Bitcoin Remains "Under Pressure," Market Awaits New Trigger
Bitcoin again "stuck" below the psychological level of $90,000 on Thursday (January 22nd), even though tensions over Greenland have begun to ease. At the last update, BTC was around $89,129, after hitting a high of $90,281 and dropping to a low of $87,555—a sign that the market is still susceptible to reversals based on headlines.
Risk-on sentiment in global stocks did improve after Trump softened his stance on European tariffs, but the impact on crypto was limited. As a result, crypto appears to have "missed the boat" compared to the equity rally—especially the technology sector—which is usually a barometer of speculative mood.
In the crypto market, attention is also divided by non-headline factors: retail interest that has not yet fully recovered, the risk of selling by crypto treasury companies if prices weaken further, plus the US regulatory agenda that has temporarily deprived the market of a catalyst.
Major altcoins also moved in a mixed manner. Ethereum (ETH) is around $2,941.98 (daily range $3,055.6 – $2,878.54), XRP is around $1.92, and Solana (SOL) is around $127.81.
Next up, Cardano (ADA) is around $0.361, BNB is around $884.11, and Dogecoin (DOGE) is at $0.12465—all of which remain sensitive to changes in global sentiment.
Meanwhile, Trump-themed memecoins are also affected by volatility: OFFICIAL TRUMP (TRUMP) is trading around $4.93.
Source: Newsmaker.id
