by Coinstrooper Crypto Articles
Quick Take
  • The cryptocurrency market capitalisation decreased by 0.8% over the past 24 hours, now standing at $3.05 trillion.
  • At the time of writing, 93 of the top 100 coins recorded price drops.
  • The total crypto trading volume stands at $139 billion.
  • As of Monday morning (UTC), all top 10 coins per market capitalisation have posted price drops over the past 24 hours.

What Happened

Gadi Chait, Investment Manager at Xapo Bank, commented that recent weakness in Bitcoin follows a brief recovery last week, “set against a backdrop of macroeconomic developments that have influenced risk assets broadly.”

Market Context

The crypto market is down today again. The cryptocurrency market capitalisation decreased by 0.8% over the past 24 hours, now standing at $3.05 trillion. At the time of writing, 93 of the top 100 coins recorded price drops. The total crypto trading volume stands at $139 billion.

We started the new week very much in the red. As of Monday morning (UTC), all top 10 coins per market capitalisation have posted price drops over the past 24 hours.

Bitcoin (BTC) fell by 0.7%, currently trading at $87,860. This is the smallest drop on the list,

The highest fall among the top 10 is Solana (SOL)’s 3.3% to the price of $122.

It’s followed by Dogecoin (DOGE)’s drop of 1.6%, now trading at $0.1213.

Moreover, of the top 100 coins per market cap, 93 have seen their price drop today.

MYX Finance (MYX) fell the most. It’s down 14%, now trading at $5.86.

Of the green coins, River (RIVER) stands at the top, having jumped by 43% to the price of $84.7.

“These proposals continue our progress towards an open, sustainable and competitive crypto market that people can trust,” the regulator said.

A convergence of factors drives volatility across markets. These include heightened geopolitical tensions and ongoing conflicts. Renewed focus on US strategic positioning toward Greenland and Donald Trump’s address at Davos “added to an already unsettled global environment.”

Regulatory uncertainty, especially in the US, and macroeconomic pressures add to this. “Central bank policy divergence, including expectations around further tightening by the Bank of Japan and the continued reduction of liquidity by the US Federal Reserve, continues to shape market behaviour.”

“It remains possible that Bitcoin’s response emerges later, particularly as volatility subsides. For long-term participants, however, short- to medium-term price fluctuations remain a familiar feature rather than a signal of impaired fundamentals,” Chait concluded.

Why It Matters

BTC May See Belated Reaction

Details

Crypto Winners & Losers

Ethereum (ETH) decreased by 1.5%, changing hands at $2,892.

At the same time, Tron (TRX) fell the least: 0.4% to $0.2953.

Monero (XMR) follows, with a decrease of 5.4%, currently standing at $466.

The next on the list is Algorand (ALGO), which saw an increase of 2.3% to $0.1189.

The rest are up 1.3% and less per coin.

Macro uncertainty triggered over $550 million in crypto liquidations as BTC and ETH came under pressure.

Meanwhile, the UK’s Financial Conduct Authority (FCA) moved into the final stage of consultations on a set of proposed crypto regulations. The FCA said it is seeking feedback on 10 proposed rules, describing this as the “final step” in the consultation process.

Chait says that, “amid this uncertainty, traditional commodities have rallied, while Bitcoin has underperformed. The reasons for this divergence are not yet clear, though such sequencing across asset classes is not without precedent.”

Moreover, Petr Kozyakov, Co-Founder and CEO at Mercuryo, argued that as a speculative asset, BTC has come under sustained selling pressure, and altcoins have followed suit.