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.

Michael Burry warned that a Bitcoin drop below $70,000 could unlock “sickening scenarios,” including forced selling and firm failures. Burry argued large corporate Bitcoin holders

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

Michael Burry warns Bitcoin breakdown could trigger cascading market risks.

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 Bitcoin price attracts attention from analysts and traders who watch its moves on crypto exchanges. Researchers usually point to a few factors that move the coin’s price through different cycles. The key drivers include supply limits, market demand, macroeconomics, and market behaviors.

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.

For the first time in months, Bitcoin ETFs are holding less than $100 billion. According to Farside data, a $272 million wave of exits on February 3 pushed the sector below that major psychological milestone,

The interplay between these elements contributes to Bitcoin’s short-term volatility, but examining it in close detail can help observers gauge its more steady long-term value.

Pi Network (PI) price remains above $0.15 on Wednesday, struggling to recover after a significant sell-off. The Pi coin price is under pressure as Bitcoin

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