Bitcoin falls below $80,000, hitting the lowest level since April 2025.

Earlier in New York, Bitcoin saw a sharp decline, falling below the $80,000 mark to its lowest level since April 2025. This drop occurred in a scenario of limited liquidity and interest in purchases, further deepening the decline of the world's largest cryptocurrency by over 30%. During the Saturday trading session in New York, Bitcoin fell by 7.1% at one point, reaching $78,159.41, while other tokens experienced even larger drops. The second-largest digital asset, Ethereum, dropped by over 10%, and Solana by over 11%. According to CoinGecko's data, the sell-off in the past 24 hours caused the total market value of the cryptocurrency market to evaporate by about $111 billion. This recent decline has exacerbated the macro disappointment with Bitcoin in recent weeks. Previously, Bitcoin failed to react to a series of market dynamics that should have supported the asset. While the dollar weakened for most of January, this trend did not boost sentiment in the cryptocurrency market. Similarly, despite the price of gold soaring to historic highs, Bitcoin did not show any substantial reaction. After a significant drop in gold and silver prices on Friday, Bitcoin also failed to attract inflow of funds.