ExchangeDEX+
Buy CryptoMarketsSpotFuturesGOLDEarnEvents
More
The Big Tech selloff on Thursday is spooking investors and dragging down Bitcoin and other cryptocurrencies, analysts say.The Big Tech selloff on Thursday is spooking investors and dragging down Bitcoin and other cryptocurrencies, analysts say.

Bitcoin price sub $80,000? Investors flee amid tech selloff, government shutdown fears

Author: DL News
Source: DL News
2026/01/30 16:54
3 min read

The Big Tech selloff on Thursday is spooking investors and dragging down Bitcoin and other cryptocurrencies, analysts say.

Bitcoin’s price has tanked by over 6% over the past 24 hours, according to CoinGecko.

Optimistic traders hoping for a bounce have been wiped out, with $1.6 billion in long positions liquidated, Coinglass data shows.

“Concerns around heavy AI investment by big tech, without the corresponding earnings to justify the spend, appear to be unsettling broader risk assets,” Matt Howells-Barby, VP of growth at crypto exchange Kraken, said in an investor note shared with DL News.

A retest of $80,000 per Bitcoin is a real possibility, he said.

The downturn comes as Microsoft’s value dropped by about $357 billion in the second-largest selloff for a single trading session in stock market history.

“Markets were firmly risk-on going into this move, so it’s not surprising to see investors pause and reassess their risk appetite,” Howells-Barby said.

The selloff also dented precious metals, which have enjoyed a meteoric rise in recent months. Gold sank nearly 3% in the past day, and is trading at $5,177 at the time of reporting.

Crypto-linked companies were also hammered. Strategy and Bitmine both saw their share price sink nearly 10%.

More uncertainty ahead

Further blinding investors’ radar, the US Senate’s last-minute push to avert a federal government shutdown hit turbulence late on Thursday night.

Republican Senator Lindsey Graham halted the government funding package, forcing lawmakers to delay a final vote. He is insisting on further funding for the Department of Homeland Security.

Bettors on Polymarket now anticipate a 61% chance of a US government shutdown by January 31.

The last government shutdown in October and November caused lasting damage to markets, with the White House describing the economic situation as “flying blind.”

The crypto industry still hasn’t recovered from its October peaks, and is now sitting below $3 trillion.

Crypto market movers

  • Bitcoin is down 6.3% over the past 24 hours, trading at $82,417.
  • Ethereum is down 7.4% past 24 hours at $2,728.

What we’re reading

  • Here’s when XRP price is seen to surge by 80% after Ripple Treasury launch — DL News
  • Crypto bill advances in Senate committee despite Demcrats’ Trump, DeFi concerns — DL News
  • Why HYPE Is Up While Every Other Crypto, Including Bitcoin, Is Down — Unchained
  • DXY at multi-year lows, why it matters — Milk Road
  • Ripple Treasury won’t force crypto on sceptical clients, exec says — DL News

Lance Datskoluo is DL News’ Europe-based markets correspondent. Got a tip? Email him at lance@dlnews.com.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
Robinhood Chain Public Testnet Launch: A Strategic Pivot into Ethereum’s Layer 2 Ecosystem

Robinhood Chain Public Testnet Launch: A Strategic Pivot into Ethereum’s Layer 2 Ecosystem

BitcoinWorld Robinhood Chain Public Testnet Launch: A Strategic Pivot into Ethereum’s Layer 2 Ecosystem In a significant move that expands its footprint beyond
Share
bitcoinworld2026/02/11 10:05
Russian State Duma passes bill on cryptocurrency seizure and confiscation procedures

Russian State Duma passes bill on cryptocurrency seizure and confiscation procedures

PANews reported on February 11 that, according to Bits.media, the Russian State Duma has passed a procedural law on the seizure and confiscation of cryptocurrencies
Share
PANews2026/02/11 09:54