Bitcoin price slips 3%, ignores US jobs beat as XRP sees all-time high
From cointelegraph by William Suberg
Bitcoin fell further beneath $100,000 after the Jan. 16 Wall Street open as markets shook off a US unemployment overshoot.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
BTC price wobbles as altcoins take the lead
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD targeting $97,000, down nearly 3% after the week’s initial jobless claims.
These came in above median estimates at 217,000 versus 210,000, respectively, suggesting that labor market health was slightly weaker than expected.
The increase was not a major one, however, and stocks remained stable at the US open after marked gains the day prior.
“Global markets rallied last night after a weaker-than-expected CPI report eased fears of rising inflation. BTC jumped 4.13% to a high of $100.8K before stabilising just below the $100K milestone,” trading firm QCP Capital summarized in a post to Telegram channel subscribers.
“The same level of optimism was also seen in equities as SP 500 rose 1.83% and Nasdaq gained 2.27%.”
US spot
Bitcoin ETF netflows (screenshot). Source: Farside Investors
QCP noted what it called “staggering” capital inflows to the US spot Bitcoin exchange-traded funds, or ETFs, which totaled $755 million for Jan. 15.
“The swift recovery in inflows reflects strong institutional demand and suggests an exciting outlook for crypto,” it continued.
XRP/USD 1-month chart. Source: Cointelegraph/TradingView
While Bitcoin returned to the $100,000 mark for the first time in over a week, however, It was altcoins that stole the show, led by new all-time highs for XRP
XRP$3.28on Bitstamp.
SOL$207.46also produced standout 8% daily gains to close in on price discovery.
Both were fueled by mainstream media reports that the incoming Donald Trump administration would seek to create a broader crypto reserve giving preferential treatment to altcoins founded in the US.
“With BTC dominance plummeting from 58.6% to 57.4%, altcoins are expected to outperform as profits rotate into ETH and other altcoins,” QCP concluded.
“For confirmation of altcoin season, BTC dominance will need to break below the support at 57.3% while hovering around the 100K milestone.”
Bitcoin crypto market cap dominance 1-day chart. Source: Cointelegraph/TradingView
No relief for Fed rate cut expectations
In a note of caution for crypto and risk-assets going forward, market expectations of a return to financial easing by the Federal Reserve remained almost nonexistent after the jobs data.
Related: Bitcoin risks weeks of sideways moves amid $102K 'rejection' warning
The latest estimates from CME Group’s FedWatch Tool maintained a mere 2.7% chance that the Fed’s upcoming meeting would yield a further interest rate cut.
Fed target rate probabilities. Source: CME Group
“Many consumers say they believe we are in a recession. Meanwhile, the stock market is less than 5% away from an all time high,” trading resource The Kobeissi Letter wrote in part of X analysis the day prior.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Aster News Today: Whale's Diverse Crypto Wagers: Profits in ASTER and STRK Offset by Major Shitcoin Losses
- "Bag Holding Shitcoins" whale (0xa2c) holds $870K unrealized losses in 22 low-cap tokens, with ASTER (+$130K) and STRK (+$180K) offsetting PUMP (-$130K) and PROMPT (-$290K) declines. - "Triple Short ASTER" whale (0x9ee) closed $44M short at break-even, now holds $273M in ETH/XRP longs amid Bitcoin's bearish trend and SEC enforcement risks. - Hyperliquid data highlights speculative trading in low-cap tokens, with $11.08M ASTER short (5x leverage) showing 58% unrealized loss, contrasting diversified whale

DASH Price Surges 41.44% Over the Past Month as DoorDash Broadens Grocery Delivery Services in Partnership with Family Dollar
- DoorDash's DASH stock fell 3.81% in 24 hours but rose 41.44% over a month amid grocery delivery expansion. - Partnership with Family Dollar adds 7,000 stores to DoorDash's app, expanding non-food delivery options via DashPass integration. - Strategic retail collaborations reinforce DoorDash's position as a one-stop local commerce platform, aligning with broader industry e-commerce trends.

Bitcoin News Update: Litecoin Faces Challenges at $95 While ETFs Do Not Boost Interest
- Litecoin (LTC) struggles at $95 amid crypto market slump, weighed by weak demand and macroeconomic uncertainty. - Bitcoin's "death cross" pattern and new ETF launches highlight bearish momentum, with XRP and LTCC ETFs showing mixed performance. - Kraken's $800M funding round ($20B valuation) signals institutional crypto interest but fails to offset broader sell-offs. - Market watchers await Bitcoin's technical signals and ETF performance to gauge sector recovery potential amid prolonged volatility.

YFI Drops 1.03% During Ongoing Downturn in a Volatile Market
- YFI plummeted 1.03% to $4,411 on Nov 19, 2025, with 44.98% YTD losses amid prolonged bearish trends. - Market volatility and lack of YFI-specific catalysts sustain bearish sentiment as investors adopt risk-off strategies. - Analysts highlight need for ecosystem upgrades or DeFi integrations to reverse YFI's consolidation phase. - Long-term uncertainty persists as YFI's performance remains tied to broader DeFi sector developments and regulatory clarity.

