Bitcoin has dropped below $80,000, reaching its lowest point since November 2024. The broader crypto market has also experienced a significant downturn, erasing gains made after Donald Trump's election victory. Bitcoin fell by over 8% in the last 24 hours, briefly touching $78,790 before recovering to $79,200. Ethereum and other altcoins have also suffered losses. The market-wide unrealized losses have exceeded $1 trillion in the past month, causing widespread liquidations in leveraged positions. Market analysts attribute the downturn to factors such as uncertainty over Trump's tariff policies, weakened investor confidence, and large outflows from Bitcoin spot ETFs. Despite the volatility, crypto enthusiasts argue that market corrections are typical and often followed by price explosions.



Other News from Today