Bitcoin, Ethereum, XRP, Dogecoin Extend Losses: ‘Proper Move’ Possibly Only By The End Of January, Trader Warns
Posted On January 9, 2025
Cryptocurrency markets are trading lower amid looming tensions of reduced expectations of Federal Reserve interest rate cuts and a potential massive BTC sell-off from the U.S. government.
| Cryptocurrency | Price | 24-Hour Gains +/- |
| Bitcoin (CRYPTO: BTC) | $91,400 | -2.7% |
| Ethereum (CRYPTO: ETH) | $3,172 | -3.2% |
| Solana (CRYPTO: SOL) | $182.4 | -6.5% |
| XRP (CRYPTO: XRP) | $2.28 | -1.4% |
| Dogecoin (CRYPTO: DOGE) | $0.3181 | -6.3% |
| Shiba Inu (CRYPTO: SHIB) | $0.00002088 | -1% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 7.6% and daily active addresses remaining relatively flat. Transactions greater than $100,000 are up from 10,613 to 11,991 in a single day. Exchanges netflows are up by 5.5%.
- Coinglass data reports 116,166 traders were liquidated in the past 24 hours for $347.45 million.
Notable Developments:
- Bhutan’s Special Administrative Region Announces Strategic Reserve Consisting Of Bitcoin, Ethereum, BNB Coin: Bhutan Is Open To Other Cryptos, Says Changpeng ‘CZ’ Zhao
- Bitcoin ETFs’ First Year Delivers Massive Returns As 2025 Brings Questions
- Bitcoin, Ethereum ETFs See $742 Million In Outflows, Supply Shock Unlikely In …
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