Bitcoin Price Analysis: BTC Slips Below $80,000 As Sell-off Intensifies
Bitcoin (BTC) slumped below $80,000 late on Saturday, falling to a low of $75,644 on Coinbase as low weekend liquidity amplified selling pressure. Markets remain on edge amid rising geopolitical tensions and political uncertainty. The decline suggests that risk appetite remains weak as investors reduce exposure to assets like cryptocurrencies.
Bitcoin fell 6.50% on Saturday as the market sell-off intensified. However, it managed to claw back and reclaim the $78,000 mark, moving to its current level of $78,648. The sell-off has seen nearly $1.8 billion in liquidations, with $300 billion wiped out from the cryptocurrency market capitalization.
Bitcoin (BTC) Drops Out Of Top Global Assets
Bitcoin’s (BTC) drop this week has cost it its place among the world’s top ten assets by market capitalization. The removal highlights the recent difficulties the asset faces as the cryptocurrency market continues to grapple with the effects of the industry’s largest forced liquidation on record. The flagship cryptocurrency’s market capitalization has slipped to $1.65 trillion, pushing it to 11th globally, just behind Saudi Aramco and below Taiwan Semiconductor Manufacturing Co. (TSMC).
Bitcoin (BTC) Rout Intensifies Amid Thin Weekend Liquidity
The global sell-off in the equity market intensified over the weekend, spilling over into the crypto ecosystem as Bitcoin (BTC), Ethereum (ETH), and other tokens traded in the red. BTC plunged below $80,000 on Saturday, dropping to a low of $75,644 on Coinbase as selling pressure was amplified by thin weekend liquidity. The sell-off can be attributed to rising geopolitical tensions, political uncertainty, and trade concerns. This has been amplified by President Trump’s pick for the next Fed Chair, Kevin Warsh. Known for his hawkish stance, Warsh’s nomination triggered a $7 trillion sell-off in metals, which dampened risk appetite across sectors, including crypto. WazirX founder Nischal Shetty stated,
The decline coincides with a renewed escalation in geopolitical tensions, particularly the situation between the US and Iran. This has unsettled global markets and triggered a broad risk-off response. In this environment, crypto assets have moved in line with other risk-sensitive instruments, reflecting a shift towards liquidity and traditional safe-haven assets.
Geopolitical Tensions Put Markets On Edge
Bitcoin fell to $75,000 as geopolitical tensions surged after reports of an explosion at the Bandar Abbas Port. The port is a key shipping hub on the Strait of Hormuz, handling a fifth of global seaborne oil. President Trump’s post about the Islamic Revolutionary Guard Corps (IRGC) on Truth Social further intensified tensions. Russell Thompson, Chief Investment Officer at Hilbert Group, stated,
This looks like a broad-based sell-off. We have an event risk over the weekend with an aircraft carrier battle fleet sitting off the coast of Iran. Trump is sabre-rattling, which isn’t helping. This isn’t BTC specific, but BTC is obviously a high delta product, so the move has been much higher and more volatile in BTC.
US political uncertainty has also dampened investor sentiment after a brief federal shutdown began over the weekend as Congress failed to pass a funding bill before the midnight deadline. However, the shutdown is expected to be short-lived, but it adds to concerns that keep traders on edge.
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) has struggled to attract investor interest after a highly volatile start to 2026. ETF inflows turned negative last week as investors pulled over $1.5 billion, while derivatives markets are struggling to unwind leverage positions from last year. As a result, price action remains choppy, with frequent sell-offs. The growing debate around the quantum threat to Bitcoin has also impacted investor sentiment.
BTC ended the previous weekend in the red, dropping 1.55% to $93,633. Sellers retained control on Monday as the price fell 1.15% to $92,559. Selling pressure intensified on Tuesday as BTC fell nearly 5%, slipping below $90,000 to $88,310. Despite the overwhelming bearish sentiment, the price recovered on Wednesday, rising 1.19% to $89,363. BTC registered a marginal increase on Thursday, moving to $89,463. BTC experienced considerable volatility on Friday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as the price registered a marginal increase to $89,474.
Source: TradingView
Selling pressure returned over the weekend, and BTC fell 0.44% to $89,092. Selling pressure intensified on Sunday as the price fell nearly 3% to $86,561. Despite the overwhelming selling pressure, BTC recovered on Monday, rising almost 2% to $88,250. Buyers retained control on Tuesday with the price crossing $89,000 to $89,250, up nearly 1%. BTC experienced volatility on Wednesday, briefly crossing $90,000 before settling at $89,162. Markets crashed on Thursday, and BTC fell over 5% to a low of $83,216 before settling at $84,513. Selling pressure persisted on Friday as the price plunged below key support levels to $81,000 before moving to $84,110. Selling pressure intensified again on Saturday as BTC plunged to a low of $75,644 before settling at $78,648. The price is marginally down during the ongoing session, trading around $78,648.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.