"Bitcoin price plunged to nearly $75,000 today during a continuous and sharp, high-volume sell-off that erased more than 10% from recent highs and pushed the asset below $80,000 for the first time since April 2025. Data shows BTC fell from a 24-hour high of $84,356 to a low of $75,644 in a matter of hours, as sellers overwhelmed bid support across major exchanges."
"Volume expanded during the breakdown, signaling forced exits and margin liquidations rather than low-conviction selling. Despite the sharp decline, on-chain data suggests renewed interest from new buyers. Network data shows a surge in new bitcoin addresses over the past 24 hours, reaching the highest daily increase in nearly two months. Bitcoin's drop also outpaced most recent declines in traditional markets, but it still held up better than gold during the same window."
Bitcoin fell over 10%, sliding from a 24-hour high of $84,356 to $75,644 and dropping below $80,000 for the first time since April 2025. The sell-off accelerated after support near $82,500 failed, moving quickly through thin liquidity and triggering derivatives liquidations. Price broke a rising trendline from late December and slipped below the 50-day exponential moving average near $90,000, flipping that level into overhead resistance. Volume expanded, signaling forced exits. On-chain data showed a surge in new addresses, and bitcoin outperformed gold during the same window. Downside risk remains elevated until BTC reclaims $82,000–$84,000.
Read at Bitcoin Magazine
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