Cryptocurrency Market Sees Widespread Losses; Bitcoin Down 1.61%
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 08 2026- Market Decline: As of 10 AM KST on January 8, major digital assets experienced widespread losses, with Bitcoin (BTC) down 1.61% to $91,269.39, indicating a weakening market sentiment that could impact investor confidence.
- Significant Drops in Ethereum and XRP: Ethereum (ETH) fell 3.05% to $3,167.69 and XRP dropped 4.94% to $2.17, reflecting diminished demand for these major assets, which may lead to liquidity issues in the market.
- Diverse Performance Among Altcoins: MYX Finance (MYX) recorded the largest gain among the top 100 cryptocurrencies, rising 4.16%, while Pump.fun (PUMP) saw the biggest loss at 9.61%, highlighting the market's high volatility and shifting risk appetite among investors.
- New Cryptocurrency Listings: New cryptocurrencies such as Peacock (PCOCK), 辛普森 (辛普森), and BABY PEPE (BPEPE) were listed on CoinMarketCap within the past 24 hours, suggesting that despite the overall market downturn, the introduction of new projects may attract some investor interest.
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.
