17/01/2026
📉 Market Recap: In a mixed trading session, traders have sold off Ether, Solana, and XRP, while Monero has surged past $640!
In the latest developments in the crypto markets, traders have been selling rallies in Ether, Solana, and XRP, while Monero has gained significant attention by climbing above $640. Analysts suggest that improving macroeconomic factors and stabilizing prices could create a supportive environment for the crypto markets in the medium term, potentially allowing Bitcoin to reach $120,000 if sentiment shifts positively.
As Bitcoin hovers around $90,300, it is currently testing its 50-day moving average. Monero's impressive 44% increase over the last eight days is indicative of a rising interest in privacy-focused assets, although analysts caution against potential pullbacks. The prevailing selling pressure on Bitcoin could lead to a slip below $90,000, further reinforcing a sell-the-rally mentality that seems to be taking hold in the market.