[New York Coin Market/Closing] Bitcoin pushed back at the $95,000 mark... Ethereum and XRP hold steady amid influx of big investors

Source: BlockMedia Original Title: [New York Coin Market/Closing] Bitcoin Fails to Break $95,000 Threshold… Ethereum and XRP Hold Steady Amid Large Investor Inflows Original Link: [Mexico=Sim Young-jae Special Correspondent] The New York digital asset market has turned bearish despite favorable external conditions such as a strong US stock market and soaring commodity prices. Early in the session, Bitcoin attempted to break through $95,000, but after the New York opening, profit-taking sell-offs quickly changed the mood.

Bitcoin pushed back just before $95,000

On the 6th(local time), according to CoinMarketCap, Bitcoin(BTC) rose to around $95,000 intraday but was pushed down by selling pressure, falling to $92,549. This represents a 1.07% decline for the day. Due to Bitcoin’s correction, the total market capitalization of digital assets also decreased by 0.2% compared to the previous day, reaching $3.17 trillion. However, Bitcoin dominance slightly decreased to 58.2%, indicating some funds are being redistributed into altcoins.

Overall market sentiment showed no clear direction. The Alternative Greed & Fear Index, which reflects investor sentiment, remained at 49, indicating a ‘neutral’ zone. With risk appetite and risk aversion balancing each other, the market appears to be in a phase of assessing short-term price levels.

Ethereum remains steady; large altcoins like XRP and Solana rebound

Ethereum(ETH) maintained a relatively steady trend. It traded at $3,251, up 2.44% from the previous day, and increased 9.12% on a weekly basis. The demand expansion through ETFs and institutional fund inflows are believed to have supported the price.

XRP(XRP) also showed strength amid ETF expectations and a recovery trend across major altcoins. XRP traded at $2.27, up 4.52% for the day, with weekly gains exceeding 25%. Solana(SOL) surged sharply due to short position liquidations and ETF-related news but later saw some profit-taking, limiting its gain to 2.68%. Bitcoin Cash(BCH) rose 0.57% to $907.

Dogecoin(DOGE) fell 2.2% over the day but maintained a weekly rebound with a 17.93% increase. Cardano(ADA) rose 4.6% daily and over 16.16% weekly, expanding its gains. Tron(TRX) and Bitcoin Cash(BCH) also increased by 2.5% and 6.3%, respectively.

The altcoin index today scored 24 out of 100, still showing relative weakness compared to Bitcoin. However, individual rebound trends are becoming more prominent, and a circulating buy flow within the market is becoming visible.

Options market continues bullish bets… Support at $90,000 and $3,300 is crucial

In the derivatives market, bullish positions are maintained. Jake Ostrovskis, Head of OTC at Wintermute, said, “There is an inflow of call spread options buying for both BTC and ETH,” indicating that bullish directional bets are still active. He added, “While institutional investors’ hedging strategies and systemic call selling are exerting downward pressure on prices, at the same time, low-cost buying is supporting the downside.”

Regarding medium-term outlooks, cautious optimism is also expressed. Matt Mena, a crypto strategist at 21Shares, noted, “Bitcoin, which declined about 6% last year, has recovered a significant portion within a week of the new year,” and pointed out, “Historically, Bitcoin has never declined for two consecutive years.” He further stated, “Digital assets are increasingly recognized as ‘strategic national assets’ amid rising political tensions and geopolitical uncertainties.”

Market participants see the ability of Bitcoin to defend the $90,000 level in the short term as a key turning point. If this level breaks, it could weaken short-term momentum. Conversely, breaking through $94,000–$95,000 could rekindle expectations for a $100,000 breakout scenario.

For Ethereum, maintaining above $3,300 is critical in the short term, with potential for further gains toward the $3,500–$3,800 range. Overall, the altcoin market’s capital flow and short covering continue, but whether a medium- to long-term bullish trend will emerge depends on Bitcoin’s movement.