Bitcoin fell to its lowest level of 2025 late Thursday, dropping over 6 percent to $79,500 before moving back to $80,100 as risk aversion weighed heavily on crypto markets.
Ethereum also declined sharply, slipping 8 percent to $2,150, its lowest in 14 months.
Bitcoin is currently down by 26.37 percent from its all time high of $108,790 recorded on January 20, 2025. It is currently at its lowest level recorded during November 2024.
In one instance, liquidations in the broader crypto market exceeded $220 million within an hour, with Bitcoin long positions accounting for nearly half of the total.
While some analysts view geopolitical factors, including the ongoing Ukraine war, as key drivers of market uncertainty, others believe upcoming U.S. inflation data could offer some relief if figures come in lower than expected.
