Bitcoin has fallen to ~$77K, down ~5% in 24 hours, over 12% in the past week, and down 39% since its ATH in October 2025; Ethereum is down 21%+ in the past week
Bitcoin fell sharply in early Saturday afternoon trading in New York, tumbling below $80,000 mark to hit levels last seen in April 2025.
Context & Ripple Effects
This is a further leg of the selloff reported a day earlier, when Bitcoin was near $78,000 and Ethereum had already posted steep weekly losses. The move extends a decline that had previously pushed Bitcoin below $100,000 in November 2025 and hit Ethereum harder than the largest cryptocurrency.
The coverage also fits a recurring pattern of synchronized crypto drawdowns, including the August 2024 market-wide selloff and the 2022 plunge below $26,000. What is notable here is the proximity to Bitcoin’s October 2025 peak and the continued weakness in Ethereum.
First-order effects
- Bitcoin holders face a deeper drawdown from the October 2025 all-time high, while Ethereum’s larger weekly decline widens its near-term underperformance versus Bitcoin.
- The drop below $80,000 confirms the prior day’s weakness rather than a brief intraday reversal, keeping both assets under immediate price pressure.
Second-order effects
- A continued Bitcoin decline can pull attention and capital away from the broader crypto market, particularly where Ethereum’s losses are already outpacing Bitcoin’s.
- The widening Bitcoin–Ethereum performance gap puts added focus on Ethereum-specific fundamentals, including prior reports of Ethereum’s sharp weekly decline alongside weaker network activity and fees.
Third-order effects
- If repeated synchronized selloffs continue, crypto’s largest assets may remain governed more by broad risk cycles than by their distinct network narratives, limiting the diversification investors expect within the sector.
- Persistent Ethereum underperformance would raise the importance of whether developer leadership and lower-fee network usage can translate into durable demand, rather than merely technical adoption.
The trend: The move is part of a renewed crypto deleveraging cycle in which Bitcoin’s retreat from its peak is accompanied by disproportionately sharp losses in Ethereum.