Polymarket odds for "Bitcoin to fall to $85,000 in January" dropped to 30% on January 27, according to BlockBeats. Bitcoin traded back above $88,000, last quoted at $88,609. On Polymarket, odds of a drop to $80,000 stand at 4%, while the probability of a rally to $100,000 is 2%.

Bitcoin, Ethereum and SOL recovered to price levels seen before the sharp drop on the morning of January 26 after the US stock market opened, BlockBeats reported citing HTX market data. Bitcoin is up 1.25% and trading at $88,770, Ethereum has gained 2% to $2,944, and SOL has risen 1.75% to $125.

The Block reported that winter storm Fernan across much of the United States prompted miners to cut power to ease grid stress, sending a significant portion of network hashrate offline. Foundry USA, largest by hashrate, cut connected computing power about 60% from roughly 328 EH/s to 139 EH/s since Friday; it accounts for about 23% of global pool hashrate. An estimated 200 EH/s of capacity is offline across the network, pushing average Bitcoin block times above the 10-minute protocol target to around 12.4 minutes. The next difficulty adjustment is expected to decrease by about 15%, and U.S.-focused pools Luxor, Antpool and Binance Pool also saw hashrate declines suggesting total reductions may exceed 110 EH/s.

Strategy purchased 2,932 Bitcoin between January 20 and January 25 for a total consideration of about $264.1M, with an average purchase price of roughly $90,061 per BTC, according to its official announcement on January 26. As of January 25, 2026, the company holds 712,647 BTC in total, with an aggregate acquisition cost of approximately $54.19B and an average cost basis of about $76,037 per BTC.