Bitcoin price plunged to nearly $75,000 today during a continuous and sharp, high-volume sell-off that erased more than 10% from recent highs and pushed the asset below $80,000 for the first time since April 2025.<\/p>\n
Data shows BTC fell from a 24-hour high of $84,356 to a low of $75,644 in a matter of hours, as sellers overwhelmed bid support across major exchanges.\u00a0<\/p>\n
The move marked one of the steepest single-day declines of the year<\/a> and triggered widespread liquidations in derivatives markets.<\/p>\n The sell-off accelerated after bitcoin price failed to hold support<\/a> near $82,500. Once that level broke, price moved quickly through thin liquidity zones, with little evidence of sustained dip-buying until the mid-$70,000 range. Traders described the move as a deleveraging event rather than a gradual risk-off rotation.<\/p>\n On the daily chart, the bitcoin price broke below a rising trendline that had held since late December. Price also slipped decisively under the 50-day exponential moving average near $90,000, flipping that level into overhead resistance, according to Bitcoin Magazine Pro <\/em>Data.\u00a0<\/p>\n Volume expanded during the breakdown, signaling forced exits and margin liquidations rather than low-conviction selling.<\/p>\n Despite the sharp decline, on-chain data suggests renewed interest from new buyers. Network data shows a surge<\/a> in new bitcoin addresses over the past 24 hours, reaching the highest daily increase in nearly two months.\u00a0<\/p>\n Bitcoin\u2019s drop also outpaced most recent declines in traditional markets, but it still held up better than gold during the same window. While BTC fell roughly 6% to 8% during the sell-off, gold posted<\/a> a steeper drawdown, reinforcing bitcoin\u2019s relative strength during the volatility.<\/p>\n Until the bitcoin price reclaims<\/a> the $82,000 to $84,000 range, traders say downside risk remains elevated. The next key support zone sits in the low-to-mid $70,000s, with longer-term focus shifting toward whether the market can stabilize.<\/p>\n The U.S. government entered a partial shutdown after Congress failed to pass a full-year spending package by the Friday midnight deadline, leaving several major departments temporarily unfunded.\u00a0<\/p>\nBitcoin price analysis as the U.S. government enters partial shutdown<\/h2>\n
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