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Bitcoin Briefly Dips Below $90k as BTC ETFs See $480 Million Outflows

Share on X icon · Published 9 months ago on January 8, 2026 · Hassan Maishera

Bitcoin briefly drops below $90k as the markets underperform, with spot Bitcoin ETFs recording $480 million in outflows on Wednesday.

Bitcoin Briefly Dips Below $90k as BTC ETFs See $480 Million Outflows

TL;DR

  • BTC is down 2.5% in the last 24 hours and briefly dropped below the $90k level.

  • The bearish performance comes amid outflows from spot Bitcoin ETFs.

Spot Bitcoin ETF Outflow Pushes BTC Below $90k

The cryptocurrency market had an excellent start to the week, with Bitcoin retesting the $94k resistance level. However, it is now undergoing a correction as most altcoins have lost 3% or more of their value in the last 24 hours.

Bitcoin, the leading cryptocurrency by market cap, is down 2.5% since Wednesday and briefly dropped below $90k. At press time, BTC is trading at $90,321, with volatility still affecting the market performance.

The bearish performance comes as spot bitcoin ETFs in the U.S. saw over $486 million in outflows, with losses spilling over to their second-straight day for the first time this year.

With Bitcoin underperforming, altcoins are also in the red. Ether, the leading altcoin by market capitalization, has lost 4% of its value in the last 24 hours and is currently trading at $3,120. XRP has dropped to the $2.11 level after losing 7.5% of its value.

Thanks to the bearish performance, the total cryptocurrency market cap has now dropped below $3.1 trillion.

 

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Author

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Hassan Maishera
Hassan Maishera Senior Reporter

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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