The Business Times
business-time-50

Bitcoin drops below US$86,000 as traders retreat from risk assets

Summarise
google-preferred-sourceAdd BT as a preferred source
Published Fri, Jan 30, 2026 · 12:20 AM
    • The largest cryptocurrency slipped as much as 4.7 per cent to US$85,105, the lowest price since Dec 19.
    • The largest cryptocurrency slipped as much as 4.7 per cent to US$85,105, the lowest price since Dec 19. PHOTO: REUTERS

    [NEW YORK] Bitcoin dropped below US$86,000 for the first time in about six weeks amid a pullback in risk assets. 

    The largest cryptocurrency slipped as much as 4.7 per cent to US$85,105, the lowest price since Dec 19. Smaller digital assets fell more, with Ether, Doge, Cardano and Solana all down at least 6 per cent or more. 

    Cryptocurrencies are mirroring a tech selloff that has dragged down stocks amid no signs of easing up on artificial-intelligence spending even as doubts persist about the staying power of demand to justify all that capital. BLOOMBERG

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    BitcoinCryptocurrencies

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Widening affordability gaps and diverging buyer profiles could give way to an eventual structural decoupling of private and public housing markets.

    Singapore private housing is ‘decoupling’ from HDB market as buyer pools diverge: NUS survey

    Simba has 1.4 million active mobile subscribers as at Jan 31, an increase from 1.2 million from the year-ago period.

    Simba’s 5G spectrum hurdle may accelerate Singapore’s telco market reset

    The currency depreciated as much as 0.2% to touch 161.98 versus the greenback in New York trading on Monday (Jun 29).

    Yen hits 40-year low in historic slide that’s rattled Japan

    Vincent Tan, founder of Berjaya Group, has reduced his holdings in multiple companies within the group.

    Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More