- US stock market crypto stocks see declines as major indexes drop.
- Bitcoin price falls below $39,000, a 5% decrease.
- Broader market reactions observed with falling altcoin prices.
On January 23, US stock crypto concept stocks, including BitGo Holdings and Coinbase, fell with the Dow Jones, S&P 500, and Nasdaq all recording declines at market open.
The stock drops signal potential market uncertainty impacting cryptocurrencies, evident in Bitcoin’s fall below $39,000 and Ethereum’s descent beneath $2,300.
Crypto Stocks and Major Indexes Experience Downturn
At the opening of the U.S. stock market, major indices experienced declines, with the Dow Jones down by 0.53%, the S&P 500 falling by 0.17%, and the Nasdaq by 0.14%. These declines coincided with a downturn in U.S. stock crypto concept stocks, including BitGo Holdings falling 4.81%, slipping below its IPO price at $17.6.
Bitcoin’s price dipped below $39,000, recording a 5.01% decline within 24 hours, while Ethereum dropped below $2,300, exacerbating concerns among investors. Altcoins such as OKB and JTO saw significant price reductions as well, reflecting a broader market response.
Market participants have shown heightened awareness as BlackRock’s iShares Bitcoin Trust ETF notably received 4,808 Bitcoin valued at approximately $194.4 million, signaling ongoing institutional interest despite the recent market turbulence.
Institutional Investments Persist Amid Crypto Market Volatility
Did you know? The last occasion when Bitcoin dipped below $39,000 occurred in late 2022, prompting a rally that pushed the asset past $45,000 a month later.
Bitcoin’s current price of $89,711.63 represents a market cap of $1.79 trillion, commanding a market dominance of 59.31%, according to CoinMarketCap data. Recent 24-hour trading volume has declined by 5.16%, while the seven-day price movement shows a 5.51% drop, further highlighting the volatility in the current market.
Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 19:38 UTC on January 23, 2026. Source: CoinMarketCapInsights from the Coincu research team indicate that while regulatory pressures and environmental concerns over cryptocurrency mining might impact longer-term investment sentiment, institutional investment seen in entities like BlackRock could help stabilize prices against potential regulatory hurdles.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/markets/crypto-stocks-us-market-decline/
