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Bitcoin has reduced its recorded losses during trading on Monday, turning to rise from its lowest levels in ten months, following a strong selling wave witnessed in the cryptocurrency market over the weekend, amid widespread fluctuations in global markets, especially in gold and silver markets.

The largest cryptocurrency by market capitalization in the world increased by 1.06% to record $77,849, after it had previously dropped during the session to $74,541, which is its lowest level since April 7, 2025.

Other cryptocurrencies also witnessed a relative improvement in performance, as Ethereum significantly reduced its losses, decreasing by 0.57% to $2306.9,

and the price of Ripple rose by 3.49% to $1.6437, while Dogecoin increased by about 2.25% to record 10.59 cents.

This limited rise comes after Bitcoin lost about 11% of its value during January of last month, marking its fourth consecutive monthly decline, in the longest monthly losing streak the largest cryptocurrency has seen since 2018, reflecting the continued pressures on high-risk assets.

Bitcoin dropped below the $80,000 level over the weekend after the announcement of Kevin Warsh's appointment as Federal Reserve Chair, triggering a wide sell-off and the liquidation of around 2.5 billion dollars in leveraged positions in cryptocurrency markets, according to analyses by QCP Asia.

The company noted that Bitcoin temporarily fell to a mid-cycle support zone after breaking key technical levels, while Ethereum dropped to lower levels. The impact of the announcement extended to traditional markets, where stocks saw a decline, and gold and silver dropped from their highs, as investors reassessed potential monetary policy directions under Warsh's leadership.

High margin requirements in the futures markets contributed to the acceleration of the liquidation of leveraged positions, while Bitcoin later stabilized above a level representing a mid-cycle low, with markets continuing to hedge against any future declines.

QCP Asia analysts warned that the market remains susceptible to risks, as momentum indicators suggest a downward trend, while any recovery above the previous resistance could reduce volatility and stabilize sentiment.

The selection of Waller for the presidency of the Federal Reserve has sparked a risk-averse movement across markets.

The aversion to risk extended beyond the cryptocurrency market following the announcement of Waller's appointment.

Stocks weakened and traditional safe havens like gold and silver widened their declines from recent highs, as traders reassessed the potential path of policy under Waller’s leadership at the Federal Reserve.

Markets began to price in a higher likelihood of policy normalization occurring earlier or under more stringent conditions, which weighed on non-yielding assets.

Higher margin requirements in the futures markets have accelerated the unwinding of leveraged positions, according to QCP.

Bitcoin has since stabilized above the $74,500 level, an area consistent with the cycle lows seen in 2025. Options markets still reflect caution, as positioning remains tilted towards protection from declines, although demand for bearish hedging has decreased compared to previous pressure episodes.

Bitcoin fell below the closely monitored $80,000 level over the weekend after markets digested the confirmation of Kevin Warsh's appointment as the next Federal Reserve Chair, triggering a wave of leveraged liquidations across the cryptocurrency markets, according to QCP Asia analysts.

In a market note released on Monday, QCP stated that Bitcoin briefly dropped to around $74,500 after breaking a key technical support level, while Ether fell below $2,170.

This decline led to the liquidation of over $2.5 billion in leveraged long positions, increasing downward pressure at a time when sentiment was already fragile due to ongoing outflows from U.S. spot Bitcoin funds.

The recent Bitcoin decline may create a rare long-term entry point, as Bernstein argues that the current drop could be "the last opportunity before Bitcoin ascends as a sovereign asset".

The company's analyst Gautam Chughani stated that the past two years have witnessed an institutional phase for digital assets, driven by the rapid rise of Bitcoin exchange-traded funds (ETFs) and increasing demand from corporate treasuries.

Bitcoin ETFs reached $165 billion in assets in just 21 months - the fastest growth in ETF history - while Strategy alone purchased over $48 billion in Bitcoin over the past two years.

However, despite that structural demand, Bitcoin lagged behind gold over the past year, raising doubts about the "digital gold" narrative. Chughani noted that Bitcoin's market value has dropped to about 4% of gold's value, near the low end of its historical range, as central banks sharply increased gold purchases, especially in China and India.

John Glover, chief investment officer at Leiden, argued that a sense of panic entered the Bitcoin market last week when the price of the currency fell below $84,000. Glover pointed out that the market has not closed below this price since April 2025.

However, from an Elliott wave perspective, the market is behaving as expected.

Glover said, "We are still in the fourth wave and looking for its completion somewhere between $71,000 and $84,000." He added, "We are looking for Bitcoin accumulation between these prices after closing long positions at $117,000 once the third wave peak forms at $124,000."

Moreover, Glover does not see the start of the fifth wave until the second quarter of this year. Once it begins, his target will be between $140,000 and $165,000, he said.

Glover stated, "I will be able to narrow this range once I know where the fourth wave completes. This count will be proven wrong if we close below $67,000 this year."

The cryptocurrency market recorded a decline today once again. The week started with a decrease of 2.9% over the last 24 hours, dropping to $2.65 trillion.

Moreover, 91 of the top 100 cryptocurrencies experienced a decline in their prices during this period. The total trading volume of cryptocurrencies is $199 billion, a level similar to what was seen in previous days.

Winning and Losing Coins
The week, and the month in fact, started in the red. On Monday morning (UTC), all of the top ten cryptocurrencies by market capitalization saw a decrease in their prices.

The price of Bitcoin (BTC) fell by 2.1%, currently trading at $76,472.

Bitcoin (BTC)24h7d30d1yAll timeThe price of Ethereum (ETH) decreased by 7.2%, trading at $2,225. This is the second largest drop in the category.

The decline of 7.7% comes from staked Ethereum from Lido (STETH), which currently stands at $2,224.

Following this is XRP with a decrease of 4.3%, now trading at $1.58.

Bitcoin is trading below the average purchase cost of Bitcoin exchange-traded funds in the United States after these products recorded the second and third largest weekly withdrawals ever last month, according to research conducted by Alex Thorn, head of research at Galaxy.

According to BiTBO data, Bitcoin exchange-traded funds in the United States now manage about $113 billion in assets and collectively hold about 1.28 million Bitcoins.

This puts the average purchase price of the Bitcoin held in the funds at around $87,830 per coin, which is significantly higher than current market levels.

Bitcoin has fallen to a nine-month low, leaving fund buyers in a loss position.

The value of stolen cryptocurrencies through exploitation and fraud rose to $370.3 million in January 2026, marking the highest monthly total in 11 months and a sharp increase compared to the same period last year, according to data from blockchain security firm CertiK.

CertiK reported that despite recording at least 40 hacking and fraud incidents during the month, the bulk of the losses stemmed from a single case.

According to reports, one victim lost around $284 million in a widespread social engineering attack, highlighting how individual cases can significantly impact monthly figures.

Phishing attacks caused losses of $311 million as cryptocurrency theft surged in January.

Phishing was the primary cause overall, resulting in the theft of $311.3 million from the total.

The sharp drop in the price of Bitcoin below the $75,000 level has highlighted the stock of Strategy (MSTR), after these declines pushed the company's holdings in the digital currency to unrealized losses estimated at around $900 million, intensifying the debate about the stock's next path.

The Strategy stock has recorded a decline of nearly 61% over the past six months, trading close to $149.71 at the time of writing, amid ongoing selling pressure and fluctuating investor sentiment. Despite limited rebound attempts, the stock still reflects a fragility of confidence after a long period of losses.

According to Lookonchain data, Strategy holds approximately 712,647 Bitcoin at an average purchase price of around $76,038, placing its investments below the breakeven point following the recent market drop. Although these losses are not actually realized, they represent a major pressure factor on the stock due to the close correlation between its performance and Bitcoin movements.

The cryptocurrency market recorded massive losses of about $370.3 million in January 2026, the highest monthly figure in 11 months, according to cybersecurity firm CertiK.

The company explained that the majority of the amount was stolen by a single victim due to a social engineering scam worth $284 million, while phishing attacks accounted for $311.3 million of the total losses.

This figure represents the largest monthly loss for cryptocurrencies since February 2025, when attackers stole about $1.5 billion, mostly as a result of the Bybit trading platform breach. The report also indicates a 277% increase compared to January 2025 and a 214% increase compared to December 2025.

Cybersecurity company PeckShield reported that the largest breach this month targeted the Step Finance platform, where attackers stole $28.9 million from the platform’s wallets, including over 261,000 Solana (SOL) coins.

Cryptocurrency prices recorded a collective decline during trading on Monday, continuing the wave of selling that dominated the market over the weekend, amid widespread turmoil in global markets, especially after the sharp fluctuations witnessed in gold and silver markets, which prompted investors to reduce their exposure to high-risk assets.

Bitcoin fell by 2.14% to register $75,380, having touched $74,541 earlier in the session, which is its lowest level since April 7, 2025, before trimming some of its losses.

Selling pressures extended to other major cryptocurrencies, with Ethereum dropping by 5.59% to trade at $2,188.69, while Ripple fell by 2.42% to record $1.55, and Dogecoin declined by about 2.56% to 10.1 cents, amid a cautious atmosphere prevailing among investors.

This weak performance comes after the largest cryptocurrencies by market capitalization lost about 11% of their value during January, marking their fourth consecutive monthly loss, in the longest series of monthly declines the currency has seen since 2018.

Ethereum traded within the pair $ at a price of 2,195.61 at 06:22 (03:22 GMT) on the Investing.com Index during Monday, dropping 10.22% on a daily basis. It recorded the highest decline percentage since.

Additionally, the downward movement caused the market value of Ethereum to decrease to $268.80B, or 10.51% of the total market value of the cryptocurrency market. The highest market values for Ethereum reached $583.89B.

Ethereum traded within a range between $2,195.61 and $2,322.01 during the last twenty-four hours.

Over the past seven days, Ethereum has been observed declining in terms of values, with a loss percentage. The trading volume of Ethereum in the last twenty-four hours, as of the writing of this report, within the pair $ was 42.72B or 29.47% of the total volume of all digital currencies. It traded within a range from $2,195.6104 to $3,044.2368 during the last seven days.

$ALGO
Algorand is a pure proof-of-stake blockchain that is open to the public, ensuring full participation, security, and speed within a truly decentralized network.

Algorand aims to remove the technical barriers that have hindered the adoption of mainstream blockchain: decentralization, scalability, and security.

Algorand was built by a team with deep roots in academic theory and science, led by Silvio Micali, a Turing Award winner, who has dedicated his career to pioneering research in the field of digital currencies.

$TAO
Bittensor is an automated P2P learning protocol that incentivizes participants to train and run machine learning models in a distributed manner.

$ASTER
Aster is a new generation decentralized platform that allows for instant trading and perpetual contracts, designed to be a comprehensive on-chain platform serving global traders in the cryptocurrency market.

$MORPHO
Morpho is an open lending network that connects lenders and borrowers with the best available opportunities globally.

It is adopted by companies to operate lending and borrowing products on a large scale, including loans secured by cryptocurrencies and yield products.

$OG
The OG (OG) fan code is a special service code that grants fans of the OG Esports team ("OG") a tokenized share of influence over team decisions using the Socios app and services.

Socios is a blockchain-based fan engagement and rewards platform for entertainment and sports organizations, powered by Chiliz.

The White House is set to hold a meeting today, Monday, at the expert level between cryptocurrency companies and banks, aimed at facilitating the discussion about stablecoin yields, according to journalist Eleanor Terrett.

The issue of stablecoin yields has become a major point of contention between the two sectors and poses a critical obstacle to the passage of the proposed digital currency market restructuring bill currently on the table.

Banks are pushing for a ban on these yields, arguing that they could lead to withdrawals from traditional accounts, which may affect the stability of the financial system.

Standard Chartered Bank expects potential outflows of $500 billion from developed countries and $1 trillion from emerging markets by 2028 if yield provisions remain unregulated.

For their part, cryptocurrency companies view these restrictions as an attempt to curb legitimate competition and provide examples of the importance of yields in attracting investors and enhancing the use of stablecoins.

However, not all parties in the sector agree with this view. Tether has expressed support for the U.S. bill that includes a ban on stablecoin yields, as reported by Brogan Lo last week.

Light support for Bitcoin emerges with Binance, Saylor, and whales stacking

The fund is continuously monitored under the SAFU framework. If Bitcoin price declines cause its value to drop below predefined levels, Binance will have to replenish it. This can serve as a soft line of defense during periods of extreme volatility.

On-chain signals suggest that Binance may be preparing for further accumulation. Earlier today, the SAFU wallet began executing delegation transactions to add new recipient addresses to its whitelist.

This move is typically associated with operational readiness to transfer additional assets.

This purchase also comes amid renewed indicators of confidence from other large Bitcoin holders. The day before, the CEO of MicroStrategy, Michael Saylor, posted a message on platform X (Twitter) titled "More Orange", which was widely interpreted as a signal that a new Bitcoin purchase may be imminent.

This post came despite MicroStrategy's shares sharply declining in recent sessions and Bitcoin briefly dropping close to the company's average purchase price.

Together, these moves reinforce the narrative that large liquidity investors are attempting to stabilize the market organically rather than through coordinated efforts.