Cryptocurrency Market Faces Continued Volatility

Major Coins Experience Correction After Initial Gains

The cryptocurrency market is witnessing significant volatility in early 2026, with major assets like Bitcoin (BTC) and Ethereum (ETH) showing substantial price fluctuations. Despite initial strength at the beginning of the year, both cryptocurrencies have faced selling pressure that has led to notable price corrections.

Current Market Prices

As of January 9, 2025, at 17:25 WIB, market data from CoinMarketCap shows:

• Bitcoin (BTC) was trading at US$ 90,424.68, representing a 2.66% decline over the past month.
• Ethereum (ETH) was priced at US$ 3,093.15, marking a more significant 7.37% drop over the same period.

Market Analysis and Potential Movements

The current market volatility suggests that both BTC and ETH may face further downside risk. Analysts are watching key support levels closely, with Bitcoin's potential support at US$ 80,000 becoming a critical watchpoint. The high volatility environment makes it essential for investors to remain cautious and monitor market developments closely.

Key Factors Influencing Market Movements

1. Market Sentiment: Current negative sentiment could lead to further selling pressure.
2. Technical Levels: Key support and resistance levels will be crucial in determining future price movements.
3. Market Liquidity: Available liquidity will play a significant role in determining the extent of potential price swings.

Conclusion

The cryptocurrency market remains in a state of high volatility, with major coins like Bitcoin and Ethereum experiencing significant price corrections. Investors should remain vigilant and consider both technical and fundamental factors when making investment decisions in this dynamic market environment.