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Crypto Market Plunge: Bitcoin Crashes Below $90K in Major January 2026 Sell-Off

Crypto Market Plunge: Bitcoin Crashes Below $90K in Major January 2026 Sell-Off

Author:
Cryptonews
Published:
2026-01-23 04:55:32
17
2

[LIVE] Crypto News Today: Latest Updates for Jan. 23, 2026 – BTC Slides Below $90K as Crypto Market Extends Broad Sell-Off

Crypto's January chill just turned into a full-blown blizzard.

Bitcoin sliced through the $90,000 support level like a hot knife through butter, dragging the entire digital asset complex into the red. This isn't a minor correction—it's a broad-based retreat shaking confidence from blue-chips to altcoins.

The Domino Effect

When BTC stumbles, everything else tends to trip. The sell-off pressure spread instantly, wiping out recent gains and triggering stop-loss orders across exchanges. Major altcoins followed suit, with double-digit percentage drops becoming the norm, not the exception.

Liquidity Vanishes

Thin order books got exposed. As bids were pulled, the slide accelerated. It's a classic reminder that in crypto, liquidity is a fair-weather friend—great on the way up, nowhere to be found on the way down. Some traders are calling it a healthy flush of leverage; others see deeper structural worries.

The Silver Lining Playbook

For the bulls, this is a fire sale. History shows these sharp contractions often precede the next leg up. Accumulation zones are being established, and long-term holders are likely viewing this as a buying opportunity, not a reason to panic. The fundamentals of adoption haven't changed overnight.

Markets overshoot in both directions. Today's fear is real, but it's also the fuel for tomorrow's rally—just ask anyone who sold the last time Bitcoin 'broke' a key level, only to watch it soar weeks later. After all, what's a crypto winter without a few spectacular crashes to make the spring thaw worthwhile?

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