Follow up to the hour updates on what is happening in crypto today, January 21. Market movements, crypto news, and more!
Author
Jai Pratap
Author
Jai Pratap
Part of the Team Since
Jun 2023
About Author
Jai serves as the Asia Desk Editor for Cryptonews.com, where he leads a diverse team of international reporters. Jai has over five years of experience covering the web3 industry.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Crypto markets slid broadly over the past 24 hours, with total market capitalization down more than 3% as selling pressure intensified across major sectors. Bitcoin (BTC) fell 4%, briefly dipping below $88,000 before stabilizing near $89,000, while Ethereum (ETH) underperformed, sliding 7.06% to break below the $3,000 level. The centralized finance (CeFi) sector led losses, dropping 5.06%, according to SoSoValue. Binance Coin (BNB) declined 5.43%, OKB fell 4.99%, and Aster (ASTER) lost 5.30%, though MX edged up 0.38%. Weakness extended to DeFi, Layer 1, Layer 2, Meme, and RWA sectors, even as select tokens including River (RIVER), Keeta (KTA), and Canton Network (CC) posted notable gains amid the broader risk-off mood.
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Jai serves as the Asia Desk Editor for Cryptonews.com, where he leads a diverse team of international reporters. Jai has over five years of experience covering the web3 industry.
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