Bitcoin extends drop, falls 6% to below $80,000

Bitcoin slid sharply on Saturday, dipping 6% to under $80,000, as Ethereum lost over 11%. The downturn came amid renewed geopolitical unease, with traders watching escalating tensions between Iran and Western powers. This marks Bitcoin’s weakest level since April last year, when United States President Donald Trump’s sweeping tariffs kicked in, rattling global markets. At 12:58 pm ET, the world’s most famous cryptocurrency was trading at $78,784.476, down 6.34%, while Ether was priced at $2,399.9324, reflecting a 11.21% drop.