The crypto market is in a narrow band today. Bitcoin $93,857.8While , it fluctuated between $92,000 and $96,000, altcoins also moved in the same direction, experiencing significant price declines. Virtual Protocols (VIRTUAL) lost 11% in value in the last 24 hours, while AI16Z fell by 8%.
Market Concerns
Overall crypto price movements reflect growing market concerns such as FTX liquidations and rumors of the US government’s Silk Road-related Bitcoin sale. These developments had a negative impact on investor confidence.
Market Overview
The worldwide crypto market decreased by approximately 1%, with the total market value falling to approximately $3.3 trillion. Transaction volume decreased compared to last week and reached 74 billion dollars.
Status of Major Cryptocurrencies
While Bitcoin was trading at $94,275, its market value dropped below $2 trillion. Ethereum 
$3,240.3 has lost approximately 1% of its value in the last 24 hours. Ripple (XRP) 
$2.5 It experienced a decrease of less than 1%.
Peter Brandt said, “XRP’s price chart forms a bull flag on the daily timeframe. “If this pattern is confirmed, the price of XRP could rise to $3.40,” he said.
Solana (SOL) followed a stable course at $ 185. Meme cryptocurrencies also lost value under general market pressure. dogecoin 
$0.335703 1.87%, Shiba Inu decreased 3.2%.
Other Movements of the Market
While Bitcoin rose 0.2% in recent hours, Ethena (ENA) rose 2%. Other altcoins generally remained in the red zone and continued their downward trend.
Investors are closely monitoring the potential impacts on digital assets with the inauguration of President Donald Trump next week. Trump’s approach to cryptocurrencies could play an important role in determining the direction of the markets.
Latest crypto market data reveals the fragile nature and uncertainty of the market for investors. Fluctuations in the value of cryptocurrencies require investors to be careful.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
