Bitcoin breaks through the $80,000 mark.

On January 31st, Bitcoin plummeted below $80,000, hitting its lowest level since April 2025 as part of a broader downturn in digital assets.

Bitcoin cryptocurrency. Photo: Reuters/VNA

In New York, Bitcoin fell 10% to $75,709.88. Ether, the second-largest cryptocurrency, dropped as much as 17% in value, and Solana also fell by more than 17% at one point. According to data from cryptocurrency data provider CoinGecko, this sell-off wiped out approximately $111 billion from the cryptocurrency market in the past 24 hours. The US dollar weakened for much of November 2026 as investors became increasingly wary of policy risks from the administration of US President Donald Trump, but this development had little effect on reviving cryptocurrency market sentiment.

Furthermore, the Bitcoin market showed no significant reaction to gold's record price surge, nor did it attract capital inflows following the sharp reversals in gold and silver prices at the end of the week. The delay in new regulations on the US market structure for cryptocurrencies has also reduced the attractiveness of digital assets. Louis Navellier, an expert at investment management firm Navellier & Associates, noted that silver and gold have become a vehicle for investors concerned about fiat currencies.

The lack of buying interest is raising new questions about the role of bitcoin in broader investment portfolios. Once touted as both a growth-oriented investment and a hedge against currency devaluation, the digital currency is struggling to fulfill both functions. Net outflows from spot ETFs continue, geopolitical risks have failed to trigger buying demand, and traditional safe-haven flows remain focused on metals and cash.

Source: https://baotintuc.vn/thi-truong-tien-te/bitcoin-xuyen-thung-moc-80000-usd-20260201085830084.htm