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EnglishCryptocurrencies:
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Markets: 112792
Market Cap: $ 4 144 016 321 258 /
24h Vol: $ 196 655 936 213 /
BTC
Dominance: 58.512630380324%
News
Bitcoin’s First Drop Below $80K Since November 2024: Why a Market Turnaround Is High
- Bitcoin drops to $79,000, marking an 8.5% decline in 24 hours.
- Ethereum falls over 10%, mirroring Bitcoin’s sharp decline in the market.
- Extreme fear at 21 signals market low, hinting at potential recovery soon
The cryptocurrency market is seeing a major pullback today, with Bitcoin, the world’s largest cryptocurrency, falling below $80,000 for the first time since November 2024.
This marks a major decline, erasing nearly all the gains Bitcoin made after Pro-crypto President Donald Trump took office. Currently trading at about $79,000, Bitcoin is down 8.5% in the past 24 hours. Ethereum (ETH) has also taken a hit, dropping over 10% in the same period.
Several pieces of negative news have impacted the market, including the Bybit hack, which sent shockwaves through the crypto community. Additionally, broader market uncertainty, including geopolitical tensions and trade issues like the Trump administration’s reintroduction of tariffs on Canada and Mexico, have contributed to the market’s instability.
Market Sentiment and Potential Rebound
Matt Hougan, Chief Investment Officer at Bitwise Asset Management, discussed the current state of the Bitcoin ma…
The post Bitcoin’s First Drop Below $80K Since November 2024: Why a Market Turnaround Is High appeared first on Coin Edition.
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09.10.25 08:08
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09.10.25 08:08
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09.10.25 08:09
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09.10.25 08:09
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09.10.25 08:09
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09.10.25 08:09
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09.10.25 08:12
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09.10.25 08:18
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09.10.25 08:18
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09.10.25 08:22
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09.10.25 08:23
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09.10.25 08:23
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09.10.25 08:24
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09.10.25 08:28
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09.10.25 08:28
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09.10.25 08:34
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09.10.25 11:05
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