Crypto Price Today: On January 8, 2026, the crypto market witnessed another decline. After the surge of the past few days, investors hoped the market would stabilize, but the current situation suggests otherwise. Most major cryptocurrencies, including Bitcoin, are trading in the red.
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Impact of Profit-Taking After the Rally
At the beginning of this trading week, the price of Bitcoin crossed $93,000. This surge boosted investor confidence, but as soon as it reached these high levels, many investors decided to secure their profits. This profit-taking weakened the market’s momentum, and prices began to fall.
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Bitcoin Price Decline
In the last 24 hours, the price of Bitcoin has fallen by approximately 1.64 percent. Its price has now dropped to around $91,261. Bitcoin had already slipped below the $92,000 level, which weakened market sentiment.
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ETF Outflows and Large-Scale Selling
A major reason for the increased pressure on the crypto market is the heavy outflows from spot Bitcoin ETFs. On January 6, an outflow of approximately $243 million was recorded. In addition, news of companies like Riot Platforms selling large amounts of Bitcoin, citing liquidity reasons, also impacted the market.
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Performance of Other Major Cryptocurrencies
Along with Bitcoin, other digital currencies also showed weakness. The price of Ethereum fell by approximately 2.95 percent in the last 24 hours to around $3,169. Solana also saw a decline, with its price falling to approximately $136. Pi Coin saw a slight decline, while Dogecoin also traded at a loss.
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Changing Investor Strategies
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The current decline indicates that investors are still cautious about market uncertainty. Amidst geopolitical tensions, global economic indicators, and cryptocurrency market volatility, investors are shying away from risky assets. In this environment, there is a growing trend towards safe-haven investments like gold and silver.