Crypto Markets Slide as $BTC Falls Below $90K, $ETH Drops 7%
Tuesday’s sell-off wiped $713M in leveraged positions and came after Trump’s Greenland tariff threats.
Crypto markets fell on Tuesday, Jan. 20, as trade-war fears tied to President Donald Trump’s Greenland tariff threats intensified.
Bitcoin (BTC) is trading at $89,402, down 3.8% over the past 24 hours, while Ether (ETH) is changing hands at $2,991, down roughly 7% on the day, according to CoinGecko. Among other large-cap tokens, BNB fell 3.4% to $893, while XRP dropped 5.5% to $1.89. Solana (SOL) slipped 5.2% to $127, extending its weekly decline to nearly 12%. The total cryptocurrency market capitalization stood at roughly $3.10 trillion, down 4% over the past 24 hours, while total trading volume rose to about $148.2 billion. Canton (CC) led today’s gainers, rising 9%, while Provenance Blockchain (HASH) climbed 5% and MemeCore (M) added 5%.
On the downside, Monero (XMR) fell 17.5% to $507, while Hyperliquid (HYPE) dropped 10.4% to $21.36 and Quant (QNT) slid 7.4% to $77.73.
