Crypto Market Experiences Increased Attacks, Bitcoin Drops to $90K while Husky Inu Loses Momentum

DeFiCaffeinator · 2026-01-20T17:12:40+00:00

The crypto market continues to face strong bearish pressure in the past day. Bitcoin (BTC), which was previously strong support at $90,000, has lost support and dropped to lower territory. The main cryptocurrency is now breaking through around

DeFiCaffeinator

2026-01-20 17:12:40

The cryptocurrency market continues to face strong bearish forces in the past day. Bitcoin (BTC), which was previously strong resistance at $90,000, has lost support and dropped to lower territory. The main cryptocurrency is now hovering around $90.20K, showing a 3.36% decrease within just 24 hours. This loss reflects broader technical incredible weakness happening in the market.

Fear Attack and Liquidation Across the Market

The decline is not limited to Bitcoin alone. The risk-off sentiment has spread throughout the crypto ecosystem, prompting investors to sell their holdings before key US economic reports. The momentum is highly negative, resulting in $583 million worth of liquidations—mostly long positions ignited by traders.

The intensity of fear is visible in the Crypto Fear & Greed Index, which has fallen to an extreme level of 11, indicating “extreme fear” reaching market psychology territory not seen in a long time.

Ethereum and Altcoins Follow Bearish Pressure Rise

Ethereum (ETH) posted a larger loss compared to Bitcoin. The second-largest cryptocurrency fell by 6.50%, hitting the critical $3,000 level and closing at $3.01K. Last week, ETH even showed some progress, but this force failed in the face of market momentum shift.

Other major altcoins also followed the decline:

XRP fell by 5.40% to $1.91
Solana (SOL) dropped 5.45% to $127.25
Dogecoin (DOGE) declined 4.12% to $0.12
Cardano (ADA) fell 4.08% to $0.35

Smaller tokens also posted significant declines. Stellar (XLM) dropped 3.41%, while Hedera (HBAR) fell 4.89%, and Toncoin (TON) declined 3.68%. Litecoin (LTC) fell 3.55%, and Polkadot (DOT) decreased by 4.87%. Chainlink (LINK) also posted a significant loss.

Husky Inu Grows Despite Crypto Market Explosion

Amid market turbulence, the Husky Inu (HINU) project continues to raise funds, albeit at a slower pace. The project has reached $905,549 in their fundraising milestone, demonstrating trust from new investors waiting and observing the market.

The project has posted a series of milestones in the past months:

May 16: Reached $750,000
June 15: Reached $800,000
July: Reached $850,000
October: Surpassed $900,000

Although the project is close to the official launch date set within just three months, the team is considering the possibility of shifting the timeline. A series of review meetings have been held to determine the best date for launch. Past review meetings on June 1 and October 1, 2025, guided decisions, while the next review is scheduled for January 1, 2026.

Market Cap and Volume Trends

The total crypto market cap has decreased by 4% to $2.94 trillion due to widespread selling pressure. However, the 24-hour trading volume increased by 27% to $119 billion, indicating that volatility has prompted higher trading activity as traders look for opportunities at lower prices or exit their positions.

The market remains in critical territory as it awaits key economic data that could define the direction for the coming week.

BTC-3,67%

ETH-6,78%

XRP-5,25%

SOL-5,04%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.