Gate.io Blog 5 Coin Weekly Forecast | BTC ETH BNB SOL XRP

5 Coin Weekly Forecast | BTC ETH BNB SOL XRP

15 January 10:43

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![](https://gimg2.gateimg.com/image/article/1690791888top5cryptoprediction.jpeg)
## TL；DR
Over the past week, the cryptocurrency market has been deeply influenced by news factors, mainly focusing on the final approval of BTC spot ETFs. The cryptocurrency market and key mainstream currencies have experienced significant fluctuations. However, after the approval of BTC spot ETFs, the overall market gradually began to stabilize, and the time point that triggered market sentiment was mainly concentrated before the 11th of the US time. The five most mainstream currencies were also affected by it, and the cryptocurrency market quickly poured in a large amount of funds in a short period of time, with a peak exceeding $1.8 trillion. However, with the final determination of news factors, the trends of several key mainstream currencies reflect the rapid changes in market sentiment. Currently, due to the subsequent hot topics of <a href="/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a>, the price trend of ETH has shown a further upward trend, while other mainstream currencies have entered a volatile downward phase. Overall, the market will enter a new oscillation cycle in the short term, and the amplitude may not show an excessive state until the next wave of overall hot events in the market arrives. At present, the total amount of funds in the cryptocurrency market remains around $1.69 trillion, which is a certain degree of decline compared to the peak within a week. At present, the top five cryptocurrencies in the total market value of the cryptocurrency market are <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> (BTC), Ethereum (ETH), Binance (<a href="/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB</a>), <a href="/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a> (SOL), and Ripple (<a href="/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a>).

In the past five weeks, major currencies have shown a rapid rise and fall trend, with a basically consistent fluctuation trend except for Ethereum. That is, BTC spot ETFs quickly reached their peak before and after approval, and then fluctuated and fell all the way. This week, Bitcoin was affected by this hot topic and its price approached $49,000 at one point. In terms of other mainstream currencies, ETH's price changes are the most unique. After the hot spot, the market has entered a new upward cycle, and the overall price increase in a week is also significant, with the price peak approaching $2,700. This article will study the performance of major assets, explore the factors that affect their price trends, and conduct corresponding analysis to predict their future short-term price trends.

## Bitcoin (BTC)
Bitcoin has fallen by about 2.62% this week and is currently closing at around $42,951. The overall decline in price within a week is not particularly significant, but compared to the weekly high, the decline is relatively large. Bitcoin reached its highest point of $48,626 this week. This week, due to the market hotspots brought about by the approval of spot ETFs, the final impact on the coin price was very intuitive on the approval day. The increase in trading volume and demand in a short period of time has led to the <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin price</a> reaching a new high in over a year, but it is difficult to maintain, and soon entered a period of volatile downward trend.

Analysis suggests that the price trend of Bitcoin within a week is heavily influenced by news factors. Prior to the release of the approval results, the market sentiment was heavy, and the frequency of large-scale buying of Bitcoin was also high. However, due to the approval of the first batch of ETFs, it still takes time for mainstream investment markets to accept cryptocurrencies. Obviously, this round of hot topics has not had a direct and immediate impact on Bitcoin, and the rise of coin prices still requires some time. However, the final approval of the BTC spot ETF is a landmark event for the cryptocurrency market and Bitcoin itself. Although the downward trend of Bitcoin prices is relatively obvious, it has entered a relatively stable oscillation cycle, with the coin price maintaining a continuous fluctuation around $43,000. Whether the currency can rebound to the $45,000 level in the future will determine whether it is further bullish, On the contrary, it will maintain a small fluctuation within the current range.
![](https://gimg2.gateimg.com/image/article/1705286473img_v3_0274_17678175-8fff-478e-9461-4f4ebb0982ix.jpg)
Bitcoin Price Data (Data Courtesy of CoinMarketCap)

## Ethereum（ETH）
Ethereum rose 13.75% this week, closing near $2,542, with a significant increase in price over the week. Compared to Bitcoin, the price trend of Ethereum has been somewhat unique this week. Although it has been greatly influenced by news factors, the overall price of Ethereum has remained within a relatively high price range due to the short-term fluctuations in the overall upward trend of the market. Although the BTC spot ETF was approved, the price of Ethereum also reached a one-week high, approaching the $2,700 level. Subsequently, the market changed, and various mainstream currencies experienced price pullbacks. However, due to the approaching hot events, Ethereum became a new market speculation target, and the price remained within a new range, rising from above $2,200 to above $2,500, with an overall significant increase.

Analysis suggests that the price trend of Ethereum this week is also greatly influenced by market hotspots and changes in the overall market, including recent actions of various projects within the Ethereum ecosystem. However, more importantly, due to the rapid changes in the Bitcoin market, a large amount of funds have chosen to invest in Ethereum to maintain financial stability. This is closely related to the rapid shift in market trends during the same week and is also caused by the position of Ethereum as the only mainstream currency in the cryptocurrency market. At present, the price trend of Ethereum has entered a new round of the market cycle, with the coin price remaining stable in the range of $2,500 - $2,600 and experiencing continuous fluctuations. The intraday fluctuations are relatively small. Earlier, it was predicted that there is still a lot of room for the price increase of Ethereum. The difference between the high and low points of the price this week, which is close to $500, also proves this point. Although the price correction of this currency is relatively small. However, the failure of the currency price to remain above $2,600 also reflects the current decline in market sentiment. The short-term price trend of Ethereum in the future is more likely to maintain the current price range with slight fluctuations, but combined with the upcoming predictable hot topics of Ethereum, another rise in ETH is an inevitable event, but this cycle will require a slightly longer time.
![](https://gimg2.gateimg.com/image/article/1705286516img_v3_0274_b974a5ac-60e1-4667-a02f-2171aadff4ix.jpg)
Ethereum Price Data (Data Courtesy of CoinMarketCap)

## Binance（BNB)
BNB fell 0.09% this week and closed around $305. The market trend of BNB this week has been greatly affected by trading volume fluctuations caused by market hotspots. Although the overall fluctuation of the coin price within a week is small and basically maintains a rapid rise and fall within the range of $20, the price curve still shows the changes in the cryptocurrency market trend within a week. The highest weekly price of BNB reached $316, which appeared on the day of approval of BTC spot ETF. The market funds increased rapidly and the trading volume surged, causing the coin price to reach this high point. However, with the rapid cooling of market sentiment and the fact that Binance platform is among the top trading volumes in this round, the impact of changes in the overall market situation on the price of BNB is very obvious, So the weekly price trend of this currency also fully reflects the state of market fluctuations in this round.

Analysis suggests that the overall price of BNB remained within a small range of fluctuations this week. Although it was greatly affected by market fluctuations, it was mainly reflected in changes in intraday trading volume. Overall, the price of BNB has mostly remained within the range of $290-$310 for most of the time, and the Binance platform has also lacked more hot spot actions within a week. Therefore, the price of Binance Coin mainly follows the fluctuations of the market to a certain extent, which is a routine fluctuation driven by market transactions. In the future, whether the price of BNB can rebound to $320 is relatively crucial. This price resistance level determines whether the coin price can continue to rise. Of course, its price trend is likely to maintain a trend of following the overall changes in the market, which is also determined by the application properties of BNB itself. In the future, it is necessary to continue to pay attention to relevant hot market information, and the price trend of BNB will have a certain lag.
![](https://gimg2.gateimg.com/image/article/1705286539img_v3_0274_859cbb66-4c1f-41da-84ab-8b368b1627ix.jpg)
BNB Price Data (Data Courtesy of CoinMarketCap)

## Solana（SOL)
SOL has also seen a significant overall increase this week, rising by 7.56% to close at $101.92. The price of SOL was also affected by the hot topic of BTC spot ETF approval this week, but overall the correlation is not deep. In the opening stage, there was a rapid decline trend, from $93 to around $86, and then quickly rebounded. However, the high point of the currency's price within a week only reached around $107, which is still due to the bullish sentiment in the market caused by the approval of ETFs. After the market rapidly cooled down, the SOL coin price retreated to around $90, but then entered a rebound cycle, currently breaking through $100 again.

Analysis suggests that SOL's performance this week is mainly based on the market trend triggered by changes in market hotspots. The approval of BTC spot ETF has driven the overall bullish and bearish sentiment in the market, resulting in a strong correlation between SOL coin prices and most other mainstream currencies. However, after the hotspots, SOL, as a popular mainstream currency, experienced a first decline and then an increase. This can also reflect the short-term investment attitude of the mainstream investment market towards BTC, causing cryptocurrency users to generally follow other mainstream currencies. This is a relatively direct response, similar to Ethereum, which is a transfer of market hotspots and emotions. However, given the rapid rise in SOL earlier and frequent ecological actions, there is a high probability of a bullish trend in the short term.
![](https://gimg2.gateimg.com/image/article/1705286562img_v3_0274_97b8a23f-38a7-4c44-bef8-d921a8c6f9ix.jpg)
SOL Price Data (Data Courtesy of CoinMarketCap)

## Ripple（XRP)
XRP rose 2.71% this week and closed near $0.5786. The price of XRP was similar to most popular currencies this week and was affected by market hotspots. There was a significant upward trend before and after a critical time point. Within a week, the high point of the coin price broke through the $0.62 price range, and the low point appeared around the opening stage of $0.55. Compared to the coin price trend curves of Bitcoin and SOL, the price of XRP has slightly lagged behind, and its price decline mainly occurred during the 13th period. Currently, it has entered a small range of fluctuations, with a slight upward trend.

Analysis suggests that this week, due to market fluctuations caused by hot topics, the price of XRP has also shown a following trend, breaking through the key price of $0.6 again. However, as the overall market rebounds, XRP has not been able to continue operating above $0.6. However, the current price range of XRP remains consistent with the previous rapid increase, and its trend is relatively more stable. With the shift of market hotspots in the future, XRP is likely to rise to a certain extent in the current market cycle, and may return to the price range of $0.59 with minor fluctuations in recent trading.
![](https://gimg2.gateimg.com/image/article/1705286593img_v3_0274_18b90136-b385-4a70-a97e-ae762b468cix.jpg)
XRP Price Data (Data Courtesy of CoinMarketCap)

## What is to come?
Compared to last week, the price performance of BTC, ETH, BNB, SOL, and XRP this week has been mostly affected by the ups and downs caused by market hotspots, and the upward trend has remained basically in sync. However, after the overall market correction, the performance of ETH can better illustrate the problem of the rapid shift in the focus of market hotspots. In the short term, the price trends of several mainstream currencies should show uneven fluctuations, which is closely related to the differences in the basic situation of their respective ecosystems. The price trends of several mainstream currencies in the short term have been explained separately, but the temporary impact of news factors cannot be ruled out. More accurate information needs to be obtained through daily market fluctuations.

<div class="blog-details-info">
<div>Author:**Charles T.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

ETH/USDT + 5.16%

BTC/USDT + 0.21%

GT/USDT + 0.07%

TL；DR

Bitcoin _BTC_

Ethereum（ETH）

Binance（BNB_

Solana（SOL_

Ripple（XRP_

What is to come?

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