The bitcoin price has plummeted under the closely-watched $80,000 per bitcoin level, sparking fears that a full-blown bitcoin and crypto crash could be looming.

Cryptocurrency markets fell as global equities and precious metals sold off, while bitcoin liquidations exacerbated downside moves.

Bitcoin price visits 9-month low as macro tensions kept market demand in check. Altcoin market sees late day recovery led by STABLE and RIVER.

Fears have been swirling for years that the era of U.S. dollar reserve currency status could be coming to an end, with the turmoil triggered by U.S. president Donald Trump’s global trade tariffs and the rise of China as a economic challenger to the U.S. stoking those fears.

A sharp drop in the bitcoin price while CME was shut leaves bitcoin futures trading well below Friday’s close.

The bitcoin holdings of Michael Saylor’s Strategy were briefly underwater in a sign of the unwinding in cryptocurrency value this year.

The bitcoin price crashed into the $75,000 range, breaking below key technical support levels as heavy selling pressure swept through the market.

At a glance, the resemblance looks convincing: Nvidia and Alphabet dipped into long-term support, shook out weak hands, then ripped higher. Bitcoin now sits in what fractal traders call the same “final support” zone, implying a similar rebound.

Long-term bitcoin holders are selling at the fastest pace since August, while some industry observers suggest the market may be approaching a bear-market bottom.

From November 10 to December 1, Bitcoin fell from a valuation of about $106,000 to a low of under $85,000. Concerns surrounding tech stocks, liquidity, and a variety of other complex factors had contributed to a deepening risk mood in crypto spaces.

The crypto treasury company's Bitcoin bet fell into the red at one point on Monday.