Bitcoin dropped below $80,000 amid low investor demand, erasing $111 billion from the crypto market and raising questions about its role in portfolios.
Bitcoin tumbled below $80,000 on Saturday, falling as much as 10% to $75,709.88, marking its lowest level since April 2025. Ether and Solana also posted steep losses of up to 17%. The selloff erased roughly $111 billion from the crypto market amid thin liquidity and limited buying interest.
“The levels right now are reading in pretty extreme disinterest” from retail investors, said Needham analyst John Todaro. Delays in US crypto regulations, rising geopolitical risks, and a lack of response to gold’s rally have compounded the downturn, leaving Bitcoin struggling to act as a hedge or momentum play.