Crypto Market Correction: Bitcoin Retreats to $90,700 as Top Altcoins Post Double-Digit Losses

2026-01-08 08:20:49

Source: CryptoTicker Original Title: Crypto Crash: Top 5 Altcoin Losers as Bitcoin Slips to $90,000 Original Link:

Market Overview

After an extensive rally over the past week, crypto prices have entered a short-term correction phase. Over the last 24 hours, the broader crypto market declined by roughly 3%, as traders locked in profits following rapid upside moves across major assets.

This pullback comes after strong weekly performances in both Bitcoin and altcoins, suggesting a cooling-off phase rather than a trend reversal.

Bitcoin Price Action

Bitcoin price retreated toward $90,700, giving back part of its recent gains. The move follows a fast run-up that pushed BTC into overextended territory, triggering profit-taking across spot and derivatives markets.

Despite the short-term decline, Bitcoin remains structurally strong on a weekly basis, and the pullback is currently viewed as technical consolidation rather than bearish continuation.

Top 5 Crypto Losers in the Past 24 Hours

According to the latest market data, the following cryptocurrencies recorded the steepest losses over the past 24 hours:

1. Story ($IP)

Price: $1.87
24h Change: -11.89%

Despite remaining positive on the weekly and YTD timeframe, $IP saw heavy short-term selling pressure.

2. Pump.fun ($PUMP)

Price: $0.002277
24h Change: -8.07%

The token pulled back after strong speculative momentum earlier in the week.

3. Virtuals Protocol ($VIRTUAL)

Price: $1.03
24h Change: -7.70%

Still up nearly 60% over the past 7 days, the drop appears driven by profit-taking.

4. Zcash ($ZEC)

Price: $458.60
24h Change: -7.21%

Privacy-focused coins underperformed as market sentiment cooled.

5. Dash ($DASH)

Price: $40.50
24h Change: -6.90%

DASH continued to lag the broader market after failing to hold recent highs.

Market Outlook

At this stage, the current move looks like a healthy correction following strong gains rather than a broader market breakdown. As long as Bitcoin holds key support near the $90K zone, the overall bullish structure remains intact.

Short-term volatility is expected as traders reassess positioning after the rally, with attention now shifting to whether buyers step back in at lower levels.

BTC-0,02%

IP0,1%

PUMP-0,52%

VIRTUAL-1,41%

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