Bitcoin Crashes to $83K as Moving Average Shatters
Bitcoin broke below its 100-week moving average at $85,000 on January 29, triggering $319 million in liquidations. The asset now trades at $83,383, its lowest since November. Bitcoin ETFs shed $1.137 billion across five days.
Analysts project a decline to $71,000. Others warn that failure to reclaim $84,000 could push Bitcoin toward $60,000. Gold’s surge past $5,600 confirms safe-haven rotation.
XRP Falls Despite $1.37B in ETF Inflows
XRP climbed 25% in early January, reaching $2.40 and earning the “hottest crypto trade of 2026” label from CNBC. That momentum collapsed. XRP now trades around $1.87, despite spot ETF products attracting $1.37 billion in inflows over 43 consecutive days of positive inflows.
Exchange reserves fell 57% to 1.7 billion tokens, but price action disagrees. XRP failed to hold $2.28 and fights to maintain $2.00 support. A break below could trigger a retest of $1.61.
Solana Network Surges 56% But Price Drops
Solana hit 27.1 million active addresses in mid-January, a 56% weekly increase that pushed transaction volumes to 515 million. The Alpenglow upgrade promises 150-millisecond finality, targeting institutions. Solana ETF assets surpassed $1 billion with Bitwise’s BSOL capturing the majority of inflows.
None of that stopped the selloff. Solana trades between $113 and $127 after losing 6-7% in 24 hours. Until Solana reclaims the $143 resistance, buyers remain defensive.
