Bitcoin price hits a two-month low.

(Photo: AFP/VNA)

Specifically, in Singapore, the price of Bitcoin at one point fell 3.9% to $81,102/BTC, its lowest level since November 21, 2025. The sell-off accelerated from the evening of January 29, leaving Bitcoin currently worth 34% less than its historical peak set on October 6.

Notably, 12 spot Bitcoin ETFs listed in the US have recorded three consecutive months of net outflows. If this trend continues until the end of January 2026, it will be the longest streak of outflows since these products launched in 2024. According to data compiled by Bloomberg, the total value of net outflows during this period amounts to approximately $4.8 billion.

Bitcoin's decline contrasts sharply with the recent surge in gold and other precious metals, amid rising geopolitical uncertainty that is leading investors to favor traditional safe havens and be more cautious about risky assets like cryptocurrencies.

Notably, if Bitcoin's value is measured against gold, the cryptocurrency has fallen by approximately 60% from its peak recorded at the end of 2024, thus undermining the argument that Bitcoin can act as a hedge against risk similar to gold.

“Today’s weak performance once again highlights the enduring role of cryptocurrencies as a high-volatility risk asset compared to traditional risk assets, as the digital market amplifies general risk aversion sentiment, while equities, particularly technology stocks, continue to be under pressure,” said Chris Newhouse, Director of Business Development at Ergonia.

According to Matt Maley, chief strategist at Miller Tabak & Co., pressure also stems from investors dismantling popular traditional market strategies, such as the "carry trade" with the Japanese yen. This strategy involves borrowing low-yielding yen to invest in higher-yielding currencies or assets.

“Bitcoin and other cryptocurrencies are assets that tend to fluctuate according to liquidity. When liquidity is abundant, the price of digital currencies increases, and when liquidity is tight, they decrease. And one of the best indicators of liquidity in the system is carry trades with the yen,” Maley noted, adding that investors are closely watching the $80,000 /BTC mark as a key support level for Bitcoin's price.

The outflow of capital is also reflected in the products of the giant investment fund BlackRock. The iShares Bitcoin Trust (IBIT) – once considered one of the most successful ETF launches – has now been surpassed in terms of assets under management by BlackRock's own gold ETF.

Some traders warn that Bitcoin could face further pressure if the psychological support level of $80,000/BTC is breached, especially given that liquidity is typically thinner over the weekend, potentially amplifying volatility.

Source: https://vtv.vn/gia-bitcoin-cham-day-hai-thang-100260130120614662.htm