The crypto market cap on January 10, 2025 stood at $3.2 trillion as Bitcoin struggled with downside pressure in the US trading session.
The global 24-hour trading volume fell 1.2% to around $156.9 billion as BTC’s dominance hovered around 56.8% and Ethereum’s around 12%.
The overall outlook for crypto remains bullish, but analysts are warning of a possible continuation of the downside ahead of Donald Trump’s inauguration on January 20, 2025.
What happened in the crypto market today? Here’s a brief overview
Crypto liquidations reach $373 million
according to coinglass dataThe cryptocurrency market saw significant liquidations in the 24 hours ahead of this report.
The total amount liquidated was more than $373 million, with long positions worth $225 million and short positions worth $147 million.
Both Bitcoin and Ethereum recorded heavy liquidations reaching $96.6 million and $91 million respectively.
Solana, Dogecoin, Sui, and XRP are other cryptocurrencies to experience notable liquidations as prices fluctuated heavily above key support levels.
According to Coinglass, the total number of traders liquidated in 24 hours was 115,384.
The single largest liquidation order occurred on the Binance exchange, with $12.13 million in ETH/USDT.
Bitcoin looks to hold above key level
On January 10, Bitcoin (BTC) was hovering between $91,220 and $95,259.
The 24-hour range means the benchmark crypto asset is largely flat on the day and is down 4.3% over the past week.
Bitcoin Conflict A week later the market reacted to the news that the US government was looking to wipe out $6.5 billion worth of Silk Road Bitcoin.
Russia is also there sell btc From a crypto corruption case.
However, MicroStrategy also bought more BTC this week, adding $101 million worth of BTC, bringing its total holdings to 447,470 BTC.
Aptos and Chainlink prices
aptos announced On Thursday that it was integrating the Chainlink standard for verifiable data.
The news of Chainlink’s data feed on Aptos sent prices jumping from a low of $8.5 to a high of $9.1.
The price of APT has not moved in the last 24 hours and is down more than 9% in the last week and more than 30% in the last month.
At the time of writing Aptos price traded around $8.88.
Chainlink price hovers around $19.87, down about 1.1% over the past 24 hours and -16% over the past week.
Top gainers and losers today
Most major cryptocurrencies by market cap traded lower on the day, with ETH, BNB, XRP and SOL falling below key levels.
Mega-cap altcoins are near important support areas at $3,200, $2.20, $690, and $180, respectively.
The rest of the top 100 altcoins by market cap saw mixed trading.
Bitcoin SV (BSV), Bitget Token (BGB), and Uniswap (UNI) were the top gainers, while Virtual Protocol (VI), Movement (MOVE), and Bittensor (TAO) rounded out the top 100 by market cap. .
Post Crypto Wrap January 10, 2025: Bitcoin, Aptos and Chainlink first appeared on Invez
