{"id":50010,"date":"2026-01-20T10:28:58","date_gmt":"2026-01-20T15:28:58","guid":{"rendered":"https:\/\/bitcoinmagazine.com\/?p=50010"},"modified":"2026-01-20T10:29:03","modified_gmt":"2026-01-20T15:29:03","slug":"bitcoin-price-slumps-6-in-two-days","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/bitcoin-price-slumps-6-in-two-days","title":{"rendered":"Bitcoin Price Slumps 6% in Two Days, Briefly Falls Below $90,000"},"content":{"rendered":"
<\/div>\n

Bitcoin price fell sharply over the past 36 hours, sliding more than 5% over that time and briefly dipping below $90,000 early Tuesday as macroeconomic uncertainty and renewed scrutiny of corporate bitcoin treasuries weighed on the market.<\/p>\n\n\n\n

The world\u2019s largest cryptocurrency was trading near $95,500 on Sunday night but fell to around $89,800 by Tuesday morning, extending losses that began with a violent sell-off late Saturday and into Sunday evening and Monday morning.<\/p>\n\n\n\n

The move erased nearly $5,700 from bitcoin\u2019s price in less than two days, according to Bitcoin Magazine Pro data.<\/p>\n\n\n\n

The initial leg lower came Sunday night, when the bitcoin price plunged nearly $4,000 in a two-hour window amid heavy selling across crypto markets.\u00a0<\/p>\n\n\n\n

Around 6 p.m. EST, a wave of liquidation-driven selling<\/a> hit derivatives markets, wiping out more than $500 million in leveraged long positions in roughly an hour, with total crypto long liquidations topping $525 million during the period.<\/p>\n\n\n\n

Tariff drama\u00a0<\/h2>\n\n\n\n

The sell-off coincided with heightened macro uncertainty after U.S. President Donald Trump announced<\/a> plans to impose sweeping new tariffs on European nations beginning February 1. <\/p>\n\n\n\n

Under the proposal, a 10% tariff would apply to goods from eight countries \u2014 Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland \u2014 rising to 25% by June 1 if no agreement is reached. <\/p>\n\n\n\n

Trump tied the measures to U.S. efforts to secure Greenland, further escalating transatlantic tensions.<\/p>\n\n\n\n

European leaders pushed back strongly, warning the tariff threats could trigger a \u201cdangerous downward spiral.\u201d<\/p>\n\n\n\n

All this is happening as gold surges to a new all-time high near $4,750, underscoring a flight toward traditional safe-haven assets as risk markets sold off. This flight hasn’t been reflected in the bitcoin price. <\/p>\n\n\n\n

Adding to uncertainty, the U.S. Supreme Court is expected to rule<\/a> on whether Trump had the authority to impose broad tariffs under emergency powers. <\/p>\n\n\n\n

The case centers on the use of the International Emergency Economic Powers Act (IEEPA) to declare trade deficits a national emergency. <\/p>\n\n\n\n

A ruling against the administration could force the government to refund more than $100 billion in tariffs already collected, potentially disrupting budget and defense funding assumptions.<\/p>\n\n\n\n

Corporations affecting the bitcoin price<\/h2>\n\n\n\n

On-chain data shows GameStop allegedly transferring<\/a> a total of 2,396 BTC to Coinbase Prime in January, including 100 BTC on Jan. 17 and 2,296 BTC on Jan. 20.<\/p>\n\n\n\n

The transfers represent roughly 51% of the company\u2019s original 4,710 BTC holdings, sparking speculation that the meme-stock retailer may be preparing to sell part of its bitcoin position.<\/p>\n\n\n\n

GameStop added<\/a> bitcoin to its corporate treasury in mid-2025, purchasing 4,710 BTC during a brief window in May at an average price near $106,000 per coin.\u00a0<\/p>\n\n\n\n

While transfers to brokerage wallets are often interpreted as potential selling signals, the company has made no official announcement confirming a sale.<\/p>\n\n\n\n

In contrast, Strategy (MSTR), the world\u2019s largest publicly traded corporate bitcoin holder, continued to buy aggressively<\/a> last week.<\/p>\n\n\n\n

The company disclosed the purchase of 22,305 BTC for approximately $2.13 billion at an average price of $95,284 per bitcoin. As of Jan. 19, Strategy holds 709,715 BTC acquired at an average price of $75,979, representing more than 3% of bitcoin\u2019s circulating supply.<\/p>\n\n\n\n

Despite the accumulation, Strategy shares fell about 7% in early trading as the bitcoin price slid below $90,000, highlighting the growing sensitivity of bitcoin-exposed equities to short-term price moves.<\/p>\n\n\n\n

The bitcoin price is trading at $90,252, down 3% over the past 24 hours on $45 billion in volume, leaving it about 3% below its seven-day high of $93,302.\u00a0<\/p>\n\n\n\n

The network\u2019s market capitalization stands at roughly $1.8 trillion, with 19.98 million BTC in circulation out of a capped supply of 21 million.<\/p>\n\n\n\n

\"bitcoin<\/figure>\n","protected":false},"excerpt":{"rendered":"

Bitcoin price fell sharply over the past 36 hours, sliding more than 5% over that time and briefly dipping below $90,000 early Tuesday as macroeconomic uncertainty and renewed scrutiny of corporate bitcoin treasuries weighed on the market. The world\u2019s largest cryptocurrency was trading near $95,500 on Sunday night but fell to around $89,800 by Tuesday […]<\/p>\n","protected":false},"author":3817,"featured_media":50012,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[132,6090,247,5440],"class_list":["post-50010","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-bitcoin-price","tag-market","tag-price-action","tag-strategy"],"author_data":{"id":3817,"name":"Micah Zimmerman","nicename":"micahzimmerman","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/11\/Micah_Zimmerman_Author_Image.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/01\/Bitcoin-Price-Slumps-6-in-Two-Days-Briefly-Falls-Below-90000.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/50010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3817"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=50010"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/50010\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/50012"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=50010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=50010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=50010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}