Bitcoin Falls Back to $80K as Market Sees Another Sunday Selloff

Bitcoin ’s Price Drops 7% in 24 Hours

Bitcoin (BTC) saw a fresh wave of selling on Sunday, plunging to $80,000 amid another weekend slump. The cryptocurrency has struggled to maintain stability in recent weeks, and this latest drop puts it near its yearly low of $78,000. By 7:00 pm ET, Bitcoin had slipped 7% within a day, though it attempted a minor rebound to $80,700.

Altcoins See Similar or Worse Declines

The downturn wasn’t limited to Bitcoin, as other leading cryptocurrencies also took a hit. Ethereum (ETH), Solana (SOL), and XRP (XRP) posted similar losses, while Cardano (ADA) and Dogecoin (DOGE) fared even worse, dropping nearly 12%. Market analysts suggest that increasing uncertainty in the global economy is driving risk-averse behavior among investors.

Trump’s Economic Policies Add to Market Worries

The selloff coincided with remarks by Donald Trump on Fox News, where he acknowledged that his economic policies could cause short-term disruption. His stance was likened to that of former Fed Chair Paul Volcker, who raised interest rates to fight inflation in the late 1970s, causing a painful recession before economic recovery began. The uncertainty spilled over into traditional markets, with U.S. stock index futures down roughly 0.85% in early trading.

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