{"id":104330,"date":"2026-01-08T03:10:04","date_gmt":"2026-01-08T08:10:04","guid":{"rendered":"https:\/\/www.businessupturn.com\/usa\/?p=104330"},"modified":"2026-01-08T03:10:04","modified_gmt":"2026-01-08T08:10:04","slug":"crypto-price-today-profit-taking-hits-prices-as-bitcoin-and-ethereum-face-fresh-pressure","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/crypto-price-today-profit-taking-hits-prices-as-bitcoin-and-ethereum-face-fresh-pressure\/104330\/","title":{"rendered":"Crypto price today: Profit-taking hits prices as Bitcoin and Ethereum face fresh pressure"},"content":{"rendered":"
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The cryptocurrency<\/a> market has taken a breather after its recent upward run, with total market capitalization sliding to $3.12 trillion, down 1.93% in the past 24 hours. The dip appears less like panic selling and more like a calculated pause, as traders lock in profits and rotate capital toward projects with stronger fundamentals. Volumes remain largely unchanged, suggesting that positioning and spot selling are driving the move. Rising volatility, however, points to growing uncertainty in the near term.<\/p>\n

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Bitcoin struggles to reclaim lost ground<\/h2>\n

Bitcoin is trading near $91,003, marking a 1.71% daily decline. The asset briefly dipped into the $91,000 zone, turning what was once a support area into a short-term ceiling. This shift signals that sellers are still active, even as long-term sentiment remains constructive. Immediate resistance sits around $93,200, with a higher barrier near $95,500. On the downside, traders are watching $90,800 closely, while a deeper pullback could test the stronger demand zone near $88,900.<\/p>\n

Derivatives data paints a mixed picture. Open interest has climbed 1.68% to $61.72 billion, hinting at sustained participation from leveraged traders. Funding rates have cooled to 0.0096%, reflecting a healthier, less overheated market. The bigger talking point, however, is the sharp $486.08 million outflow from Bitcoin spot ETFs, which has fueled debate on social media about whether institutional players are pausing or simply rebalancing after strong inflows earlier this quarter.<\/p>\n

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Ethereum slips as buyers turn cautious<\/h2>\n

Ethereum is underperforming Bitcoin, down 2.94% and trading around $3,156. The failure to hold above $3,200 has kept ETH range-bound, with price action hovering near minor support. Resistance levels are stacked at $3,220 and $3,420, while the psychological $3,000 mark now acts as a critical line for bulls. Below that, a broader base forms near $2,880.<\/p>\n

Ethereum\u2019s derivatives market shows cooling enthusiasm, with open interest easing 1.03% to $40.83 billion and funding rates sitting at a modest 0.0066%. Adding to the pressure, Ethereum spot ETFs recorded $98.45 million in net outflows, reinforcing the idea that institutions are turning selective rather than abandoning exposure entirely.<\/p>\n

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Altcoins hold structure despite weakness<\/h2>\n

Solana is trading at $137.66, down 0.68%. While short-term resistance lies between $142 and $148, support around $132 to $128 has so far held firm. Developers continue to favor Solana for high-throughput applications, keeping long-term confidence intact despite near-term softness.<\/p>\n

Avalanche has slipped 2.48% to $14.10, with sellers defending the $15.20 to $15.80 zone. Support is clustered near $13.60 to $13.20. Interest in Avalanche\u2019s subnet strategy and institution-focused deployments remains a key narrative supporting the token beyond daily price swings.<\/p>\n

Cardano is priced at $0.4006, down 2.57%. Overhead resistance is visible around $0.42 to $0.44, while buyers are defending the $0.39 to $0.37 range. Network upgrades and consistent staking participation continue to provide stability, even as broader market sentiment weakens.<\/p>\n

Hyperliquid has seen one of the sharper drops among mid-cap tokens, falling 3.07% to $26.64. Resistance sits near $28.20 to $29.00, with support around $25.40 to $24.60. Despite the pullback, traders remain intrigued by Hyperliquid\u2019s growing on-chain perpetuals volume, which has been gaining traction across derivatives-focused communities.<\/p>\n

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Memecoins track market mood<\/h2>\n

Pepe is trading at $0.000006542, down 1.71%. Resistance is clustered near $0.0000069 to $0.00000730, while support lies between $0.00000630 and $0.00000600. As usual, price action remains closely tied to overall risk appetite rather than fundamentals.<\/p>\n

Shiba Inu is down 1.46% at $0.000008809. Resistance is seen at $0.00000910 to $0.00000950, with support near $0.00000860 to $0.00000830. Ongoing Shibarium activity and token burn discussions continue to keep the community engaged, even as price movement mirrors the broader market\u2019s hesitation.<\/p>\n

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What comes next for Crypto?<\/h2>\n

The 1.93% dip in total market capitalization looks more like a healthy correction than a structural breakdown. Market participants are now watching key levels closely. Bitcoin holding above $90,800 and Ethereum defending $3,000 could help stabilize sentiment. For bullish momentum to return with conviction, BTC would need to reclaim $93,200, while ETH must push back above $3,220 with strong volume.<\/p>\n

Until then, the market appears to be in wait-and-watch mode, balancing profit-taking with selective accumulation as traders look for the next clear signal.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency market has taken a breather after its recent upward run, with total market capitalization sliding to $3.12 trillion,\u2026<\/p>\n","protected":false},"author":294,"featured_media":104331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76],"tags":[22853,3925,22388,3927,24202,34761,22400,6817,15047,34830,33979],"class_list":["post-104330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-altcoins","tag-bitcoin","tag-btc","tag-crypto","tag-crypto-prices","tag-crypto-prices-today","tag-eth","tag-ethereum","tag-market","tag-memecoins","tag-top-stories"],"reading_time":"4 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/104330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/294"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=104330"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/104330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/104331"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=104330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=104330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=104330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}