Why Is Crypto Down Today? – January 8, 2026

The crypto market is down today. BTC fell 2.7% to $90,235, and ETH dropped 4.1% to $3,120. “BTC is trading in a choppy range, reflecting a fragile balance between monetary policy expectations, liquidity conditions, and global risk appetite.”
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Bitcoin Mining Gets Greener as Canaan Recycles Heat for Agriculture

Canaan has launched a 3 MW Manitoba pilot that recycles Bitcoin Mining heat from 360 liquid-cooled Avalon units into a Canadian tomato greenhouse. The move comes as Kevin O’Leary has said buyers now want sustainably mined coins and Cambridge has reported renewables now power over 52% of the network.
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Mastermind Behind $4.5 Billion Bitfinex Hack Walks Free with Trump Pass

Ilya Lichtenstein, involved in the $4.5B Bitfinex Hack, has been released early through Trump’s First Step Act, joining a growing list of crypto offenders granted leniency as debates over digital asset regulation and political accountability continue across the United States.
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China’s Alibaba AI Predicts the Price of XRP, Bitcoin and Solana By the End of 2026

Alibaba AI has unveiled its latest crypto forecasts for Bitcoin, Solana, and XRP, projecting potential volatility in early 2026. The model outlines bullish upside targets and bearish downside risks, citing institutional inflows, ETF momentum, and macro trends as key market drivers to watch.
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