Bitcoin Faces Downside Risk Below $70,000 as Multiple Selling Pressures Mount in January

Bitcoin encounters mounting selling pressure as January 2026 ends, including a $2. 24 billion drop in stablecoin market capitalization, a year-low Coinbase premium, and a sharp decline in mining hashrate due to a severe US ice storm. The combined impact of these factors has prompted veteran trader Peter Brandt to warn that Bitcoin could fall below $70,000 if these market pressures persist. Stablecoin Exodus Signals Capital Flight From Crypto The crypto market is facing a major liquidity drop, as the market cap of the top 12 stablecoins has fallen by $2 source: https://beincrypto.com/bitcoin-downside-risk-pressures-january/