Monday Morning: Crypto Markets Hold Steady, Monero Hits New High

Picture showing Monday Morning

Crypto markets opened the new week with limited overall movement, as most major assets remained close to last week’s levels. Price action across Bitcoin and large-cap altcoins has been relatively stable, with only modest daily changes and no clear continuation of last week’s momentum.

Compared to previous weeks, volatility has cooled, and the market appears to be consolidating after recent gains earlier in January.

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Bitcoin And Major Assets

Bitcoin is slightly higher over the past 24 hours but remains below $92,000. On a weekly basis, BTC is down around 0.5%, a move that keeps it well within its recent trading range. Bitcoin briefly touched $94,000 on last Monday but was unable to hold above that level.

Chart showing Bitcoin

Ethereum is trading near $3,150, returning to levels seen earlier in the month. XRP continues to hold above $2, while BNB remains just above $900. Solana stood out among major assets, gaining around 4.5% today and reclaiming the $140 level.

The total crypto market capitalization stands at approximately $3.13T, meaning relatively stable conditions across the broader market over the last few days.

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Monero Strength Stands Out

Monero was the clear outlier this week, recording a gain of nearly 35% over the past seven days. The asset reached a new all-time high yesterday and is now trading above $570, after briefly approaching the $600 level earlier today.

The recent move pushed Monero’s market capitalization above $10B, marking a significant milestone for the privacy-focused asset. The strength in XMR has coincided with notable weakness in Zcash, following the resignation of its development team. Market activity suggests a possible rotation within the privacy coin segment, though broader conclusions remain premature.

Read also: Monero Breaks All-Time High, Surges Past $530

Market Sentiment

Market sentiment remains cautious despite localized strength in certain assets. The Fear and Greed Index is currently at 27, signaling fear, and has held in the high-20s range throughout the past week.

Fear and Greed Index

The CoinMarketCap sentiment index presents a slightly more balanced view, with a reading of 41, indicating neutral conditions. Overall, sentiment indicators suggest that investors remain reserved, even as prices stabilize near recent highs.

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Broader Context

Outside of crypto, traditional markets have shown increased sensitivity to political and macroeconomic developments, particularly surrounding central bank independence and upcoming inflation data. While these events have influenced currencies, equities, and precious metals, their direct impact on crypto pricing has so far remained limited.

For now, digital assets appear to be trading largely on internal market dynamics rather than reacting strongly to external headlines.

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Looking Ahead

As the market moves further into January, attention is likely to remain on whether consolidation resolves into renewed momentum or continued range-bound trading. With sentiment still cautious and volatility subdued, upcoming macroeconomic data and sector-specific developments may play a larger role in shaping short-term direction.

Kate Taylor

Kate Taylor