Crypto Price Today: On January 13, the crypto market showed clear signs of weakness. Investor sentiment appeared cautious, impacting the prices of major tokens. The total crypto market capitalization remained around $3.09 trillion, but trading sentiment was weak. Rising global political tensions and outflows from ETFs added to the market pressure.
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Story Coin Surprises Investors
While most major cryptocurrencies were experiencing declines, Story Coin performed exceptionally well. In the last 24 hours, this token delivered a return of over 18 percent, reaching a price of $2.88. Every week, it registered a surge of more than 35 percent. A major factor behind this surge was the significant trading volume on Upbit, a leading South Korean exchange, which recorded approximately $272 million in trading volume in just 24 hours.
Bitcoin Price Sees Slight Dip
Regarding Bitcoin, its price fell by 0.61 percent in the last 24 hours, trading at $91,393.43. One reason for the market pressure was the liquidation of Bitcoin long positions worth $38.5 million. Additionally, continuous outflows from Bitcoin ETFs have increased investor concerns.
Ethereum, Solana, and Dogecoin Also Under Pressure
Ethereum’s price also showed weakness. After a 1.39 percent drop in 24 hours, it fell to $3,114.26. Increasing outflows from Ethereum ETFs also affected market sentiment. Solana saw a 2.9 percent decline, with its price slipping to $138.63. The liquidation of Solana positions worth approximately $8.65 million further increased the pressure. Meanwhile, Dogecoin’s price fell by 2.39 percent to $0.1373.
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The Impact of Global Tensions on Crypto
Rising geopolitical tensions involving the US, Venezuela, and Iran have forced investors to distance themselves from risky assets. Increased volatility in the crypto market is considered common in such circumstances, and its effects are clearly visible in current trading.