{"id":17044,"date":"2025-03-10T15:16:59","date_gmt":"2025-03-10T15:16:59","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17044"},"modified":"2025-03-10T15:16:59","modified_gmt":"2025-03-10T15:16:59","slug":"bitcoin-dips-below-80k-as-crypto-sell-off-goes-from-bad-to-worse","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17044","title":{"rendered":"Bitcoin Dips Below $80K as Crypto Sell-Off Goes From Bad to Worse"},"content":{"rendered":"
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Cryptocurrencies extended a sell-off on Monday as risk assets including equities tanked during the early U.S. hours.<\/p>\n

Following a bounce to around $84,000 earlier in the day, perhaps buoyed by Strategy’s $21 billion fundraising plan<\/a>, bitcoin (BTC<\/a>) slid below $80,000, down 3.8% over 24 hours. The Ethereum blockchain’s ether (ETH<\/a>) briefly slipped below $2,000, to trade near its weakest price since November 2023, down around 4%.<\/p>\n

The broad-market CoinDesk 20 Index<\/a> fell 5%, with Solana’s SOL, Cardano’s ADA and Aptos’ APT, Avalanche’s AVAX and NEAR losing between 7% and 10%.<\/p>\n

The ugly action in crypto markets came as the already-battered U.S. equity indexes opened the week sharply lower, weighing on sentiment. The Nasdaq tumbled over 3% in the early hours of the session, while the S&P 500 declined 2%.<\/p>\n

Crypto equities also felt the heat. Strategy (MSTR), the largest corporate BTC holder, and crypto exchange Coinbase (COIN) lost more than 10%.<\/p>\n

With the digital asset summit at the White House and President Donald Trump’s Bitcoin reserve executive order already behind us, crypto markets have run out of near-term positive catalysts and are increasingly weighed down by concerns about a tariff war and a slowing economy. <\/p>\n

The economy is in a “transition” phase, Trump said in an interview with Fox News on Sunday, refusing to rule out a recession this year. <\/p>\n

“Until crypto finds a new narrative, we’re likely to see an increased correlation between BTC and equities in the near term,” hedge fund QCP said in a Telegram broadcast. “Both risk assets are currently trading near their recent lows, and with tariff risks still looming, volatility could pick up heading into key U.S. macro data releases.”<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Cryptocurrencies extended a sell-off on Monday as risk assets including equities tanked during the early U.S. hours. Following a bounce to around $84,000 earlier in the day, perhaps buoyed by Strategy’s $21 billion fundraising plan, bitcoin (BTC) slid below $80,000, down 3.8% over 24 hours. The Ethereum blockchain’s ether (ETH) briefly slipped below $2,000, to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-17044","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17044"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17044\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}