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Top Cryptocurrencies Fall; Bitcoin Hovers Above $83,000

MT Newswires Live01-31

Top cryptocurrencies fell Friday, with Bitcoin (BTC-USD) holding above $83,000.

The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell 0.6% in the past 24 hours. The Nasdaq 100 dropped 1.3% in late trading, while the S&P 500 fell 0.3%, and the Dow Jones Industrial Average decreased 0.3%.

Bitcoin fell $0.3% to $83,636, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 19.9% to $73.53 billion.

Ethereum (ETH-USD), the second-largest digital asset by market value, eased 4.4% to $2,673.

XRP (XRP-USD) dipped 3.5%, BNB (BNB-USD) fell 1.6%, and Solana (SOL-USD) fell 0.1%. Dogecoin (DOGE-USD) dropped 0.1%, while Cardano (ADA-USD) shed 2.6%.

The US 10-year Treasury yield stood at 4.239% at 3 p.m. ET Friday, up from 4.225% Thursday, while the five-year yield fell to 3.795% from 3.804%.

The total market value of the cryptocurrency industry fell 0.7% in the past 24 hours to $2.84 trillion, with trading volume falling 1% to almost $175.1 billion.

Price: 83925.19, Change: -628.50, Percent Change: -0.74

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Comment1

  • Crypto's have entered into a confirmed bear trend.  Where Silver and Gold's fall can be attributed to a correction due to prices running up too high in such a short time, Crypto's, particularly Bitcoin, have been "correcting" since October 2025. A movement down for so long, even with a very short bounce last week, can only be seen as a safety flight out of Cryptocurrency.  I read someone calling the downward movement to last until October 2026. But I am not sure about this. If it continues to fall like this for another month, nevermind until October, Bitcoin will be down below 50% from it's high. That may mean it will never come back.
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    • bumpy
      Wah, crypto downtrend so scary. Hope Bitcoin doesn't crash more lah. [流泪]
      02-02 10:31
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    • Guavaxf3006
      The plunge got worst over the weekend. But let’s see if Michael Saylor will organise another attempt to hold up price like he did for MSTR last Friday. This will really tell if he has any more cash left.
      02-01 07:51
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