Bitcoin Nears Yearly Low Amid Fresh Selloff
Bitcoin (BTC) experienced another weekend downturn, sliding to $80,000 on Sunday as selling pressure continued to mount. The leading cryptocurrency is now edging closer to its 2025 low of $78,000, prompting concerns about further declines. At around 7:00 pm ET, Bitcoin had lost 7% in the past 24 hours, though it managed a slight recovery to $80,700.
Broader Crypto Market Feels the Impact
Other major cryptocurrencies suffered similar declines. Ethereum (ETH), Solana (SOL), and XRP (XRP) saw significant losses, while Cardano (ADA) and Dogecoin (DOGE) were hit the hardest, shedding nearly 12%. Analysts suggest that investors are turning away from volatile assets in response to economic uncertainties.
Macroeconomic Concerns Add to Market Volatility
Economic concerns were further highlighted by Donald Trump’s comments in a Fox News interview. The former president acknowledged that his policies could create “a little disruption” but maintained they were necessary for long-term growth. His remarks were reminiscent of Paul Volcker’s aggressive anti-inflation measures, which caused short-term pain but eventually helped the economy stabilize. Meanwhile, U.S. stock index futures reflected bearish sentiment, trading about 0.85% lower.
relevant news: HERE
