Bitcoin Dips Below $90K as Profit-Taking Spreads to Major Altcoins

Bitcoin briefly slips below $90,000 as profit-taking spreads to Ethereum and other major alts, signaling a choppy session as traders book profits and liquidations.

Rich by Coin

2026-01-08

Bitcoin briefly fell below the $90,000 level on Thursday after a week that saw prices crest near $94,000, then recovered to around $90,300. Major altcoins joined BTC in retreat, with Ethereum around $3,120 and several large-cap tokens sliding as much as 7% over 24 hours.

After an upbeat start to the week that had pushed Bitcoin to a 30-day high of $94,000, sellers knocked the price down to around $89,700 before a quick rebound lifted BTC back above $90,300. Other large-cap tokens, including Ethereum, XRP, and BNB, turned red, with losses of up to 7% on some screens. The move underscores the choppy tone of the session.

Over the past 24 hours, Bitcoin was down about 2.7% and Ethereum around 4.1%. XRP, Binance Coin (BNB), Solana, Dogecoin, Cardano and Hyperliquid also declined, with losses as high as 4%.