🚨Bitcoin (BTC-USD) tumbled to a new 2026 low below $85K on Thursday amid a broader market selloff across U.S. equities and metals.
The largest digital token by market cap (BTC-USD) dropped 4.8% in the last 24 hours to $84.8K apiece, marking its lowest level since mid-December.
The swing comes amid a sudden reversal across markets, with gold (XAUUSD:CUR) -4.8% and silver (XAGUSD:CUR) -6.3% prices snapping their recent massive rallies as of 11:07 a.m. ET. Reinforcing the broader risk-off mood, U.S. equities also weakened after big tech earnings failed to impress, with the tech-heavy Nasdaq off over 2% at press time.
Even with the intraday declines, precious metals continued to outpace bitcoin (BTC-USD) by a wide margin, as market participants sought perceived safe havens in the wake of high macro uncertainty.
Crypto-tied stocks also traded deep in the red, with Strategy (MSTR) diving 10%, Coinbase Global (COIN) -6.5%, Circle Internet Group (CRCL) -9.6%, MARA Holdings (MARA) -6.7%, Bakkt (BKKT) -5.8%, American Bitcoin (ABTC) -3.9%, Riot Platforms (RIOT) -8.4% and Hut 8 (HUT) -7.5%.
The iShares Bitcoin Trust (IBIT), the largest spot bitcoin (BTC-USD) exchange-traded fund, sank 5.3% on Thursday, leaving it down 3.4% so far this year.
Net outflows from such funds have cooled significantly from the prior week's spike, with total spot BTC ETF flows down to -$19.6M on Jan. 28 from as high as $708.7M on Jan. 21, according to data from SoSoValue.
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