The Business Times

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

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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

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