{"id":93791,"date":"2026-02-01T19:12:11","date_gmt":"2026-02-01T16:12:11","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=93791"},"modified":"2026-02-02T09:58:28","modified_gmt":"2026-02-02T06:58:28","slug":"week-in-review-bitcoin-falls-below-80000-and-thedao-relaunches","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/week-in-review-bitcoin-falls-below-80000-and-thedao-relaunches\/","title":{"rendered":"Week in Review: Bitcoin Falls Below $80,000 and TheDAO Relaunches"},"content":{"rendered":"

The crypto market suffered a deep correction, the Ethereum community moved to relaunch TheDAO, Trump floated a replacement for the chair of the Fed<\/span>, and other events of the week.<\/p>\n

A deep slide<\/h2>\n

The week began quietly, with bitcoin even heartening investors by rising towards $90,000. The second half brought several sharp sell-offs.<\/p>\n

On Thursday, after the US session opened, bitcoin plunged<\/a> from $88,000 to $83,000.\u00a0<\/p>\n

\"image\"
Hourly chart, BTC\/USDT, Binance. Source: TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n

Shortly before the crypto sell-off, gold hit an all-time high at $5,600 per ounce before slipping to $5,100. The tendency to track the precious metal\u2019s pullbacks persisted through the week.<\/p>\n

\"image\"
Hourly chart, AUX\/USD. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

Overnight on 30 January bitcoin continued to fall, lurching to $81,000. That triggered<\/a> a wave of $1.7bn in liquidations.<\/p>\n

The next day, after a rebound to $85,000, came another, steeper drop \u2014 below $80,000<\/a>. Briefly, the coin tested $75,000 for the first time since April 2025.<\/p>\n

Forced liquidations over 24 hours topped $2.5bn.<\/p>\n

\"image\"
Source: CoinGlass<\/a>.<\/figcaption><\/figure>\n

At the time of writing, digital gold trades around $78,000, down 12% on the week.<\/p>\n

Market views on the next leg diverged. Trader Kit Alan suggested a double bottom forming around $74,000, which aligns with April\u2019s support line.<\/p>\n

MN Trading founder Micha\u00ebl van de Poppe noted that the RSI<\/a> on the weekly bitcoin\/gold chart had dropped below 30.<\/p>\n

\n

\u00ab[\u2026] \u044d\u0442\u043e \u0441\u0438\u0433\u043d\u0430\u043b, \u043a\u043e\u0442\u043e\u0440\u044b\u0439 \u0441\u0440\u0430\u0431\u0430\u0442\u044b\u0432\u0430\u043b \u0432\u043e \u0432\u0440\u0435\u043c\u044f \u043c\u0438\u043d\u0438\u043c\u0443\u043c\u043e\u0432 \u043c\u0435\u0434\u0432\u0435\u0436\u044c\u0435\u0433\u043e \u0440\u044b\u043d\u043a\u0430 \u0432 2015, 2018 \u0438 2022 \u0433\u043e\u0434\u0430\u0445. \u0418 \u043e\u043d \u0441\u0440\u0430\u0431\u0430\u0442\u044b\u0432\u0430\u0435\u0442 \u0441\u043d\u043e\u0432\u0430\u00bb, \u2014 \u0434\u043e\u0431\u0430\u0432\u0438\u043b \u044d\u043a\u0441\u043f\u0435\u0440\u0442.\u00a0\u00a0<\/p>\n<\/blockquote>\n

The rest of the crypto market bled alongside bitcoin; some coins fell much harder than the bellwether.\u00a0<\/p>\n

\"image\"
Source: CoinGecko<\/a>.<\/figcaption><\/figure>\n

Ethereum sank to $2,300 (-19% in seven days), BNB to $750 (-13%), and Solana (-17%) to $100.<\/p>\n

Total crypto market capitalisation fell to $2.7trn. BTC dominance is 57.5%, ETH 10.6%.<\/p>\n

The Crypto Fear and Greed Index<\/a> fell to 14 for the first time since mid-December 2025.\u00a0<\/p>\n

\"image\"
Source: Alternative<\/a>.\u00a0<\/figcaption><\/figure>\n

Raising the dead\u00a0\u00a0<\/h2>\n

On 29 December the Ethereum team announced<\/a> a decision to relaunch TheDAO, hacked in 2016. The initiative took effect the same day.<\/p>\n

Under the programme, the organisation becomes a fund to support blockchain security. It will be financed from part of the ~75,000 ETH left unclaimed since the attack.<\/p>\n

TheDAO curators, including Vitalik Buterin, have already outlined plans to allocate $13.5m in grants for external developers. Distribution will occur through DAO<\/a> mechanisms.\u00a0<\/p>\n

\"image\"
TheDAO curators. Source: TheDAO blog.<\/figcaption><\/figure>\n

The remaining coins, worth about $200m, will go into staking<\/a>.\u00a0<\/p>\n

\n

\u00ab\u0426\u0435\u043b\u044c \u0444\u043e\u043d\u0434\u0430 TheDAO \u2014 \u0441\u0434\u0435\u043b\u0430\u0442\u044c Ethereum \u043d\u0430\u0441\u0442\u043e\u043b\u044c\u043a\u043e \u0431\u0435\u0437\u043e\u043f\u0430\u0441\u043d\u044b\u043c, \u0447\u0442\u043e\u0431\u044b \u0432\u0430\u0448\u0438 \u0441\u0431\u0435\u0440\u0435\u0436\u0435\u043d\u0438\u044f \u0431\u044b\u043b\u043e \u0432\u044b\u0433\u043e\u0434\u043d\u0435\u0435 \u0445\u0440\u0430\u043d\u0438\u0442\u044c \u0432 DeFi-\u043f\u0440\u043e\u0442\u043e\u043a\u043e\u043b\u0435, \u0447\u0435\u043c \u0432 \u0431\u0430\u043d\u043a\u0435\u00bb, \u2014 \u043f\u043e\u0434\u044b\u0442\u043e\u0436\u0438\u043b\u0438 \u043f\u0440\u0435\u0434\u0441\u0442\u0430\u0432\u0438\u0442\u0435\u043b\u0438 \u043e\u0440\u0433\u0430\u043d\u0438\u0437\u0430\u0446\u0438\u0438.\u00a0<\/p>\n<\/blockquote>\n

The attack on TheDAO was among the most high-profile hacks in crypto. The hacker withdrew ~3.6m ETH \u2014 at the time about 3.5% of supply. The incident later led to a contentious hard fork<\/a> of Ethereum\u2019s mainnet.<\/p>\n

What to discuss with friends?<\/h2>\n