Bitcoin Dips to $80K Amid Market Pressure
Bitcoin (BTC) faced another sharp downturn over the weekend, dropping to $80,000 on Sunday as bearish sentiment gripped the crypto market. This decline brings BTC dangerously close to its 2025 low of $78,000, raising concerns among traders. By 7:00 pm ET, Bitcoin had lost 7% of its value within 24 hours, briefly bouncing back to $80,700 but struggling to maintain upward momentum.
Other Cryptocurrencies Also Experience Losses
The broader crypto market also saw significant declines. Ethereum (ETH), Solana (SOL), and XRP (XRP) mirrored Bitcoin’s losses, while Cardano (ADA) and Dogecoin (DOGE) suffered even steeper drops of around 12%. Investors appeared to be moving away from riskier assets amid growing economic uncertainty, further fueling the selloff.
Macroeconomic Factors Weigh on Crypto Market
Adding to market anxiety, former U.S. President Donald Trump addressed economic concerns in a Fox News interview, acknowledging that his policies on tariffs and budget cuts could lead to “a little disruption.” His comments drew comparisons to Paul Volcker’s aggressive inflation-fighting measures in the 1980s, which triggered a recession but ultimately stabilized the U.S. economy. Meanwhile, U.S. stock index futures also reflected the negative sentiment, with major indices falling around 0.85%.
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