While investors were still dreaming of moon lambos, Bitcoin crashed back to earth with a jaw-dropping plummet. The king of crypto tumbled to $80,052, shedding a painful 7% in just 24 hours. It’s now trading around $82,200. Not pretty.
This wasn’t just any drop. Bitcoin painted its biggest weekly red candle in history—a staggering $13,561 wipeout. From its all-time high above $107,000, it’s been nothing but pain. Currently sitting 15.14% in the red for 2025. So much for digital gold.
The bloodbath wasn’t limited to Bitcoin. The entire crypto market tanked 7%, with market capitalization shrinking to $2.77 trillion. Liquidations reached a stomach-churning $616 million in 24 hours. Long positions got absolutely wrecked, accounting for $540.49 million of those losses. Bitcoin alone saw $231 million go up in smoke.
Altcoins? Pure carnage. Ethereum plunged 8%, barely hanging on around $2,000. Solana and XRP both shed 7%. Dogecoin, the internet’s favorite meme coin, led the top ten descent with a brutal 12.8% nosedive. Solana’s situation is particularly dire with over $33.25 million in liquidations within a single day. The real disasters were Pi network and spx6900, crashing 21.66% and 19.50% respectively.
Behind this mess: Trump’s uncertain economic policies, potential tariffs, budget cuts, and global inflation fears. The current situation mirrors historical patterns where regulatory changes and economic factors trigger significant downturns in cryptocurrency markets. The White House Crypto Summit delivered nothing but disappointment. Global tariff wars didn’t help either. The ongoing market turbulence has intensified despite pro-crypto measures from the SEC.
Technically speaking, Bitcoin is trading below all major moving averages. The daily RSI sits at a dismal 31, with MACD flashing danger signals below the zero line. If $73,725 breaks as support, we’re looking at even more pain ahead.
Market sentiment? Abysmal. The crypto fear and greed index hit a multi-year low of 17—that’s “extreme fear” territory. Panic selling is everywhere, and traders are frozen, waiting for macroeconomic signals.
Will crypto bounce back? History suggests resilience, but regulation, tech development, and broader economic conditions will dictate the future. For now, the crypto rollercoaster continues its downward spiral.
