Bitcoin is currently trading around $92,360, having stabilized near the $92,000 level following a sharp sell-off on the previous day. This recent price point marks a slight decline of 0.4% over the last 24 hours. Meanwhile, Ethereum has also faced downward pressure, slipping 0.8% to $3,183. In contrast, XRP has managed to see a modest increase of 0.2%, now priced at $1.96.
In terms of market sectors, the AI-related tokens have taken a significant hit, dropping more than 3.5% in the past 24 hours. The real-world assets (RWA) sector has not fared much better, experiencing a decline of over 1%, as per data from CoinGecko.
Market sentiment appears to be shifting as reflected in the probabilities on Polymarket. The likelihood of Bitcoin reaching the $100,000 milestone this January has fallen to 21%. Meanwhile, the odds for a move to $105,000 are sitting at just 7%. The probabilities for a downward adjustment to $85,000 and $80,000 have increased to 18% and 6%, respectively. This change in sentiment indicates a cautious outlook among traders amid ongoing macroeconomic uncertainties.
As the crypto market continues to evolve, these fluctuations highlight the importance of monitoring market trends and sentiment closely. Investors and traders alike should remain vigilant, given the current volatility.
Stay tuned for further updates as we provide ongoing coverage of developments in the cryptocurrency space.
