Bitcoin slips below $88,000 amid market weakness and liquidations

2026-01-25 19:35:48

Source: CryptoNewsNet Original Title: Bitcoin slips below $88,000 ahead of Fed week and Big Tech earnings Original Link: Bitcoin slipped below the $88,000 level on Sunday as crypto markets weakened in thin weekend trading, extending a pullback that has weighed on the crypto market over the past week.

BTC traded around $87,800 in U.S. afternoon hours, down roughly 2% over 24 hours, according to CoinGecko data. Ether fell toward $2,880, while solana, XRP and cardano each posted losses of between 3% and 5% on the day. Most major tokens remain down sharply on a seven-day basis, reflecting the fragile state of sentiment across the market.

The move caused $224 million in liquidations on bullish bets, led by $68 million on bitcoin-tracked futures and $45 million on ether-based futures.

Weekend moves are often driven less by fresh information and more by positioning adjustments, particularly after periods of heightened volatility earlier in the week.

BTC-0.86%

SOL-2.99%

XRP-0.73%

ADA-1.63%

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