Crypto Chaos: Bitcoin Dumps $90K in Days

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The cryptocurrency world was basking in the glow of its own hubris just days ago, only to find itself in a sudden plunge from a skyscraper of optimism to the ground floor of despair. Bitcoin, once the golden child of finance, has now dipped below $90K, leaving investors scrambling for their safety nets and a sense of direction.

Altcoins, ever the loyal sidekicks, have taken a scenic route to the bottom, with XMR and HYPE leading the charge in a dramatic exit from the spotlight. It’s like watching a reality TV show where everyone’s secret is finally out, and no one’s happy about it.

BTC Slumps Below $90K

Just a week ago, Bitcoin was soaring higher than a caffeinated seagull, hitting $98K and daring the world to keep up. The community, drunk on greed, was already plotting a $100K party in the clouds. But alas, the party ended abruptly when Asian markets opened, and the reality check arrived with the subtlety of a sledgehammer.

Bitcoin’s journey since then has been a rollercoaster of emotions, bouncing from $95,500 to $92,000, then $93,500, and finally settling into a slump that would make a sloth look like a sprinter. It’s now trading just above $89,000, a far cry from its previous heights, and its market cap has shrunk to the size of a particularly unimpressive snack.

Alts’ Despair Continues

Ethereum, once a sturdy steed, is now limping below $3,000, while XRP has lost more value than a forgotten coupon. BNB and TRX are playing their own version of “how low can you go?” with results that are less than inspiring. XMR, the star of the 24-hour show, has plummeted 15%, proving that even the most resilient can’t escape the gravitational pull of panic.

Amid the chaos, CC and WLFI are the lone bright spots, like the only functioning light in a power outage. But even they can’t save the overall market, which has lost over $250 billion since Monday-a sum so large, it could buy every cat in the world a lifetime supply of tuna.

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2026-01-21 11:54