{"id":394998,"date":"2025-11-21T16:28:34","date_gmt":"2025-11-21T16:28:34","guid":{"rendered":"https:\/\/www.europesays.com\/us\/394998\/"},"modified":"2025-11-21T16:28:34","modified_gmt":"2025-11-21T16:28:34","slug":"bitcoin-continues-slide-thats-roiling-markets-threatens-to-break-below-80000","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/394998\/","title":{"rendered":"Bitcoin continues slide that’s roiling markets, threatens to break below $80,000"},"content":{"rendered":"

Bitcoin fell sharply after a sell-off of major U.S. stock indices. Bitcoin has been correlated closely to the price movement of the Nasdaq index.<\/p>\n

Luke MacGregor\u00a0 | Bloomberg | Getty Images<\/p>\n

Bitcoin<\/a> tumbled as much as 6% early Friday, hovering just above its critical $80,000 support level at one point, as investors continued their flight from risk-on assets to more defensive plays. <\/p>\n

The largest cryptocurrency by market capitalization hit $80,548 at around 7:30 a.m. ET. The token’s plunge to that price \u2014 its lowest since April 11\u2014 marks a steepening of bitcoin’s decline following widespread cascading liquidations of highly leveraged crypto positions in October. <\/p>\n

“Price action has been unimpressive across the large tokens, BTC dipping below the year-start price as long-time and larger holders of the token have become more active,” Citi analyst Alex Saunders said Friday in a note to clients. “ETF flows, the main driver of BTC prices, are also drying up, adding to the short-term performance worries.”<\/p>\n

Bitcoin has since regained some of its losses to trade down 4% to $82,939.59, according to Coin Metrics. The cryptocurrency has fallen 12% since the beginning of the week and roughly 26% over the last month.<\/p>\n

Stock Chart IconStock chart icon\"hide<\/p>\n

Bitcoin value year to date<\/p>\n

The token’s slide follows mounting pressure in the U.S. stock market, which has led investors to rotate out of volatile assets like crypto and artificial intelligence stocks into safe-havens such as gold. The Nasdaq Composite fell 2%<\/a> on Thursday, as a rally sparked by Nvidia<\/a>‘s blockbuster earnings on Wednesday lost steam. Its fizzling underscores investors’ increasing scrutiny of sky-high AI valuations. Investors in AI also often hold bitcoin, linking the two trades.<\/p>\n

Cryptocurrency stocks were also in the red. Strategy<\/a>, a bitcoin treasury firm, has fallen 2% on the day and is now down 42% over the past month. American Bitcoin<\/a> and Riot Platforms<\/a> shed 7% and 4% in Thursday’s session, respectively. <\/p>\n

Bitcoin is now down 9% since the beginning of the year, despite smashing several price records following President Donald Trump’s inauguration in January. <\/p>\n

Amid the administration’s pro-crypto policies, it last sailed to a record price just north of $126,000 in early October. But, it’s now more than 30% off that high. <\/p>\n

“We’re in very oversold territory for bitcoin right now,” Sebastian Pedro Bea, chief investment officer at crypto asset management firm ReserveOne, told CNBC.<\/p>\n","protected":false},"excerpt":{"rendered":"Bitcoin fell sharply after a sell-off of major U.S. stock indices. Bitcoin has been correlated closely to the…\n","protected":false},"author":3,"featured_media":394999,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[187406,8186,133,64,81,3346,135,147,118360,134,96265,67,132,68,3642],"class_list":{"0":"post-394998","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-akerna-corp","9":"tag-bitcoin-usd-coin-metrics","10":"tag-breaking-news-markets","11":"tag-business","12":"tag-business-news","13":"tag-investment-strategy","14":"tag-markets","15":"tag-nvidia-corp","16":"tag-riot-platforms-inc","17":"tag-stock-markets","18":"tag-strategy-inc","19":"tag-united-states","20":"tag-unitedstates","21":"tag-us","22":"tag-wall-street"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115588636849799247","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/394998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=394998"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/394998\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/394999"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=394998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=394998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=394998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}