Bitcoin Drops Below $80,000 for First Time Since November

The cryptocurrency's value has fallen 25% from its January peak, driven by economic uncertainty and investor skepticism about U.S. policy.

Bitcoin's value fell to $79,627 in Asian trading, marking a 25% decline from its January high of $109,000.
Analysts attribute the drop to investor concerns over Donald Trump's trade tariffs and lack of concrete cryptocurrency policy initiatives.
Other major cryptocurrencies, including Ethereum, also experienced significant declines, with Ethereum losing 20% of its value over the past week.
A $1.5 billion theft at the Bybit crypto exchange in Dubai and controversies surrounding speculative meme-coins have further eroded market confidence.
Investors are shifting funds away from riskier assets like cryptocurrencies, seeking safer options amid fears of global economic instability.