Bitcoin, Ether, and Other Cryptos Claw Back Losses

Jan 25, 2022

Bitcoin, Ether, and Other Cryptos Claw Back Losses

Bitcoin, Ether, and other cryptocurrencies remained battered Tuesday but were fighting their way back from Monday's ferocious selloff lows.

Bitcoin, the world's most valuable digital asset, went up 8.3 percent in the previous 24 hours to $36,398, according to CoinDesk statistics. It had traded at $33,000 in the midst of Monday's dumping - it had previously been over $42,000 the previous week.

Bitcoin and Ether remain significantly below their early November all-time highs of $68,990 and $4,865, respectively.

Ether was also more expensive, up 8% in the previous 24 hours to $2,423. The Ethereum blockchain network's native token bottomed out at $2,150 on Monday but reached a high of $3,250 last Friday.

Smaller cryptos or "altcoins" such as Ripple, Cardano, and Solana followed a similar pattern in terms of price action—they were mainly off Monday's lows but stayed solidly down throughout the last week. Dogecoin and Shiba Inu, two widely popular "meme" tokens, mimicked these changes.

At the end of last week, the digital market came under severe pressure as Russia's central bank recommended a ban on cryptocurrency mining and trading, both of which are popular in the nation.

However, the greater issue for cryptos is that they have been demonstrated to be fundamentally associated with other risk-sensitive assets, such as high-growth technology stocks. Bitcoin and its counterparts should, in principle, trade independently of traditional financial markets. However, as with recent equity market activity, the threat of higher interest rates and reduced liquidity as a result of central bank policies has shaken the plans.

Defeated

Cryptocurrencies of all sizes remain down, but have emerged from their trenches since Monday. Recently, digital assets have fallen in lockstep with equities.

https://liquidity-provider.com/app/uploads/2022/01/unnamed-38.png

The S&P 500 has lost almost 8% this year, while the technology-heavy Nasdaq Composite has declined 12.5 percent since the start of 2022.

Tuesday was expected to be volatile. Wall Street's so-called "fear gauge"—the CBOE Volatility index, or the VIX—was trading at 33, down from a high of 36 during Monday's wild stock market ride. The Vix began the year at a level below 17 and has remained there till the end of 2020.

"Bitcoin believers are attempting to maintain their position," Edward Moya, an analyst at broker Oanda, said late Monday in a note. "This is a critical time for Bitcoin, and if Wall Street panic sells again, the $30,000 level may prove unsupportive," he warned. "A period of quiet should ensue while financial markets await the Fed's decision, but given January's volatility, this may not be the case."

The Federal Reserve's monetary policy committee's next meeting concludes Wednesday with a statement from Fed Chairman Jerome Powell. Investors will closely monitor central bank comments about the predicted tightening of monetary policy in the next year as the central bank tackles excessive inflation.

Subscribe Our Newsletter

AI Stock Climbs on New Direction — And It's Not Nvidia

Milena

AI Stock Climbs on New Direction — And It’s Not Nvidia!

A Silicon Valley startup with a "green computing mission" presents a compelling AI stock driven perspective.

AI
Alibaba Stock Split Boosts Optimism Amid China's Economic Recovery

Tamta

Alibaba Stock Split Boosts Optimism Amid China’s Economic Recovery

Alibaba's stock split and China's economic recovery fuel optimism for the tech giant's future growth prospects.

Stocks
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Alexander

Game of Trades Review – Is This Service Profitable?
Investors seek informed decision-making in the financial landscape. Game of Trades, a subscription-based platform offering market analysis and trading signals, is one such service. In this review, we'll assess its features, pros, and cons to determine its value for your time and money.

discover
What Is ChatGPT, And How Can You Use It?

Tamta

What Is ChatGPT, And How Can You Use It?

Artificial Intelligence (AI) has been gradually waving into our daily lives for ages. For instance, Gmail's helpful phrase suggestions or our smartphones' autocorrect features are examples of AI work. However, AI's integration into our lives has never been as profound as today. A major reason for the increasing hype is the introduction of ChatGPT.

Fintech
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Constantine

    Best DAO Projects in 2025

    Best DAO projects in 2025

    Alexander

    Crypto Nodes That Pay: Your 2025 Guide to Top Passive Income Opportunities in Crypto

    crypto nodes that pay

    Alex

    Pi Network: Scam or Groundbreaking Crypto? The Full Analysis

    Pi Network Explained

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Triple Net Lease

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid

    Aleksander

    Solana Firedancer: Solving Solana’s Biggest Problems with a New Engine

    Solana Firedancer explained

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business

    Constantine

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Alexander

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Hazem

    Megaphone Pattern​: What Is It? How to Use It In Trading

    Megaphone Pattern​: How to Read & Trade with It

    Constantine

    Top 5 Liquidity Bridge Providers in DeFi

    Top 5 Liquidity Bridge Providers in DeFi

    Hazem

    Max Funded IUL Explained: Is It a Legitimate Financial Strategy?

    Understanding Max Funded IUL

    Alexander

    Tax Refund Timeline: When Will You Get Your Tax Return?

    how long does it take for tax refund

    Constantine

    Crypto Liquidity — What is it, and How to Measure It?

    What is Crypto Liquidity and How to Measure It?

    Constantine

    AI in Finance: A Game-Changing Trend Shaping the Industry

    AI in Finance

    Hazem

    5 Ways to Make Money with ChatGPT and Build Your Wealth

    Make Money with ChatGPT

    Constantine

    Top AI Companies to Invest in April 2025

    Top AI Companies to Invest in March 2025

    DeepSeek vs ChatGPT: Which AI Technology is Better For You?

    DeepSeek vs ChatGPT: Feature-by-Feature AI Tool Comparison

    Constantine

    Top Solana Meme Coins in 2025: Best Presales and Where to Buy

    Solana Meme Coins 2025

    Alexander

    How Renewable Energy Stocks Can Supercharge Your Portfolio

    How Renewable Energy Stocks Supercharge Your Portfolio

    SEC Crypto Regulations: What Financial Advisors Need to Know

    SEC Crypto Regulations: Insights for Financial Advisors
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.