{"id":93359,"date":"2026-01-21T10:26:37","date_gmt":"2026-01-21T07:26:37","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=93359"},"modified":"2026-01-23T13:55:28","modified_gmt":"2026-01-23T10:55:28","slug":"bitcoin-falls-below-88000-amid-stock-market-decline","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-falls-below-88000-amid-stock-market-decline\/","title":{"rendered":"Bitcoin Falls Below $88,000 Amid Stock Market Decline"},"content":{"rendered":"

On January 20, the price of the leading cryptocurrency fell below $88,000. Following Bitcoin’s lead, altcoins also plummeted.<\/p>\n

\"BTCUSDT_2026-01-21_09-52-26\"
15-minute BTC\/USDT chart. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

Ethereum lost 4.4% of its market value, dropping to $2,973, BNB fell 4% ($877), XRP declined 1.7% ($1.92), and Solana decreased 2.6% ($128).<\/p>\n

\"\u0421\u043d\u0438\u043c\u043e\u043a
Source: CoinGecko<\/a>.<\/figcaption><\/figure>\n

The decline in digital assets coincided with negative trends in the US stock market. The S&P 500 and Nasdaq Composite indices lost over 2%, while the Dow Jones Industrial Average fell by 1.76%. According to CNBC<\/a>, this was the worst session for all three benchmarks since October.<\/p>\n

Cryptocurrency companies also faced pressure. Shares of Coinbase dropped 5.6%, Circle fell 7.5%, and the stock of the largest corporate holder of Bitcoin, Strategy, declined by 7.8%.<\/p>\n

Analysts attributed the sell-off to the closing of leveraged positions and a complex macroeconomic situation. Vincent Liu, Chief Investment Officer at Kronos Research, noted<\/a> that “risk-off” sentiment triggered cascading liquidations.<\/p>\n

In a single day, the volume of forcibly closed positions reached $929.66 million, with $822 million of that in long positions.<\/p>\n

\"\u0421\u043d\u0438\u043c\u043e\u043a
Source: CoinGlass<\/a>.<\/figcaption><\/figure>\n

Peter Chang, Head of Research at Presto Research, identified Japan as the epicenter of market turbulence. A massive sell-off of government bonds triggered a chain reaction: the yield on 10-year bonds jumped by 19 basis points in just two days. This is the sharpest rise since 2022, which traders have dubbed “Japanic.”<\/p>\n

The future course of events depends on the outcome of the snap elections scheduled for February 8. Chang believes the Bank of Japan may return to quantitative easing<\/a>. <\/p>\n

Lead researcher at Bitrue, Andri Fauzan Ajiima, advised monitoring Bitcoin’s support level in the $87,000-$88,000 range. Falling below these marks could lead to a drop to $85,000.<\/p>\n

Earlier in January, veteran trader Peter Brandt identified<\/a> a “death cross” on the chart of the leading cryptocurrency. The expert predicted the coin could fall to $58,000.<\/p>\n","protected":false},"excerpt":{"rendered":"

On January 20, the price of the leading cryptocurrency fell below $88,000. Following Bitcoin’s lead, altcoins also plummeted.<\/p>\n","protected":false},"author":1,"featured_media":93360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin fell below $88,000, dragging altcoins down with it.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[20,480,1211],"class_list":["post-93359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-altcoins","tag-bitcoin-price","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"183","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin fell below $88,000, dragging altcoins down with it.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=93359"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93359\/revisions"}],"predecessor-version":[{"id":93361,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93359\/revisions\/93361"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/93360"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=93359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=93359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=93359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}