Global cryptocurrency enthusiasts have been shocked by Bitcoins drop in value.
According to statistics, Bitcoin slid below $80,000 on Saturday and this is the lowest level since April 2025.
The drop is attributed to thin liquidity and limited buying interest, deepening a drawdown that has erased more than 30% from the world’s largest cryptocurrency.
Bitcoin’s price may also be impacted by the rising tensions between Israel and Iran. Iran’s army chief renewed warnings that Tehran could strike Israel, just as Donald Trump threatens potential US military strikes against the Islamic Republic.
Bitcoin fell as much as 10% to $75,709.88 during New York afternoon trading hours, while other tokens posted steeper losses.
Ether, the second-largest digital asset, shed as much as 17%, and Solana at one point dropped over 17%.
The selloff knocked about $111 billion off the crypto market’s total value in the past 24 hours, according to CoinGecko data.
About $1.6 billion in short and long positions were liquidated in the same timeframe, according to market tracker Coinglass — much of which occurred in the last four hours, mainly around Bitcoin and Ethereum.
