Archive · 1 Feb 2026
Bitcoin Drops Below $80,000 in Weekend Selloff
Bitcoin's price dropped below $80,000 over the weekend, which is the lowest it's been since April 2025.
This happened because there aren't many people buying Bitcoin right now, and some investors are worried about new rules for cryptocurrencies that haven't been announced yet.
Other cryptocurrencies like Ether and Solana also lost value.
The total value of the crypto market went down by $111 billion, and a lot of people lost money on their investments.
Some experts think this might continue for a while because people aren't very interested in buying crypto right now.
There are also worries about possible military conflicts between Israel and Iran, which might be making people nervous about investing in risky assets like Bitcoin.
Bitcoin fell below $80,000, hitting the lowest levels since April 2025.
The decline was part of a broader retreat in digital assets, with Ether and Solana also posting significant losses.
The selloff erased more than 30% of Bitcoin's value and knocked $111 billion off the crypto market's total value.
Delays in new U.S. regulations for the crypto sector have hurt confidence and led to steady outflows from spot Bitcoin ETFs.
Geopolitical tensions, particularly between Israel and Iran, may also be impacting Bitcoin's price.
- Who
- Bitcoin investors and traders
- What
- Sharp decline in Bitcoin and other cryptocurrency prices
- When
- Saturday afternoon, with broader declines over the past 24 hours
- Where
- Global cryptocurrency markets, with significant trading in New York
- Why
- Thin liquidity, lack of buying interest, delays in U.S. crypto regulations, and geopolitical tensions
- Current Bitcoin Price
- $78,159.41
- Percentage Drop
- 7.1%
- Total Market Value Drop
- $111 billion
- Liquidated Positions
- $1.6 billion
- Ether Drop
- 10%
- Solana Drop
- 11%
