Bitcoin price fall wiped out an estimated $1.3 trillion from the global crypto market. It dropped below $77,000 on Sunday, marking a more than 10% decline from last week’s peak of $90,000. This sharp drop sparked concerns about the market’s future.

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Bitcoin price fall:Other Cryptocurrencies Also See Declines

Ethereum, XRP, Solana, and Dogecoin also faced significant losses. These cryptocurrencies saw declines of around 15% in just 24 hours. Investors grew worried as major digital currencies continued to slide.

Bitcoin Price Fall Breaks Support Level

Bitcoin broke the crucial support level between $79,000 and $80,000. This level had held steady for weeks, providing stability. Losing this key level signals a deeper decline. Bitcoin’s failure to recover may lead to further losses.

Global Financial Instability Contributes to Decline

The Bitcoin price fall occurred amid global financial turmoil. US stock markets posted their worst two-day loss since 2020. President Trump’s announcement of global tariffs fueled fears of a trade war and global recession. These fears triggered panic across financial markets, including cryptocurrencies.

Crypto Market Sees Heavy Liquidations

Bitcoin experienced over $247 million in liquidations as traders were forced to sell to cover losses. Ethereum followed with $217 million in liquidations. These forced sales intensified the price drop and deepened the market’s decline.

Bitcoin’s Decline Raises Investor Concerns

Bitcoin has fallen 15% since the start of 2025. Investors grew concerned as Bitcoin’s price dropped. Despite initial resistance, Bitcoin now faces the wider market downturn.

Possible Rebound if Economic Measures Are Taken

Bitcoin could rebound if economic measures are introduced. Analysts predict that interest rate cuts by the Federal Reserve could stabilize the market. These measures might help Bitcoin recover and encourage further growth.

The crypto market remains volatile, with Bitcoin’s future uncertain. Investors are awaiting signs of recovery. Emergency interventions or policy changes could provide the boost Bitcoin needs to regain value.

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