2025-01-27 21:31:15 by Benzinga

Cryptocurrency markets saw a volatile trading session on Monday, as fears over Chinese AI model DeepSeek spooked tech stocks. CryptocurrencyPrice   Gains +/-Bitcoin BTC/USD $101,809-2.9%Ethereum ETH/USD $3,190-3.8%Solana SOL/USD $236.2-6.1%XRP XRP/USD $3.04-2.3%Dogecoin DOGE/USD $0.3333-4.6%Shiba Inu SHIB/USD $0.00001903-3.7%Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 8% and daily active addresses falling by 7%. Transactions greater than $100,000 are down from 8,669 to 8,000 in a single day. Exchanges netflows are down by 22.7%. Coinglass data reports 344,258 traders were liquidated in the past 24 hours for $995.51 million. Bitcoin derivatives trading volume surged 293% in a single day. Notable Developments: MicroStrategy’s Bitcoin Buying Spree Continues, Accumulates Over 10,000 BTC Bitcoin, Ethereum, Solana Crash — Here’s Why China’s Low-Cost AI Model DeepSeek May Be To Blame Elon Musk’s DOGE Department Reportedly Eyes Blockchain To Slash Federal Spending—Justin Sun Says Tron A Good Option Shytoshi Kusama Steps Down As Shiba Inu Lead: ‘Accomplished My Initial Goal With Flying Colors’ — Here’s What’s Next For The Masked Visionary Top Losers: CryptocurrencyPrice   Gains +/-Onyxcoin XCN/USD$0.02725 -35%Fartcoin FARTCOIN/USD$0.9141-30%Pudgy Penguins PENGU/USD$0.0213-20.5%Trader Notes: Industry expert Gambardello believes Bitcoin’s recent drop is part of a common cycle where "someone cashes out Bitcoin at $100,000, feels like a genius at $90,000, and then FOMOs back in at $110,000." He advises traders not to focus on short-term moves, suggesting patience and a long-term outlook is key. Benjamin Cowen compares the current market scenario to 2017, when Bitcoin experienced a similar correction, falling back to 2016 highs. He predicts that if 2025 mirrors 2017, Bitcoin could revisit its 2024 high around $73,000. Interestingly, the early 2017 correction took #BTC back down to the 2016 high. If 2025 is like 2017, then maybe it retests the 2024 high? (around $73k) pic.twitter.com/SSXAXVvb6e— Benjamin Cowen (@intocryptoverse) January 27, 2025 CryptoCon in their analysis notes that Bitcoin corrections following all-time highs often feel catastrophic, but data indicates the market is following expected patterns. Historically, the cycle top is expected between September and October 2025, suggesting we are still on track. Read Next:  Bitcoin, Ethereum, Dogecoin To Thrive In Q1, Prominent Trader Says Image: Shutterstock Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.