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It's interesting to observe how today's crypto market is developing. Bitcoin is holding around 73-74K, but what really attracts traders' attention is the movement in altcoins. DASH suddenly became active, although the price has now corrected to $38. Rumors say there was a strong short liquidation earlier, which triggered the move.
Monero also shows interest in privacy coins, although it is now retreating to 338. In the broader altcoin market, investors have shifted away from main coins — the CD80 index is outperforming the BTC-oriented CD20 this month. Meme coins have returned to the game, with volumes on Solana-based platforms reaching new records already in early January.
Litecoin is holding at $53-54, but interestingly, open interest has increased by over 20% despite the price decline — usually a sign of a downtrend. Some new tokens, like LIT and NIGHT, continue to fall from their debut prices, although the overall altcoin dynamics remain positive. It’s clear that traders today are willing to take risks on more volatile assets instead of waiting for big moves in BTC.