt projects in the market, which appears to have impacted the supply dynamics. Ali states that “today, there are over 36.4 million altcoins, compared to fewer than 3,000 altcoins during the 2017-2018 alt season and even fewer than 500 altcoins in 2013-2014.” As a result, speculations of no alts season have also prevailed across the sector.
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- ETH Price Forecast as Grayscale’s Covered Call Ethereum ETF Spurs Optimism — Is $8,500 in Sight?
- Bitcoin Price Prediction as SEC Unveils Agenda for Crypto Regulation — Is $200K Next?
- ONDO Price Prediction Amid Bitget Collaboration on Tokenized Stocks and ETFs: Is $2 Next?
