In a period of major tumult for
Bitcoin, observed fall below $80,000 is considered as a crisis of confidence. It can be said that a period of 'hopium' for bulls might be over, considering the drop below $78,000 after President Donald Trump appointed
Kevin Warsh to lead the
Federal Reserve. Several
ETFs have shed billions, and Bitcoin along with other cryptocurrencies like
XRP and
Ethereum has been noted to fall, following Warsh's appointment.
JPMorgan observes that Bitcoin futures are oversold while
U.S. Treasury has seized more Bitcoin to add to the Strategic Bitcoin Reserve. Michael Saylor, despite the market turmoil, hints at another Bitcoin purchase.
MicroStrategy has doubled down on Bitcoin despite recent struggles. The market is divided on calls of bear market. Bitcoin sees price forecasts follow old bear market patterns, predicting a drop to $75,000 and even sub-$50K levels. Bitcoin’s prices have dipped below $79,000 following silver sell-off and choosing Kevin Warsh as Fed chair. However, despite all this, there's a rush of new buyers to accumulate Bitcoin. The article also warns of certain risks that Bitcoin investors should be aware of and hints that the ongoing crash might get worse. Speculation is rife on whether Kevin Warsh's appointment could adversely affect Bitcoin, as he has been described as a “good policeman for policy”. Investors are being advised to approach cryptocurrency cautiously. A lot of uncertainty still surrounds Bitcoin’s future movements. The market sentiment is high on fear, with a substantial surmise that the crash is only getting started. However, some experts still believe that Bitcoin would make a good investment once it hits the ‘value zone’. It is also reported that amid all this, mega-whales are quietly buying the dip which is interesting. External events like U.S government entering partial shutdown also can impact Bitcoin.
Bitcoin News Analytics from Tue, 20 Jan 2026 18:32:17 GMT to Sun, 01 Feb 2026 21:45:00 GMT -
Rating -7
- Innovation 2
- Information 8
- Rumor -2
