{"id":66736,"date":"2026-01-21T16:44:39","date_gmt":"2026-01-21T16:44:39","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/btc-sinks-below-90k-eth-xrp-slip-5-whats-driving-the-crypto-bloodbath\/"},"modified":"2026-01-21T16:44:39","modified_gmt":"2026-01-21T16:44:39","slug":"btc-sinks-below-90k-eth-xrp-slip-5-whats-driving-the-crypto-bloodbath","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/btc-sinks-below-90k-eth-xrp-slip-5-whats-driving-the-crypto-bloodbath\/","title":{"rendered":"BTC sinks below $90K, ETH, XRP slip 5%: what’s driving the crypto bloodbath"},"content":{"rendered":"

(Originally posted on : XRP News, Latest Stories & Analysis | Invezz )<\/b>
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Bitcoin fell sharply on Tuesday, dropping more than 3% to below $90,000 during US morning trading, as a wave of global risk aversion swept across markets. <\/p>\n

The sell-off was driven by a sharp rout in Japan\u2019s government bond market and renewed tariff threats from US President Donald Trump against Europe, pushing investors out of risk assets and into traditional safe havens.<\/p>\n

The world\u2019s largest cryptocurrency slipped to levels not seen since late last year, erasing much of its gains for 2026. <\/p>\n

With the move, Bitcoin was trading only about 3% above where it began the year, highlighting how quickly sentiment has reversed.<\/p>\n

Losses were not confined to Bitcoin. Ether fell more than 5% over the past 24 hours, sending the second-largest cryptocurrency back below the psychologically important $3,000 level for the first time since Jan. 2. <\/p>\n

The decline marked a sharp reversal after a relatively stable start to the year.<\/p>\n

Why are Bitcoin and other altcoins going down<\/h2>\n


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The bearish momentum rippled through the broader digital asset market. <\/p>\n

XRP and Solana dropped more than 5%, while Cardano and Dogecoin each slid more than 4%. <\/p>\n

In total, the pullback shaved roughly 4% off the overall cryptocurrency market capitalisation, leaving it hovering just above the $3 trillion mark.<\/p>\n

The crypto sell-off mirrored a broader retreat from risk assets across global markets. <\/p>\n

In the US, the Nasdaq Composite was down nearly 2% on Tuesday. Asian and European equities also came under pressure, with Japan\u2019s Nikkei index falling 2.5% overnight and Germany\u2019s DAX declining about 1%.<\/p>\n

Safe havens, by contrast, attracted heavy inflows. Gold surged more than 3%, and silver jumped 7%, with both precious metals hitting new record highs. <\/p>\n

Investors increasingly turned to metals as protection against geopolitical uncertainty, trade tensions and instability in sovereign debt markets.<\/p>\n

The turmoil in Japan\u2019s government bond market added to the unease. A sharp sell-off in Japanese bonds sent yields higher, unsettling global fixed-income markets and reinforcing the move away from higher-risk assets such as equities and cryptocurrencies.<\/p>\n

Tariffs revive \u2018sell America\u2019 trade<\/h2>\n


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Trump\u2019s renewed tariff threats have been a central driver of the market reaction. <\/p>\n

The White House has warned it could impose 10% tariffs on imports from eight European countries starting Feb. 1, with the rate potentially rising to 25% by the summer.<\/p>\n

For crypto investors, the rhetoric has been particularly damaging. Market participants recall April last year, when similar tariff threats triggered a sharp sell-off that saw Bitcoin lose roughly a third of its value in a short period.<\/p>\n

Trump\u2019s ambition to position the United States as the world\u2019s crypto capital has increasingly linked digital assets to US risk sentiment. <\/p>\n

As a result, the re-emergence of the so-called \u201csell America\u201d trade has weighed heavily on Bitcoin alongside U.S. stocks.<\/p>\n

At the same time, capital has flowed out of digital assets and into gold. The metal\u2019s surge to record highs, including its first move above $4,700 per ounce earlier this year, has been driven in part by speculative inflows. <\/p>\n

Investors who previously chased momentum in Bitcoin are now doing the same in precious metals, market participants said.<\/p>\n

Strategy presses on with Bitcoin buying<\/h2>\n


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Despite the sharp downturn, long-term accumulation by major holders has continued. <\/p>\n

Strategy, the world\u2019s largest publicly listed Bitcoin holder, disclosed that it bought an additional 22,305 BTC last week for $2.13 billion, according to a filing with the US Securities and Exchange Commission.<\/p>\n

The purchases were made at an average price of $95,284 per Bitcoin. <\/p>\n

The acquisition lifted Strategy\u2019s total holdings to 709,715 BTC, bought for approximately $53.92 billion at an average cost of $75,979 per coin.<\/p>\n

The aggressive buying underscores the divide between short-term market volatility and long-term conviction among some institutional players. <\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : XRP News, Latest Stories & Analysis | Invezz ) Bitcoin fell sharply on Tuesday, dropping more than 3% to below $90,000 during US morning trading, as a wave of global risk aversion swept across markets. The sell-off was driven by a sharp rout in Japan\u2019s government bond market and renewed tariff […]<\/p>\n","protected":false},"author":3947362387,"featured_media":66737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[38],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/66736"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362387"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=66736"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/66736\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/66737"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=66736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=66736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=66736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}