$BTC slides after gold and stock markets turn red

Bitcoin dropped 3.5% on January 29, falling from $88,000 to $85,000. The decline came after gold corrected from its record high of $5,600 per ounce to about $5,100.

Stock markets also showed weakness, as the S&P 500 fell 1.36% and the #NASDAQ lost 1.8% in 24 hours.

Following Bitcoin, the broader crypto market moved into the red, including all top-10 assets by market capitalization.

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BTC
BTC
78,541.8
-5.47%