Crypto Market Update: Bitcoin Nears $97K, Ethereum Slips Below $3.4K Amid Mixed Signals
The post Crypto Market Update: Bitcoin Nears $97K, Ethereum Slips Below $3.4K Amid Mixed Signals appeared on BitcoinEthereumNews.com. Bitcoin is holding just below $97,000, while Ethereum has dipped back under $3,400. Despite these minor pullbacks, the first week of January has been largely bullish for the cryptocurrency market, recovering from the fade seen at the end of 2024. Altcoins Outperform with Strong Gains Altcoins have been the standout performers so far in 2025. Stellar (XLM) surged by 26%, Injective (INJ) climbed 24%, and Cardano (ADA) posted a 19% gain, all continuing their impressive weekly rallies. ???? Bitcoin sits at just under $97K, and Ethereum back below $3.4K. The first week of January has still been mostly a bullish rebound to crypto’s fade at the end of 2024. Altcoins like Stellar (+26%), Injective (+24%), & Cardano (+19%) look to continue their strong weeks. pic.twitter.com/pk8ffLQwO1 — Santiment (@santimentfeed) January 8, 2025 Ethereum Foundation Makes First 2025 Sale The Ethereum Foundation recently made its first ETH sale of 2025, selling 100 ETH for 329,463 DAI. This comes after their 2024 activity, where the Foundation sold 4,466 ETH for $12.61 million at an average price of $2,823. Historically, such sales have preceded notable price drops, raising questions about future market movements. The Ethereum Foundation just made their first $ETH sale in 2025: 100 $ETH for 329,463 $DAI. In 2024, they sold a total of 4,466 ETH for $12.61M at an average price of $2,823, often before sharp price drops. Follow @spotonchain and set alerts for the #EthereumFoundation‘s next… https://t.co/JCcswAee76 pic.twitter.com/Go4JQY9LfE — Spot On Chain (@spotonchain) January 8, 2025 Ethereum Spot ETF Sees Significant Outflow On January 7, Ethereum spot ETFs recorded a net outflow of $86.79 million. Currently, the total net asset value of Ethereum spot ETFs stands at $12.28 billion. This decline in ETF holdings may suggest caution among institutional investors despite a broader recovery in the crypto market. On January 7,…
The post Crypto Market Update: Bitcoin Nears $97K, Ethereum Slips Below $3.4K Amid Mixed Signals appeared on BitcoinEthereumNews.com.
Bitcoin is holding just below $97,000, while Ethereum has dipped back under $3,400. Despite these minor pullbacks, the first week of January has been largely bullish for the cryptocurrency market, recovering from the fade seen at the end of 2024. Altcoins Outperform with Strong Gains Altcoins have been the standout performers so far in 2025. Stellar (XLM) surged by 26%, Injective (INJ) climbed 24%, and Cardano (ADA) posted a 19% gain, all continuing their impressive weekly rallies. ???? Bitcoin sits at just under $97K, and Ethereum back below $3.4K. The first week of January has still been mostly a bullish rebound to crypto’s fade at the end of 2024. Altcoins like Stellar (+26%), Injective (+24%), & Cardano (+19%) look to continue their strong weeks. pic.twitter.com/pk8ffLQwO1 — Santiment (@santimentfeed) January 8, 2025 Ethereum Foundation Makes First 2025 Sale The Ethereum Foundation recently made its first ETH sale of 2025, selling 100 ETH for 329,463 DAI. This comes after their 2024 activity, where the Foundation sold 4,466 ETH for $12.61 million at an average price of $2,823. Historically, such sales have preceded notable price drops, raising questions about future market movements. The Ethereum Foundation just made their first $ETH sale in 2025: 100 $ETH for 329,463 $DAI. In 2024, they sold a total of 4,466 ETH for $12.61M at an average price of $2,823, often before sharp price drops. Follow @spotonchain and set alerts for the #EthereumFoundation‘s next… https://t.co/JCcswAee76 pic.twitter.com/Go4JQY9LfE — Spot On Chain (@spotonchain) January 8, 2025 Ethereum Spot ETF Sees Significant Outflow On January 7, Ethereum spot ETFs recorded a net outflow of $86.79 million. Currently, the total net asset value of Ethereum spot ETFs stands at $12.28 billion. This decline in ETF holdings may suggest caution among institutional investors despite a broader recovery in the crypto market. On January 7,…
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