Bitcoin’s price has fallen sharply to $78,574, its lowest point since mid-March, prompting concerns of a deeper slide as global markets prepare for Monday’s open. The drop represents a 6% loss in 24 hours, according to CoinMarketCap, as widespread market volatility intensifies.
The plunge follows an 85% spike in Bitcoin’s daily trading volume to $26.61 billion, suggesting panic-driven activity across crypto exchanges. Analysts are pointing to rising geopolitical tensions—especially between the U.S. and China—as a key driver of selling pressure.
Recent moves by the U.S. to implement broad trade tariffs have sparked fears of retaliation from China, causing investors to shift toward risk-averse strategies. Additionally, more than $600 million in crypto liquidations have added to the market chaos, accelerating Bitcoin’s decline.
Analysts Warn of ‘Bloody Monday’
Market experts are warning that the worst may be yet to come. On X (formerly Twitter), Fox Business correspondent Charles Gasparino shared insights from Wall Street analysts who predict heightened selloffs when markets reopen Monday.
“Monday is shaping up to be the ultimate pain day,” Gasparino wrote, echoing fears of a broader downturn.
Traders are watching for indicators that Bitcoin could enter a prolonged bearish cycle. Signs include its decoupling from traditional indices like the S&P 500, previously considered a sign of resilience but now viewed as a red flag for institutional investors.
Key triggers behind the selloff:
- $600M+ in crypto liquidations in 24 hours
- Escalating U.S.–China trade tensions
- Bearish on-chain indicators, per CryptoQuant
- Risk-off sentiment ahead of Monday’s open
Is the Bitcoin Bull Run Over?
There’s growing sentiment that Bitcoin may have exited its bull phase. CryptoQuant CEO Ki Young Ju has pointed to several metrics suggesting a market reversal.
One key signal: Bitcoin’s Realized Cap—a measure of the market’s average cost basis—is rising while the overall market cap stagnates. This divergence, Ju says, hints at bearish control lasting up to six months.
Bitcoin’s Q1 2025 ended with a 7% loss, marking its worst first quarter in a decade. The downturn is also pulling down the broader crypto market:
- Ethereum (ETH): Down 11.24%, trading at $1,590
- Solana (SOL) and Dogecoin (DOGE): Over 10% decline
- Cardano (ADA): Down 10.40%
- XRP and BNB: Down 7.77% and 6.36%, respectively
The total crypto market cap now sits at $2.62 trillion, with investors closely monitoring Monday’s market open for any signal of a rebound—or deeper losses.