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New Bitcoin whales may send BTC price to $85K: Here's why

Analysts say Bitcoin's volatile price action reflects an increasing risk of distribution as new BTC BTC - $90681.635 whales control the price action. Is a drop to $85,000 in play for the short-term?

Source: cointelegraph.com

Related symbols: BTCUSD

2026-01-20 20:29:01 GMT.

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BTC

Price & Market Data

Price: $90681.635

Volume 24h: $35,711,561,681.79

Market Cap: $1,811,802,839,091.60

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,979,671. The last known price of Bitcoin is 88,875.34090292 USD and is down -1.27 over the last 24 hours. It is currently trading on 12526 active market(s) with $36,433,724,938.47 traded over the last 24 hours. More information can be found at https://bitcoin.org/.