Bitcoin is experiencing a downturn, trading around $84,000, after hitting an intraday low of $83,383 on January 29, 2026. This represents a 6.4% decline, marking its lowest level in over two months. Analysts attribute this drop to several factors, including:

- *Massive ETF Outflows*: Over $1.1 billion in weekly outflows, with Fidelity, Grayscale, and BlackRock leading the exits.

- *Capital Rotation*: Investors are shifting to precious metals like gold and silver, which have surged 30% and 65% respectively.

- *Rare Earth Tariff Tensions*: US tariff announcements are spiking volatility.

- *Fed Uncertainty*: Rate cuts are unlikely until late 2026, according to Fed Chair Jerome Powell.

Some analysts predict Bitcoin could drop to $70,000 if support fails, while others see a potential rebound if it holds above $84,000 $BNB $BTC $ETH