Bitcoin Falls Below $90,000 – Market Decline Driven by Macroeconomic Headwinds and Liquidation Surge

2026-01-20 20:20:31

Source: CryptoNewsNet Original Title: Bitcoin (BTC) Falls Below $90,000 – What Caused the Decline? Here Are the Latest Data and Liquidations Original Link: https://cryptonews.net/news/bitcoin/32308283/ Selling pressure in the cryptocurrency market continued unabated throughout the day, with Bitcoin falling below the $90,000 level.

As of the time of writing, Bitcoin (BTC) is trading at $89,522, having lost approximately 4% of its value in the last 24 hours.

A graph showing the drop in BTC price.

The sharp decline in markets was driven by macroeconomic developments that weakened global risk appetite. The sharp volatility in the Japanese government bond market led investors to panic sell risky assets, while macroeconomic uncertainties revived concerns about tariff policies. These developments increased uncertainty in global markets. Simultaneously, precious metals hit new record highs, signaling a strengthening trend towards safe-haven assets.

The pullback in Bitcoin has also spread to the altcoin market. Ethereum (ETH) fell by 7.19% in the last 24 hours to $2,985; while BNB lost 3.95%, XRP 5.33%, and Solana (SOL) 5.63% of their value.

With increasing selling pressure, liquidations in derivative markets have also reached remarkable levels. In the last 24 hours, a total of $685.49 million worth of positions were liquidated, with $626.15 million of that being long positions and $59.34 million being short positions.

This is not investment advice.

BTC0.68%

ETH0.94%

BNB-0.92%

XRP3.69%

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