Dex-Trade Weekly Market Analysis: Key Crypto Trends for January 6-12, 2025

This week in the cryptocurrency market saw significant corrections for all major assets after the tremendous start to the year. From Bitcoin's resilience above $94K to Solana's sustained recovery, several trends were a mixed bag. Now, coming to the performance of key assets: Bitcoin, Ethereum, Solana, XRP, Cardano, and Dogecoin.

Explore how market dynamics and trading volumes shaped the trends this week, and stay informed about the top-performing assets.

 

Bitcoin (BTC)

This week, Bitcoin maintained resilience, starting at $94,202 and peaking at $94,727. It closed at $94,423, reflecting a slight gain of +0.24%. Trading volumes showed consistent activity, suggesting investor confidence in BTC’s stability above $94K.
BTC Price Chart

 

Ethereum (ETH)

Ethereum started the week at $3,114 and climbed to a peak of $3,142, closing at $3,128 with a modest +0.46% gain. ETH demonstrated steady recovery, supported by solid trading volumes, indicating continued optimism among investors.
ETH Price Chart

 

XRP

XRP showcased volatility, beginning at $2.53, reaching a high of $2.55, and closing at $2.52, marking a slight decline of -0.45%. Moderate trading volumes suggest a cautious market outlook for XRP.
XRP Price Chart

 

Solana (SOL)

Solana started the week at $181.99, peaked at $183.46, and ended at $181.96, reflecting minimal movement (+0.09%). While trading volumes were moderate, SOL continues to hold its ground, showing signs of potential upward momentum.
SOL Price Chart

 

Dogecoin (DOGE)

Dogecoin experienced a correction, starting at $0.33581 and peaking at $0.33788. It closed at $0.33523, marking a minor decline of -0.17%. Lower trading volumes highlight cautious sentiment among DOGE investors.
DOGE Price Chart

 

Cardano (ADA)

Cardano saw a correction this week, starting at $0.943 and peaking at $0.9547, with a closing price of $0.9458 and a marginal gain of +0.23%. Trading volumes remained stable, indicating sustained interest in ADA.
ADA Price Chart

 

Conclusion

This week, consolidation and mild corrections dominated the market trend for most major cryptocurrencies. While Bitcoin and Ethereum had their resilience going on, altcoins such as Solana and Cardano had heartbreaking performances in trying to get stable. Though corrections were seen, the trading volumes across boards indicate optimism for further growth.
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