Crypto Market Cap Drops to $3.12 Trillion Amid Intensified Short-Term Selling
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 07 2026- Market Cap Decline: The total crypto market cap has fallen to approximately $3.12 trillion, indicating intensified short-term selling pressure, although overall market sentiment remains neutral, suggesting investors are not entering panic mode.
- Bitcoin and Ethereum Performance: Bitcoin is trading around $91,100, down over 3% on the day, while Ethereum has slipped more than 4% to about $3,150; however, both assets remain positive on a weekly basis, highlighting a disconnect between short-term volatility and long-term trends.
- Sentiment Indicators: The Fear and Greed Index holds steady at 49, indicating neutral market sentiment, while the average crypto RSI has dipped to 49.45, confirming that the market is neither oversold nor overheated, reflecting a cautious investor stance.
- XRP's Unique Performance: Despite overall market weakness, XRP has dropped over 8% in the past 24 hours but has gained over 18% on the week, suggesting that recent selling is more likely profit-taking rather than a complete breakdown of the trend.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
