The price of Bitcoin fell below $90,000 on January 13, according to data from Coindesk. The last time the cryptocurrency was below this level was on November 18, 2024. In 24 hours, cryptocurrency exchanges liquidated trader positions worth more than $740 million, according to information from the Coinglass portal.
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At the low of the day, Bitcoin was trading at $89.66 thousand, and at the time of this publication (21:16 Moscow time) this cryptocurrency was worth $92 thousand with a capitalization of $1.82 trillion, increasing its price 2.6%.
Besides Bitcoin, other popular cryptocurrencies showed a drop. Ethereum’s value fell 8.25% in the last 24 hours to $3,000, while Dogecoin, which is backed by billionaire Elon Musk, lost around 5% in value, reaching $0.32.
During the day, cryptocurrency exchanges liquidated the positions of 264 thousand traders for 740.8 million dollars, of which Bitcoin accounted for 169.5 million dollars, Ethereum – 179.6 million dollars and Dogecoin – 20.3 million of dollars. The total cryptocurrency market capitalization has decreased in the last 24 hours. 4.32%, up to 3.18 trillion dollars.
After the drop, Bitcoin recovered slightly, which coincided with software developer MicroStrategy’s announcement that it had purchased another 2.53 thousand cryptocurrency units for a total of $243 million. Thus, the total number of Bitcoins in the company’s account reached 450 thousand.
On January 6, the price of Bitcoin surpassed $100,000 for the first time in 2025. Prior to this, the cryptocurrency was trading above this level on December 19, 2024.
Author:
Bogdan Muzychenko
Source: RB

I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.