Bitcoin Faces Another Sharp Decline
Bitcoin (BTC) experienced yet another weekend dip, dropping to $80,000 as the cryptocurrency market faced renewed selling pressure. The leading digital asset, which has been on a downward trend, is now nearing its 2025 low of $78,000. As of 7:00 pm ET, BTC was down 7% over the last 24 hours, briefly recovering to $80,700.
Altcoins Continue to Plummet
Other major cryptocurrencies mirrored Bitcoin’s decline. Ethereum (ETH), Solana (SOL), and XRP (XRP) all posted similar losses, while Cardano (ADA) and Dogecoin (DOGE) suffered steeper drops of nearly 12%. The persistent weakness across the crypto market has raised concerns about investor confidence and the overall market outlook.
Economic Policies Add to Market Uncertainty
Adding to the uncertainty, former U.S. President Donald Trump discussed his economic policies in a Fox News interview, stating that there “could be a little disruption” due to his budget and tariff decisions. His remarks drew comparisons to Paul Volcker, the former Federal Reserve Chairman who aggressively raised interest rates to fight inflation in the late 1970s, causing a recession before stabilizing the economy. Meanwhile, U.S. stock index futures also reflected the market’s caution, dropping 0.85% in early trading.
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