Crypto majors are very red following a red Tuesday across markets; BTC -3% at $88,200; ETH -6% at $2,905, SOL -2% at $127; XRP -2% to $1.88. MYX (+11%) and ZRO (+10%) led top movers. Bitcoin and Solana both broke below key support levels.
The cryptocurrency market faced widespread selling pressure on Tuesday (1/21), with major tokens declining across the board. Bitcoin (BTC) fell below the $90,000 mark, and Ethereum (ETH) saw the steepest losses. According to Decrypt, market sentiment has turned cold, though some tokens managed to buck the trend.
Global financial markets broadly faced pressure on Tuesday, with the crypto market following suit. Bitcoin shed 3% on the day, breaking below the $90,000 level to $88,200; Ethereum suffered a harsher decline, plummeting 6% to $2,905; Solana fell 2% to $127; XRP同步走跌2%至$1.88 dropped 2% to $1.88.
Technical signals turned bearish as both Bitcoin and Solana broke below key support levels, indicating accelerating selling pressure across the market.
Amid the broader selloff, some crypto assets showed resilience:
The strong performance of these two tokens served as rare bright spots in an otherwise黯淡市場中難得的亮點.
Market observers noted that former U.S. President Donald Trump delivered remarks at the World Economic Forum in Davos, Switzerland, appearing to send friendly signals toward the cryptocurrency industry and providing a small boost to market confidence. Separately, MicroStrategy founder Michael Saylor was reported to have made another large-scale purchase of Bitcoin worth $2.13 billion, injecting some momentum into the market. Analysts are closely watching whether Bitcoin can find support in the $85,000–$88,000 range; failure to hold could invite deeper pullbacks.
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