Bitcoin Tumbles Below $80,000 for Fourth Straight Session
Bitcoin's recent slide continues as it falls below $80,000 for the fourth consecutive session. The cryptocurrency traded between $76,000 and $78,500 throughout the day, touching an intraday low near $76,663.
This drop puts Bitcoin roughly 39% below its October 2025 high of $126,000, firmly back in the middle of a trading range that has defined most of 2026. Since February, the asset has oscillated between $60,000 and $80,000, with the upper boundary proving stubbornly difficult to crack.
The selloff didn't happen in isolation, as oil prices surged past $105 per barrel due to escalating tensions in the Middle East, dragging risk assets into a defensive posture. Additionally, US inflation data came in hotter than expected, raising the odds of another Federal Reserve interest rate hike.
Higher rates increase the opportunity cost of holding non-yielding assets like Bitcoin. When Treasury yields climb, capital tends to rotate toward safer, income-generating instruments. The $80,000 level has functioned as a ceiling for weeks now, with every attempt to push through fizzling out.