Key Takeaways
- Bitcoin price falls below $80,000 for the first time since November 2024.
- The Bitcoin price drop was caused by a 5.5% decline in trading data.
- Bitcoin last traded below $80,000 in November 2024, and the current price is below $80,000.
Moscow: The price of bitcoin fell by 5.5% on Friday, falling below $80,000 for the first time since November 2024, according to trading data.
On one of the largest cryptocurrency exchanges in terms of trading volume, Binance, bitcoin dropped to $79,823, below $80,000 for the first time since November 10, 2024.
On the Bitmex Cryptocurrency Exchange, the bitcoin price plummeted to $79,350 before rising again slightly above $80,000.
In early November 2024, bitcoin began to rise in price following Donald Trump’s victory in the US presidential election. This led to a 62% increase in price, reaching an all-time high of $109,000 in late January 2025.
