Jan. 29 at 8:55 PM
Bitcoin fell sharply Thursday, dropping nearly 6% to around
$83,850, extending losses across major cryptocurrencies as Ethereum and XRP also declined. The selloff came alongside weakness in U.S. equities, particularly tech stocks, suggesting crypto is trading more like a risk asset than a hedge.
While stocks slid, gold rallied again, highlighting a growing divergence as investors favored commodities and real assets amid geopolitical tensions and supply concerns. Market participants are now watching tech earnings and broader equity volatility for clues on whether digital assets will see renewed momentum.
$ETH.X
$XRP.X
$BTC.X
$COMP