• bitcoinBitcoin (BTC) $ 85,460.00
  • ethereumEthereum (ETH) $ 1,992.27
  • tetherTether (USDT) $ 0.999945
  • xrpXRP (XRP) $ 2.42
  • bnbBNB (BNB) $ 623.91
  • solanaSolana (SOL) $ 131.45
  • usd-coinUSDC (USDC) $ 0.999800
  • dogecoinDogecoin (DOGE) $ 0.171930
  • cardanoCardano (ADA) $ 0.704626
  • tronTRON (TRX) $ 0.229888
  • staked-etherLido Staked Ether (STETH) $ 1,992.34
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 85,316.00
  • chainlinkChainlink (LINK) $ 14.39
  • the-open-networkToncoin (TON) $ 3.65
  • leo-tokenLEO Token (LEO) $ 9.76
  • stellarStellar (XLM) $ 0.281959
  • wrapped-stethWrapped stETH (WSTETH) $ 2,389.86
  • avalanche-2Avalanche (AVAX) $ 19.56
  • usdsUSDS (USDS) $ 1.00
  • hedera-hashgraphHedera (HBAR) $ 0.184994
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • suiSui (SUI) $ 2.27
  • litecoinLitecoin (LTC) $ 91.18
  • polkadotPolkadot (DOT) $ 4.49
  • pi-networkPi Network (PI) $ 0.966124
  • bitcoin-cashBitcoin Cash (BCH) $ 325.19
  • mantra-daoMANTRA (OM) $ 6.43
  • bitget-tokenBitget Token (BGB) $ 4.91
  • wethWETH (WETH) $ 1,990.85
  • ethena-usdeEthena USDe (USDE) $ 0.999750
  • hyperliquidHyperliquid (HYPE) $ 16.07
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999246
  • wrapped-eethWrapped eETH (WEETH) $ 2,118.32
  • whitebitWhiteBIT Coin (WBT) $ 29.08
  • uniswapUniswap (UNI) $ 6.66
  • moneroMonero (XMR) $ 215.21
  • aptosAptos (APT) $ 5.68
  • susdssUSDS (SUSDS) $ 1.05
  • nearNEAR Protocol (NEAR) $ 2.75
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.16
  • daiDai (DAI) $ 0.999864
  • pepePepe (PEPE) $ 0.000007
  • okbOKB (OKB) $ 50.41
  • gatechain-tokenGate (GT) $ 23.11
  • internet-computerInternet Computer (ICP) $ 5.81
  • aaveAave (AAVE) $ 184.75
  • tokenize-xchangeTokenize Xchange (TKX) $ 34.41
  • ethereum-classicEthereum Classic (ETC) $ 17.73
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 85,494.00
  • ondo-financeOndo (ONDO) $ 0.840430
  • mantleMantle (MNT) $ 0.787778
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998043
  • official-trumpOfficial Trump (TRUMP) $ 11.48
  • crypto-com-chainCronos (CRO) $ 0.080668
  • bittensorBittensor (TAO) $ 255.94
  • vechainVeChain (VET) $ 0.024998
  • cosmosCosmos Hub (ATOM) $ 4.80
  • kaspaKaspa (KAS) $ 0.080129
  • ethenaEthena (ENA) $ 0.368340
  • filecoinFilecoin (FIL) $ 3.01
  • celestiaCelestia (TIA) $ 3.55
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.212548
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 85,020.00
  • render-tokenRender (RENDER) $ 3.40
  • fasttokenFasttoken (FTN) $ 4.03
  • sonic-3Sonic (prev. FTM) (S) $ 0.537605
  • arbitrumArbitrum (ARB) $ 0.365923
  • algorandAlgorand (ALGO) $ 0.190585
  • arbitrum-bridged-usdt-arbitrumArbitrum Bridged USDT (Arbitrum) (USDT) $ 0.999051
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • jupiter-exchange-solanaJupiter (JUP) $ 0.540190
  • story-2Story (IP) $ 5.61
  • optimismOptimism (OP) $ 0.856145
  • kucoin-sharesKuCoin (KCS) $ 11.26
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 84,935.00
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.513447
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,991.02
  • nexoNEXO (NEXO) $ 1.15
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,078.89
  • xdce-crowd-saleXDC Network (XDC) $ 0.070014
  • immutable-xImmutable (IMX) $ 0.585646
  • makerMaker (MKR) $ 1,228.67
  • bonkBonk (BONK) $ 0.000013
  • movementMovement (MOVE) $ 0.419401
  • binance-staked-solBinance Staked SOL (BNSOL) $ 137.10
  • dexeDeXe (DEXE) $ 17.28
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,253.17
  • worldcoin-wldWorldcoin (WLD) $ 0.824007
  • entangleEntangle (NTGL) $ 0.001625
  • injective-protocolInjective (INJ) $ 9.82
  • usual-usdUsual USD (USD0) $ 0.997805
  • blockstackStacks (STX) $ 0.628727
  • sei-networkSei (SEI) $ 0.192220
  • lido-daoLido DAO (LDO) $ 1.04
  • the-graphThe Graph (GRT) $ 0.096120
  • theta-tokenTheta Network (THETA) $ 0.915272
  • flare-networksFlare (FLR) $ 0.014655
  • eosEOS (EOS) $ 0.558563
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.998800
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 84,248.00
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,116.64
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.59
  • wbnbWrapped BNB (WBNB) $ 623.37
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999183
  • galaGALA (GALA) $ 0.017184
  • tether-goldTether Gold (XAUT) $ 3,030.64
  • berachain-beraBerachain (BERA) $ 6.74
  • stargate-bridged-usdc-berachainStargate Bridged USDC (Berachain) (USDC.E) $ 0.999411
  • tezosTezos (XTZ) $ 0.689934
  • the-sandboxThe Sandbox (SAND) $ 0.284637
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 85,125.00
  • bittorrentBitTorrent (BTT) $ 0.00000069
  • iotaIOTA (IOTA) $ 0.184150
  • bitcoin-svBitcoin SV (BSV) $ 33.99
  • jito-governance-tokenJito (JTO) $ 2.17
  • curve-dao-tokenCurve DAO (CRV) $ 0.504837
  • pax-goldPAX Gold (PAXG) $ 3,052.90
  • flowFlow (FLOW) $ 0.410064
  • msolMarinade Staked SOL (MSOL) $ 168.08
  • usdx-money-usdxStables Labs USDX (USDX) $ 1.00
  • kaiaKaia (KAIA) $ 0.107000
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,071.55
  • flokiFLOKI (FLOKI) $ 0.000063
  • jasmycoinJasmyCoin (JASMY) $ 0.012217
  • heliumHelium (HNT) $ 3.26
  • pyth-networkPyth Network (PYTH) $ 0.160101
  • neoNEO (NEO) $ 8.05
  • telcoinTelcoin (TEL) $ 0.006153
  • ethereum-name-serviceEthereum Name Service (ENS) $ 16.89
  • resolv-usrResolv USR (USR) $ 0.999817
  • kavaKava (KAVA) $ 0.511177
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 143.98
  • axie-infinityAxie Infinity (AXS) $ 3.35
  • honey-3Honey (HONEY) $ 1.00
  • elrond-erd-2MultiversX (EGLD) $ 18.44
  • fartcoinFartcoin (FARTCOIN) $ 0.527288
  • raydiumRaydium (RAY) $ 1.76
  • dogwifcoindogwifhat (WIF) $ 0.510976
  • dydx-chaindYdX (DYDX) $ 0.667919
  • beldexBeldex (BDX) $ 0.072751
  • true-usdTrueUSD (TUSD) $ 0.998929
  • zcashZcash (ZEC) $ 30.98
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.761338
  • decentralandDecentraland (MANA) $ 0.263478
  • roninRonin (RON) $ 0.787620
  • spx6900SPX6900 (SPX) $ 0.522093
  • pumpbtcpumpBTC (PUMPBTC) $ 83,496.00
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,116.41
  • arweaveArweave (AR) $ 7.26
  • starknetStarknet (STRK) $ 0.168964
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,991.39
  • coredaoorgCore (CORE) $ 0.457140
  • thorchainTHORChain (RUNE) $ 1.27
  • conflux-tokenConflux (CFX) $ 0.089126
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.998890
  • infrared-beraInfrared Bera (IBERA) $ 6.48
  • beam-2Beam (BEAM) $ 0.008361
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.171829
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 85,277.00
  • apenftAPENFT (NFT) $ 0.00000044
  • apecoinApeCoin (APE) $ 0.539802
  • ecasheCash (XEC) $ 0.000022
  • chilizChiliz (CHZ) $ 0.045322
  • super-oethSuper OETH (SUPEROETHB) $ 1,991.49
  • clbtcclBTC (CLBTC) $ 85,241.00
  • pendlePendle (PENDLE) $ 2.65
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,989.46
  • aerodrome-financeAerodrome Finance (AERO) $ 0.519004
  • usdbUSDB (USDB) $ 0.999093
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • axelarAxelar (AXL) $ 0.421263
  • ousgOUSG (OUSG) $ 110.41
  • olympusOlympus (OHM) $ 23.89
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.006212
  • plumePlume (PLUME) $ 0.194073
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • tbtctBTC (TBTC) $ 85,107.00
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,076.90
  • grassGrass (GRASS) $ 1.39
  • compound-governance-tokenCompound (COMP) $ 42.61
  • matic-networkPolygon (MATIC) $ 0.212428
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.895058
  • chain-2Onyxcoin (XCN) $ 0.011219
  • reserve-rights-tokenReserve Rights (RSR) $ 0.006479
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,020.86
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,999.75
  • amp-tokenAmp (AMP) $ 0.004165
  • fraxFrax (FRAX) $ 0.999339
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000064
  • lorenzo-stbtcLorenzo stBTC (STBTC) $ 84,857.00
  • cheems-tokenCheems Token (CHEEMS) $ 0.000002
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.999905
  • wormholeWormhole (W) $ 0.114575
  • gnosisGnosis (GNO) $ 127.15
  • mina-protocolMina Protocol (MINA) $ 0.268842
  • akash-networkAkash Network (AKT) $ 1.32
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 1.01
  • based-brettBrett (BRETT) $ 0.032583
  • layerzeroLayerZero (ZRO) $ 2.89

Deja Vu Grips Crypto Market as BTC Mirrors Price Action Seen After U.S. Bitcoin ETF Launch: Van Straten

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Deja Vu Grips Crypto Market as BTC Mirrors Price Action Seen After U.S. Bitcoin ETF Launch: Van Straten

Since President Trump was inaugurated on Jan. 20, bitcoin (BTC) has dropped from $109,000 to $80,000, making it a classic “sell the news” event. The correction has continued since the digital assets summit on Friday.

While the price action may dictate short-term bearishness, bitcoin bulls could view it as a long-term positive catalyst, as the U.S. administration has shifted from a hostile stance under the previous administration to a more favorable one. However, the lack of immediate buying pressure suggests short-term weakness.

A similar price action occurred during the much-anticipated launch of U.S. spot bitcoin ETFs in January 2024. From October 2023 to January 2024, bitcoin surged from $25,000 to $49,000—over a 40% rally. However, the launch marked a local top, as the price subsequently declined by 20% over the following weeks before eventually reaching new all-time highs above $73,000 in March.

This time, after President Trump won the U.S. election in November, bitcoin rallied 60%, hitting an all-time high of $109,000 in January before undergoing a nearly 30% correction.

The common pattern in both instances is that bullish news triggered a local top in bitcoin’s price, followed by a significant correction. The next variable is will bitcoin start to move higher after this correction has finished, with a lot depending on the macro landscape.

Source

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