Today’s Crypto Price: Bitcoin price drops below $100,000; Altcoin drop by up to 11%

Bitcoin (BTC), the largest in the world Cryptocurrency In terms of market capitalization, it fell below the $100,000 level on Monday, January 27, as traders took profits following the recent rally. The decline comes shortly after former US President Donald Trump highlighted the digital asset industry as a critical driver of innovation in an executive order.

As of 12:09 AM EST, Bitcoin was down 5.4% to $99,359. Small icons like SolanaDogecoin, Swee and Cardano, which had risen in recent weeks, saw steeper declines.

“Bitcoin’s recent price action highlights the ongoing battle between bulls and bears,” said Avinash Shekhar, Co-Founder and CEO. “While short-term holders are showing cautious sentiment due to significant liquidations and volatile trading volumes, long-term holders remain bullish.” And flexible.” From B42.

Ryan Lee, senior analyst at Bitget Research, added: “Market sentiment remains mixed. Technical indicators point to a possible symmetrical triangle formation, reflecting investor hesitation. Broader economic factors, including US interest rate decisions and the upcoming FOMC meeting, are contributing. “There are likely to be fluctuations in Bitcoin price movements this week.”Read also: Union Budget 2025: The perfect moment to explore the VDA opportunity

Meanwhile, Ethereum It fell 6% to $3,144, while other major altcoins also faced losses on Monday. Solana fell 9.9%, XRP 6%, BNB 5%, Dogecoin 9.3%, Cardano 8.2%, Sui 11.6%, Shiba Inu 9%, and Chainlink 8.3%. The global cryptocurrency market capitalization fell by 5.4% to $3.42 trillion.

“Ethereum is currently trading in a range between $2,900 and $3,500, with technical analysis pointing to a neutral trend. The MACD is indicating stability, and stability above the $2,900 support could pave the way for a test of the $3,500 resistance in the near term.” . Ryan Lee.

Read also: Trump’s cryptocurrency project is dividing the industry it aims to support

The volume of all stablecoins now stands at $103.6 billion, representing 89.57% of the total 24-hour cryptocurrency market volume, according to data available on CoinMarketCap.

In the past 24 hours, the market capitalization of Bitcoin, the world’s largest cryptocurrency, fell to $1.989 trillion. Bitcoin dominance currently stands at 58.12%, according to CoinMarketCap. Bitcoin volume in the past 24 hours has increased by 88.2% to $40.88 billion.

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