Dash surges 30% to lead privacy coin rally as Monero jumps above $680

  • Dash price hit highs near $50 with a 30% spike in the past 24 hours.
  • Monero also soared as privacy coins gained.
  • DASH outpaced both XMR and Zcash.

Dash and Monero prices rose by double digits early Tuesday as privacy-focused tokens registered fresh gains.

Zcash, which has struggled in recent weeks, also showed renewed strength. Other coins, such as Verge and Horizen, also posted intraday gains.

But the broader upswing in the privacy coin segment comes amid an overall jittery market, with Bitcoin and Ethereum both poised at key levels.

Dash jumps 30% to lead privacy coins higher

Dash (DASH) traded more than 30% up in the past 24 hours, hovering near $50 as price action signalled bullish sentiment.

“Privacy coins are trending today, led by $XMR and $DASH as the top two most-searched coins in the last 3 hours,” CounGecko posted on X.

Market data shows the asset trading within an intraday swing of $37.20 and $49.47 as of writing on Jan 13.

Buyside pressure showed in the 24-hour trading volume surge.

Per CoinGecko, trading volumes jumped 212% to over $234 million.

Key technical levels for DASH include near-term support in the $36–$38 range.

Meanwhile, a resistance cluster has formed around $47–$53.

If the token breaks the resistance cluster it could lead to a potential breakout.

Monero continues uptick with 17% gain

Monero (XMR) has taken the spotlight among privacy-focused cryptocurrencies at the start of 2026, even as Zcash led the sector through much of last year, and analysts remain constructive on ZEC.

Attention has increasingly shifted toward XMR, which is widely regarded as a benchmark for transaction privacy due to its default use of obfuscation techniques.

Supporters argue that this design makes Monero one of the most robust privacy coins in the market.

The token has rallied sharply, gaining about 17% over the past 24 hours to trade above $680.

The move has been accompanied by a notable surge in trading volumes, signalling strong market participation.

From a technical perspective, traders are watching whether momentum can carry prices toward the $700 level.

The $650 to $615 zone is seen as an important area of support in sustaining the current advance.

If the rally extends, market participants are looking at the $800 to $880 range as a potential next area of resistance, with the psychologically significant $1,000 level emerging as a longer-term upside target.

What’s the outlook for Dash, Monero?

Despite the recent gains, analysts note that liquidity in the privacy coin segment remains relatively thin compared with major cryptocurrencies such as Bitcoin and Ethereum.

As a result, assets including Dash and Monero are more prone to sharp price swings.

That said, privacy-focused tokens have begun to reclaim key technical levels amid renewed investor interest, raising the possibility that bullish momentum could persist.

Alongside Dash, Monero, and Zcash, traders are also keeping a close watch on Verge and Horizen for further signals from the sector.

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Risk-on is back, says VanEck, as Bitcoin decouples and short-term signals fade

  • VanEck noted that Bitcoin has decoupled from stock and gold markets after the October deleveraging.
  • Justin d’Anethan said Bitcoin’s rise in a low-leverage environment shows excess speculation has eased.
  • Michaël van de Poppe predicted bitcoin could hit $100,000 after a clean move above $92,000.

Global investment management firm VanEck believes the first three months of 2026 could favour a risk-on environment, as investors regain something markets have lacked for years: clearer direction on key policy forces.

In a Q1 2026 outlook published on Tuesday, the firm pointed to improving visibility around US fiscal conditions, monetary policy expectations, and major investment themes.

That set-up is typically supportive for riskier corners of the market, such as AI and tech stocks, as well as crypto.

However, VanEck said Bitcoin is sending a different message, with short-term signals becoming harder to trust after a break in its usual cycle behaviour.

VanEck sees clearer policy conditions for early 2026

VanEck said markets are entering 2026 with “visibility,” framing it as a more stable phase compared to the uncertainty that dominated previous years.

The firm’s base case is that investors will face fewer shocks linked to fiscal and monetary decisions, creating a backdrop where risk assets can perform more confidently.

It added that improved clarity around policy direction is part of what makes the first quarter attractive for risk-taking.

At the same time, VanEck stressed that its views are medium-term in nature, rather than based on short-lived market events.

Bitcoin cycle break complicates the near-term picture

Despite expecting supportive conditions for risk assets, VanEck said bitcoin’s typical four-year cycle “broke in 2025,” making it difficult to rely on traditional timing signals.

The firm said this has contributed to a more cautious stance over the next three to six months.

VanEck also noted that not everyone inside the company shares the same level of caution, with some executives still taking a more constructive view on bitcoin’s immediate cycle.

The split highlights how unclear the near-term set-up has become, even as broader macro direction appears easier to read.

Bitcoin decouples after October deleveraging

VanEck also flagged that bitcoin has decoupled from stock and gold markets in recent months.

The move followed a major deleveraging event in October, which changed how bitcoin has traded relative to both equities and traditional safe-haven assets.

This matters because bitcoin’s correlation with other markets has often shaped how investors position it in a broader portfolio.

If those relationships weaken, it becomes harder to treat bitcoin as a simple extension of risk sentiment, particularly when leverage conditions shift.

Analysts debate the next move as BTC retests $92,000

Crypto investor Will Clemente said the current mix of market and geopolitical conditions is closely aligned with what Bitcoin was built for.

He pointed to pressure on the Fed chair, rising metals as countries diversify reserves, record highs in stocks and risk assets, and increasing geopolitical risk.

Meanwhile, crypto analyst Michaël van de Poppe said he expects Bitcoin to reclaim six figures before the end of January.

He noted there has been no dip below the 21-day moving average, with buyers stepping in to accumulate around these levels.

He added that a clear move above $92,000 could push BTC to $100,000 within a maximum of 10 days.

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Litecoin price outlook: is $80 next as BTC reclaims $92k?

  • Litecoin traded to lows of $75 as top altcoins slipped in early US trading.
  • Bitcoin and Ethereum also slid before picking up slight gains.
  • US Department of Justice has opened a criminal probe against Jerome Powell.

Litecoin price slipped more than 5% as the cryptocurrency markets experienced a synchronised downturn on Monday, with stocks also down amid concerns over the independence of the US Federal Reserve.

The price of Litecoin reached $75 but with BTC eyeing gains, could LTC jump towards $100?

Litecoin to mirror top coins?

Downside action across the crypto market followed a fresh dump for Bitcoin.

Bitcoin hovered near the $90,000 level in the early US trading session on Monday, having pared gains from above $92,000.

However, the token traded at around $92,135 at the time of writing, while Ethereum lingered close to $3,134.

Both Bitcoin and Ethereum were showing resilience as markets weathered bearish pressure.

While the two remain near respective psychological thresholds, reclaiming upside momentum may be key to Litecoin gains.

LTC traded at around $77 at the time of writing.

But as the chart below shows, the path lower appears stronger for the altcoin.

Litecoin Price Chart
Litecoin price chart by TradingView

Crypto slid amid Fed subpoenas

Notably, buyers saw prices dip as markets reacted to news that the Department of Justice (DOJ) had launched a criminal investigation into Federal Reserve Chair Jerome Powell.

Top altcoins like XRP and BNB saw declines, and Litecoin traded to lows of $75, last seen in late December.

The slide in the leading cryptocurrencies stemmed from risk-off sentiment triggered by the news of a DOJ probe against Fed chair Jerome Powell.

Powell released a statement on Sunday,  revealing subpoenas from the Justice Department.

Although the news saw Bitcoin flip to above $92k, declines followed as Wall Street futures dipped.

 

The DOJ’s subpoenas and criminal probe against Powell have intensified fears of political interference in US monetary policy.

Powell emphasised that the investigation appeared motivated by the Fed’s resistance to demands for aggressive interest rate cuts, rather than solely the renovation-related testimony.

“While the Fed needs reform, including maintaining the crucial issue of central bank independence while strengthening accountability, a mishandled process risks derailing appointments and undermining further policy effectiveness,” Mohamed El-Erian said on X.

This uncertainty has US stocks pulling back from recent record highs.

On Monday, the Dow Jones Industrial Average sank 0.8%, while the S&P 500 shed 0.3%. The tech-heavy Nasdaq Composite was down around 0.2%.

The pullback reflects broader risk aversion, with investors rotating toward perceived safe havens like gold. Gold prices indeed extended gains on Jan 12. amid the turmoil.

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