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.

The price of bitcoin fell about 10% over the past week.

Bitcoin has pushed deeper into bear market territory amid its latest sell-off, with the crypto down 37% from its October all-time high.

While no one has fond memories of the 2022 crypto winter — with the price of bitcoin falling 80% — the timeline was relatively brief, roughly one year from the blowoff top to the bottom. From there, bitcoin quickly doubled in price, rose through 2023, and ultimately hit a new record in early 2024.

Overview Bitcoin Price Today is near $78,769, showing strong volatility and market fear.Global economic pressures and liquidations are keeping Bitcoin weak in t

In the worst case scenario, crypto miners could go bankrupt and the metals market could plummet if bitcoin keeps falling, Michael Burry said.

Bitcoin sees worst crash since November 2024.

Shares of Strategy ($MSTR) plunged today, dipping more than 8% as Bitcoin traded at new one-year lows. Shares of Strategy plunged today, dipping more than 8% in trading as Bitcoin traded at new one-year lows and crypto risk assets came under renewed pressure.

Crypto investors are selling their Bitcoin holdings. But why? The post Why is the battered Bitcoin price tumbling again today? appeared first on The Motley Fool Australia.