Bitcoin Price Crash Below $80,000, Could It Down Again?

Bittime - Bitcoin price crashed below $80,000 and extended its decline to more than 18% in the past week. 

This price drop occurred amid a plunge in the overall crypto market, which was triggered by macroeconomic uncertainty and concerns about Donald Trump's policies.

Current Bitcoin Price

Source: Bittime.com

Bitcoin price crashed to $80,000 a few hours ago, but is starting to rise. Currently, BTC is trading at $81,083 according to Bittime market.

Read Also: List of US Crypto Reserve Tokens Announced by Donald Trump 

Bitcoin Price Crash, Crypto Market Loses $900 Billion in a Month

Since Trump initiated aggressive trade policies on January 20, the crypto market has experienced a sharp decline. The total crypto market capitalization plummeted from $3.7 trillion to $2.8 trillion in just over a month, a loss of more than $900 billion. 

On a monthly basis, Bitcoin price crashed more than 21% after failing to hold the $106,000 level. Bitcoin's losses worsened after it failed to defend the crucial support level of $95,000.  

Bitcoin Price Crash, Gold is Superior  

When Bitcoin price crash, gold actually experienced a significant increase. During this period of economic uncertainty, gold prices have continued to rise, with year-to-date increases reaching nearly 10%.

Gold has again become a global hedging asset amidst uncertain conditions. Last week, gold ETFs recorded purchases of 52 tons of gold, the largest inflow since July 2020. 

In the last 12 months, gold prices have soared more than 50%, recording the best annual performance in the last decade, making it superior as a safe haven asset.

Read Also: Donald Trump Makes Bitcoin Prices Fall, This Is His Action! 

Bitcoin Price Crash, Could It Drop Again?

Analyst crypto Justin Bennett estimates that this Bitcoin price crash risks closing the CME gap at $77,360 formed since November, potentially touching the September 2023 trend level. 

Bennett also doubts Bitcoin's ability to survive at current levels. For Bitcoin to not enter a bearish trend, it would need a close above $92,000, but the chances are very slim.

Meanwhile, BitMEX CEO Arthur Hayes believes that Bitcoin still has the potential to experience one wave of sharper declines below $80,000 before finally stabilizing. 

Not only that, the CEO of CryptoQuant is also still optimistic that Bitcoin's bull run is not over and it is unlikely that BTC prices will fall below $77,000 in the near future.

Read Also: When is the Right Time to Buy Bitcoin? 

Bitcoin FAQs

What are Bitcoins?

Bitcoin is the world's first crypto asset and the largest crypto asset by market capitalization. Bitcoin was first created in 2009 by Satoshi Nakamoto, whose true identity until now no one knows.

How many Rupiah is 1 BTC?

Currently, 1 BTC is worth IDR 1,340,651,386 based on the Bittime market. 

1 BTC How much is USD?

Currently, 1 BTC is worth $81,083 according to Coinmarketcap. 

How to Buy Crypto with Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Additionally, visit Bittime Blog to get various interesting updates and educational information about the world of crypto. Find trusted articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your knowledge in the world of crypto.

Reference

Coingape, Bitcoin Price Slips Under $80K In Crypto Market Crash, Altcoins Drop More, accessed March 11, 2025.

Coinmarketcap, Coinmarketcap Bitcoin Currency, accessed March 11, 2025.

Author: IPR