Bitcoin Plunges Below $80,000 as Crypto Market Slides Deeply Amid Risk-Off Sentiment
๐ Bitcoin Plunges Below $80,000 as Crypto Market Slides Deeply Amid Risk-Off Sentiment New York – February 1, 2026 — Bitcoin (BTC), the world’s largest cryptocurrency, experienced a sharp drop over the weekend, sliding below the $80,000 mark and intensifying a broader sell-off across global crypto markets. The sudden decline wiped out billions in market value and lifted concerns about liquidity and risk appetite among investors. ๐ Bitcoin Price Action Bitcoin fell as much as 7.1% to around $78,159 during trading on Saturday, marking its lowest levels since April 2025. The decline contributed to a massive sell-off in digital assets, with other major tokens like Ethereum shedding more than 10% of their value. ๐ Market impact snapshot: BTC price below $80,000 — a key psychological and technical level. Over $1.6 billion in leveraged positions liquidated in recent trading. Total crypto market cap erased by more than $100 billion during the slide. ๐ช Broader Crypto Weakness &...