Bitcoin Today 13/01/2025: BTC Price Retracts to $90K Amid Market Crash

The price of Bitcoin Today 13/01/2025 is showing a significant pullback of over 3% that has caused the asset to fall to the $90k zone. Today, the cryptocurrency market is experiencing a sharp decline, with all major assets trading in the red. ETH, XRP, SOL, DOGE, ADA are recording corrections of over 5% in the last 24 hours.

Yesterday, Bitcoin traded higher at the $95 level before beginning a sharp correction with its price falling below $91 this morning. At the time of publication, the price of Bitcoin was quoted at $90.851,21 with a decrease of 3.8% in the last 24 hours, equivalent to approximately R$576,275.30 BRL and €89,685.54 EUR. In its weekly development, the price of the asset showed a retraction of 7.8%.

Analyzing recent movements, analysts at crypto exchange Santiment noted on January 13 that cryptocurrency trading volumes have seen a dip as “trading paralysis” has swept across the markets. “Top projects across Layer 1s, Layer 2s, meme coins, and AI last saw this low level of trading on November 4. The lack of enthusiasm is a sign of FUD, which increases the likelihood of rebounds,” observed .

Source: Santiment

In this scenario, the largest cryptocurrency started the week with significant losses, given that the main investment banks carried out a new assessment of expectations regarding the Federal Reserve's (Fed) rate cuts. The measure comes after the release of the jobs report on January 10.

In the same vein, following Bitcoin’s recent move, most major cryptocurrencies are seeing significant recoveries and significant price drops in the last 24 hours. Ethereum is trading at $3.077,98 with a 5.4% drop in its price. XRP is trading at $2,37 with a 5.1% drop. Cardano is trading at $0,9038 after recording an 8.6% drop. Solana is trading at $5.6.

Jobs Report Sends S&P 500 Slump: Fed Meeting Dates in 2025

Wall Street's major indexes posted significant declines on Friday, with the S&P 500 hitting its lowest level in a week. This move came in response to the latest US jobs report , which surprised markets, sparking new concerns about inflation and the Federal Reserve's monetary policy expectations.

According to the report, December saw the creation of 256.000 new jobs, surpassing projections that expected 165.000 jobs. This increase suggests continued strength in the labor market, contradicting earlier expectations of a slowdown that would help mitigate inflationary pressures.