Bitcoin Dips to $80k as Altcoins Bleed Further

TL;DR

• BTC dipped to the $80k region on Sunday, losing 5% of its value.

• Solana and Dogecoin were the worst performers as altcoins bleed further.

BTC Drops Below $81k

The cryptocurrency market continued its recent tradition of bearish performance during the week. Bitcoin, the leading cryptocurrency by market cap, lost 5% of its value to drop to the $80,100 level.

It has slightly bounced back and now trades at $82,250 per coin. The dip coincides with volatility and broader sell-off in equities triggered by Trump's tariffs. While Bitcoin has failed to serve as a digital safe haven, Gold maintains its status as a traditional safe-haven asset, with XAU’s price surging in recent days. 

With Bitcoin underperforming, altcoins are also bleeding. DOGE, Dogecoin’s native coin, is the worst performer in the top 10, down 10% in the last 24 hours. Solana’s SOL also lost 7.7% in the last 24 hours while Ether risks dropping below $2k after losing 5% of its value. 

With the market now bearish, the total cryptocurrency market cap stands at $2.69 trillion. Cryptocurrency traders lost over $120 million on Sunday due to the volatile market.

JUST IN: $120,000,000 liquidated from the cryptocurrency market in the past 60 minutes.

— Watcher.Guru (@WatcherGuru) March 9, 2025