Why Crypto Is Going Down Today: BTC Faces Third Rejection at $94K, Altcoins Slide

BitcoincomNews · 2026-01-08T09:24:42+00:00

The crypto market has experienced a minor correction, with total market capitalization dropping about 1–1.2% to $3.17 trillion. Bitcoin faces resistance near $94,000, leading to selling pressure and a dip to around $91,500.

BitcoincomNews

2026-01-08 09:24:42

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The crypto market has slipped into a mild correction after starting the week on a strong note. Total market capitalization is down around 1–1.2%, hovering near $3.17 trillion, as traders lock in profits following Bitcoin’s repeated failure to clear the crucial $94,000–$94,500 resistance zone. This marks Bitcoin’s third rejection at this level in just five weeks, triggering selling pressure during the Asia trading session and pushing BTC down toward the $91,500 area before stabilizing.

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