Crypto Price Analysis 1-14 BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, RIPPLE: XRP, ARBITRUM: ARB, FILECOIN: FIL, INJECTIVE: INJ

The post Crypto Price Analysis 1-14 BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, RIPPLE: XRP, ARBITRUM: ARB, FILECOIN: FIL, INJECTIVE: INJ appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) briefly plummeted below $90,000 on Monday, ringing alarm bells among investors as markets panicked. However, it quickly rebounded from this level to reach $92,500 and then climbed to its current level of $95,400. Despite the drop, BTC is up just over 1% in the past 24 hours.  Price action was mixed for other cryptocurrencies, with some registering notable increases while others dropped considerably. Ethereum (ETH) is down almost 2% in the past 24 hours and has declined nearly 14% over the past week. Tron (TRX), Stellar (XLM), Uniswap (UNI), and Litecoin (LTC) have also registered notable drops. Meanwhile, Solana (SOL), Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), Sui, and Toncoin (TON) have reported a jump in prices. The crypto market cap is marginally down and currently sits at $3.28 trillion.  Bitcoin (BTC) Drop Sparks Market Crash Fears  Bitcoin (BTC)’s brief plunge below $91,000 sparked significant panic in the market about an impending price crash. BTC has been in the doldrums since its post-election peak. The drop came despite Trump promising a crypto-friendly administration and making Bitcoin a central theme of his policy. Despite the promises and initial optimism, analysts are still worried about a price crash. Alex Kuptsikevich, FxPro Chief Market Analyst, stated,  “The start of the new year has not been easy for the crypto market. The next target for the bears looks to be the $88,000 area. And in a negative scenario, bitcoin will face a quick pullback to $74,000.” BTC and the crypto market have struggled to build momentum after December’s highs thanks to a string of positive economic indicators and updates, indicating the Federal Reserve will be less likely to reduce interest rates this year.  “Losing over 2% in 24 hours to $3.22 trillion, the market was back at the bottom of the consolidation range…

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