Bitcoin tumbled to a low of $80,226, triggering a widespread downturn across the crypto market. Leading altcoins also registered steep losses, deepening concerns among investors. The decline comes amid broader market fears, with potential tariffs from former U.S. President Donald Trump weighing on risk assets like crypto and equities.

Crypto Stocks Take a Hit

The extended sell-off spilled into equity markets, with crypto-related stocks sliding in pre-market trading.

• MicroStrategy (MSTR) and Coinbase (COIN) dropped over 5%.
• Bitcoin mining firms such as MARA Holdings (MARA), Riot Platforms (RIOT), Core Scientific (CORZ), and CleanSpark (CLSK) traded at least 2.5% lower.
• Coinbase, already under pressure, fell below $205, adding to its struggles after failing to secure inclusion in the S&P 500 during the latest index rebalancing.

Market Sentiment at Multi-Year Low

Investor sentiment has taken a sharp dive, with the Crypto Fear & Greed Index plummeting to 17, signaling “extreme fear.” This marks one of the lowest readings in recent years, highlighting the prevailing uncertainty in the market.

What’s Next for Crypto?

With regulatory uncertainty and macroeconomic risks mounting, volatility is expected to persist. Traders are now watching Bitcoin’s ability to hold key support levels as a further breakdown could trigger deeper losses. On the upside, a potential recovery in risk appetite could see prices bounce back.

For now, crypto investors remain on edge as Bitcoin struggles to find stability in a turbulent market.