Crypto Sell-Off Hits Bitcoin and XRP Even After Trump’s Pro-Crypto Davos Speech
January 21, 2026 · 5:55 PM
The crypto market experienced a significant decline on Tuesday, with total market value dropping to $2.96 trillion, a 2% decrease in 24 hours. This downturn occurred despite U.S. President Donald Trump's announcement of plans to sign a major crypto market structure bill soon. Major cryptocurrencies, including Bitcoin, fell in value, with Bitcoin trading around $87,800. Investor sentiment remains weak.
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