The leading cryptocurrency, Bitcoin $98,113, began 2025 below $94,000 and continues to show limited movement. While altcoin traders eagerly await a rise, there are only 20 days left until Trump’s inauguration. What do current evaluations indicate?
Bitcoin (BTC)
BTC fell to $92,888 in the last 24 hours after reaching a peak of $96,250. Altcoins remain in the red and have not recovered their losses. There are no exciting developments in cryptocurrencies as the new year starts. Tether FUD created unnecessary distractions, with only a 2% decline in market value supporting this unwarranted panic.
Analyst using the pseudonym Daan Crypto Trades noted in today’s assessment:
“The BTC Christmas Range has currently swept liquidity on both sides. The last test saw the $95,800 mid-range acting as resistance. I recommend tracking when this range breaks in either direction, as it will provide good insight into where it’s headed in the next 1-2 weeks.”
Solana and Render Coin
Altcoin Sherpa provided a new assessment for cryptocurrencies in the new year. With the BTC price hovering above $90,000, the weakness in altcoins is particularly troubling.
“It’s somewhat humorous to see BTC around $100,000 while altcoins look terrible. If not allocated, this might be a good time to buy some of these low-quality coins.”
The analyst’s chart for RENDER Coin indicates a new buying opportunity. If a recovery begins from the bottom, RENDER appears to be in a good position.
Solana $218 (SOL) was still around the $190 region when this article was prepared, failing to break through attempts near $200. In today’s analysis, Daan shared the following chart for SOL Coin:
“I still like this, but now that the holidays are over, I want to see some buying. This is a make-or-break situation for many coins in the short/medium term. I still believe most things will rise in Q1 in the higher time frame. However, depending on the reaction at these levels, we can determine whether we will test lower levels first or jump straight up in 2025.”