- Bitcoin falls below $85K amid market pressure and a technical breakdown.
- Geopolitical tensions and Fed’s policy shifts influence market sentiment.
- Altcoins like Ethereum, Solana, and Cardano also experience declines.
Bitcoin’s price fell below $85,000 to approximately $84,300-$84,700 on January 29, 2026, amid U.S.-Iran tensions and a hawkish Federal Reserve shift.
This downturn illustrates increased market risk aversion, triggering parallel declines across major cryptocurrencies and reflecting potential shifts in investor sentiment and market stability.
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Bitcoin (BTC) price dropped below $85,000, fluctuating around $84,300–$84,700 on January 29, 2026. This marks a 5–6% decline driven by weak recovery and sustained selling pressure.
No direct statements came from prominent figures, but analyst Michaël van de Poppe noted historical patterns, highlighting Bitcoin’s past resilience and potential future growth. On-chain analytics from Glassnode indicated a changing market demand. As van de Poppe stated, “Back then, the first cryptocurrency crashed to $160. After that, a hundredfold increase occurred. The data speaks for itself: Bitcoin is currently significantly undervalued.”
The broader cryptocurrency market suffered, with Ethereum, Solana, and Cardano falling significantly. This reflects a general risk aversion shared across the industry.
No institutional activities reported, but ETF outflows exceeding $1.3 billion underscore reduced institutional appetite. Regulatory discussions are scheduled at the White House concerning stalled crypto legislation, highlighting the sector’s uncertain regulatory environment.
Analysts predict potential further declines if market support levels fail. Bitcoin’s past behavior suggests possible recovery phases, yet significant challenges remain, mainly driven by current investor sentiment.
Financial experts eye potential regulatory outcomes from upcoming legislation discussions. Additionally, market conditions may influence technological adoptions, depending on policy directions.
Historical data suggest caution due to previous fluctuations in market confidence and pricing stability.
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