Bitcoin Drops to $80K as Sunday Selloff Hits Crypto Again

The cryptocurrency market faced another turbulent Sunday, with Bitcoin (BTC) sliding towards its lowest point of 2025. Just after 7:00 PM ET, BTC fell to exactly $80,000, marking a 7% decline in the past 24 hours. While a minor rebound lifted it to $80,700, the overall market remained in a downward spiral.

Altcoins mirrored Bitcoin’s losses, with Ether (ETH), Solana (SOL), and XRP (XRP) dropping by similar percentages. Meanwhile, Cardano (ADA) and Dogecoin (DOGE) experienced even steeper declines of nearly 12%.

Amid the selloff, former U.S. President Donald Trump addressed economic concerns during a Fox News interview, defending his policies on tariffs and budget cuts. "There could be a little disruption," Trump acknowledged, contrasting China’s long-term strategy with the U.S.'s quarter-by-quarter focus. Some online commentators likened his stance to "Volckering," a nod to former Federal Reserve Chairman Paul Volcker.

Volcker, appointed in 1979 by President Jimmy Carter, tackled runaway inflation by aggressively raising interest rates, triggering a sharp recession before stabilizing the economy. By the time his tightening measures ended, interest rates had soared to 20%, but inflation was under control, setting the stage for a decade of economic growth.

As the crypto market reeled, U.S. stock index futures also took a hit, sliding approximately 0.85% across the board in early Sunday evening trading. The broader financial landscape remains on edge, with investors watching closely for the next move.