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Bitcoin Losses widened on Monday as the world’s largest cryptocurrency fell below $80,000 for the first time since April 2025.
Bitcoin was trading at $77,494.65 as of 5:43 a.m. ET on Monday, according to CoinMetrics. Bitcoin fell to $74,876, but has since pared some of its losses. The digital coin has fallen about 12% over the past seven days, wiping more than $200 billion in value from the Bitcoin market, according to data from CoinMarketCap.
Bitcoin fell below $80,000 over the weekend.
Bitcoin price last year.
Desislava Ianeva, a research analyst at crypto exchange Nexo, told CNBC that Bitcoin’s drawdown was “consistent with a broader risk-off shift across global markets” and was “amplified by structurally thin weekend liquidity rather than a crypto-specific trend or a sign of fundamental stress.”
Bitcoin is often correlated with risky assets such as stocks, and can fall or rise with risky assets. U.S. stocks fell on Friday, led by tech stocks, including: microsoftfell 10% after earnings disappointed investors.
That negative vibe carried over to European and Asian stock markets on Monday.
Gold and silver extended their losses on Monday. Silver fell 30% on Friday, its worst day since March 1980.
Bitcoin’s plunge was further exacerbated by forced liquidations, where traders’ positions are automatically sold when a certain price is reached. More than $2 billion in long and short Bitcoin positions have been liquidated since Thursday, according to data from Coinglass.
Liquidations can have a cascading effect on the cryptocurrency market, causing prices to fall rapidly as traders close out their positions.
Investors are also evaluating the potential influence of Kevin Warsh, who will replace Jerome Powell as Federal Reserve Chairman.
Last week, digital asset investment products recorded a total outflow of $1.7 billion for the second week in a row, according to CoinShares. CoinShares head of research James Butterfill said in a note on Monday that outflows since the beginning of the year total $1 billion, “demonstrating a significant deterioration in investor sentiment for this asset class.”
Yuya Hasegawa, an analyst at Japanese cryptocurrency firm BitBank, told CNBC that Bitcoin’s recent decline “seems to be due to a combination of heightened geopolitical risks, the decline in tech stocks led by Microsoft, and the collapse in precious metals, one of the few remaining safe havens for investor funds, in recent weeks.”
Bitcoin, which is often touted as an asset to invest in during market volatility, has fallen by about 22% in the last year.
Gold and Bitcoin prices over the past year.
Other cryptocurrencies also fell on Monday, following the decline over the past few days. ether and XRP.
According to data from Coinglass, total crypto liquidations on Saturday amounted to $2.56 billion, making it the 10th largest single-day event.
Could Bitcoin fall further?
Crypto market participants told CNBC last month that they expected volatility for Bitcoin this year, with price predictions ranging from $75,000 to more than $200,000.
BitBank’s Hasegawa said Bitcoin’s “short-term bottom” could be nearing the $70,000 mark, which could be an “important reference point.”
Hasegawa added: “For the market to continue moving significantly below that level, a major reset of the market environment would likely be necessary.”
However, some believe that Bitcoin could fall even further. John Blank, chief equity strategist at Zacks, said Bitcoin could reach $40,000 this year.
“We can get there very quickly, or we’ll probably get there within the next six to eight months,” Blank told CNBC’s “Squawk Box Europe” on Monday.
Blank said he arrived at this number by looking at the lows and highs of past cycles.
Bitcoin has fallen 70% to 80% from its peak during past “crypto winters.” The previous high was $126,000, set in October. At $40,000, that’s about a 70% drop from that level.
