Cryptocurrency Price Today (January 9): Bitcoin Continues To Be Bearish, Dips Below $95,000
Cryptocurrency price on January 9 quick take: The global market cap dipped to $3.3 trillion.
Bitcoin (BTC), the world’s oldest and most valued crypto, continued on its downward trend and dipped below the $95,000 mark early Thursday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the reds across the board as overall Market Fear & Greed Index stood at 49 (Neutral) out of 100, as per CoinMarketCap data. The UNUS SED LEO (LEO) token emerged to be the top gainer, with a 24-hour jump of nearly 7 percent. dogwifhat (WIF) was the biggest loser today, with a 24-hour dip of over 10 percent.
The global crypto market cap stood at $3.3 trillion at the time of writing, registering a 24-hour dip of 1.76 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $94,488.17, registering a 24-hour loss of 2,04 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 85.52 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,331.11, marking a 24-hour dip of 0.57 percent at the time of writing. Ethereum price in India stood at Rs 3.16 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 3.16 percent, as per CoinMarketCap data, currently priced at $0.3387. Dogecoin price in India stood at Rs 33.27.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 0.92 percent. At the time of writing, it was trading at $102.16. LTC price in India stood at Rs 9,877.32.
Ripple (XRP) Price Today
XRP price stood at $2.35, seeing a 24-hour gain of 1.96 percent. Ripple price in India stood at Rs 207.21.
Solana (SOL) Price Today
Solana price stood at $194.73, marking a 24-hour loss of 0.89 percent. SOL price in India stood at Rs 18,514.61.
Top Crypto Gainers Today (January 9)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
UNUS SED LEO (LEO)
Price: $9.10
24-hour gain: 6.79 percent
XDC Network (XDC)
Price: $0.09389
24-hour gain: 5.39 percent
Monero (XMR)
Price: $196.18
24-hour gain: 4.05 percent
Kaspa (KAS)
Price: $0.1151
24-hour gain: 2.72 percent
Gate Token (GT)
Price: $18.38
24-hour gain: 2.68 percent
Top Crypto Losers Today (January 9)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
dogwifhat (WIF)
Price: $1.68
24-hour loss: 10.30 percent
Virtuals Protocol (VIRTUAL)
Price: $3.28
24-hour loss: 10.06 percent
THORChain (RUNE)
Price: $3.90
24-hour loss: 9.62 percent
Injective (INJ)
Price: $21.32
24-hour loss: 9.53 percent
Movement (MOVE)
Price: $0.8659
24-hour loss: 9.24 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin tested its key support at $92,500 before rebounding to $94,400, showing strong resilience. With the FOMC minutes indicating inflationary pressures, investors are turning cautious, waiting for a catalyst to change the market direction. Meanwhile, Bitcoin whales have accumulated over 34,000 Bitcoins since late December, showing heightened activity from institutions. Friday's U.S. non-farm payroll data and the Fed meeting later this month will influence BTC's trajectory in the next few days.”
CoinSwitch Markets Desk noted, “Bitcoin dropped to $92,500 yesterday, dragging altcoins into double-digit losses. It has since rebounded above $94,000, with $90,000 as a key support level for bulls to defend. Institutions, which sold heavily after Bitcoin’s December peak, are now buying again below $100,000, according to BlockTrends. Market sentiment hinges on whether BTC can hold steady or face further volatility.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin's recent bearish engulfing candle and fall to $92,500 serve as a reminder of increased volatility in the crypto market. On-chain metrics show that although liquidity inflows are robust, driven by expanding stablecoin supplies, macroeconomic factors such as better-than-expected US job growth weighed on prices. Bitcoin could now consolidate at levels around $90,000 and further correction, possibly toward $71,500. Meanwhile, declining momentum on Dogecoin reflects a more fundamental recalibration among investors who are increasingly prioritizing assets with practical utility over speculation opportunities.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC) is hovering around $97,000 after falling 5.17% to break below the $100,000 level. Another pullback could test the 38.2% Fibonacci retracement at $92,493. RSI at 49 signals indecision and a drop below 50 could lead to bearish momentum. Ethereum (ETH) fell 8.3% to close below its 50-day EMA at $3,446. If it falls below $3,236, the next support could be $3,000. RSI at 44 shows bearish pressure. A recovery above $3,236 could push ETH towards $4,000. Ripple (XRP) could rally if it breaks the upper boundary of its symmetrical triangle.”
Shivam Thakral, CEO of BuyUcoin, said, “In the last 24 hours, Bitcoin has seen a notable decline, slipping below $94,000, marking a slight drop amidst a broader selloff in the cryptocurrency market. This movement occurred despite a positive influx of $52 million into Bitcoin ETFs, highlighting ongoing institutional interest. The recent price fluctuations have been attributed to stronger-than-expected U.S. economic data, prompting profit-taking among investors and contributing to a shift in market sentiment. While the outlook appears bearish, many investors remain optimistic about Bitcoin's long-term prospects, suggesting that the market may stabilize and recover soon.”
Sumit Gupta, co-founder, CoinDCX, said, “Bitcoin's price dip below $95,000, marked by a bearish engulfing candle and its second-steepest fall in 19 weeks, underscores the broader market reaction to US job creation data. This resilience in the US economy has led to a recalibration of risk appetite across both equities and crypto markets. Such fluctuations are a natural part of Bitcoin’s evolution as a maturing asset class. For investors, moments like these offer a valuable opportunity to deepen their understanding of how global macroeconomic factors influence crypto markets, while reinforcing the importance of maintaining a long-term perspective in their investment strategies.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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