• All major coins are in decline during Asian and European hours on Thursday.
  • EOS and Chainlink are the biggest losers out of top-20 coins.

Bitcoin stays unchanged, while the vast majority of altcoins are in decline. The total market capitalization has reduced to $169 billion, down from $171 billion on Monday. The average daily trading volumes climbed to $44 billion from $39 billion the day before. 

Top-3 coins price overview:

Bitcoin stays around $9,600 ahead of the US opening, mostly unchanged since the beginning of the day and down 6% since this time on Wednesday. From the short-term perspective, the world's biggest digital coin has a downside bias, while expanding volatility increases the chances of sharp moves in either direction.

Read also: Bitcoin Price Analysis: Bart Simpson pattern implies BTC price manipulations

Ethereum staged an impressive sell-off towards $252.00. The second-largest virtual coin has lost over 2% in recent hours, and nearly 9% since this time on Wednesday. The bearish trend is gaining traction, which means, $250.00 may come into focus soon. 

Read also: Ethereum Price Analysis: ETH/USD creates double-top formation, risks further sell-off

Ripple's XRP slipped below $0.2700 to trade at $0.2660 by press time. The third-largest coin has been trading with bearish bias during Asian and European hours in sync with the market.

Read also: XRP/USD to fall off a cliff if this chart pattern plays out

The biggest market-movers:

EOS and Chainlink (LINK) are the worst-performing altcoins on a day-to-day basis. Both coins lost over 12% in the recent 24 hours. Ethereum Classic (ETC), Tron (TRX) and Litecoin (LTC) are down 10%.

The market is driven by position liquidations on large exchanges and speculative sentiments.
 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Cardano Price Forecast: ADA targets 900% bull rally, but it must clear $0.33 first

Cardano had a significant rally towards $0.355 at the beginning of 2021. After a notable dip to $0.228, bulls bought it and managed to push Cardano price to $0.33 again before a small rejection.

More Cardano News

Ethereum price aims to flush out doubters before the ultimate breakout to $2,000

Ethereum bulls bought the dip on January 11, pushing the digital asset from a low of $915 towards $1,256. The smart-contracts giant has been outperforming Bitcoin in the past 24 hours despite the negativity seen on social media.

More Ethereum News

XLM Price Prediction: Stellar consolidates ahead of a 30% move

XLM price trades at $0.291 at the time of writing after a healthy consolidation after hitting a 2021-top at $0.411. There is a high chance that XLM is about to see a massive breakout or breakdown within the next 24 hours.

More XLM News

Bitcoin Weekly Forecast: BTC price faces extreme volatility ahead of a new all-time high

Bitcoin had a wild run this week, dropping from a high of $41,350 to a low of 30,420 in less than 48 hours. The panic sell-off was stopped on its tracks at the 26-EMA on the daily chart as bulls quickly bought the dip and created a V-Shape recovery pushing BTC towards $40,100 again. 

More Bitcoin News

BEST CRYPTO BROKERS/EXCHANGES




Bitcoin Weekly Forecast: BTC price faces extreme volatility ahead of a new all-time high

Bitcoin had a wild run this week, dropping from a high of $41,350 to a low of 30,420 in less than 48 hours. 

Read the weekly forecast

BTC

ETH

XRP