Cryptocurrency is facing yet another big price plunge.
Bitcoin dropped to the $84,000 range on Thursday, the lowest price it’s seen in 2026 so far. Other cryptocurrencies like Ether and Doge also experienced falling prices, with values being down as much as 6 percent.
Crypto analysts suggest that this is a crucial price point for cryptocurrencies like Bitcoin to maintain or its valuation may continue to drop.
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As crypto outlets point out, the price drop of Bitcoin and other cryptocurrencies didn’t happen in a vacuum. The stock market, especially tech stocks like Microsoft, took a huge dive on Thursday. Crypto-related stocks also took a big hit as well.
As investors sell off investments, crypto holdings traditionally take a big hit as one of the more riskier bets. According to Coindesk, investors have liquidated more than $650 million across all crypto assets during the Thursday selloff.
Some analysts believe that Bitcoin could see its prices drop below $80,000 in the near future.
Topics
Bitcoin
Cryptocurrency
