Bitcoin, Ethereum, XRP, Dogecoin Pull Back: Analysts Say Crypto Market Still In ‘Downtrend’ But Find ‘No Reason’ For It To Fall Lower
Posted On January 8, 2026
Leading cryptocurrencies fell alongside stocks on Wednesday as investors cashed out following recent rallies.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:20 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.56% | $91,305.82 |
| Ethereum (CRYPTO: ETH) |
-2.97% | $3,170.13 |
| XRP (CRYPTO: XRP) | -5.03% | $2.17 |
| Solana (CRYPTO: SOL) | -2.55% | $136.82 |
| Dogecoin (CRYPTO: DOGE) | -1.02% | $0.1468 |
Bitcoin Falls Below $91,000
Bitcoin slipped below $91,000 in afternoon trading before paring some losses overnight. Trading volume for the apex cryptocurrency plunged 22% over the last 24 hours.
Ethereum dipped to around $3,100 after surpassing $3,300 earlier this week.
Bitcoin dominance hovered around 58%, while Ethereum’s market share was largely unchanged at 12.2%.
Roughly $285 million was liquidated from the cryptocurrency market in the last 24 hours, according to Coinglass, with $241 million in long liquidations alone.
Meanwhile, Bitcoin’s open interest surged nearly 4% in the last 24 hours. An increase in …
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