Finance
Bitcoin falls below $80,000, continuing decline
Published by Global Banking and Finance Review
Posted on January 31, 2026
1 min readLast updated: January 31, 2026
Quick Summary
Bitcoin's price falls below $80,000, influenced by Federal Reserve leadership changes. The market reacts to Kevin Warsh's appointment as Fed chair.
Bitcoin falls below $80,000, continuing decline
Bitcoin's Recent Price Movements
Jan 31 (Reuters) - Bitcoin, the world's largest cryptocurrency by market value, was down by 6.53% at $78,719.63 at 1748 GMT on Saturday.
Impact of Federal Reserve Leadership
On Friday, bitcoin fell to as low as $81,104, the lowest since November 21, after former Federal Reserve Governor Kevin Warsh was selected as the next Fed chair.
Market Reactions and Future Outlook
(Reporting by Anusha Shah in Bengaluru)
Key Takeaways
- •Bitcoin's price drops below $80,000.
- •Market reacts to Federal Reserve leadership change.
- •Bitcoin hits lowest value since November 21.
- •Kevin Warsh's appointment impacts cryptocurrency market.
- •Future outlook remains uncertain amid volatility.
Frequently Asked Questions about Bitcoin falls below $80,000, continuing decline
1What is Bitcoin?
Bitcoin is a decentralized digital currency that allows for peer-to-peer transactions over the internet without the need for intermediaries like banks.
2What is the Federal Reserve?
The Federal Reserve, often referred to as the Fed, is the central bank of the United States, responsible for implementing monetary policy and regulating financial institutions.
3What is a cryptocurrency?
A cryptocurrency is a digital or virtual currency that uses cryptography for security and operates on a technology called blockchain.
