Here’s Why The Bitcoin, Dogecoin, And XRP Price Are Crashing This Week

bitcoinistPublished on 2026-01-31Last updated on 2026-01-31

Abstract

Bitcoin, Dogecoin, and XRP prices have crashed this week, with Bitcoin hitting new 2026 lows below $82,000. The decline is attributed to several macroeconomic factors, including new Trump tariffs on countries like South Korea and Canada, which are creating market uncertainty and affecting dollar liquidity. JPMorgan analysts note that China is responding by selling U.S. treasuries and buying gold, weakening the U.S. dollar. However, Bitcoin is currently being treated as a risk asset rather than a dollar hedge, leading to its decline alongside other cryptocurrencies. Additionally, rising U.S.-Iran tensions and a hawkish Federal Reserve—which held rates and signaled no near-term cuts—are further constrained liquidity and fueled bearish sentiment.

The Bitcoin, Dogecoin, and XRP prices have crashed this week, recording massive declines, led by BTC, which dropped to new 2026 lows. This decline has been mainly due to macro fundamentals, including the Trump tariffs, which are causing market uncertainty.

Why The Bitcoin, Dogecoin, And XRP Prices Are Crashing

The Bitcoin, Dogecoin, and XRP prices are down this week and are now suffering year-to-date (YTD) losses, according to CoinMarketCap. BTC dropped below $82,000 yesterday, marking a new yearly low for the leading crypto. One reason for this decline remains the Trump tariffs, which have heightened market uncertainty.

Earlier this week, the U.S. president announced in a Truth Social post that he was increasing tariffs on South Korea from 15% to 25%. This came just days after he threatened to increase tariffs on Canada to 100% if they made a trade deal with China. It is worth noting that JPMorgan analysts, in a recent note, explained that the Trump tariffs, especially on China, are affecting dollar liquidity, which they indicated is already contributing to the decline in the prices of Bitcoin, Dogecoin, and XRP.

These analysts explained that China has had to adapt to the Trump tariff pressure and, in doing so, is adversely affecting the dollar liquidity cycle. Notably, China has been selling off U.S. treasuries and buying more gold. Amid this development, the U.S. dollar has weakened, which will typically be bullish for BTC.

However, these analysts stated that investors currently treat Bitcoin as a liquidity-sensitive risk asset rather than as a hedge against the USD weakness. Gold has instead taken the spotlight in this regard, reaching new highs as investors move to it as a safe haven. Notably, the Bitcoin, Dogecoin, and XRP prices also dropped yesterday as gold crashed over 6% amid a sudden sell-off.

Meanwhile, rising tensions between the U.S. and Iran are also contributing to the decline in the Bitcoin, Dogecoin, and XRP prices. Earlier this week, Trump threatened strikes on Iran that would be far worse than the strikes last year. According to a Reuters report, the U.S. president is already weighing options against Iran, which could include targeted strikes on security forces and leaders. Iran has also vowed to respond like never before if pushed by the U.S.

A Hawkish Fed Is Also Sparking Bearish Sentiment

The Fed also appears to be hawkish at the moment, which has sparked a bearish sentiment and contributed to the decline in Bitcoin, Dogecoin, and XRP prices. The Fed held interest rates at the FOMC meeting earlier this week, while signaling that they are in no hurry to make more rate cuts. This could mark the beginning of a rate-pause cycle, which could further constrain liquidity.

Concerns about the Fed’s hawkish pivot have also worsened following reports that former Fed Governor Kevin Warsh is likely to become the next Fed Chair. Warsh is regarded as one of the more hawkish candidates for Fed chair, as he has advocated for a smaller Federal Reserve balance sheet. It also remains unclear where he stands on rate cuts, unlike the other candidates, who have declared support for lower interest rates.

BTC trading at $82,465 on the 1D chart | Source: BTCUSDT on Tradingview.com

Why Cardano could crash 25% if ADA loses THIS support

Cardano (ADA) is trading near a critical support level at $0.3251, having declined 7.70% in 24 hours. A break below $0.315 could trigger a further 25% drop toward $0.2329. Despite the bearish trend, trading volume surged 72% to $831 million, indicating active market participation. On-chain data reveals strong accumulation by large holders, with whales adding 454.7 million ADA worth $161 million over two weeks. Meanwhile, retail investors have been selling. Technical indicators show a strong downtrend but also suggest ADA is nearing oversold conditions, which may lead to a short-term bounce if buying pressure increases. Derivatives activity shows significant leveraged positions around key levels, reflecting trend-driven trader sentiment.

ambcrypto3m ago

Why Cardano could crash 25% if ADA loses THIS support

ambcrypto3m ago

USD1 Hits $5 Billion Market Cap As Trump Hails ‘Built In America’ Stablecoin

USD1, a stablecoin issued by World Liberty Financial, has surpassed a $5 billion market cap, becoming one of the largest dollar-pegged tokens. It maintained its $1 peg despite increased market interest, aided by new exchange listings and incentives. The milestone was celebrated by the Trump family on social media, boosting mainstream attention. Growth was driven by improved liquidity, institutional adoption, and large fund movements. However, questions remain about reserve transparency and regulatory compliance, with the issuer seeking a U.S. banking charter. Notably, while USD1 thrived, other related speculative tokens fell sharply, highlighting a market shift toward stability over volatility.

bitcoinist3m ago

USD1 Hits $5 Billion Market Cap As Trump Hails ‘Built In America’ Stablecoin

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Where Did XRP Come From? Former Ripple Exec Drops Bombshell Story

Former Ripple executive David Schwartz recently participated in a public Q&A on X, revealing key historical insights about XRP and Ripple company origins. He attributed the term "drop" for XRP's smallest unit to Arthur Britto, a primary architect of the XRP Ledger, whom he praised for possessing rare and exceptional intelligence. Schwartz clarified that Ripple’s name and its association with the Grateful Dead song were coincidental, stemming from the acquisition of the ripple.com domain from a fan. He highlighted Britto’s foundational contributions, including the built-in decentralized exchange and pathfinding for multi-source payments on the XRP Ledger. When pressed about XRP’s price potential, Schwartz declined to dismiss the possibility of high values like $50 or $100, recalling his past underestimation of crypto price surges.

bitcoinist32m ago

Where Did XRP Come From? Former Ripple Exec Drops Bombshell Story

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XRPL prepares for ‘institutional DeFi’ – Will it boost XRP price?

Key stakeholders in the XRPL ecosystem are pushing for institutional DeFi adoption, with the upcoming 'XRP Lending Protocol' (XLS-66) seen as a critical upgrade. Evernorth, a major XRP treasury firm, announced it will make this protocol its core strategy, believing it could unlock a multi-billion-dollar annual yield opportunity and fundamentally shift institutional on-chain liquidity. Currently, the XRPL DeFi ecosystem lags behind rivals like BNB Chain and Solana, with its TVL dropping to $100 million, compared to their billions. However, Ripple’s stablecoin RLUSD has grown rapidly, surpassing $1 billion in supply. Market signals are mixed: 42 wallets holding over 1 million XRP have resumed accumulation for the first time since September, indicating long-term confidence. Yet, large holders remain net sellers overall, though selling pressure has slightly eased. XRP price consolidated around $1.7, awaiting broader market direction.

ambcrypto34m ago

XRPL prepares for ‘institutional DeFi’ – Will it boost XRP price?

ambcrypto34m ago

Weekly Editor's Picks (0124-0130)

Weekly Editor's Picks (0124-0130) by Odaily Planet Daily features in-depth articles from the past week. Key topics include: - **Investing & Startups**: Analysis suggests the silver rally, driven by capital flight, monetary devaluation, and industrial demand, may continue. Silver is seen as having a "Bitcoin moment," transitioning from "poor man's gold" to an industrial necessity. Concerns about a potential COMEX silver delivery failure by March 2026 are highlighted. The tokenization logic of gold (e.g., XAUt) and on-chain silver trading on platforms like Hyperliquid are also discussed. - **Policy & Stablecoins**: The real competition in stablecoin issuance lies in compliance, liquidity, redemption efficiency, and bundled services, not just the technical ability to create a token. - **Ethereum & Scaling**: In an interview, Vitalik Buterin expressed concern about the gap between Ethereum's technical capabilities and its original purpose of building decentralized applications (DeSoc, smarter DAOs). He noted that SocialFi faces structural issues where financial incentives can overwhelm social ones. - **CeFi & DeFi**: A report on on-chain stock perpetual contracts details their mechanisms to handle unique market structures and their role in merging traditional finance with crypto. The Trump family's crypto ventures, which added $1.4 billion to their wealth, are also examined. - **Web3 & AI**: A contrarian view bets against AI's success, arguing that excess production could threaten established power structures, making hard assets a better investment. - **Weekly Recap**: Key events include Bitcoin's drop to ~$81,200, Trump's potential Fed chair nomination, and the US establishing clearer crypto regulations. Gold approached $5,600 and silver hit a record high of $117/oz.

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