Crypto Market Slides 2% to $3.2 Trillion as Profit-Taking Hits
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 08 2026- Market Capitalization Decline: The total market capitalization of the crypto market fell 2% over the past 24 hours from Wednesday's $3.27 trillion to $3.2 trillion, indicating a cautious investor sentiment as profit-taking sets in, which may impact future investment confidence.
- Major Asset Pullback: Bitcoin (BTC) is down 2%, trading at $90,733, while Ethereum (ETH) has lost nearly 3.7%, falling below the $3,200 support level, reflecting a weakening confidence in major crypto assets that could lead to further price volatility.
- ETF Outflows: Data shows that Bitcoin ETFs experienced nearly $730 million in outflows over the past two days, while Ethereum ETFs saw $98.45 million in net outflows, indicating a retreat of institutional investors from the market, which may exacerbate market instability.
- Miner Selling Pressure: U.S.-based miner Riot Platforms has reportedly sold over 1,800 BTC worth approximately $161.6 million to meet operational needs, and such large-scale selling in a thin market could trigger significant price fluctuations.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
