"The bitcoin price fell below $80,000 over the weekend for the first time since April 2025, briefly plunging to lows near $75,000 amid cascading liquidations and a broader sell-off across global risk assets. As of early Monday, BTC was trading around $78,400, up about 1% on the day, according to Bitcoin Magazine data, after shedding roughly 12% over the past seven days."
"Market participants point to a convergence of macroeconomic stress, geopolitical risk and structural fragility in crypto markets as the primary drivers of the sell-off. Bitcoin's drop coincided with a sharp "risk-off" move across global markets. U.S. equities slid late last week, led by steep losses in technology stocks after Microsoft's earnings disappointed investors. That weakness spilled into European and Asian markets on Monday, while traditional safe havens also came under pressure."
Bitcoin stabilized slightly near $78,400 after falling below $80,000 and briefly touching about $75,000 amid cascading liquidations. The asset lost roughly 12% over seven days, erasing more than $200 billion and contributing to an $800 billion decline since the October peak above $126,000. Market stress stemmed from converging macroeconomic pressures, geopolitical risk and structural fragility in crypto markets. The sell-off coincided with a global risk-off move that hit U.S., European and Asian equities and pressured traditional safe havens. Thin weekend liquidity amplified swings, with Coinglass reporting more than $2 billion of BTC positions liquidated and $2.56 billion across cryptocurrencies on Saturday.
Read at Bitcoin Magazine
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