MarketsBitcoinEthereumAltcoins
|2 min ReadCrypto Market Slides as Bitcoin Erases Yearly Gains, Ethereum is fighting to hold the 3,000 dollar line.
Carter Hayes
Senior Analyst
Published
Jan 16, 2026
The crypto market is losing steam again. Selling pressure intensified early Tuesday, pushing bitcoin back toward levels last seen at the start of the year. Ethereum is fighting to hold the 3,000 dollar line. Altcoins are bleeding across the board. The mood is heavy, and the charts show it clearly.
Bitcoin Breaks Lower and Wipes Out Its 2025 Performance
According to Binance market data, bitcoin fell to 93,005 dollars this morning before bouncing slightly to 94,238 dollars. That is a 1.43 percent drop in 24 hours. Bitcoin opened the year around 93,576 dollars, which means almost all of its gains for 2025 have vanished.
The slide adds to a broader pattern of declining momentum. Total crypto market capitalization slid 2 percent in the last day to 3.268 trillion dollars. Traders who expected a clean rebound are now watching support levels with growing caution.
Ethereum Holds 3,000 as Majors Lose Ground
Ethereum touched 3,004 dollars this morning and later traded near 3,093 dollars, down 2.43 percent in 24 hours. The coin is trying to defend the 3,000 dollar mark, a level many traders consider a key psychological floor.
BNB traded at 926 dollars. Solana slipped to 137 dollars. Both moved in line with broader market weakness, giving investors few places to hide.
Altcoins Fall Sharply as Risk Appetite Fades
Selling intensified in the altcoin market, with several tokens posting steep single-day losses.
GIGGLE traded at 130.5 dollars, down 9.59 percent.
F slipped to 0.01 dollars, down 8.87 percent.
PARTI fell to 0.065 dollars, down 8.6 percent.
PHA traded at 0.05 dollars, down 8.5 percent.
ICP dropped to 4.86 dollars, down 8.3 percent.
The broad decline shows fading risk appetite and heavier outflows from smaller-cap assets. With bitcoin losing its yearly gain and ethereum stuck near key support, the market is bracing for more volatility as sentiment weakens.
Disclaimer: This document is intended for informational and entertainment purposes only. The views expressed in this document are not, and should not be taken as, investment advice or recommendations. Recipients should do their own due diligence, taking into account their specific financial circumstances, investment objectives and risk tolerance, which are not considered here, before investing. This document is not an offer, or the solicitation of an offer, to buy or sell any of the assets mentioned.