Bitcoin falls below $80,000, continuing decline

Bitcoin, the world's largest cryptocurrency by market value, was down by 6.53 per cent at $78,719.63 at 12:48 p.m. ET (1748 GMT) on Saturday, continuing its decline from the previous session. On Friday, bitcoin fell to as low as $81,104, the lowest since November 21, while the U.S. dollar gained after former Federal Reserve Governor Kevin Warsh was selected ...

Bitcoin fell more than 7% over the weekend, sliding below $80,000 for the first time since April 2025 as thin liquidity amplified selling pressure. The move triggered roughly $800 million in liquidations and pushed the market toward levels not seen since last spring. By Saturday, bitcoin was trading near $77,800 after briefly dipping below $76,000, ...

The cryptocurrency market began crashing on Friday as President Donald Trump announced he would be nominating Kevin Warsh as the new Federal Reserve Governor. The hawkish pick could mean more interest rate cuts, and Bitcoin fell more than 6% as a result. While internet rate cuts can be good for the market in the short term, multiple cuts during a time of ...