Bitcoin Price Crashes To $75,000 Range As Crypto Sells-Off
Bitcoin price experienced a significant drop today, plunging to nearly $75,000 amid a sharp sell-off that wiped out more than 10% from recent highs. The rapid decline pushed the asset below $80,000 for the first time since April 2025. The sell-off was characterized by high volume and intense selling pressure that overwhelmed bid support across major exchanges.
BTC fell from a 24-hour high of $84,356 to a low of $75,644 in a matter of hours, marking one of the steepest single-day declines of the year. The move triggered widespread liquidations in derivatives markets and accelerated after failing to hold support near $82,500. Price quickly broke through thin liquidity zones, with little evidence of sustained dip-buying until reaching the mid-$70,000 range. Traders described the event as a deleveraging event rather than a gradual risk-off rotation.
On the daily chart, bitcoin price broke below a rising trendline that had held since late December. It also slipped decisively under the 50-day exponential moving average near $90,000, turning that level into overhead resistance. Volume expanded during the breakdown, indicating forced exits and margin liquidations rather than low-conviction selling.
Despite the sharp decline, on-chain data suggests renewed interest from new buyers, with a surge in new bitcoin addresses over the past 24 hours. Bitcoin outpaced most recent declines in traditional markets, holding up better than gold during the same period. While BTC fell roughly 6% to 8%, gold posted a steeper drawdown, highlighting bitcoin’s relative strength during the volatility.
Traders warn that downside risk remains elevated until the bitcoin price reclaims the $82,000 to $84,000 range. The next key support zone is in the low-to-mid $70,000s, with longer-term focus shifting towards market stabilization. The U.S. government entered a partial shutdown after Congress failed to pass a full-year spending package by the Friday midnight deadline, leaving several major departments temporarily unfunded.
At the time of writing, bitcoin price is trading at $77,825, down 7% over the past 24 hours, with daily trading volume reaching $75 billion. The asset is now 8% below its seven-day high of $84,368 and sits just 1% above its seven-day low of $77,534. The market is closely monitoring developments in both the cryptocurrency and traditional markets as investors navigate through the volatility.
