Bitcoin, the world’s most valuable cryptocurrency, experienced a significant decline in its price on Sunday.
According to market data, Bitcoin was down approximately 5% as of 18:55 GMT, reflecting a swift drop in investor confidence.
The flagship digital asset was trading at $78,892.92, moving below the psychologically important $80,000 mark.
Crypto exchanges and traders worldwide have responded with caution, watching closely for signs of market stabilization.
While no single event has been confirmed, experts cite general market volatility, profit booking, and macro-economic concerns as possible triggers.
Financial analysts and crypto strategists are advising investors to remain calm and avoid panic selling during temporary corrections.
Volatility is a regular part of the crypto market. Price swings of 3–10% in either direction can happen frequently, especially during global economic shifts.
Despite this decline, Bitcoin continues to dominate the cryptocurrency space in terms of market capitalization, adoption, and trading volume.
The future remains uncertain — but many believe Bitcoin could rebound soon, depending on broader market signals and investor sentiment.