Bitcoin Drops to 3.5-Month Low – Century Financial
Bitcoin (BTC) fell below $80,000 on Friday, hitting its lowest level in 3.5 months amid uncertainty over U.S. President Donald Trump’s tariff plans, crypto regulations, and weak investor sentiment following a $1.5 billion hack in Ethereum. The world’s largest cryptocurrency was last down 5.7% at $79,792, having touched an intraday low of $78,523, its weakest level since November 11.
After trying to stabilize near $86,000, Bitcoin pulled back to $80,000 level, mirroring a broader market trend as bulls failed to regain control. Despite the dip, institutions like Standard Chartered remain optimistic, targeting $500K by the end of Trump’s term. Additionally, Texas’s unanimous approval of a Bitcoin Reserve shows strong government support for the sector. While these positive developments have boosted investor sentiment, it is yet to be reflected in Bitcoin’s price.
BTC faces resistance at $86,600, with support at $78,000. Other major cryptocurrencies also slid, with Ethereum down 7%, XRP losing 5%, BNB dropping 4%, and Solana slipping 3.9%. Dogecoin, Cardano, Chainlink, Tron, Sui, Avalanche, Stellar, Litecoin, and Hedera recorded losses between 2% and 8%.
Last Updated on 7 hours by News Desk 1
