Crypto Market News Today, January 21: No More Bull Run! Bitcoin Price Slides Below $90,000 and S&P 500 Gains Erased as World War III Fears Rise
The price of Bitcoin fell $90,000 down, the S&P 500 retraced its 2026 gains, and fears of World War 3 moved from political headlines to set our screens. Bitcoin free drops to $89,500, stocks sell off, and everyone becomes a political expert overnight.
The price of Bitcoin is sneezing, the S&P 500 is catching a cold, talk of World War 3 is heating up, and no one is waiting to see how the story ends. Right now, the markets are using the same verse of fear on a loop.
Bitcoin started this January at $87,000, and while it doesn’t exactly look like a disaster on paper, the optimism that fueled the excitement earlier this year is clearly over. Bitcoin price is technically still green for the month, but we are feeling the hangover. Altcoins didn’t get that respect, with Ethereum sinking below $3,000 and others sliding hard as sentiment evaporated.
If the markets had an attitude ring, it would probably be flashing a scary red.
Bitcoin Price, S&P 500, and World War 3 Fears Hit Our Emotions
A whopping $930 million has been wiped out in one day, mostly from people who thought the price of Bitcoin would jump quickly. Long positions make up the lion’s share, proving yet again that power and overconfidence do not mix well. The crypto market has lost more than 200 billion dollars since the week it started. I could go on and on, and it would only get worse.
(source – Coinglass)
But, at the same time, Bitcoin’s dominance has risen to 60%, bleeding altcoins. Speaking of altcoins, the same pattern has been shown in prices. The S&P 500 fell nearly 2%, the Nasdaq followed, and the Dow lost 850 points. Tariff threats from President Trump aimed at NATO allies have added fuel to an already raging fire, with Greenland becoming the unlikely star of the latest trade drama.
(source – Google)
The fear of World War 3 did not help. Between EU retaliation plans and talk of “nuclear options” in the economy, markets have decided it’s safer to sell first and ask questions later. Greenland is Greenland, crypto is Redland now.
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Gold prices, on the other hand, jumped to record highs, followed by silver, with gemstones still valued. Crypto, however, does not perform like digital gold and tracking the S&P 500 is almost like a tick.
BREAKING: Gold extends gains to record $4,850/oz, now up +$260 in 48 hours.
We are all seeing history right now. pic.twitter.com/wMkRFkEqrU
— The Kobeissi Letter (@KobeissiLetter) January 21, 2026
Every fund needs good news, and the Strategy still works. Michael Saylor announced that his company bought more than 22,000 BTC more, falling more than $ 2 billion, while we, panic selling.
The strategy received 22,305 BTC for ~$2.13 billion at ~$95,284 per bitcoin. As of 1/19/2026, we have received 709,715 $BTC it was acquired for ~$53.92 billion at ~$75,979 per bitcoin. $MSTR $STRC
– Michael Saylor (@saylor) January 20, 2026
Following Saylor, Coinbase CEO Brian Armstrong brushed off the risk at Davos, calling it short-term and reiterating his long-term view of a much higher Bitcoin price. Kevin O’Leary also adds his usual spice, arguing that regulation and electricity are the future.
So here we are. The price of Bitcoin is faltering, the S&P 500 is experiencing deep cuts, and fears of World War 3 are scaring the money to keep going. It’s messy, and probably will be for some time.
“Mr. President, F *** Off” – Danish MP To Trump During Greenland Debate
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