Bitcoin plunged sharply on Saturday (January 31, 2026), falling below $80,000 — its lowest level since April 2025 — amid a broad-based crypto market sell-off. The decline occurred amid thin liquidity and weak buying interest, accelerating losses that have erased over 30% of Bitcoin’s value this year. According to Bloomberg data, Bitcoin dropped as much as 10% to $75,709.88 during afternoon trading in New York. Ethereum fell up to 17%, while Solana slid more than 17% at one point. The mass selloff reduced the total cryptocurrency market capitalization by approximately $111 billion over the past 24 hours, per CoinGecko. Coinglass reported around $1.6 billion in liquidations — both long and short positions — within the same period, with most occurring in the last four hours, primarily targeting Bitcoin and Ethereum.
Bitcoin Drops Below $80,000 — Lowest in 9 Months
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in Economy