Bitcoin price approaches $80,000! Tech stocks plummet amid government shutdown fears, and market sentiment turns sharply negative

January 30 News, affected by the dual shocks of large-cap technology stock sell-offs and concerns over a US government shutdown, the Bitcoin and cryptocurrency markets have come under further pressure. Data shows that in the past 24 hours, Bitcoin’s price has fallen by over 6%, with market volatility significantly increasing. Meanwhile, long positions in derivatives were heavily liquidated, with forced liquidation amounts reaching as high as $1.6 billion, indicating that the previous rebound expectations have quickly shattered.

Matt Howells-Barby, Vice President of Growth at a CEX, pointed out in a report to investors that large technology companies are investing huge sums in artificial intelligence, but their profitability has not yet matched the scale of expenditure. This imbalance is shaking confidence in broader risk assets. He believes Bitcoin’s price may once again test the critical $80,000 region. On the same day, Microsoft’s market value evaporated by approximately $357 billion in a single day, marking the second-largest single-day market cap decline in stock market history, further intensifying market risk aversion.

Not only digital assets are under pressure, but precious metals are also retreating. Gold prices dropped nearly 3% within 24 hours, to about $5,177. Shares of crypto-related companies also came under pressure, with Strategy and BitMine both falling close to 10%, indicating that funds are withdrawing from high-risk assets.

Macroeconomic uncertainties have further amplified market tension. Negotiations over the funding bill in the US Senate have encountered variables, as Republican Senator Lindsey Graham demanded increased funding support for the Department of Homeland Security, leading to the final vote being postponed. Forecast market data shows that the probability of a US government shutdown before January 31 has risen to 61%. Last fall’s shutdown had long-term impacts on financial markets, and similar concerns are now resurfacing.

Currently, the overall market capitalization of cryptocurrencies remains below last October’s high point and has not yet regained momentum. Against the backdrop of turbulent tech stocks and uncertain policy prospects, risk assets may continue to experience intense volatility in the short term, and investors’ focus on key support levels will also continue to intensify.