Zcash Sheds Over 20% as Bitcoin Retreats Below $90,000 After $95,000 Rejection

Bitcoin's new-year advance stalled after the price fell back under $90,000 following a rejection near $95,000, while its market capitalization slipped to $1.8 trillion and dominance hovered around 57%. Major altcoins also declined, with XRP dropping by more than 6% and Zcash losing over 20% after a developer announced their departure, as the total crypto market cap contracted by roughly $100 billion to $3.170 trillion.