Price Analysis

Crypto Prices Today: Bitcoin Near $88,000, Ethereum Pushes Below $3,000

Crypto Price Today: Bitcoin Near $88,000, Ethereum Below $3,000 as Global Market Cap Stands at $2.99 trillion

Bhavesh Maurya

The total cryptocurrency market capitalization stands at $2.99 trillion, reflecting a 1.1% increase over the last 24 hours. The broader market is experiencing slight recovery after the recent pullback, with buyers stepping in across majors as risk sentiment improves.

Trading volumes have picked up modestly, and capital rotation is favoring large-cap and infrastructure-focused assets as traders position ahead of upcoming macro and liquidity cues.

Bitcoin (BTC): Trades Near $88,000

Bitcoin is currently trading at $88,331, up 0.83% over the past 24 hours. BTC is looking to reclaim the key $90,000 level.

Immediate resistance is seen near $90,000, followed by a higher supply zone around $91,500. On the downside, support lies at $86,500, with a stronger demand area near $84,500.

Derivatives data show open interest at $58.87 billion, up 0.53%, indicating mild confidence returning, with traders rebuilding exposure. Funding rates have edged higher to 0.0053%, reflecting cautiously bullish sentiment as traders rebuild leverage.

Spot ETFs shows $6.84 million in net inflows as of 26 January. 

Ethereum (ETH): Trades Below $3,000

Ethereum is trading at $2,932, up 2.54% over the last 24 hours. ETH has pushed back above the $2,900 level after consolidation, improving short-term structure.

Immediate resistance is near $3,240, followed by a broader supply zone around $3,420. On the downside, key support sits near $2,880, with stronger structural support around $2,700.

Ethereum derivatives open interest stands at $38.87 billion, up 4.42%, indicates heightened leverage engagement. Funding rates have risen to 0.0052%, suggesting returning bullish bias without excessive leverage buildup. 

Spot ETFs shows $116.99 million in net inflows as of 26 January.

Altcoins:

Avalanche (AVAX)

AVAX is trading at $11.74, up 1.4% over the last 24 hours. Immediate resistance is seen near $12.20-$13.50, while support lies around $11.30-$10.40.

Subnet adoption, gaming integrations, and institutional partnerships remain key medium-term drivers.

Polygon (MATIC)

MATIC is trading at $0.1182, down 2.01% on the day. Immediate resistance is seen near $0.124-$0.132, while support lies around $0.115-$0.108.

Enterprise use cases, zkEVM expansion, and ecosystem upgrades continue to influence sentiment.

Near Protocol (NEAR)

NEAR is trading at $1.47, up 1.1% over the last 24 hours. Immediate resistance is seen near $1.55-$1.65, while support lies around $1.42-$1.32.

Developer activity, chain abstraction efforts, and AI-related narratives remain key catalysts.

Binance Coin (BNB)

BNB is trading at $882.60, up 0.32% on the day. Immediate resistance is seen near $905-$930, while support lies around $865-$840.

Exchange activity, ecosystem burns, and BNB Chain DeFi adoption continue to shape price action.

Memecoins:

Pepe (PEPE)

PEPE is trading at $0.000005046, up 4.33% over the last 24 hours. Immediate resistance is seen near $0.00000540-$0.00000590, while support lies around $0.00000480-$0.00000440.

Ethereum ecosystem sentiment and retail participation remain the primary drivers.

Dogwifhat (WIF)

WIF is trading at $0.3257, up 0.37% on the day. Immediate resistance is seen near $0.345-$0.370, while support lies around $0.315-$0.295.

Solana network activity and speculative risk appetite continue to guide price movements.

Market Outlook

The 1.1% rise in total crypto market capitalization reflects improving short-term risk appetite, with buyers stepping back in after the recent correction.

Bitcoin near $88,000, while Ethereum’s move to reclaim $3,000 signals slight renewed momentum.

For continuation higher, BTC needs to hold above $91,500-$92,000, while ETH must maintain acceptance above $3,100-$3,150. 

Failure to do so could see the market slip back into range-bound consolidation in the near term.

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