Bitcoin Falls to $80,000 Amid Sunday Selloff
Bitcoin (BTC) is experiencing a significant decline, currently priced at $80,700 after a drop of 7% in the past 24 hours. It approaches its 2025 low of around $78,000. Other cryptocurrencies also fell, including:
- Ether (ETH)
- Solana (SOL)
- XRP (XRP)
- Cardano (ADA) - down nearly 12%
- Dogecoin (DOGE) - down nearly 12%
U.S. President Donald Trump commented on potential market disruptions due to his tariff and budget policies, suggesting a long-term strategy similar to China's century perspective. His remarks drew parallels to former Fed Chairman Paul Volcker's aggressive rate hikes aimed at curbing inflation in the late 1970s.