Bitcoin dips below $79,000 as market digests silver sell-off, Trump's Fed chair pick
Published Sat, Jan 31 2026 2:59 PM EST
Updated 2 Hours Ago
KEY POINTS
Cryptocurrencies sank on Saturday, with bitcoin falling below $79,000.
The slide follows the recent strength in the U.S. dollar following President Donald Trump's selection of Kevin Warsh as his choice for the next Federal Reserve chairman.
Retail investors have also been buffeted by the sharp selloff in silver on Friday, the worst day for the market since March 1980.
Bitcoin, Ethereum, and Solana slumped as retail traders digested a busy market week that saw wild swings in commodities and a long-awaited announcement by President Donald Trump on his choice for the next Federal Reserve chairman.
In late trading Saturday, bitcoin, the world's largest cryptocurrency by market value, sank below $79,000, down 6.1%. Ethereum slid about 9% to $2,445.31, while Solana lost 9.9% at $105.50.
#USGovShutdown #WhoIsNextFedChair #MarketCorrection #PreciousMetalsTurbulence #BitcoinETFWatch
Published Sat, Jan 31 2026 2:59 PM EST
Updated 2 Hours Ago
KEY POINTS
Cryptocurrencies sank on Saturday, with bitcoin falling below $79,000.
The slide follows the recent strength in the U.S. dollar following President Donald Trump's selection of Kevin Warsh as his choice for the next Federal Reserve chairman.
Retail investors have also been buffeted by the sharp selloff in silver on Friday, the worst day for the market since March 1980.
Bitcoin, Ethereum, and Solana slumped as retail traders digested a busy market week that saw wild swings in commodities and a long-awaited announcement by President Donald Trump on his choice for the next Federal Reserve chairman.
In late trading Saturday, bitcoin, the world's largest cryptocurrency by market value, sank below $79,000, down 6.1%. Ethereum slid about 9% to $2,445.31, while Solana lost 9.9% at $105.50.
#USGovShutdown #WhoIsNextFedChair #MarketCorrection #PreciousMetalsTurbulence #BitcoinETFWatch