Bitcoin hovers around $89,500... Altcoins mixed

2026-01-24 01:42:04

Source: DigitalToday Original Title: “The Minister’s stock rises…” Bitcoin hovers around $89,500… Altcoins mixed Original Link:

The cryptocurrency market has entered a stabilization phase after a sharp decline. According to Coin360 at 6:30 AM on the 24th, recently(local time) Bitcoin(BTC) was traded at $89,582, showing a slight increase of +0.01% compared to the previous day. Bitcoin’s market dominance remains high at 52.90%, continuing to serve as the market’s central axis.

Altcoins, which led the sharp drop the day before, still predominantly show a bearish trend. Ethereum(ETH) is at $2,949, down slightly by -0.04%, while Ripple(XRP) decreased by -0.44%, and Solana(SOL) fell by -1.13%. Meanwhile, BNB(BNB) from a certain major exchange rose by +0.18% to $891, showing relatively stable performance.

Market analysts suggest that the excessive decline following the previous day’s sharp correction has led to Bitcoin’s low-price buying. However, overall, there is still selling pressure on altcoins, resulting in limited technical recovery rather than a clear rebound.

Experts believe that in the short term, Bitcoin may continue to experience volatility as it attempts to recover the $90,000 level. Depending on macroeconomic conditions and changes in risk asset preferences, both additional corrections and rebounds remain possible scenarios.

BTC-2,36%

ETH-3,14%

XRP-2,64%

SOL-2,34%

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.