{"id":886772,"date":"2026-01-21T19:13:32","date_gmt":"2026-01-22T01:13:32","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/21\/asia-market-open-bitcoin-tumbles-to-88k-gold-sets-record-as-markets-price-fresh-trade-shock\/"},"modified":"2026-01-21T19:13:32","modified_gmt":"2026-01-22T01:13:32","slug":"asia-market-open-bitcoin-tumbles-to-88k-gold-sets-record-as-markets-price-fresh-trade-shock","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/21\/asia-market-open-bitcoin-tumbles-to-88k-gold-sets-record-as-markets-price-fresh-trade-shock\/","title":{"rendered":"Asia Market Open: Bitcoin Tumbles To $88K, Gold Sets Record As Markets Price Fresh Trade Shock"},"content":{"rendered":"<div>\n<h2>\n                                Asia Market Open: Bitcoin Tumbles To $88K, Gold Sets Record As Markets Price Fresh Trade Shock                            <\/h2>\n<div>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cryptonews.com\/wp-content\/uploads\/2024\/01\/Cropped_Image-1-150x150.png\" alt>\n                    <\/p>\n<p>Crypto Reporter<\/p>\n<div>\n<p>Shalini Nagarajan<\/p>\n<div>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cryptonews.com\/wp-content\/uploads\/2024\/01\/Cropped_Image-1-150x150.png\" alt>\n                <\/p>\n<div>\n<div>\n<p>Crypto Reporter<\/p>\n<p><span>Shalini Nagarajan<\/span><span class><img decoding=\"async\" src=\"https:\/\/cryptonews.com\/wp-content\/themes\/cryptonews\/images\/verification.svg\" alt=\"Verified\"><\/span>\n                    <\/p>\n<\/p><\/div>\n<div>\n<p>Part of the Team Since<\/p>\n<p>Jan 2024<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div>\n<p>About Author<\/p>\n<p>Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n<div>\n<p>Last updated:\u00a0<\/p>\n<p><time datetime=\"2026-01-21T02:04:04+00:00\">January 21, 2026<\/time>\n        <\/p>\n<\/p><\/div>\n<\/div>\n<p><img loading=\"lazy\" width=\"1684\" height=\"1080\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2026\/01\/21015630\/1768960589-asia-market-open-cover.png\" alt=\"Bitcoin\" decoding=\"async\"  ><\/p>\n<p>Bitcoin slid 4% to about $88,000 on Wednesday as a sharp leverage unwind ripped through crypto markets, adding fresh stress to a week already defined by risk aversion across stocks, bonds and currencies.<\/p>\n<p>Spot gold surged past $4,800 an ounce for the first time, while silver also notched record highs, as investors kept leaning into havens during a broad \u201cSell America\u201d style move that pressured the dollar.<\/p>\n<p><a href=\"https:\/\/www.coinglass.com\/liquidations\" target=\"_blank\">Liquidation data from CoinGlass<\/a> showed 181,570 traders got wiped out over the past 24 hours, taking total liquidations to $1.07B. Long positions took most of the damage, with $998.33M liquidated versus $71.39M in shorts.<\/p>\n<h2><span id=\"h-market-snapshot\">Market snapshot<\/span><\/h2>\n<ul>\n<li><a href=\"https:\/\/cryptonews.com\/coins\/bitcoin\/\">Bitcoin<\/a>: $88,942, down 4%<\/li>\n<li><a href=\"https:\/\/cryptonews.com\/coins\/ethereum\/\">Ether<\/a>: $2,963, down 7.1%<\/li>\n<li><a href=\"https:\/\/cryptonews.com\/coins\/ripple\/\">XRP<\/a>: $1.90, down 3.8%<\/li>\n<li>Total crypto market cap: $3.09 trillion, down 3.9%<\/li>\n<\/ul>\n<h2><span id=\"h-bitcoin-ether-dominate-liquidations-as-equities-stay-under-pressure\">Bitcoin, Ether Dominate Liquidations As Equities Stay Under Pressure<\/span><\/h2>\n<p>Bitcoin and Ether accounted for the bulk of the forced selling. The heatmap showed $440.19M in Bitcoin liquidations and $392.38M in Ether, while the remaining tokens together tallied about $52.60M.<\/p>\n<figure><\/figure>\n<p>The risk mood also weighed on equities in Asia, where losses extended into a third session. MSCI\u2019s Asia-Pacific index outside Japan fell 0.3% in early trade, and Japan\u2019s Nikkei dropped 1.2%, marking a fifth straight decline.<\/p>\n<p>Europe looked soft as well. Euro Stoxx 50 futures and DAX futures both slipped 0.4%, keeping traders on edge as they assessed the latest tariff timeline and its knock-on effects for global growth.<\/p>\n<h2><span id=\"h-wall-street-losses-deepen-as-trump-doubles-down-on-greenland\">Wall Street Losses Deepen As Trump Doubles Down On Greenland<\/span><\/h2>\n<p>In the US, the previous session delivered the heaviest hit, with Wall Street sliding more than 2% overnight. The S&#038;P 500 fell 2.06% and the Nasdaq Composite sank 2.4%, while Nasdaq and S&#038;P 500 futures later steadied, up about 0.2% in early dealing.<\/p>\n<p>That same flight to safety kept pushing bullion higher. Trade tensions stayed at the centre of the story. President Donald Trump doubled down on his Greenland rhetoric, saying there was \u201cno going back\u201d on his goal to control the island, and his tariff threats toward Europe revived fears of a wider trade war.<\/p>\n<p>Policymakers in Europe prepared their response, with the European Union set to hold an emergency summit in Brussels on Thursday and leaders weighing options that include tariffs worth 93B euros, $109B, on US imports.<\/p>\n<p>Koinly CEO Robin Singh said February has historically been Bitcoin\u2019s month, averaging double-digit gains over the past decade. \u201cBut underperformance wouldn\u2019t be surprising, and it\u2019s not necessarily a bad thing,\u201d he said.<\/p>\n<p>\n                                    <a href=\"https:\/\/news.google.com\/publications\/CAAqKQgKIiNDQklTRkFnTWFoQUtEbU55ZVhCMGIyNWxkM011WTI5dEtBQVAB?ceid=US:en&#038;oc=3\" target=\"_blank\"><\/p>\n<p>                            <svg width=\"20\" height=\"16\" viewBox=\"0 0 20 16\" fill=\"none\">\n                            <path d=\"M19.6 5.36C19.6 5.48 19.6 5.66 19.54 5.78L17.2 12.8V5.6C17.2 4.94 16.66 4.4 16 4.4H12.82L12.52 3.8L11.86 2.36L15.34 3.32L18.58 4.16C19.18 4.28 19.6 4.82 19.6 5.36Z\" fill=\"#FF4131\" \/>\n                            <path d=\"M15.4 0.799997V3.26L11.92 2.3L11.74 1.88C11.44 1.28 10.72 0.979997 10.12 1.22L4.59998 3.38V0.799997C4.59998 0.499997 4.89998 0.199997 5.19998 0.199997H14.8C15.1 0.199997 15.4 0.499997 15.4 0.799997Z\" fill=\"#03A846\" \/>\n                            <path d=\"M12.82 4.4H4.00002C3.34002 4.4 2.80002 4.94 2.80002 5.6V11.42L0.520024 6.5C0.460024 6.26 0.400024 6.08 0.400024 5.9V5.84C0.400024 5.3 0.700024 4.82 1.24002 4.64L4.60002 3.32L10.06 1.22C10.72 0.979997 11.44 1.28 11.68 1.88L11.86 2.3L12.52 3.74L12.82 4.4Z\" fill=\"#FDBD04\" \/>\n                            <path d=\"M17.2 5.59999V14.6C17.2 15.26 16.66 15.8 16 15.8H4.00005C3.34005 15.8 2.80005 15.26 2.80005 14.6V5.59999C2.80005 4.93999 3.34005 4.39999 4.00005 4.39999H16C16.66 4.39999 17.2 4.93999 17.2 5.59999ZM9.40005 9.79999H7.00005V11H7.90005C7.60005 11.36 7.18005 11.6 6.70005 11.6C5.86005 11.6 5.20005 10.94 5.20005 10.1C5.20005 9.25999 5.86005 8.59999 6.70005 8.59999C7.12005 8.59999 7.48005 8.77999 7.78005 9.01999L8.62005 8.17999C8.14005 7.69999 7.48005 7.39999 6.70005 7.39999C5.20005 7.39999 4.00005 8.59999 4.00005 10.1C4.00005 11.6 5.20005 12.8 6.70005 12.8C7.90005 12.8 8.86005 12.08 9.22005 11C9.34005 10.7 9.40005 10.4 9.40005 10.1C9.40005 9.97999 9.40005 9.91999 9.40005 9.79999ZM14.8 7.39999H10.6V8.59999H14.8V7.39999ZM16 9.79999H10.6V11H16V9.79999ZM14.8 12.2H10.6V13.4H14.8V12.2Z\" fill=\"#0284FE\" \/>\n                            <\/svg><br \/>\n                                                                    Follow us on Google News                                    <\/a>\n                                <\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/cryptonews.com\/news\/bitcoin-price-markets-fresh-trade-shock-trump-greenland-gold-asia-market-open\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Diego Fetzer<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asia Market Open: Bitcoin Tumbles To $88K, Gold Sets Record As Markets Price Fresh Trade Shock Crypto Reporter Shalini Nagarajan Crypto Reporter Shalini Nagarajan Part of the Team Since Jan 2024 About Author Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector. Last updated:\u00a0 January<\/p>\n","protected":false},"author":1,"featured_media":886773,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,497],"tags":[],"class_list":{"0":"post-886772","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-market"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/886772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=886772"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/886772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/886773"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=886772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=886772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=886772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}