The post Bitcoin Slips Below $83K as Fed Succession Fears Hit Crypto at Full Speed appeared on BitcoinEthereumNews.com.

Bitcoin has slipped below $83K and briefly tapped a low of $81K, cutting through crucial intra day support around $85K. This has plunged sentiment to extreme fear levels not seen in weeks. Yesterday and today’s drop in Bitcoin wasn’t driven by the Fed’s decision to pause interest rate cuts (which was already largely priced in) but by a convergence of bearish macro headwinds weighing on risk assets.  Bitcoin Spot ETF outflows have intensified downside pressure, but macro uncertainties seem to be the dominant catalyst. Rising US-Iran tensions, growing expectations of another US government shutdown and the official selection of former Federal Reserve Governor Kevin Warsh as Trump’s choice to succeed Jerome Powell unsettled markets. Warsh is viewed as the least dovish candidate, who has called for a regime change with a tighter U.S. monetary policy, which spooked assets including crypto.  Bitcoin’s Drop Was Fast But The Liquidations Were Faster  Within the span of 12 hours yesterday and today, Bitcoin retraced by around 8%. The macro fears triggered a cascade of long liquidations during this period and over the past 24 hours over $790 million worth of BTC positions were wiped out with $752 million accounting for longs.  The concentration and velocity of these liquidations suggest forced selling dominated price action, rather than a broad-based loss of conviction. That said, downside momentum, particularly a break below key psychological levels like $80K and the lower band of Bitcoin’s multi-month parallel channel, could tilt this dynamic and invite more discretionary selling.  Why $85K Mattered More Than Traders Admitted  Apart from being another round number, the $85K mark stood as a solid support zone for Bitcoin since November. Multiple pullbacks during this period found buyers in this region, showing that it acted as a structural floor.   Once that level was breached, prices quickly moved…

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Filed under: News - @ January 30, 2026 5:30 pm