Crypto Market Analysis | 9 January 2025 

Crypto Market analysis

Bitcoin dropped to $92,500 yesterday, dragging altcoins to double-digit losses. It has since rebounded above $94,000, with $90,000 as a key support level for bulls to defend. Institutions, which sold heavily after Bitcoin’s December peak, are now buying again below $100,000, according to BlockTrends. Market sentiment hinges on whether BTC can hold steady or face further volatility.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment/financial advice from CoinSwitch. Any action taken upon the information shall be at the user’s risk.

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