Bitcoin tumbles under $80,000 as Fed chair shift spooks crypto markets
NEW YORK, Jan 31, 2026, 14:50 EST
- Bitcoin fell 6.53% to $78,719.63 on Saturday, slipping under the $80,000 mark
- Ether dropped 11.76%, settling at $2,387.77 amid broad declines in key tokens
- Thin weekend liquidity compounded by renewed doubts over U.S. monetary policy pushed pressure higher
Bitcoin dropped below $80,000 on Saturday, deepening its recent slide. By 12:48 p.m. ET, the cryptocurrency had fallen 6.53% to $78,719.63. Ether also took a hit, tumbling 11.76% to $2,387.77. (Reuters)
Bitcoin slipped back to levels not seen since April 2025, as thin weekend liquidity combined with weak buying interest to deepen the drop. The wider crypto market lost roughly $111 billion in value within 24 hours, according…
