Cryptocurrency losses widened during trading on Thursday, as the crypto market value fell to its lowest levels this year, with losses worsening to exceed $370 billion in less than 3 sessions.
The market value of cryptocurrencies has fallen from its peak levels of this year 2025 on January 6, when the market capitalization rose to $3.61 trillion, to levels of $3.26 trillion today, a decline of more than 10%.
The decline in currencies coincided with a rise in the US dollar index, which is hovering near its highest levels in about two years, after a package of data was issued over two days, indicating an increase in the possibility of a slowdown in the pace of the Federal Reserve’s (the US central bank) interest rate cuts.
Today's losses
Cryptocurrencies lost nearly $80 billion during trading on Thursday, as the market value fell from $3.340 trillion to $3.260 trillion.
Yesterday's losses, which approached $220 billion, are still the largest since the wave of sharp losses that hit the markets began on the eve of trading the day before yesterday, Tuesday.
Today's cryptocurrency market volumes totaled around $160 billion, while the market saw a decline in the top 100 cryptocurrencies by 9:00 am GMT.
neutral feeling
Trader sentiment towards the crypto market has continued to decline, with risk appetite falling from extreme levels of greed on January 6 to neutral levels today.
Traders' risk appetite has decreased, according to the Crypto Fear & Greed Index, from 86 points on January 6 (very greedy) to 49 points (neutral) today, January 9.
Data from the Crypto Fear & Greed Index, which measures traders' psychology and risk appetite, showed a sharp decline of about 7 points in the past 24 hours.
Currencies Today
◄The largest and most expensive cryptocurrency, Bitcoin, fell by 3.5% to levels below $93,000, with trading of about $63 billion, while its market value reached about $1.84 trillion.
◄Ethereum, the second-largest cryptocurrency, fell by about 1.5% to $3,300, bringing its market value down to levels below $400 billion.
◄While the third largest cryptocurrency in the market, XRP, the currency of Ripple, fell by less than 1% to reach levels of $2.3, while its market value fell to levels close to $130 billion.
◄While the Binance platform currency BNB fell by 1% to reach $697, bringing its market value down to $100 billion.
◄Solana (SOL) fell 3% to $191, while its market cap dropped to $93 billion, after its losses in a week rose to 7%.
◄Dogecoin (DOGE) fell 5% to $0.33, Cardano (ADA) fell 8% to below $1, and Tron (TRAX) fell 3% to $0.244.