Doubt over sustainability of crypto market rebound, Bitcoin briefly fell below $91,000 this morning

2026-01-08 by admin

BlockBeats news, January 8th: The cryptocurrency market continued to decline overnight and into this morning, with the rebound trend temporarily stalling, raising doubts about its sustainability.

According to HTX market data, Bitcoin hit a low of $90,675 this morning and is currently trading at $91,227, with a 24-hour drop of 2.5%.

Ethereum is currently trading at $3,165, with a 24-hour decline of 3.84%. SOL is currently trading at $136.53, with a 24-hour drop of 3.21%.

Deep Tide TechFlow News, on January 9, according to Jinshi Data, U.S. President Donald Trump stated in an exclusive interview with The New York Times that he has decided who to nominate for the next Federal Reserve chair but did not reveal the person. "I have made up my mind," he said, "but I haven't spoken to anyone about it yet." When asked about his chief economic advisor Hassett, Trump said "I don't want to say," but described Hassett as "absolutely one of the people I like."Whoever Trump chooses, the next Federal Reserve chair will take over an institution at a critical juncture, caught in the center of unprecedented intense pressure from the president to significantly lower interest rates. Prediction market Kalshi shows Kevin Warsh currently has a 41% probability of being elected Fed chair, Kevin Hassett 39%, and Christopher Waller 12%.