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The altcoin market experienced significant losses, with a decline of approximately $50 billion in market capitalization, now around $1.2 trillion. Major tokens like Ethereum and Solana fell over 7% and 11%, respectively, while XRP and Dogecoin also saw steep weekly losses. The market structure weakened, indicating a risk-off rotation as capital exits altcoins faster than Bitcoin. Bitcoin's drop below $90,000 exacerbated the situation, leading to further vulnerability for altcoins in the short term. Overall, the altcoin market remains under pressure until confidence returns.
SkyBridge Capital's founder, Anthony Scaramucci, expressed cautious optimism about bitcoin and rising market volatility at the World Economic Forum in Davos. He noted a shift towards macro strategies due to policy uncertainty under the Trump administration, with the firm's SkyBridge Opportunity Fund increasing its macro weighting to 69%. Despite bitcoin's recent decline to below $90,000, Scaramucci believes its long-term fundamentals remain strong, although he acknowledges the unpredictability of the cryptocurrency market. He remains hopeful for a positive year ahead, despite regulatory challenges in the U.S.
Ethereum price shows signs of stabilization with technical patterns and record staking metrics indicating a potential upside phase. Analysts note a re-accumulation structure, with key support at $3,000 and a target near $3,600 if resistance is cleared. The macro environment suggests a cycle acceleration zone, with Ethereum reclaiming higher resistance levels. Additionally, nearly 30% of Ethereum's supply is staked, reducing liquid supply and potentially amplifying price reactions. This bullish structure is supported by long-term holder conviction and may lead to new cycle highs if current trends continue.
XRP’s next big rise could come with hardly any warning, traders and analysts warn. Markets are quiet now. That quiet has happened before, and it has sometimes been followed by sharp moves that catch most people off guard. Related Reading: Bitcoin Senses Risk As Trump Balks At Europe With Major Tariffs History Of Sudden Moves According to several community analysts, XRP has a pattern of long quiet periods followed by fast spikes source:
Institutions are using Ethereum to launch tokenized stocks, money market funds, stablecoins, and deposits. source:
