Around 19:55 (UTC) on Tuesday (January 21), the Bitcoin price fell below $8,550 for the first time since January 14, thereby helping to drag down the price of many altcoins by single-digit percentages.
According to data from CryptoCompare, although Bitcoin had been mostly trading above the $8,600 level since 14:00 (UTC) on January 14, dropped to $8,526 around 19:55 (UTC) on January 21, as we can see in the two-week BTC-USD price chart shown below:
Naturally, this has hurt the prices of many altcoins; here are a few examples:
- Ethereum (ETH): $167.84; down 0.26%
- Bitcoin Cash (BCH): $342.92; down 2.24%
- EOS: $3.62; down 1.55%
- Stellar (XLM): $0.0629; down 1.64%
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