According to, Bitcoin fell below $88,000 on January 21, erasing early-January gains and dragging the wider crypto market lower. The drop cut Bitcoin’s market cap to about $1.8 trillion and raised its dominance to 57.5%.
Data shows that selling intensified when Asian and futures markets opened, accelerating the decline. Prices fell from roughly $95,500 to under $88,000 over the span of days (Ed. note: Markets shed over $250 billion since Monday morning).
Major altcoins also dropped sharply. Ethereum slid from above $3,300 to below $3,000, XRP fell to about $1.90, and BNB lost its $900 support.
Other tokens posted mixed moves. TRX declined roughly 3% daily, XMR plunged about 15% to under $500, and HYPE dumped over 8% to about $21, while CC gained about 7% and WLFI rose near 5%.
The aggregate crypto market cap dropped below $3.1 trillion. Bitcoin traded about 2% lower on the day and roughly 6% down for the week.
