Bitcoin and many altcoins experienced another volatile week as January nears its close, with BTC dropping to its lowest level in over two months.
Last week, Bitcoin attempted to break the $90,000–$91,000 resistance but failed, trading around $89,000 over the weekend. Geopolitical developments, including a new tariff threat from former President Trump against Canada, pushed BTC down to $86,000 on Sunday and Monday. Bulls briefly pushed it back above $90,000 midweek.
The U.S. Federal Reserve paused interest rate cuts at 3.25%–3.50%, which initially had little effect. However, renewed geopolitical tensions, including threats toward Iran and U.S. carrier movements, contributed to BTC’s decline. By Thursday, Bitcoin fell below $86,000 and later dropped to $81,000, its lowest in over two months. It has since rebounded slightly to around $83,000, leaving it down more than 7% for the week. Other major altcoins including ETH, XRP, SOL, DOGE, ADA, and BCH also posted losses, while tokens like HYPE and CC saw double-digit gains.
Market Data:
Market Cap: $2.9T | 24H Vol: $214B | BTC Dominance: 57%
BTC: $82,700 (-7.2%) | ETH: $2,730 (-6.2%) | XRP: $1.76 (-7.3%)
