Bitcoin Break Below $80,000 Signals New Crisis of Confidence
Yahoo Finance·2026-02-02 00:32
Price, relevance, conviction — Bitcoin is bleeding all three. The world’s largest cryptocurrency slipped below $76,000 in thin weekend trading, dropping about 40% from its 2025 peak and revisiting levels last seen in the aftermath of the “Liberation Day” tariff fallout. Most Read from Bloomberg What began as a sharp crash in October has morphed into something more corrosive: a selloff shaped not by panic, but by absence of buyers, momentum and belief. Unlike the October drawdown, there’s been no obvi ...