Why is Crypto Down? Why did Bitcoin, Ethereum, and Solana drop while JetBolt is Flying High

The cryptocurrency community is caught up in a whirlwind of market fluctuations, with crypto giants Bitcoin, Ethereum, and Solana taking a dive. Bitcoin and other cryptocurrencies experienced a decline on January 13th, following a stronger-than-anticipated U.S. jobs report, which triggered talks about looming inflation and dampened expectations for early interest rate cuts by the Federal Reserve.

In contrast, the new altcoin JetBolt (JBOLT) continues to conquer new heights. Fueled by cutting-edge technologies and innovative Web3 utilities, JetBolt’s presale is spiking with over 265 million tokens already sold. 

Riding the crypto rollercoaster, can Bitcoin, Ethereum, and Solana flip the situation and rewrite their narratives? Let’s unravel this divide to discover the reasons behind the drop of these established coins while JetBolt is flying high.

Bitcoin: Is BTC headed for further declines?

Bitcoin (BTC) surged past $100,000 in December 2024, reaching an all-time high (ATH) of $108,364 seemingly fueled by the election of Donald Trump, who pledged to usher in a new era for cryptocurrency in the U.S. During the week of the Fed cut rates announcement, the broad market experienced a slump, seeing major cryptocurrencies like Bitcoin plunge. BTC recorded an intraday high of $95,797.42 on the last day of 2024, still below the $100K mark.

Hovering between $90,000 to $99,000 during the first few days of 2025, Bitcoin made a rebound on January 7th and reclaimed the $100K level, peaking at $102,015. However, such gains were erased as Bitcoin took a dip from January 8th, struggling to hold support above the $100K critical level and recording a low of $90,897.92 on the 13th of January. As of writing, BTC is trading at $97,154.16. 

Steno Research warned BTC holders to brace for further potential selloffs, as rising U.S. prices contribute to a challenging macroeconomic environment for risky assets. He added that the downtrend may continue, with Bitcoin possibly dropping to as low as $85,000.

According to Steno, sustained US inflation “could further pressure the crypto market, likely worsening conditions before prices eventually return to green”. Data revealed that U.S. job growth accelerated in December 2024, pushing 10-year Treasury yields to 14-month highs and increasing the likelihood of fewer rate cuts in 2025.

“Bitcoin seems to be held back by strength in the US dollar, which is rising due to more hawkish Fed policy and the threat of tariffs,” Zach Pandl, Grayscale’s head of research, told Cointelegraph on January 10th. 

Ethereum: Can ETH make a rebound?

Ethereum (ETH), the second-largest cryptocurrency, has traded below $3,500 for seven days, reflecting a broader bearish trend. Since hitting an intraday high of $3,744 on January 7th, ETH’s price has fallen by 13%.

As the coin experienced correction from January 6th to January 13th, Ethereum dropped to a low of $2,924, which triggered $395 million in leveraged long liquidations. ETH-based products also experienced net outflows of $256 million for the week, attributed to a broader tech sell-off rather than any specific problems within the Ethereum ecosystem. 

Exchanging hands at $3,223.13, ETH’s current price movement has generated significant interest, particularly among large investors. A whale liquidated 10,070 ETH, leading to an approximate loss of $1 million. This sell-off occurred as Ethereum's price struggled to regain momentum, hovering around $3,280 at the time of the transaction.

As the entire crypto market experiences volatility, Ethereum's price is reflecting this downtrend, dropping almost 5% in the last seven days. With the Fed warned of looming inflation, the overall market sentiment is shifting from excitement to caution, with many traders bracing for further price declines.  

JetBolt: Flying high with zero-gas transactions and a skyrocketing presale 

While Bitcoin and Ethereum face their respective challenges, the young altcoin JetBolt (JBOLT) continues to make its way up the blockchain ladder. Following its sensational presale showing with over 265 million tokens sold since launch, this exciting new altcoin is redefining the Web3 experience with its game-changing technologies and practical utilities. 

Powered by the Skale Network, JetBolt's landmark zero-gas technology eliminates costly gas fees, paving the way for a significant change in how users can engage with blockchain technology. Zero-gas tech will allow users to carry out blockchain transactions without the financial burden of gas fees. Furthermore, zero-gas could allow developers to work on innovative projects across dApps, NFTs, and Web3—unhindered by high gas costs. 

JetBolt’s easy-to-use Web3 wallet, equipped with advanced features like WebAuthN and face recognition, simplifies crypto management for both newcomers and experienced crypto buffs. Furthermore, JetBolt has an AI-driven tool that delivers exciting crypto news and fresh market updates to users in an easy-to-navigate format. 

To sweeten the deal, JetBolt presents attractive presale incentives. Early participants can secure up to 25% token bonuses when they avail of the exclusive Alpha Box bundles. And, as the token is still in its presale stage, JetBolt’s price increases daily, providing an enticing opportunity for early buyers to get hold of JetBolt now.

Having sold more than 265 million tokens in presale, JetBolt is soaring. With tech-powered features and blockchain solutions coupled with tangible user benefits, JetBolt shines as an exciting new altcoin.

Solana: After reclaiming $182, is SOL gearing to bounce back?

Solana (SOL) finds itself at a crucial juncture after a volatile trading day. SOL’s price plummeted over 11% on January 14th, nearly falling below the $175 mark before making an impressive recovery. Within a few hours, SOL managed to reclaim the $182 level, a critical demand zone that has consistently attracted investor interest.

Priced at $187.62, and still below its all-time high of $264 achieved in late November 2024, SOL appears to be showing renewed strength after yesterday's low near $175. This sharp drop followed weeks of persistent selling pressure, leaving investors uncertain about Solana’s immediate future. However, optimism is starting to return as SOL demonstrates signs of resilience.

Top analyst Jelle shared insights on X (formerly Twitter) about Solana’s recent recovery. He noted that SOL has risen above its recent lows, successfully retested the 200-day exponential moving average (EMA), and closed above key levels. Jelle’s analysis further shows that buyers are stepping in at important support zones, giving SOL’s price a much-needed lift.

As Solana attempts to stabilize, investors are closely monitoring key resistance levels, especially the $210 mark, which could indicate the resurgence of a bullish trend. However, with the ongoing market turbulence and risks, the coming days will be crucial in assessing SOL’s ability to maintain its recovery and possibly reach new highs.

Summary: Why did Bitcoin, Ethereum, and Solana drop while JetBolt is Flying High?

As the crypto landscape experienced market-wide turbulence leading to a price correction, major cryptocurrencies Bitcoin, Ethereum, and Solana took a plunge, affected by developments at the macroeconomic level. This downturn reflects the crypto market’s volatility, and how, despite attempts at decentralization, crypto prices remain tied to economic data and indicators. At the same time, the young altcoin JetBolt provides a breath of fresh air, offering groundbreaking technologies and Web3 innovations that could enhance the blockchain experience. Flying high with its presale boom of over 265 million tokens sold, JetBolt is an intriguing altcoins to watch.

To learn more about JetBolt, head over to the official JetBolt website.

Note: This article is intended for informational purposes only and should not be treated as financial or trading advice. Always conduct personal research before buying any cryptocurrency, as all digital assets carry inherent risks.