Bitcoin Crashes to $86K as $360M in Longs Liquidated; Gold Approaches $5,000

2026-01-21 02:20:12

Source: CryptoNewsNet Original Title: Bitcoin crashes to $86K as gold approaches $5,000 and US stocks see worst performance since October Original Link: https://cryptonews.net/news/bitcoin/32309323/ Bitcoin is falling fast again. The price dropped $2,000 in just minutes, now sitting at $86,888 after $360 million worth of leveraged longs were liquidated in the last hour.

The crash puts Bitcoin down 9% in 48 hours, and altcoins are bleeding too. Ethereum is down 7.4%, now at $2,939, while Solana is off 5.4%, at $126.01. XRP and BNB are also down over 4% each.

Gold is still rallying hard. Futures are now trading at $4,820, inching closer to that $5,000 level as panic spreads across risk assets.

U.S. equities got slammed with significant losses. The Dow sank 870 points, or 1.8%, while the S&P 500 dropped 2.1%, and the Nasdaq fell 2.4%. All three just had their worst day since October 10. The drop pushed both the S&P 500 and Nasdaq into negative territory for 2026.

After hours, stock futures are holding slight gains. Dow futures are up 85 points, the S&P 500 is up 0.2%, and the Nasdaq 100 is up 0.1%. But the bleeding in crypto hasn’t stopped, and gold keeps rising.

BTC-0.74%

ETH-1.64%

SOL-1.78%

XRP-1.69%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.