Crypto Dragged by Risk-Off: Bitcoin Breaks $90,000, Altcoins Also Plunge
Bitcoin briefly fell past $90,000 and is now hovering around $87,933 (down ±1.9%). Pressure arose as global markets returned to risk-off mode, leaving speculative assets like crypto vulnerable.
Bitcoin's movements remained volatile on Wednesday (January 21st). The daily high reached $90,379, then dropped to a low of around $87,304. This signals that the market remains highly sensitive to headlines—a slight shift in sentiment can immediately reverse direction.
The pressure wasn't limited to Bitcoin. Ethereum (ETH) fell to around $2,896 (down ±3.3%) after moving within an intraday range of $3,014–$2,873. This means the weakness has spread to other major assets.
Top altcoins were also hit. Solana (SOL) weakened slightly to $126.27 (down ±0.2%), while XRP fell to $1.88 (down ±1.6%). This correction felt widespread, not isolated.
On the higher-risk side, Dogecoin (DOGE) also fell to $0.121629 (down ±1.7%). Meanwhile, BNB weakened to $869.35 (down ±2.4%), indicating pressure was also affecting exchange coins, not just memes.
The main triggers came from a combination of global sentiment: the Greenland drama that continues to strain US-Europe relations (despite Trump's assertion that he will not use military force), the volatility in the Japanese bond market that pushed yields up, and the stalled US crypto regulatory process after deliberations on a key bill in the Senate were reportedly delayed. All of this led investors to play it safe and reduce their exposure to risky assets.
Source: Newsmaker.id
