On Friday, January 30, Bitcoin crashed to $84,570, a drop of 5.1% on the day. Ethereum followed with a 6.3% decline, trading at $2,819. Over the week, the pullback reached 5.4%, erasing the gains from earlier in the week. Volumes exploded, a sign of panic selling. The crypto market is under pressure. This sudden crash comes amid a climate of uncertainty. Traditional markets are also down, penalized by recession fears and disappointing economic data. Cryptocurrencies, sensitive to risk, are experiencing massive liquidations. No specific event is cited, but the general sentiment is a flight to safe-haven assets like gold. Bitcoin lost the $85,000 support level, an important psychological threshold. For investors, this day is a heavy blow. The week, which started with a rebound, ends on a negative note. Bitcoin could test $80,000 if selling pressure continues. Ethereum, below $3,000, shows worrying weakness. The coming days will be decisive: a quick stabilization could reassure, but another drop would heighten fears. Caution is more warranted than ever.
