Crypto Markets Today: Bitcoin slides as Asia-led sell-off hits altcoins

MEVictim · 2026-01-07T13:39:29+00:00

Bitcoin and the altcoin market faced significant selling pressure during the Asia session, leading to declines. Bitcoin dropped to approximately $91,530 from a high of $93,750, while altcoins like PENGU and XRP experienced even steeper falls. The market's downturn is linked to rising risk-off sentiment among traders.

MEVictim

2026-01-07 13:39:29

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Source: CryptoNewsNet Original Title: Crypto Markets Today: Bitcoin slides as Asia-led sell-off hits altcoins Original Link: Bitcoin BTC$92,070.19 and the wider crypto market succumbed to a wave of selling pressure during the Asia session, prompting a drop to about $91,530 at 10:00 a.m. UTC from around a local high of $93,750 at midnight.

The sell-off follows a failed attempt at breaking above $94,500 on Tuesday, the third in the past five weeks.

The altcoin market fared worse than bitcoin, with PENGU and XRP taking the brunt of the hit with declines of 6.5% and 3.5% since midnight.

Bitcoin is now trading firmly back in December’s range, which saw various spikes between $85,000 and $94,500, even as it extended the decline that started in October.

Wednesday’s drop reflects a rise in risk-off sentiment from traders. U.S. equities also fell in pre-market trading, with the Nasdaq 100 futures trading 0.32% lower since midnight.

BTC1,44%

PENGU3,58%

XRP0,77%

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CryptoDouble-O-Seven

· 01-10 06:31

Asian market is dumping again? It happens every time, I go to sleep and wake up to find it dropped.

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Deconstructionist

· 01-09 15:38

Asia is dumping again, this rhythm is really familiar.

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NullWhisperer

· 01-07 14:01

asia dump again, same pattern every cycle. technically speaking, the liquidation cascade probably triggered some algorithmic sell-offs that nobody talks about. interesting edge case for exchange stability though.

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NFTArchaeologis

· 01-07 13:56

Asian selling pressure has returned. The rhythm of this decline is somewhat similar to last year's pattern, so be cautious.

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HappyMinerUncle

· 01-07 13:52

Asia is dumping again, this pace is really annoying.

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DefiOldTrickster

· 01-07 13:45

Asia is dumping again, haha. I've seen this trick so many times over the years.

The airdrop liquidation mechanism is back to cut the leeks, with annualized returns directly halved. This is the real re-investment trap.

$91530 at this level? Bro, I’ve taken a half-position naked short, just waiting for the next liquidation price. That's how you play a bear market.

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