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This Week’s Summary
Crypto Trends for the Week of Jan. 6-12, 2025: Market Analysis and Performance
The cryptocurrency market has been on a significant downtrend that has affected most cryptocurrencies. As the first full week of 2025 comes to an end, we can see that most digital assets have been trading in the red. This current state is the consequence of major sales across the board. As a result, the market capitalization decreased by over $180 billion.Bitcoin started trading in the green during the week, as most indicators looked rosy for the king of cryptocurrencies. Notably, BTC even topped $101,000 at one point. However, things then took a turn for the worse as sell-outs started increasing. BTC’s value decreased significantly in only a few hours, as many feared a drop below $90,000. Fortunately, the situation stabilized toward the weekend, maintaining Bitcoin’s trading price a little above the $95,000 mark.Ethereum lost most of its recent gains over the past seven days. The second crypto in command moved down by over 9%. This sudden drop put it in great danger of falling below the $3,000 threshold. Therefore, instead of cheering its rise above $4,000, ETH supporters have had to settle for a $3,200 price tag.
Altcoins & DeFi
Most altcoins have been seen trading in the red, with very few exceptions. For example, XRP rose by 7%, taking its value to $2.52. However, most of the other altcoins have been trading in the opposite direction. For instance, Cardano moved down by 9%, Solana by 11%, Avalanche by 10%, Sui by 7%, and Toncoin by 5%.The memecoins have not been faring any better. For instance, Dogecoin fell down by 11%, Shiba Inu by 9%, and Pepecoin by 13%.The Metaverse sector also witnessed some notable movements over the past week. For instance, Axie Infinity moved down by 11%, Floki by 16%, Decentraland by 10%, MultiversX by 11%, and Apecoin by 16%. Meanwhile, Virtuals decreased by 31%, Render by 10%, Stacks by 11%, and The Sandbox by 7%.The DeFi sector lost more than $9 billion from the total value of locked protocols (TVL), which is now at around $118.2 billion.
What’s in the News?
Next Week’s Crypto Market Forecast
The cryptocurrency market has not been living up to the expectations many set for it at the beginning of 2025. However, veteran traders know that the recent slump may not be a cause for concern. On the contrary, this may only be a blemish in an otherwise bright trajectory that could soon see an upturn. The recent market sentiment has remained negative, but that might change next week.
About the Author
Born and raised in Romania and currently living in Spain, Iulian discovered a knack for writing from a tender age, and even won some minor awards for fiction that didn’t pay much.Iulian became a content writer in 2011, and he is still doing it to some degree of success today. He is currently specialized in cryptocurrencies, technology, online marketing, and social media. In his free time, Iulian likes reading, traveling, and watching sports. His dream is to see Bitcoin reach $100,000, just so he can tell his friends “I told you so.”More By This Author:XRP Scores A Lower High Break On Daily – ATH Next?Bitcoin Sentiment Plummets To Neutral: Reversal Signal?Ethereum Faces Crucial Test As Funding Rates Decline And $3K Level Looms
