Bitcoin (BTC)

Crypto Market Plunges: BTC Below $89,000, a Dark Week Ends

📖 1 min de lecture The mood is heavy on markets this Wednesday, January 21, 2026. Bitcoin (BTC) is trading at $88,312.84, down 4.6% on the day and 7.3% on the week. Ethereum (ETH) follows the trend at $2,935.62, also declining. This brutal correction comes after a consolidation period that had seemed promising. Trading volumes...

⏱ 1 min de lecture
⏱ 1 min de lecture
📖 1 min de lecture

The mood is heavy on markets this Wednesday, January 21, 2026. Bitcoin (BTC) is trading at $88,312.84, down 4.6% on the day and 7.3% on the week. Ethereum (ETH) follows the trend at $2,935.62, also declining. This brutal correction comes after a consolidation period that had seemed promising. Trading volumes have surged, a sign of selling panic. Technically, BTC has broken the key support at $90,000, a level that had held since early January. The RSI (Relative Strength Index) has dropped below 40, indicating an oversold zone, but without an immediate reversal signal. Macroeconomic factors weigh heavily: fears of rising US interest rates, fueled by stronger-than-expected inflation data, have pushed investors toward safe havens like the dollar. Overall sentiment is bearish, with massive liquidations of long positions. Altcoins are also suffering, with some losing more than 10%. For now, the market is searching for a bottom. Outlook: stabilization around $87,000 is possible if buyers return, but the trend remains fragile. The coming days will be crucial in determining whether this move is a simple correction or the start of a deeper bearish trend.

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