Live BTC/USD Chart

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As Bitcoin fell below $90,000 for the first time in eight weeks and Tether revealed intentions to move its headquarters to El Salvador, crypto markets underwent notable volatility.

Concurrently, crypto exchange-traded products showed meager $47 million inflows last week, indicating a possible stop to the post-US election surge.

Latest Crypto Developments

After obtaining a digital asset service provider license, Tether, the biggest stablecoin issuer, announced intentions to relocate its activities from the British Virgin Islands to El Salvador. Emphasizing this as a “natural progression” for the business, CEO Paolo Ardoino cited El Salvador’s good legal climate and rising Bitcoin-savvy population. This news corresponds with claims that important executives, including Ardoino and COO Claudia Lagorio, have already become citizens of the Latin American country.

Total inflows of about $1 billion in institutional markets were mostly offset by $940 million in withdrawals. The varied flows imply that when macroeconomic issues take front stage once more, the post-US election excitement could be fading.

Bitcoin Dipped Under $90,000 on Selling Pressure

 

Bitcoin BTC/USD fell below $90,000 and showed a 12.5% drop over seven days under great selling pressure. Deratives measures kept a neutral to pessimistic perspective throughout the slump. Exceeding the neutral region, the annualized premium of 11% shown by the Bitcoin futures monthly contracts revealed ongoing hope among market players. MicroStrategy kept up its accumulation plan, adding 2,530 BTC at an average price of $95,972, so boosting its overall holdings to 450,000 Bitcoin.

Ethereum Dips Below $3,200 Support

 

Under negative influence, Ethereum ETH/USD dropped 8% on January 13 and lost its vital $3,200 support level. With $77 million in long bets destroyed, the fall set off nearly $90 million in liquidations. From its all-time high of $32 billion to $28 billion, open interest has dropped, implying traders are either short-selling or trimming long bets. Technical study suggests a possible new range low of $3,000 with support at $2,800.

XRP Tests $2.60

 

XRP XRP/USD showed amazing power; on January 11, it peaked at $2.60 before a little dip to $2.45. With a market capitalization of $146 billion, the asset stays third in ranking among cryptocurrencies. Supported by a bullish breakthrough from a 42-day pennant pattern, technical study indicates possible targets of $4.00 and $8.00 in the upper time horizon. Technical target is $3.50.

Cardano Expected to Touch $3.90 in 2025?

 

Cardano ADA/USD has experienced weakness lately, declining more than 16% over the previous week and trading under $1 right now. Still, the project made news with possible Ripple cooperation on RLUSD stablecoin integration. With yearly highs anticipated at $3.90, CoinCodex forecasts ADA will reach $1.80 by the end of January and maybe approach $2.50 by the end of February.

Trending Altcoins to Watch Today

 

Several cryptocurrencies have showed noteworthy developments and price action:

• Solana SOL/USD – Broke below its uptrend line, signaling potential downward movement toward $155 support
• BNB BNB/USD – Failed to maintain position above the 20-day EMA, showing weakness near $697
• Dogecoin DOGE/USD – Found resistance at the 20-day EMA ($0.34), with strong support at $0.30
• Avalanche (AVAX) – Broke below support at $34.87, indicating bearish control with potential drops to $30.50