Altcoin

BTC & Altcoins Dip, Stocks Crash Amid DeepSeek’s Rise

Published

15 hours ago

January 27, 2025

Cryptocurrency Prices Today: Bitcoin (BTC) and top altcoins encountered significant turbulence on Monday, tumbling against the backdrop of an unsure investor sentiment right ahead of FOMC. Bitcoin (BTC) price dropped to the $101K level today, whereas Ethereum (ETH), XRP, and Solana (SOL) cracked 4%-8%. Meanwhile, U.S. stocks also took a hit amid Chinese AI DeepSeek’s rise.

So, let’s take a closer look at some of the leading crypto by market cap, their price action, and broader market trends on January 27.

Cryptocurrency Prices Today: Market Tumbles Ahead of FOMC

In light of the looming FOMC set to take place as of January 29, the broader crypto market reflects a substantially unsure investor sentiment. The global crypto market cap fell by over 3% intraday and was evaluated to be $3.47 trillion. However, the total market volume witnessed a 21% increase from yesterday to $106.54 billion.

While BTC and top altcoins tanked notably intraday, leading meme coins Dogecoin (DOGE), Shiba Inu(SHIB), and others also mimicked a waning movement. Here’s a brief overview of some renowned cryptocurrency prices today.

Bitcoin Price Down To $101K As Cryptocurrency Prices Take Hit

BTC price cracked over 3% in the past 24 hours and is currently trading at $101,239. The coin’s 24-hour low and high were $100,721.57 and $105,438.64, respectively. The waning price action aligns with the broader market trend, although Bitcoin’s dominance was up 0.36% intraday. Besides, leading crypto market analyst Ali Martinez has conversely maintained a bullish perspective on the asset’s future perspective, spotlighting a $122,000 price target looms.

BTC saw over $57 million in liquidations, per recent Coinglass data, further aligning with the price drop. As mentioned above, the looming FOMC has appeared to have pushed traders to be cautious.

Ethereum Price Tanks 5%

ETH price pulled back 5% in the past 24 hours and is currently trading at $3,172. The coin’s intraday low and high were $3,161.93 and $3,359.31, respectively. Ethereum currently mimics the broader market trend, with nearly $30 million in liquidations recorded today. However, it’s noteworthy that weekly net inflows totaled $139,32 million for Ethereum ETFs as of Jan 24. The current market sentiment for the asset remains uncertain.

XRP Price Drops 5%

XRP price also fell by nearly 5% in the past 24 hours and is currently resting at $2.99. The crypto’s intraday low and high were $2.95 and $3.14, respectively. Notably, the Ripple-backed asset’s fall below $3 sparked severe concerns among investors. Meanwhile, XRP recorded nearly $5 million in liquidations as of Monday.

SOL Price Cracks 10%

SOL price chart showcased a 10% drop in value at the time of reporting, reaching $233.18. Solana’s 24-hour low and high were $233.23 and $259.63, respectively. The cryptocurrency has followed the broader market trend, recording over $10 million in liquidations.

Meme Cryptocurrency Prices Today

Simultaneously, DOGE price tanked 8% over the past day and is trading at $0.327. SHIB price also fell over 7% in the past 24 hours and is sitting at $0.00001851. Moreover, PEPE and TRUMP prices fell nearly 13%, reaching $0.00001301 and $26.60, respectively.

DeepSeek AI Threatens U.S. Stocks

Meanwhile, the rise of the open-source Chinese AI startup DeepSeek appears to have sent shockwaves across the U.S. large-cap tech. Recent reports reveal that the Chinese AI startup is already outperforming leading American AI companies like OpenAI and Meta, whilst the Nasdaq 100 futures are also down significantly since the market opened just hours ago, all happening as DeepSeek takes the no. 1 spot on App Store.

Top Cryptocurrency Gainer Prices Today

Onyxcoin (XCN)

Price: $0.03688
24-Hour Gains: +10%

Jupiter (JUP)

Price: $0.9859
24-Hour Gains: +7%

AIOZ Network (AIOZ)

Price: $0.8133
24-Hour Gains: +4%

Top Cryptocurrency Loser Prices Today

Fartcoin (FARTCOIN)

Price: $0.9807
24-Hour Loss: -28%

Virtuals Protocol (VIRTUAL)

Price: $2.09
24-Hour Loss: -17%

HyperLiquid (HYPE)

Price: $20.67
24-Hour Loss: 15%

Nevertheless, despite the broader cryptocurrency market volatility, renowned crypto analyst Ash Crypto stated, “Altseason is finally coming,” and “utility tokens are about to explode.” Further, digital asset strategist at VanEck, Gabor Gurbacs, spotlighted the DeepSeek rise chronicle on X, saying, “Now that everyone knows that AI doesn’t need that $500 Billion investment, the U.S. should just buy Bitcoin with it,” setting off waves of discussions.