From Nasdaq.:

Major cryptocurrencies, including Bitcoin and Ethereum, saw a drop in prices on Sunday evening as interest in Bitcoin exchange-traded funds (ETFs) tapered off. Google Trends data showed a significant decrease in searches for ‘Bitcoin ETF’ from January 10 to January 22. Meanwhile, Ron DeSantis withdrew from the presidential race, citing a lack of a clear path to victory. Top gainers in the cryptocurrency market include Manta Network, Siacoin, and Ronin, with a 3.45% decrease in the global cryptocurrency market cap in the past 24 hours.

Stock futures showed minimal movement on Sunday evening after the S&P 500 reached a historic peak on Friday. Investors are keeping an eye on key economic reports this week, including gross domestic product data and personal consumption expenditures prices. Cryptocurrency analyst Michael Van de Poppe believes the total market capitalization for crypto is ready for another push towards $2.1 trillion, but anticipates a consolidative period before the next impulse.

Pseudonymous cryptocurrency analyst Crypto Tony suggested the possibility of Bitcoin dropping below $40,000 before the upcoming block subsidy halving in April. On-chain analytical firm Santiment reported a rapid surge in Bitcoin of 3.2% in the last 3 hours, reclaiming the $42,000 threshold. This surge comes as Bitcoin was approaching the $40,000 mark, with bullish signals emerging on the RSI and 30-day MVRV metrics.



Read more: Bitcoin, Ethereum, Dogecoin Drop As Google Search Interest In Spot ETFs Plunges: Analyst Foresees King Crypto Below $40K Before April Halving