Introduction
Bitcoin has slipped below the $88,000 threshold, while Hyperliquid’s native token, HYPE, has leapt 25% to a multi-week high. The broader crypto market shows modest gains, with Ethereum and BNB holding steady and a few altcoins posting notable moves.
At a Glance
- Bitcoin drops to $86,000, its lowest level in weeks.
- HYPE rises 25%, surpassing $27.
- Market cap of all crypto assets stays just over $3.050 trillion.
- Why it matters: The shift signals continued volatility in the market and highlights HYPE as a standout performer.
Bitcoin’s Decline
Bitcoin’s troubles began on January 27, 2025 when the Asian stock and futures markets opened following tariff threats. Within hours, the price fell $3,000 to $92,000 and continued to slide, reaching $87,200 in the following days. A brief rally mid-week lifted the price to just above $91,000, but that was short-lived.
By Sunday evening, Bitcoin had dropped to a new multi-week low of $86,000. A rebound the next day was capped at $89,000, leaving the cryptocurrency below $88,000 as of the latest close.
Price Timeline (Jan 27, 2025)
| Event | Price |
|---|---|
| Opening after tariff threat | $92,000 |
| Mid-week rally | $91,000 |
| Sunday low | $86,000 |
| Yesterday’s rebound | $89,000 |
Bitcoin’s market capitalization on CoinGecko is $1.750 trillion, while its dominance over altcoins remains calm at 57.4%.
Altcoin Performance
Most larger-cap altcoins have posted modest gains. Ethereum climbed to $2,900, BNB edged above $880, and Ripple approached $1.90 but stayed below that key resistance.
Other notable movements include:
- SOL, BCH, XMR: more impressive gains.
- RAIN, ZEC: marked even larger increases.
Hyperliquid’s token, HYPE, stands out with a 25% surge to a multi-week high of well over $27.
Top Gainers
- HYPE – 25% rise
- PUMP – significant gain
- HASH – notable increase
Market Overview
The cumulative market capitalization of all crypto assets remains relatively sluggish daily, at just over $3.050 trillion on CoinGecko. This figure reflects the combined value of Bitcoin, Ethereum, and the multitude of altcoins.
The dominance metric indicates Bitcoin’s share of the total market, which has stayed steady at 57.4%, suggesting that altcoins are not yet eclipsing Bitcoin’s influence.
Special Offer
News Of Los Angeles offers a $1,500 exclusive BingX Exchange reward for new registrations. The promotion is limited-time and available only to readers of News Of Los Angeles.
Disclaimer: Information found on News Of Los Angeles is those of writers quoted. It does not represent the opinions of News Of Los Angeles on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Key Takeaways
- Bitcoin’s price has fallen below $88,000, marking a continued downward trend.
- HYPE’s 25% rise to over $27 highlights it as a standout performer.
- The overall crypto market cap remains just above $3.050 trillion, with Bitcoin maintaining dominance at 57.4%.
- Readers can claim a $1,500 bonus on BingX through News Of Los Angeles‘s special offer.
These developments underscore the ongoing volatility in the crypto space and the importance of monitoring both major and niche tokens for potential opportunities.
