the crypto market is in a risk-off slump, struggling to shake off a week of heavy sell-offs.
The Numbers Market Cap: Holding near $3.04 trillion (down ~2% this week). Bitcoin (BTC): Hovering around $89,500. It is fighting to stay above the critical $88k support level; reclaiming $91k is the next goal for bulls. Ethereum (ETH): Trading near $2,950. Despite BlackRock's bullish long-term outlook for ETH as the "infrastructure for tokenized assets," it is currently underperforming the broader market.
Altcoins: Major assets like Solana ($128) and XRP ($1.90) are seeing slight declines, though XRP is showing resilience due to its adoption in "algorithmic profit models" by New York institutions.
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23 Jan 2926
the crypto market is in a risk-off slump, struggling to shake off a week of heavy sell-offs.
The Numbers
Market Cap: Holding near $3.04 trillion (down ~2% this week).
Bitcoin (BTC): Hovering around $89,500. It is fighting to stay above the critical $88k support level; reclaiming $91k is the next goal for bulls.
Ethereum (ETH): Trading near $2,950. Despite BlackRock's bullish long-term outlook for ETH as the "infrastructure for tokenized assets," it is currently underperforming the broader market.
Altcoins:
Major assets like Solana ($128) and XRP ($1.90) are seeing slight declines, though XRP is showing resilience due to its adoption in "algorithmic profit models" by New York institutions.