10 January Crypto Market Status: BTC, ETH, and XRP Face Sharp Losses

10 January Crypto Market Status: Crypto Sell-Off Deepens as Investors Brace for Key Economic Indicators

On January 10, the cryptocurrency market is off to a rocky start, with major tokens like Ethereum (ETH), Ripple (XRP), and Bitcoin (BTC) suffering large losses. As investors anticipate important U.S. jobs data that could affect the Federal Reserve’s monetary policy course, market sentiment is still cautious. Top altcoins have seen a sell-off due to this uncertainty, which is indicative of larger worries about regulatory changes and economic resiliency.

BTC Market Cap Falls Below $2 Trillion Amid Volatility

Earlier in the day, the price of BTC dropped to $91,231 and was now trading at $94,685. As of this writing, the leading cryptocurrency was up 1.82%. Its market value, which is at $1.87 trillion, has once again dropped below the $2 trillion threshold. $43 million was liquidated in Bitcoin during the past 12 hours, with $33 million coming from long holdings and $9 million from short positions, according to Coinglass statistics.

Ethereum Price Dips 0.53%, Trading at $3,301 Amid Market Decline

ETH was down 0.53% over the last day, trading at $3,301. $3,159 was its 24-hour low, while $3,332 was its high. Today’s cryptocurrency prices were still down, but a CoinGape expert predicted that ETH may reach its highest point ever when Fidelity deposited 103 million ETH into Coinbase, igniting new interest in the cryptocurrency.

XRP Price Rises 0.92% to $2.31 Amid Ripple’s Mysterious 300M Transfer

With its current price of $2.31, XRP had increased by 0.92% over the previous day. Its 24-hour high was $2.33, while its 24-hour low was $2.24. Concerns about a possible market sell-off were raised after Ripple Labs moved 300 million XRP to an anonymous wallet, according to on-chain data.

For more up-to-date crypto news, you can follow Crypto Data Space.