Bitcoin Price Drops Below $80K: Why is Crypto Crashing?

Bitcoin (BTC) price has dropped below $80,000, triggering concerns about a deeper sell-off and increasing market instability.  The sharp drop has intensified fears of a broader market downturn, with the total digital asset market cap falling 8.58%. Bitcoin’s Sudden Sell-Off Bitcoin took a steep dive early Friday during Asian trading hours, losing its $83,000 support level and sliding nearly 7% to around $79,000—its lowest price since early November 2024. Bitcoin's price dropped early Friday hours. Source: CoinMarketCap The decline was accompanied by a massive surge in trading volume across BTC/USD pairs, exceeding $71.5 billion in the past 24 hours. 

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