Cryptocurrency Market Faces Another Blow: The Bear Market Remains Strong

2026-01-08 07:19:42

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Affected by the overall decline in the cryptocurrency market, Bitcoin (BTC) prices briefly rose to $94,000 on January 6th, then fell back to $90,000. Investor sentiment remains weak, and resistance levels have increased accordingly. According to CoinGecko data, the global cryptocurrency market cap dropped nearly 2% within 24 hours, down to $3.2 trillion. Although early January was optimistic due to ETF fund inflows and New Year sentiment, the market has remained fragile since the October 2025 crash. Investors are shifting towards safe-haven assets like gold and silver, which have repeatedly hit record highs. Macroeconomic uncertainty and sluggish economic growth continue to dampen investor confidence in risk assets. Despite CoinCodex analysts remaining optimistic about Bitcoin, predicting it will return to $100,000 before January 12, 2026, and potentially trigger a broader rally, the key to recovery depends on economic improvements.

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