<div id="readability-page-1" class="page"><div id="ArticleBody-InlineImage-108235234"><div><div><p>Justin Tallis | Afp | Getty Images</p></div></div></div><div><p><span id="RegularArticle-QuoteInBody-1">Bitcoin<span><span id="-WatchlistDropdown"></span></span></span> extended losses on Monday as the world's biggest cryptocurrency fell below $80,000 for the first time since April 2025.</p><p>Bitcoin was trading at $77,494.65 at 05:43 a.m. ET on Monday, according to CoinMetrics. Bitcoin fell as low as $74,876 but later pared some of the losses. The digital coin has fallen about 12% in the last seven days, wiping off more than $200 billion in value from the bitcoin market, CoinMarketCap data shows. </p><p>Bitcoin fell below $80,000 over the weekend.</p></div><div><p>Dessislava Ianeva, research analyst at crypto exchange Nexo, told CNBC that bitcoin's drawdown &#34;coincided with a broader risk-off shift across global markets&#34; and &#34;was amplified by structurally thin weekend liquidity, rather than by crypto-specific developments or signs of fundamental stress.&#34;</p><p>Bitcoin often correlates with risk assets like stocks and may fall and rise with them.  U.S. stocks fell on Friday, led by tech names such as <span id="RegularArticle-QuoteInBody-3">Microsoft<span><span id="-WatchlistDropdown"></span></span></span>, which fell 10% after its earnings disappointed investors.</p><p>That negativity filtered through to European and Asian stock markets on Monday.</p><p>Gold and silver extended losses on Monday. On Friday, silver fell 30%, its worst day since March 1980.</p><p>Bitcoin's plunge was worsened by forced liquidations, when traders' positions are automatically sold as it hits a certain price. More than $2 billion of bitcoin long and short positions have been liquidated since Thursday, according to data from Coinglass.</p><p>Liquidations can have a cascading effect on crypto markets, where the price can move quickly to the downside as traders' positions are closed out.</p><p>Investors are also assessing the potential impact of Kevin Warsh, who will succeed Jerome Powell as Federal Reserve chair.</p><p>Last week, digital asset investment products recorded a second consecutive week of outflows totaling $1.7 billion, according to CoinShares. Year-to-date outflows now total $1 billion, &#34;signalling a marked deterioration in investor sentiment towards the asset class,&#34; James Butterfill, head of research at CoinShares, said in a note on Monday.</p><p>Yuya Hasegawa, an analyst at Japanese crypto firm Bitbank, told CNBC that the recent Bitcoin selloff &#34;appears to have been driven by a combination of rising geopolitical risk, a decline in tech equities triggered by Microsoft, and a breakdown in precious metals— one of the few remaining safe-haven outlets for investor capital in recent weeks.&#34;</p><p>While Bitcoin has sometimes been touted as an asset to invest in during market volatility, it is down around 22% over the last year.</p></div><div><p>Other cryptocurrencies were also lower on Monday after a sell-off over the last few days, including <span id="RegularArticle-QuoteInBody-11">ether<span><span id="-WatchlistDropdown"></span></span></span> and <span id="RegularArticle-QuoteInBody-12">XRP<span><span id="-WatchlistDropdown"></span></span></span>.</p><p>On Saturday, liquidations across cryptocurrencies were worth $2.56 billion, making it the tenth-biggest single-day event, according to Coinglass data.</p></div></div>

<p>Bitcoin has fallen below $80,000 for the first time since April 2025, trading at $77,494.65 after a 12% drop in the past week, wiping out over $200 billion in market value. The decline is attributed to a broader risk-off sentiment in global markets, exacerbated by forced liquidations totaling over $2 billion. Investors are concerned about the impact of Kevin Warsh succeeding Jerome Powell as Federal Reserve chair, with digital asset investment products seeing outflows of $1.7 billion. Other cryptocurrencies like ether and XRP also experienced losses amid the sell-off.</p>

- Bitcoin's value fell below $80,000 for the first time since April 2025, trading at $77,494.65 as of Monday morning.  
- The decline is attributed to a broader risk-off shift in global markets and forced liquidations, with over $2 billion in positions liquidated since Thursday.  
- Additionally, outflows from digital asset investment products reached $1.7 billion, highlighting deteriorating investor sentiment towards cryptocurrencies.

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