The crypto market tumbled by $140 billion in 24 hours, with the global cap dropping from $3.61T to $3.47T. Bitcoin fell 5.50% to $99K, Ethereum dipped to $3,070, and $XRP slid 10% to $2.81. The Crypto Fear & Greed Index shifted to Neutral at 55, sparking concern.
📉 On-Chain Metrics Raise Concerns
BTC’s 30-day MVRV ratio entered a risky zone, signaling a potential deeper downturn. Liquidity pressures and cautious behavior from big players suggest the market could face further challenges in the coming days.
🤖 DeepSeek AI Rattles Markets
China’s DeepSeek AI outshone ChatGPT, shaking tech markets. Powered by Nvidia’s H800 chips, its rise impacted US stock futures. The S&P 500 dropped 1.30%, and Nasdaq slid 2.3%, reflecting broader equity market woes.
💰 Fed Policy Uncertainty Looms
Traders eye the Fed’s January 29 decision amid inflation concerns and tariff fears. CME FedWatch shows a 97.3% probability of unchanged rates, but Jerome Powell’s remarks could influence sentiment. A stronger dollar and shifting yields pose risks to crypto valuations.
💥 $880M Liquidated in One Day
Over $880M in crypto liquidations hit nearly 320K traders, with $98.46M wiped out on HTX alone. Long positions dominated the losses, leaving caution in altcoins like $SOL , $DOGE , and $ADA . Upcoming BTC and ETH options expirations may add more volatility.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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