{"id":93723,"date":"2026-01-29T19:09:54","date_gmt":"2026-01-29T16:09:54","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=93723"},"modified":"2026-01-29T19:10:48","modified_gmt":"2026-01-29T16:10:48","slug":"bitcoin-plummets-to-85000-amid-gold-decline","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-plummets-to-85000-amid-gold-decline\/","title":{"rendered":"Bitcoin Plummets to $85,000 Amid Gold Decline"},"content":{"rendered":"<p>On January 29, the leading cryptocurrency sharply fell from $88,000 to $85,000, losing approximately 3.5%. The drop followed a decline in gold prices.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"509\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-ba5835ad0014feac-4919082680365609-1024x509.png\" alt=\"image\" class=\"wp-image-274245\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-ba5835ad0014feac-4919082680365609-1024x509.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-ba5835ad0014feac-4919082680365609-300x149.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-ba5835ad0014feac-4919082680365609-768x382.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-ba5835ad0014feac-4919082680365609-1536x764.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-ba5835ad0014feac-4919082680365609.png 1835w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart on Binance. Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Shortly before the correction, the precious metal reached another all-time high of $5,600 per ounce. At the time of writing, it is trading around $5,100.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"509\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-4ee094cd456f63b1-4919082677480949-1024x509.png\" alt=\"image\" class=\"wp-image-274247\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-4ee094cd456f63b1-4919082677480949-1024x509.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-4ee094cd456f63b1-4919082677480949-300x149.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-4ee094cd456f63b1-4919082677480949-768x382.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-4ee094cd456f63b1-4919082677480949-1536x764.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-4ee094cd456f63b1-4919082677480949.png 1835w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">15-minute AUX\/USD chart. Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/XAUUSD\/?exchange=OANDA\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>The stock market also recorded a decline: the <a href=\"https:\/\/ru.tradingview.com\/symbols\/SPX\/\">S&#038;P 500<\/a> index fell by 1.36% over the day, and the <a href=\"https:\/\/ru.tradingview.com\/symbols\/NASDAQ-NDX\/\">NASDAQ<\/a> by 1.8%.\u00a0<\/p>\n<p>Following Bitcoin, gold, and stocks, the rest of the crypto market also turned red. All top-10 cryptocurrencies by market capitalization showed a decline.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"589\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-3cbf575265989123-4919082670434200-1024x589.png\" alt=\"image\" class=\"wp-image-274244\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-3cbf575265989123-4919082670434200-1024x589.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-3cbf575265989123-4919082670434200-300x173.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-3cbf575265989123-4919082670434200-768x442.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-3cbf575265989123-4919082670434200.png 1171w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>Ethereum fell to $2,800, and Solana dropped below $120.\u00a0<\/p>\n<p>The total cryptocurrency market capitalization fell below $3 trillion for the first time since April 2025.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Expert Observations<\/h2>\n<p>Analyst Micha\u00ebl van de Poppe noted that Bitcoin&#8217;s current valuation relative to gold has dropped to 2016 lows.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I would be incredibly happy if I were taken back to 2015, to be buying <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> at the peak bottom then. <\/p>\n<p>The current valuation of Bitcoin vs. Gold is lower than the bottom of that cycle.<\/p>\n<p>Back then, <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> crashed to $160.<\/p>\n<p>After that period, a 100X happened.<\/p>\n<p>The data tells the\u2026 <a href=\"https:\/\/t.co\/WvM6qX3qHn\">pic.twitter.com\/WvM6qX3qHn<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/2016867397588652268?ref_src=twsrc%5Etfw\">January 29, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cBack then, the first cryptocurrency crashed to $160. After that, a hundredfold increase occurred. The data speaks for itself: Bitcoin is currently significantly undervalued,\u201d he added.<\/p>\n<\/blockquote>\n<p>The trader known as DaanCrypto <a href=\"https:\/\/x.com\/DaanCrypto\/status\/2016841267527786643\">highlighted<\/a> the acceleration of the global liquidity index at the beginning of 2025. According to him, \u201csignificant movements\u201d occurred in all asset classes except Bitcoin.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-1147b9ffc6529504-4919082669546407.webp\" alt=\"image\" class=\"wp-image-274246\"\/><figcaption class=\"wp-element-caption\">Source: X.<\/figcaption><\/figure>\n<p>According to Glassnode, the realized profit and loss ratio (<span data-descr=\"90-day moving average\" class=\"old_tooltip\">90DMA<\/span>) fell from peak values around 19 in July 2025 to just 1.7 currently.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Chart of The Week: Realized Profit\/Loss Ratio<\/p>\n<p>The 90D-SMA Realized Profit\/Loss Ratio has plummeted from a peak of 19 in July 2025 to just 1.7 today. This sharp decline signals a major shift in market demand and rising investor frustration.<\/p>\n<p>Are we repeating the low-liquidity\u2026 <a href=\"https:\/\/t.co\/hI66GUNekV\">https:\/\/t.co\/hI66GUNekV<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/2016898988268519722?ref_src=twsrc%5Etfw\">January 29, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This sharp decline indicates a significant change in market demand and growing investor dissatisfaction, researchers explained.\u00a0<\/p>\n<p>Glassnode <a href=\"https:\/\/forklog.com\/en\/news\/glassnode-identifies-83400-as-bitcoins-last-support-before-potential-price-drop\">identified<\/a> the $83,400 level as the last support before Bitcoin&#8217;s price collapse.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On January 29, the leading cryptocurrency sharply fell from $88,000 to $85,000, losing approximately 3.5%. The drop followed a decline in gold prices.<\/p>\n","protected":false},"author":1,"featured_media":93724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin fell from $88,000 to $85,000, losing 3.5%, following gold's decline.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,536,1145],"class_list":["post-93723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-gold","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"373","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin fell from $88,000 to $85,000, losing 3.5%, following gold's decline.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=93723"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93723\/revisions"}],"predecessor-version":[{"id":93725,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93723\/revisions\/93725"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/93724"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=93723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=93723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=93723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}