Bitcoin Steadies Near $89,000 as Broad Risk-Off Sentiment Persists

2026-01-21 13:20:28

Source: CryptoNewsNet Original Title: Bitcoin steadies near $89,000 as broad risk-off sentiment persists: Crypto Markets Today Original Link: https://cryptonews.net/news/analytics/32311991/ The crypto market consolidated overnight after Tuesday’s grueling selloff took bitcoin all the way down to $87,760.

The largest cryptocurrency has recovered slightly since bottoming out at 23:00 UTC. It recently changed hands at $89,000, firmly in the middle of a trading range that has persisted since Nov. 20, with the exception of a five-day window last week when it climbed toward $98,000 after a somewhat bullish start of the year.

This week’s move to the downside coincided with risk-off sentiment in traditional markets: Nasdaq 100 and S&P 500 futures are both down by 2% since Sunday’s open as Wall Street posted its biggest daily drop since October.

The risk-off trade catapulted gold and silver to a series of record highs as investors flocked to haven assets on concerns of a trade war between the U.S. and European Union, spurred by tariff concerns and retaliatory proposals from international counterparts.

BTC0,58%

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