The cryptocurrency market took a heavy hit on Jan. 31, with Bitcoin (BTC) tumbling below $80,000. At press time, King Crypto fell by 7% in 24 hours to trade at $77,934.46. This is the lowest it has dropped to since April 2025, when a selloff happened right after U.S. President Donald Trump’s “Liberation Day” tariffs. The wider market mirrored Bitcoin’s slump. The total cryptocurrency market capitalization dropped more than 7.9% in the same period to $2.7 trillion. Traders rushed to exit amid the cascade of losses. According to CoinGlass, nearly $2.51 billion in crypto positions were liquidated in 24 hours — including ... (full story)