Bitcoin Plunges to $80,000 as Crypto Markets Crumble

Bitcoin plunges — Bitcoin fell to a one-month low near $80,000 on Thursday, leading a broad crypto market selloff ahead of the anniversary of a major 2025 flash crash.

The price of BTC dropped 4% in the past 24 hours and is down more than 8% from a recent high near $87,000 just four days ago. Other major cryptocurrencies saw even steeper declines, with Ethereum and XRP falling roughly 6% and Solana plummeting 9% over the same period. All are down double-digit percentages over the last week.

The sharp downturn comes as the market approaches the one-year anniversary of the October 10, 2025, flash crash, when Bitcoin plunged from about $122,000 to $105,000 in minutes. Analysts also cite rising oil prices and interest rates as negative catalysts for risk assets.

The current selloff has erased recent gains and highlights the persistent volatility in digital asset markets, with traders closely watching key support levels as the anniversary date nears.