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Reading: Cryptocurrencies Maintain Stability: Bitcoin at 94 Thousand Dollars
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EdaFace Newsfeed > Latest News > Bitcoin and BTC > Cryptocurrencies Maintain Stability: Bitcoin at 94 Thousand Dollars
Bitcoin and BTC

Cryptocurrencies Maintain Stability: Bitcoin at 94 Thousand Dollars

vitalclick
Last updated: January 11, 2025 8:29 am
5 months ago
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Contents
Performance of Bitcoin and EthereumGrayscale’s Investment StrategyWinners and Losers of the Market

Cryptocurrency markets rally for Bitcoin (BTC) following US jobs data release $94,821.2 and Ethereum (ETH) $3,303.9 maintained its stability in prices. While Bitcoin was trading around $94,000, Ethereum also remained stable. Global crypto market cap increased by nearly 1% to $3.29 trillion despite a 7% decline in trading volume.

Performance of Bitcoin and Ethereum

The lowest and highest prices of Bitcoin during the day were determined as $92,235 and $95,755, respectively. BTC, whose price at the time of writing was $ 94,203, showed an increase of 1%. It was stated that $34 million worth of inflows were made into Bitcoin ETFs. Fidelity is the leader in BTC ETF investments, investing $16.6 million. Grayscale added $13.5 million to its BTC ETF portfolio.

Although Ethereum fluctuated between $3,196 and $3,321 during the day, it is currently trading at $3,234. There was an outflow of $68 million in ETH ETFs; Fidelity has been selling ETH ETFs for the last three days. While BlackRock’s ETH ETF data is awaited, investors are waiting carefully.

Grayscale’s Investment Strategy

Grayscale, one of the leading crypto asset management firms, announced that it is evaluating 39 cryptocurrencies for future investment products. Dogecoin on this list $0.336461 There are leading altcoins such as (DOGE), BNB, Hedera (HBAR), Kaspa (KAS) and Aptos (APT). This step had a positive impact on market sentiment.



Winners and Losers of the Market

Among the top-gaining cryptocurrencies in 24 hours, Bitcoin SV (BSV) stood out with a 15% increase. Other winners included IOTA, Fantom, Algorand and Bitget Token. Among the biggest losers are AI16Z, Virtual Protocols, SPX6900, Hyperliquid and Ethena.

Meme cryptocurrencies followed Bitcoin’s price movements. Dogecoin increased by 2.3% and Shiba Inu increased by 1%. Grayscale’s idea of ​​including cryptocurrencies such as DOGE and HBAR in its investment products has increased interest in these altcoins. However, other coins such as PEPE, PENGU and WIF lost 1-2% of their value.

While there is a slight downward trend in general on the hourly charts, Bitcoin SV (BSV) attracted attention with a 1% increase in the last hour. This supported the rise of some cryptocurrencies alongside the general market trend.

As investors continue to monitor market movements, ETF inflows and outflows and Grayscale’s investment strategies are carefully monitored. Fluctuations in the crypto market may cause investors to reconsider their strategies.

The overall situation of the market continues to present significant opportunities and risks for investors. The stability of cryptocurrencies can be considered a positive sign for long-term investors. However, a decrease in trading volume may affect the liquidity of the market.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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