Bitcoin tumbles under $80,000 as Fed chair shift spooks crypto markets
Bitcoin fell 6.53% to $78,719.63 on Saturday, dropping below $80,000 for the first time since April 2025. Ether lost 11.76% to $2,387.77 as the crypto market shed $111 billion in value within 24 hours. Renewed concerns over U.S. monetary policy and thin weekend liquidity deepened the selloff. Spot bitcoin ETFs continued to see outflows.