Bitcoin (BTC) continued to slide on Thursday, extending the downward trend 
seen throughout the week and briefly falling below the closely watched $85,000 
level, despite progress on long-awaited US crypto legislation failing to lift 
market sentiment. Crypto Prices Fall Despite Regulatory Progress The decline 
came on the same day the Senate Agriculture Committee advanced its portion of 
the proposed crypto market structure legislation, known as the CLARITY Act. 
While the committee’s action was widely viewed as a positive development for 
the digital asset industry, it did little to support prices in the short term. 
Related Reading: White House To Host Crypto And Banking Leaders In Push To 
Break Regulatory Deadlock Instead of triggering a rally, the news coincided 
with a sharp market sell‑off. Bitcoin dropped by roughly $2,700 in a short 
period, setting off a wave of liquidations that erased an estimated $356 
million in long positions. Data from Coinglass further shows that total 
liquidations across the crypto market reached about $803 million over the past 
24 hours, including roughly $693 million in long liquidations and $109 million 
in short liquidations. Bitcoin Hovers Near Breakdown Levels As earlier 
reported by Bitcoinist, the CLARITY Act cleared an important procedural hurdle 
earlier on Thursday when the Senate Agriculture Committee approved its section 
of the bill during a scheduled markup. The legislation aims to establish a 
clearer regulatory framework for digital assets in the United States. With the 
Agriculture Committee’s approval secured, lawmakers must merge the provisions 
that expand the Commodity Futures Trading Commission’s (CFTC) role with 
parallel sections overseen by the Senate Banking Committee, which address the 
Securities and Exchange Commission’s jurisdiction. At the same time, 
legislators will need to determine whether bipartisan backing can still be 
achieved for a measure that could significantly reshape crypto regulation in 
the US. Related Reading: Bitcoin Supply In Loss Begins To Rise, Raising Early 
Bear Market Concerns From a technical perspective, market analyst Rekt Capital 
said that in the near term, Bitcoin needs to prevent the former range low 
around $86,000 from turning into resistance on lower time frames. He added 
that a weekly close above that level would be necessary to avoid a deeper 
breakdown. According to his analysis, a decisive break below the roughly 
$86,000 area could open the door to another test of the macro triangle bottom 
near $82,500. A further drop below that level, he cautioned, would signal an 
acceleration of bearish momentum. As of now, the market’s leading 
cryptocurrency has only briefly recovered to $85,135. However, it is still far 
from reaching the critical level outlined by the analyst. Therefore, Friday’s 
price action will be crucial in determining Bitcoin’s next move. Featured 
image from OpenArt, chart from TradingView.com

Bitcoin Slides Toward $85,000 Despite Progress On US Crypto Market Structure Bill

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Bitcoin’s digital gold narrative eroded further on Jan. 29, as the 
cryptocurrency’s price action mimicked the volatility of tech stocks rather 
than acting as an independent safe haven asset. Tech Earnings Trigger a Market 
Contagion As January 2026 draws to a close, a sobering reality has set in for 
many crypto enthusiasts: bitcoin’s narrative as […]

Bitcoin Slumps to $83K Amid Nasdaq’s AI-Driven Free-Fall

Cryptocurrency markets have shown limited momentum this week, with both 
Bitcoin and Ethereum lingering in narrow price ranges. This price action comes 
on the heels of the US Federal Reserve&#8217;s decision to keep interest rates 
unchanged. Traders and investors appeared to have taken a wait-and-see 
approach, leaving the largest digital assets stuck in consolidation without 
any breakout in either direction. Fed Policy And Market Expectations The 
Federal Reserve chose to hold benchmark interest rates at 3.50-3.75% in its 
latest policy meeting on Wedensday, a decision that was largely anticipated by 
markets. Still, this meeting marked the first pause in policy easing since 
July 2025, ending a stretch where the central bank cut rates three times last 
year while assessing how the economy was responding to President Donald 
Trump’s combative fiscal and trade policies. Related Reading: Bitcoin Price 
Following The 2022 Fractal? Here Was The Previous Outcome By choosing to step 
back from further cuts, policymakers have now taken a more cautious stance 
before adjusting rates again. However, two governors dissented, preferring a 
quarter-point cut. Stephen Miran, as well as Christopher Waller, advocated for 
a 25-basis-point cut. The pause is continued caution about inflation and 
economic data, suggesting further easing won’t come without clear evidence of 
weaker economic conditions. In its statement, the Federal Reserve noted that 
the Committee is strongly committed to supporting maximum employment and 
returning inflation to its 2% objective. This kind of higher-for-longer 
message can dampen risk appetite, and cryptocurrencies, which are viewed as 
risk assets, are feeling the impact. Bitcoin And Ethereum Locked In Tight 
Consolidation Recent price action across Bitcoin and Ethereum continues to 
indicate a market stuck in indecision. Bitcoin briefly tested the 
psychological $90,000 level but failed to establish acceptance above it, 
slipping back into a narrow range around $87,000 to $89,000. Related Reading: 
Analyst Says You’re Not Bullish Enough On Ethereum – What Does He Mean? A 
recent rejection at $90,000 has limited upside follow-through and has kept 
both buyers and sellers cautious, as neither side has been able to take 
control. This lack of momentum is also reflected in steady outflows from Spot 
Bitcoin ETFs, which witnessed $28.1 million in outflows in the past 24 hours. 
Ethereum has mirrored Bitcoin&#8217;s behavior almost step for step. The price broke 
above $3,000 very briefly in the past 24 hours, but it has since rejected and 
is back to trading around $2,900. This movement puts it oscillating within a 
tight band without delivering a decisive breakout or breakdown. Interestingly, 
Spot Ethereum ETFs, on the other hand, had $28.10 million in inflows in the 
past 24 hours. Although on-chain indicators like increasing wallet 
participation show underlying engagement, those signals have yet to translate 
into a sustained bullish momentum. Profit-taking near the $3,000 resistance 
and uncertainty have continued to restrict short-term gains. As it stands, 
both Bitcoin and Ethereum seem likely to remain confined to their current 
ranges until a stronger catalyst emerges. Featured image from iStock, chart 
from Tradingview.com

Cryptocurrency price in ARS