Daily Crypto Signals: BTC Below $90K, ETH Price Correction, but XRP Defies Trend

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MARKETS TREND

As Bitcoin fell below $90,000 for the first time in eight weeks and Tether revealed intentions to move its headquarters to El Salvador, crypto markets underwent notable volatility.

Daily Crypto Signals: BTC Below $90K, ETH Price Correction, but XRP Defies Trend

Concurrently, crypto exchange-traded products showed meager $47 million inflows last week, indicating a possible stop to the post-US election surge.

Latest Crypto Developments

After obtaining a digital asset service provider license, Tether, the biggest stablecoin issuer, announced intentions to relocate its activities from the British Virgin Islands to El Salvador. Emphasizing this as a “natural progression” for the business, CEO Paolo Ardoino cited El Salvador’s good legal climate and rising Bitcoin-savvy population. This news corresponds with claims that important executives, including Ardoino and COO Claudia Lagorio, have already become citizens of the Latin American country.

Total inflows of about $1 billion in institutional markets were mostly offset by $940 million in withdrawals. The varied flows imply that when macroeconomic issues take front stage once more, the post-US election excitement could be fading.

Bitcoin Dipped Under $90,000 on Selling Pressure

BTC/USD

 

Bitcoin BTC/USD fell below $90,000 and showed a 12.5% drop over seven days under great selling pressure. Deratives measures kept a neutral to pessimistic perspective throughout the slump. Exceeding the neutral region, the annualized premium of 11% shown by the Bitcoin futures monthly contracts revealed ongoing hope among market players. MicroStrategy kept up its accumulation plan, adding 2,530 BTC at an average price of $95,972, so boosting its overall holdings to 450,000 Bitcoin.

Ethereum Dips Below $3,200 Support

ETH/USD

 

Under negative influence, Ethereum ETH/USD dropped 8% on January 13 and lost its vital $3,200 support level. With $77 million in long bets destroyed, the fall set off nearly $90 million in liquidations. From its all-time high of $32 billion to $28 billion, open interest has dropped, implying traders are either short-selling or trimming long bets. Technical study suggests a possible new range low of $3,000 with support at $2,800.

XRP Tests $2.60

XRP/USD

 

XRP XRP/USD showed amazing power; on January 11, it peaked at $2.60 before a little dip to $2.45. With a market capitalization of $146 billion, the asset stays third in ranking among cryptocurrencies. Supported by a bullish breakthrough from a 42-day pennant pattern, technical study indicates possible targets of $4.00 and $8.00 in the upper time horizon. Technical target is $3.50.

Cardano Expected to Touch $3.90 in 2025?

ADA/USD

 

Cardano ADA/USD has experienced weakness lately, declining more than 16% over the previous week and trading under $1 right now. Still, the project made news with possible Ripple cooperation on RLUSD stablecoin integration. With yearly highs anticipated at $3.90, CoinCodex forecasts ADA will reach $1.80 by the end of January and maybe approach $2.50 by the end of February.

Trending Altcoins to Watch Today

SOL/USD

 

Several cryptocurrencies have showed noteworthy developments and price action:

  • Solana SOL/USD – Broke below its uptrend line, signaling potential downward movement toward $155 support
  • BNB BNB/USD – Failed to maintain position above the 20-day EMA, showing weakness near $697
  • Dogecoin DOGE/USD – Found resistance at the 20-day EMA ($0.34), with strong support at $0.30
  • Avalanche (AVAX) – Broke below support at $34.87, indicating bearish control with potential drops to $30.50
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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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