The total cryptocurrency market capitalization stands at $2.41 trillion, posting a 1.71% increase over the last 24 hours. After the sharp sell-off last week, market is showing early signs of stabilization as selling pressure eases. While macro uncertainty persists, reduced liquidations and steady spot demand have helped sentiment recover modestly.
Volatility remains elevated as traders appear more selective, focusing on key technical levels and relative strength across sectors.
Bitcoin is currently trading around $71,253, up 2.17% over the past 24 hours. BTC managed to defend the $70,000 region after recent weakness, with dip buyers stepping in near short-term support zones.
Immediate resistance is now located near $72,000, followed by a stronger supply area around $73,400. On the downside, key support rests near $70,000, with a deeper demand zone around $66,800 if volatility resurfaces.
Derivatives data show Bitcoin open interest rising slightly to $46.40 billion, up 0.68%, indicating cautious re-entry of positions. Funding rates have normalized near 0.0011%, suggesting a more balanced long-short positioning.
Spot Bitcoin ETFs recorded $330.67 million in net inflows as of January 6, signaling a return of institutional participation after earlier risk-off flows.
Ethereum is trading near $2,098.88, up 1.06% in the last 24 hours. ETH successfully reclaimed the $2,000 psychological level, supported by short covering and improved market breadth.
Immediate resistance is seen near $2,120, while a broader supply zone remains around $2,280. On the downside, initial support lies near $1,980, followed by a stronger base around $1,850 if selling pressure resumes.
Ethereum derivatives open interest has edged up to $24.35 billion, down 1.23%, reflecting reduced speculative exposure amid market volatility. Funding rates have turned slightly negative at -0.0001%, pointing to more neutral short-term sentiment.
Spot Ethereum ETFs recorded $21.37 million in net outflows, indicating cautious accumulation by institutional investors.
LINK is trading at $8.84, up 0.13% on the day. Immediate resistance is seen near $9.20-$9.60, while key support lies around $8.60-$8.20.
Oracle adoption and real-world asset integrations remain key catalysts.
NEAR is trading at $1.04, down 1.98% in the last 24 hours. Immediate resistance is seen near $1.10-$1.16, while key support lies around $1.00-$0.94.
Developer activity and AI-focused narratives continue to support interest.
MATIC is trading at $0.09635, up 0.29% on the day. Immediate resistance is seen near $0.102-$0.108, while key support lies around $0.092-$0.088.
Enterprise partnerships and scaling solutions remain medium-term drivers.
ARB is trading at $0.1171, down 1.39% in the last 24 hours. Immediate resistance is seen near $0.122-$0.128, while key support lies around $0.114-$0.108.
Layer-2 adoption and DeFi liquidity flows continue to shape price action.
SHIB is trading at $0.000006170, down 0.38% on the day. Immediate resistance is seen near $0.00000640-$0.00000670, while key support lies around $0.00000600-$0.00000570.
Burn activity and ecosystem updates remain the primary sentiment drivers.
BONK is trading at $0.000006275, down 0.83% in the last 24 hours. Immediate resistance is seen near $0.00000650-$0.00000680, while key support lies around $0.00000600-$0.00000575.
Solana ecosystem liquidity and retail participation continue to influence price movement.
The 1.71% rise in total crypto market capitalization to $2.41 trillion suggests the market is attempting to stabilize after a volatile correction.
Bitcoin needs to hold above $71,000 to maintain stability, while Ethereum must sustain levels above $2,100-$2,150 to support broader altcoin recovery.
Until clearer macro signals or stronger liquidity inflows emerge, markets are likely to remain range-bound, favoring disciplined position sizing, selective accumulation, and short-term tactical trades over aggressive trend-following strategies.