Bitcoin crashes below $80K again as investors panic

The cryptocurrency marketplace suffered a monolithic blow on Jan. 31 as Bitcoin (BTC) crashed beneath $80,000.

BTC fell 5% successful a time to commercialized at $78,479.21 at the clip of writing. It's Bitcoin's lowest terms clang since April 2025, erstwhile the cryptocurrency crashed pursuing U.S. President Donald Trump unleashing "Liberation Day" tariffs.

Related: Leading miner walks distant from Bitcoin

To enactment things successful perspective, Bitcoin's existent terms is lone 5% supra the mean terms astatine which Strategy (Nasdaq: MSTR), the world's largest Bitcoin treasury company, has purchased the coins, arsenic per the onchain analytics level Arkham Intelligence.

Other cryptocurrencies besides crashed pursuing the king coin.

Ethereum (ETH) fell astir 12% to $2,395.58. BNB fell 8% to $779.57, XRP 11% to $1.56, and Solana (SOL) 11% to $103.44.

The full crypto marketplace headdress declined much than 6% successful 24 hours to $2.73 trillion astatine the clip of writing. In fact, implicit $100 cardinal of marketplace headdress has disappeared successful the past 5 hours.

As per the onchain analytics level CoinGlass, implicit $1.61 cardinal worthy of crypto positions person been liquidated wrong the past 24 hours. It includes $1.46 cardinal successful agelong and $127.8 cardinal successful abbreviated positions.

Ether, with $560 million, led the crypto liquidations, followed by $481 cardinal successful Bitcoin positions and $95 cardinal in Solana positions.

In the past 24 hours, 358,161 traders were liquidated.

An Ether liquidation bid worth $13.38 cardinal on Hyperliquid turned retired to beryllium the largest azygous liquidation bid during the past 24 hours.

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A crypto analyst, who goes by the X grip called "Daan Crypto Trades," said connected Jan. 29 that Bitcoin isn't "extremely acold off" its 200-week moving mean (WMA).

It has often been a "great worth country for agelong word buys" astatine this level, helium added.

The 200 WMA is simply a semipermanent method indicator that averages an asset’s closing prices implicit the past 200 weeks.