• bitcoinBitcoin (BTC) $ 108,062.00
  • ethereumEthereum (ETH) $ 2,534.66
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.26
  • bnbBNB (BNB) $ 660.83
  • solanaSolana (SOL) $ 149.03
  • usd-coinUSDC (USDC) $ 0.999902
  • tronTRON (TRX) $ 0.286499
  • dogecoinDogecoin (DOGE) $ 0.167259
  • staked-etherLido Staked Ether (STETH) $ 2,533.54
  • cardanoCardano (ADA) $ 0.576793
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 108,015.00
  • hyperliquidHyperliquid (HYPE) $ 38.69
  • wrapped-stethWrapped stETH (WSTETH) $ 3,063.54
  • bitcoin-cashBitcoin Cash (BCH) $ 497.17
  • suiSui (SUI) $ 2.86
  • chainlinkChainlink (LINK) $ 13.30
  • leo-tokenLEO Token (LEO) $ 9.03
  • stellarStellar (XLM) $ 0.246802
  • avalanche-2Avalanche (AVAX) $ 17.86
  • usdsUSDS (USDS) $ 0.999827
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • wrapped-eethWrapped eETH (WEETH) $ 2,716.39
  • the-open-networkToncoin (TON) $ 2.73
  • hedera-hashgraphHedera (HBAR) $ 0.156417
  • wethWETH (WETH) $ 2,535.50
  • litecoinLitecoin (LTC) $ 85.87
  • whitebitWhiteBIT Coin (WBT) $ 45.02
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • moneroMonero (XMR) $ 313.82
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 108,065.00
  • ethena-usdeEthena USDe (USDE) $ 0.999829
  • polkadotPolkadot (DOT) $ 3.35
  • bitget-tokenBitget Token (BGB) $ 4.30
  • uniswapUniswap (UNI) $ 7.39
  • aaveAave (AAVE) $ 280.22
  • pepePepe (PEPE) $ 0.000010
  • daiDai (DAI) $ 1.00
  • pi-networkPi Network (PI) $ 0.454412
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • okbOKB (OKB) $ 48.12
  • bittensorBittensor (TAO) $ 318.84
  • aptosAptos (APT) $ 4.41
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • jito-staked-solJito Staked SOL (JITOSOL) $ 181.10
  • nearNEAR Protocol (NEAR) $ 2.14
  • internet-computerInternet Computer (ICP) $ 4.75
  • ethereum-classicEthereum Classic (ETC) $ 16.44
  • crypto-com-chainCronos (CRO) $ 0.080358
  • ondo-financeOndo (ONDO) $ 0.775686
  • susdssUSDS (SUSDS) $ 1.06
  • usd1-wlfiUSD1 (USD1) $ 0.999746
  • kaspaKaspa (KAS) $ 0.074985
  • fasttokenFasttoken (FTN) $ 4.44
  • mantleMantle (MNT) $ 0.562364
  • gatechain-tokenGate (GT) $ 15.56
  • cosmosCosmos Hub (ATOM) $ 4.03
  • bonkBonk (BONK) $ 0.000023
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.669363
  • vechainVeChain (VET) $ 0.020232
  • official-trumpOfficial Trump (TRUMP) $ 8.53
  • skySky (SKY) $ 0.079067
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.183815
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 108,013.00
  • render-tokenRender (RENDER) $ 3.13
  • arbitrumArbitrum (ARB) $ 0.327232
  • ethenaEthena (ENA) $ 0.254755
  • quant-networkQuant (QNT) $ 106.70
  • filecoinFilecoin (FIL) $ 2.26
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,535.66
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.47
  • algorandAlgorand (ALGO) $ 0.174203
  • worldcoin-wldWorldcoin (WLD) $ 0.864876
  • usdtbUSDtb (USDTB) $ 0.999901
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998198
  • kucoin-sharesKuCoin (KCS) $ 11.04
  • sei-networkSei (SEI) $ 0.250983
  • binance-staked-solBinance Staked SOL (BNSOL) $ 158.12
  • usdt0USDT0 (USDT0) $ 1.00
  • jupiter-exchange-solanaJupiter (JUP) $ 0.432539
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,656.04
  • nexoNEXO (NEXO) $ 1.21
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,889.45
  • spx6900SPX6900 (SPX) $ 1.25
  • flare-networksFlare (FLR) $ 0.016254
  • fartcoinFartcoin (FARTCOIN) $ 1.10
  • celestiaCelestia (TIA) $ 1.56
  • xdce-crowd-saleXDC Network (XDC) $ 0.066775
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999937
  • injective-protocolInjective (INJ) $ 10.41
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • blockstackStacks (STX) $ 0.642717
  • sonic-3Sonic (S) $ 0.305817
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.50
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,705.70
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,661.82
  • optimismOptimism (OP) $ 0.540057
  • pax-goldPAX Gold (PAXG) $ 3,337.08
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.014703
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 107,942.00
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 107,859.00
  • paypal-usdPayPal USD (PYUSD) $ 0.999830
  • story-2Story (IP) $ 3.10
  • wbnbWrapped BNB (WBNB) $ 660.77
  • kaiaKaia (KAIA) $ 0.149840
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,667.55
  • clbtcclBTC (CLBTC) $ 109,014.00
  • dogwifcoindogwifhat (WIF) $ 0.831689
  • tether-goldTether Gold (XAUT) $ 3,329.37
  • the-graphThe Graph (GRT) $ 0.082408
  • flokiFLOKI (FLOKI) $ 0.000083
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 167.21
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.24
  • immutable-xImmutable (IMX) $ 0.412449
  • vaultaVaulta (A) $ 0.485856
  • msolMarinade Staked SOL (MSOL) $ 194.90
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,735.46
  • ousgOUSG (OUSG) $ 111.71
  • curve-dao-tokenCurve DAO (CRV) $ 0.511311
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.74
  • theta-tokenTheta Network (THETA) $ 0.679747
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998124
  • lido-daoLido DAO (LDO) $ 0.721228
  • jito-governance-tokenJito (JTO) $ 1.86
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • galaGALA (GALA) $ 0.013976
  • zcashZcash (ZEC) $ 38.51
  • ethereum-name-serviceEthereum Name Service (ENS) $ 18.45
  • wrapped-hypeWrapped HYPE (WHYPE) $ 38.60
  • iotaIOTA (IOTA) $ 0.155828
  • bittorrentBitTorrent (BTT) $ 0.00000061
  • saros-financeSaros (SAROS) $ 0.226957
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 107,722.00
  • the-sandboxThe Sandbox (SAND) $ 0.241393
  • usual-usdUsual USD (USD0) $ 0.997745
  • jasmycoinJasmyCoin (JASMY) $ 0.011965
  • raydiumRaydium (RAY) $ 2.14
  • aerodrome-financeAerodrome Finance (AERO) $ 0.671376
  • super-oethSuper OETH (SUPEROETH) $ 2,535.12
  • tbtctBTC (TBTC) $ 107,720.00
  • newton-projectAB (AB) $ 0.008386
  • pendlePendle (PENDLE) $ 3.36
  • walrus-2Walrus (WAL) $ 0.399480
  • syrupMaple Finance (SYRUP) $ 0.512215
  • falcon-financeFalcon USD (USDF) $ 1.00
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,705.13
  • pyth-networkPyth Network (PYTH) $ 0.094915
  • tezosTezos (XTZ) $ 0.519566
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,534.63
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,657.37
  • flowFlow (FLOW) $ 0.323982
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 108,064.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,533.92
  • decentralandDecentraland (MANA) $ 0.260286
  • true-usdTrueUSD (TUSD) $ 0.997060
  • bitcoin-svBitcoin SV (BSV) $ 24.72
  • coredaoorgCore (CORE) $ 0.485351
  • ripple-usdRipple USD (RLUSD) $ 0.999742
  • venomVenom (VENOM) $ 0.229388
  • staked-hypeStaked HYPE (STHYPE) $ 38.63
  • apecoinApeCoin (APE) $ 0.599048
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999901
  • chain-2Onyxcoin (XCN) $ 0.013602
  • thorchainTHORChain (RUNE) $ 1.32
  • heliumHelium (HNT) $ 2.46
  • dexeDeXe (DEXE) $ 7.66
  • beldexBeldex (BDX) $ 0.061088
  • apenftAPENFT (NFT) $ 0.00000044
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004338
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.167359
  • usddUSDD (USDD) $ 0.999598
  • morphoMorpho (MORPHO) $ 1.34
  • kavaKava (KAVA) $ 0.392289
  • based-brettBrett (BRETT) $ 0.041932
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • usdbUSDB (USDB) $ 1.00
  • reserve-rights-tokenReserve Rights (RSR) $ 0.006982
  • starknetStarknet (STRK) $ 0.110186
  • stader-ethxStader ETHx (ETHX) $ 2,694.37
  • movementMovement (MOVE) $ 0.149578
  • dydx-chaindYdX (DYDX) $ 0.512759
  • neoNEO (NEO) $ 5.38
  • compound-governance-tokenCompound (COMP) $ 40.37
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.999333
  • mog-coinMog Coin (MOG) $ 0.00000096
  • elrond-erd-2MultiversX (EGLD) $ 13.17
  • conflux-tokenConflux (CFX) $ 0.072367
  • build-onBUILDon (B) $ 0.366677
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,536.84
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 107,754.00
  • ecasheCash (XEC) $ 0.000018
  • deepDeepBook (DEEP) $ 0.143784
  • aioz-networkAIOZ Network (AIOZ) $ 0.302698
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 1.00
  • ether-fiEther.fi (ETHFI) $ 0.953034
  • kaitoKAITO (KAITO) $ 1.46
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.12
  • axie-infinityAxie Infinity (AXS) $ 2.11
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,796.04

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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