Crypto Market Cap Drops 5.35% as Bitcoin Nears $90,000
The total cryptocurrency market capitalization has decreased by 5.35%, currently standing at $3.24 trillion, with Bitcoin trading at approximately $94,789 after a drop to nearly $90,000.
Wallet Activity and Crypto Sentiment
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<li The first ten days of 2025 showed significant price volatility in the crypto market.
- Bitcoin: +102K
- Ethereum: +645K
- XRP: +58K
- Cardano: +2.8K
- Dogecoin: +29K
- Chainlink: -3.3K
<li The number of crypto holders has changed markedly, reflecting investor confidence and rising FUD.
<li Non-empty wallets increased as follows:
The increase in wallets for most top altcoins indicates long-term investor confidence, while Chainlink's decline suggests growing concern.
Ethereum Price Recovery Targets $3,500
Ethereum has shown signs of recovery, generating three consecutive bullish candles over the past 12 hours. A potential breakout above the $3,300 mark is anticipated, with a 3.50% surge noted.
Key levels to monitor:
- 23.60% Fibonacci level: Targeting break above
- Potential resistance at $3,546
- If bearish, support around $3,100 may be tested
XRP Bullish Trends
XRP has experienced a 1.64% intraday recovery, currently priced at $2.30. It is approaching local resistance with a bullish flag pattern forming on the daily chart.
Forecasted breakout levels:
- Targeting 50% Fibonacci level at $4.68