Bitcoin pulls back to $94,300 as U.S. stocks sink, precious metals tumble

MEVictim · 2026-01-16T18:20:14+00:00

Bitcoin has dropped to $94,300 following a selloff, losing 1.3% in 24 hours. Ethereum also decreased to $3,200, with the broader market experiencing losses of 1.5%. Despite earlier gains, BTC may retest the low $90,000 range.

MEVictim

2026-01-16 18:20:14

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Source: CryptoNewsNet Original Title: Bitcoin pulls back to $94,300 as U.S. stocks sink, precious metals tumble Original Link: https://cryptonews.net/news/finance/32289551/ Bitcoin has continued a selloff begun yesterday, now having retraced a sizable chunk of this week’s early gains.

In mid-morning U.S. action on Friday, BTC was trading at $94,300, down another 1.3% over the past 24 hours after having slumped a similar amount on Thursday.

Ethereum’s ether declined the same amount, falling back to $3,200. The broad-market CoinDesk 20 Index lost 1.5% during the same period, with XRP, APT and polygon (POL) down 3%-6%.

After trading for weeks in a very narrow range around the $90,000 area, bitcoin breaking higher to nearly $98,000 earlier this week excited the bulls, who imagined many who had bet on flat or lower prices would have to reverse those trades, possibly sending BTC back above $100,000. For now, at least, the opposite has happened, with bitcoin looking more likely to retest the low-$90,000 range.

ETH-0,07%

XRP0,24%

APT0,25%

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