Steep decline: Bitcoin falls below $80,000
1 February 04:02
On Saturday, January 31, the Bitcoin cryptocurrency fell sharply, dropping below $80,000 and reaching its lowest level since April 2025.
This was reported by "Komersant Ukrainian" with reference to Bloomberg.
According to the publication, the decline occurred amid low liquidity and limited buying interest. This exacerbated the collapse, causing the world’s largest cryptocurrency to lose more than 30% of its value.
Thus, on Saturday at noon, Bitcoin fell in price by 7.1% to $78,159.41. At the same time, other tokens showed even more significant losses. Ethereum, the second-largest digital asset, lost more than 10%, and Solana lost more than 11%.
If we look at the Binance exchange, the collapse of BTC is also confirmed there.
“According to CoinGecko, the sell-off has led to a decline in the total value of the cryptocurrency market by approximately $111 billion over the past 24 hours,” Bloomberg writes.
According to the analytical company Coinglass, during the same period, short and long positions worth about $1.6 billion were liquidated, most of which occurred in the last four hours, mainly involving Bitcoin and Ethereum.
