Bitcoin’s price fell to $83,383 on January 29, 2026, marking the lowest level in two months amid significant ETF outflows and rare earth tariff concerns.
The drop highlights market volatility, raising concerns over cryptocurrency stability and shifting investor focus towards precious metals. Immediate reactions underscore the broader economic impact of geopolitical tensions.
Bitcoin Slumps to $83,383 Amid ETF Outflows
In January 2026, Bitcoin’s price fell to approximately $83,383, marking its lowest point in over two months. This decline is linked to ETF outflows over $1.1 billion and ongoing rare earth tariff tensions.
Bitcoin’s drop involves multiple factors, with outflows recorded from Bitcoin spot ETFs, and pricing challenges due to rare earth tariff concerns. The situation affects traders seeking stability in digital assets.
Precious Metals Attract Interest as Traders Speculate
Precious metals gained interest amidst capital rotation, as noted in the market. Meanwhile, Bitcoin leadership and top project figures remain silent on the matter, leaving traders speculating on future directions.
“In times of uncertainty, investors often turn to safe haven assets like precious metals,” said an analyst from Reuters.
Analysts predict potential financial impacts, considering ETF movements and trader sentiment on options. Historical data shows similar trends affecting digital currencies, with bearish sentiment prevailing among investors.
Bitcoin Patterns Reflect February and November 2025 Lows
The decline echoes previous corrections, notably the February 2025 and November 2025 support levels. Bitcoin’s pattern resembles earlier correction phases, highlighting persistent vulnerability in similar contexts.
Experts emphasize the potential for further decreases if historic trends repeat. Kanalcoin analysts note the likelihood of continued volatility, with support and resistance levels closely monitored by the market participants.
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