BitcoinBTC() dropped to two-month-lows on Thursday, as the crypto market joined precious metals and stocks in a quick sell-off.
The following are key points.
-
Bitcoin drops below $85,000 while macro assets plunge from record-highs.
-
Market watchers are shocked by the price of gold and silver as concerns over financial stability in general grow.
-
BTC Price Action is Hard to Avoid “Bearadise” At the end of each month, we will close our books.
Bitcoin caught up in gold meltdown
The Data of TradingView Bitstamp recorded new 2026 Bitcoin lows, reaching $83,156. This brings daily losses up to nearly 6%.
The support at 2026’s yearly opening, along with nearby moving averages failed to deter sellers. crypto liquidations In just four hours, we’ve passed $500,000,000.
Not only Bitcoin but altcoins also experienced a sudden decline, as traders were caught off-guard by global asset volatility. In just 30 minutes, gold fell by $400, after hitting $5,600 in the history of the world earlier that day.
The precious metal lost more than the entire Bitcoin market capitalization.
Bitcoin traders reacted by balancing macro-volatility with the hope of a reset that may give bulls finally a break.
BTC can’t be pumped by rate reductions
BTC cannot be pumped by a pro-crypto presidential candidate.
Weak dollar can’t pump BTC.
Institutional adoption can’t pump BTC.
BTC can’t be increased by the rising Global liquidity.
Fed’s injection of liquidity cannot pump BTC
BTC’s price is not boosted by new ATH.Is there anything that could pump BTC… pic.twitter.com/GK5OAHHP4m
— BitBull (@AkaBull_) January 29, 2026
“Wild markets today as Gold and Silver erase trillions in minutes. Yes, $BTC goes down during that panic flush, and we’ll probably see some lower levels,” crypto trader, analyst and entrepreneur Michaël van de Poppe wrote Posting on X.
” time for Bitcoin to shine is coming.”
Nic Puckrin was CEO of Coin Bureau, a crypto educational resource. He warned about the abnormality in movements on precious metals.
“Gold and silver just don’t do this,” He told X Followers: Calling the Latest Price Action “insane.”
Puckrin claimed that the US Dollar, as the reserve currency of the world, was facing “confidence erosion” Investors and central banks are bracing themselves for turmoil by increasing their global demand for gold and silver.
“They are prepositioning,” He concluded.
“Get excited about metals, but realise these buys are essentially insurance. And, when gold and silver actually ‘do this,’ we need to pay attention.”
BTC monthly price close is in the spotlight
Earlier, Cointelegraph reported On manipulating Bitcoin order books involving an unidentified whale entity “suppressing” price.
Related: Bitcoin trend line cross mimics 2022 amid ‘insane’ BTC vs. silver breakdown
Keith Alan, the cofounder and reporter of the material Indicators trading resource, who reported on the phenomena, reiterated later the necessity to claim the 2026 by closing the monthly candles.
“$BTC is once again testing support at what I consider to be the most important level on the chart. The Monthly candle close rapidly coming into focus makes this an inflection point for the trend,” He wrote On X.
“A monthly close above the Yearly Open will fuel hopium for bulls. A close below that Timescape Level ($87.5k) will puts us on a path to Bearadise.”
The article is not intended to provide investment advice. Each investment or trading decision involves risk. Readers should do their own research before making any decisions. Cointelegraph, while striving to give accurate information and in a timely manner, does not guarantee accuracy, completeness or reliability. The article could contain statements which are forward-looking and subject to risk. Cointelegraph shall not be responsible for any damage or loss resulting from reliance on the information.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
