The bitcoin price has plummeted under the closely-watched $80,000 per bitcoin level, sparking fears that a full-blown bitcoin and crypto crash could be looming.

Bitcoin fell below $73,000 on Tuesday as investors sold the asset to hedge against heightened geopolitical and economic uncertainties.

The price of bitcoin fell about 10% over the past week.

Fears have been swirling for years that the era of U.S. dollar reserve currency status could be coming to an end, with the turmoil triggered by U.S. president Donald Trump’s global trade tariffs and the rise of China as a economic challenger to the U.S. stoking those fears.

The price of the world's largest cryptocurrency fell to fresh 2026 lows as tech stocks sank broad market indexes.

Bitcoin's very modest bounce from the weekend lows appears to be failing, the price falling back to just above $77,000. Gold and silver, meanwhile, have renewed their bull runs, with gold close to reclaiming the $ 5,000-per-ounce level.

From November 10 to December 1, Bitcoin fell from a valuation of about $106,000 to a low of under $85,000. Concerns surrounding tech stocks, liquidity, and a variety of other complex factors had contributed to a deepening risk mood in crypto spaces.

Marginally good news and big bitcoin purchases have yet to move the cryptocurrency in a meaningfully positive direction.

This surge in demand for lower-strike puts contrasts with the post-Trump-election pattern of enthusiasm for high-strike calls.

Bitcoin sees worst crash since November 2024.

Cryptocurrency markets fell as global equities and precious metals sold off, while bitcoin liquidations exacerbated downside moves.