The post Bitcoin crashes to $77,000, sees 10th largest single-day liquidation in history appeared on BitcoinEthereumNews.com.

Bitcoin has plunged below $78,000, with Ethereum falling under $2,400, as over $1.4 billion in leveraged long positions were liquidated in a matter of hours. More than $100 billion in total market cap has vanished in just 5 hours. The selloff comes as traders keep an eye on the $80K–$82K BTC zone, which had previously drawn demand. If weekend selling holds up, that range might not hold. The drop follows reports of an explosion at Iran’s Bandar Abbas port, a major shipping hub that handles about 20% of global seaborne oil through the Strait of Hormuz. Though Iranian officials said the cause is still under investigation, the blast has shaken global markets, especially given the already heightened tensions between Tehran and Washington. This latest dip also highlights Bitcoin’s recent failure to react to favorable macro trends. Despite a weaker US dollar through January and record gold prices, Bitcoin showed no strength. Even after Friday’s sharp reversal in gold and silver, there’s been no sign of inflows into crypto. The delay in new US crypto-market rules is also weighing on confidence. Source: https://www.cryptopolitan.com/bitcoin-crashes-to-77000-ether-drops-to-2400/

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Filed under: News - @ January 31, 2026 7:28 pm