Cryptocurrency Prices on January 10: BTC, ETH, XRP and Top Altcoins Fall Sharply Ahead of Key Employment Data

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According to today's cryptocurrency prices, the market is bearish overall, especially in the performance of Bitcoin (BTC) and major altcoins such as Ethereum (ETH) and XRP. Here are some key market dynamics:

Bitcoin (BTC)

After hitting a low of $92,000, the price of Bitcoin has rebounded slightly and is currently trading at $93,433. However, the market capitalization has fallen below $2 trillion to $1.85 trillion. This shows that market sentiment is cautious and remains focused on the upcoming US employment data.

In the past 12 hours, Bitcoin liquidated $43 million, of which $33 million came from long positions and $9 million came from short positions, indicating increased market volatility.

Ethereum (ETH)

The price of Ethereum fell by about 2.51% and is currently trading at $3,245. Its 24-hour minimum price was $3,159 and its maximum price was $3,341. Despite the short-term bearish trend, the news that Fidelity deposited 103 million ETH into Coinbase has aroused market attention and interest, which may bring new upward momentum to ETH.

XRP

XRP fell by 3% in the past 24 hours and is currently trading at $2.28. Its minimum price was $2.23 and its maximum price was $2.36. In addition, on-chain data showed that Ripple Labs transferred 300 million XRP to an anonymous wallet, and the market is worried that this move may trigger selling pressure.

Solana (SOL)

Solana continues to show a downward trend, falling by about 4% in 24 hours and is currently trading at $188. The lowest price was $182 and the highest price was $195. The token is facing downward pressure due to the overall market weakness.

Meme Coin Performance

Dogecoin (DOGE) fell 4% and is currently trading at $0.326.

Shiba Inucoin (SHIB) price rose slightly and remained around $0.00002129.

Other meme coins, such as PEPE, PENGU, and BONK, also fell by about 4% in the past 24 hours.

Despite the overall decline, some meme coins and major cryptocurrencies have recovered in the past hour. In particular, AI16Z has risen 2% in the past hour and performed the best.

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