Bitcoin (BTC) has fallen below $80,000, erasing gains since Donald Trump’s election victory. Market uncertainty is mounting as investors react to economic risks, pushing BTC to $76,800—its lowest level since November.
In a recent interview, Trump acknowledged a possible U.S. recession, calling it a “period of transition.” While he remains a crypto advocate, macroeconomic concerns are overshadowing sentiment, accelerating Bitcoin’s decline.
Crypto and Equity Markets Slide as Outflows Surge
Financial markets are struggling, with the Nasdaq down 3% and the S&P 500 losing 1.8%. Crypto stocks took a hit:
Coinbase dropped 17.6%
Robinhood fell 19.8%
MicroStrategy tumbled 16%
Bitcoin ETFs have suffered four straight weeks of outflows, with $867 million withdrawn last week alone. Digital asset fund outflows totaled $4.75 billion in the past month, reducing AUM to $142 billion—the lowest since November 2024.
The Crypto Fear & Greed Index plunged to 17 (Extreme Fear) as liquidations surged, wiping out $195 million in four hours, primarily from long positions. Inflation concerns ahead of key U.S. economic reports (CPI and PPI) are adding to market jitters.
Institutional Demand and Stablecoins Could Fuel Bitcoin’s Comeback
Despite the downturn, institutional interest remains strong. Treasury Secretary Scott Bessent reaffirmed support for stablecoins to maintain U.S. dollar dominance, and Trump has authorized a Bitcoin reserve using seized assets, signaling potential regulatory tailwinds.
Tether, the largest stablecoin issuer, now holds $6.8 billion in Bitcoin, boosting market liquidity.
Analysts suggest further U.S. government support for stablecoins and Bitcoin could attract institutional investment, setting the stage for BTC’s next rally.
Bitcoin Struggles Below $82K – Can Bulls Hold Key Support?
Bitcoin is testing resistance at $82,200, trading around $80,600 (-1.3%). It remains under pressure, struggling below the descending trendline and 50-period EMA at $85,000.
On the downside, $77,800 is a critical support level—if breached, BTC could drop to $74,600 or even $71,900. However, holding this level and breaking $82,200 could push BTC toward $86,400 in the near term.
For now, Bitcoin’s bearish structure remains intact, and traders are watching key levels for signs of a breakout or further downside.
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