Bitcoin falls below $100,000, Shiba Inu declines, XRP gains strength

From Investing.com

January 8, 2025 11:30:18 PM:

Bitcoin has fallen below $100,000, trading at $95,933, down 1.04%. The recent correction broke the upward trendline, indicating a loss of momentum. Important support levels are at $92,500 and $87,500, with resistance at $100,000. Market volatility and liquidations are causing concern for traders.

Shiba Inu is at a critical turning point, trading at $0.00002171 after a 9.6% decline. Losing the 200 EMA could lead to further decline towards $0.00002000 and $0.00001750 support levels. Recovery targets include $0.00002350 and $0.00002500 resistance levels. Market correction and profit-taking are impacting SHIB’s price action.

XRP is outperforming with a 1.49% gain, trading at $2.32 while Bitcoin and Ethereum face declines. XRP shows strength with resistance at $2.50 and support at $2.10. A break above $2.50 could push XRP towards $3.00. Rising investor confidence and distinct market dynamics contribute to XRP’s resilience in the market.

Read more at Investing.com: Bitcoin’s (BTC) Goodbye to $100,000, Shiba Inu (SHIB) Approaches Last Support, XRP Stronger Than Everyone Else By U.Today