Bitcoin showed small signs of recovery on Monday after a sharp sell-off pushed the world’s largest cryptocurrency below $80,000 for the first time since April 2025.
The digital asset traded around $78,200 in afternoon U.S. trading, up roughly 1% on the day, according to CoinMetrics. Over the past week, however, bitcoin has fallen about 12%, erasing more than $200 billion from its market value. Prices briefly dropped below $75,000 before buyers stepped in and trimmed some of the losses.
Analysts say the move reflects broader market pressure rather than crypto-specific problems. Dessislava Ianeva, a research analyst at Nexo, said bitcoin’s decline coincided with a wider “risk-off” shift across global markets and was amplified by thin weekend trading. U.S. stocks fell sharply on Friday, led by tech shares, and the weakness spread to European and Asian markets earlier on Monday.
The downturn also hit traditional safe havens. Gold and silver extended recent losses, with silver posting its worst daily drop in decades last week. As prices slid, forced liquidations added fuel to bitcoin’s fall. Bitcoin’s price drop went faster after Thursday, with over $2 billion in long and short positions gone, says Coinglass.
People are thinking about other issues too, like world events and what will happen with U.S. money stuff now that Kevin Warsh might be in charge of the Federal Reserve. Last week, about $1.7 billion went out of digital investments, which shows people are feeling less positive.
Even though things are down right now, it’s hard to say where things will go. Some people think Bitcoin might stop falling around $70,000 soon, but others say it could drop a lot more if things get worse.
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