Bitcoin Falls Below $89,000 as Rally Attempt Fizzles

MEVictim · 2026-01-22T19:05:50+00:00

Bitcoin's recent rally fell short as it dropped to $88,500, down 1.5%. Ether also declined, and many crypto stocks faced losses despite broader market gains. Experts suggest a bearish outlook for crypto until policy changes occur.

MEVictim

2026-01-22 19:05:50

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Source: CryptoNewsNet Original Title: Bitcoin falls bellow $89,000 as rally attempt fizzles despite trade war risk relief Original Link: Bitcoin BTC has failed to maintain momentum from recent relief rallies. After a couple of brief moves above $90,000 over the past 18 hours, BTC has quickly pulled back to $88,500, down 1.5% over the past 24 hours. Ether ETH is now below $3,000, lower by 2.5%.

Most crypto stocks were in the red as well, even as broader equities moved higher, with the Nasdaq ahead 0.7%. Several major crypto-related companies were all lower by 2%-4%.

“The consensus view is that crypto markets are bearish until about September,” said Kaledora Fontana, CEO of Ostium, which facilitates the trading of digitized commodities perpetual swaps. “A lot of that is driven by expectations that rate cuts won’t come until after a Fed Chair transition, and even then, it takes time for that to filter through to risk-on assets. There’s a sense that meaningful upside only comes after policy changes have had time to work through the system.”

BTC0,18%

ETH0,21%

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