Bitcoin drops below $89,000, down over 1% in 24 hours

2026-01-23 09:38:11

【Blockchain Rhythm】Market data as of January 23 shows that Bitcoin has fallen below the $89,000 mark, with a 24-hour decline of 1.12%. This drop continues the recent market correction trend. In the short term, Bitcoin is under pressure around the $89,000 region, and market participants should pay attention to the subsequent support levels.

BTC1,37%

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OnchainArchaeologist

· 8h ago

It dropped again. It looks like this wave will continue to be suppressed.

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TokenSherpa

· 8h ago

actually, let me break this down for you—if you examine the data, 89k was never gonna hold. historically speaking, we've seen this exact pattern play out during previous governance cycles. fundamentally, the market's just recalibrating quorum requirements across major exchanges, nothing to panic about tbh.

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FastLeaver