Bitcoin drops as ETFs sell, gold and silver see correction
Last Updated on 31 January 2026 by CryptoTips.eu
The largest digital currency fell to $81,000 on Friday in a flash crash after it was revealed that ETFs were in a net selling position this week. While Wall Street easily lifted Bitcoin’s price to $100,000 after it received approval for the launch of Bitcoin ETFs in early 2025, those same ETFs (the largest are owned by Vanguard and BlackRock) are now responsible for the price drop in 2026.
As predicted at the beginning of 2025, “Boomers” (the generation more likely to buy a Bitcoin ETF than Bitcoin itself) are panicking about crypto’s volatility and want to cash in their profits before they evaporate. They are also increasingly betting on precious metals instead of digital currencies as investor sentiment shifts toward that market.
Stocks
The optimism of the past two years appears to have completely vanished for some crypto-related stocks listed on US exchanges after Bitcoin fell to $81,000 on Friday. Bitmine Technologies and Strategy (the largest corporate holders of Ethereum and Bitcoin, respectively) were the biggest victims of the devastation this week.
Gold and silver
However, the long-awaited correction for gold and silver seems to have also finally begun. As I said yesterday that a blow-off top was only a matter of time, that’s exactly what happened. Gold experienced its worst trading day in decades after investors took their profits.
