#BTCBelow80K Bitcoin price drops below 80 thousand dollars: 585.82 million dollars liquidated from the cryptocurrency market

After the sudden collapse that shook the cryptocurrency market in the last minutes, the price of Bitcoin fell below 80 thousand dollars. In this scenario, 585.82 million dollars were liquidated from the cryptocurrency market in the past 24 hours.

This sudden drop in the prices of digital assets coincides with the beginning of a new week in the global financial markets, amid concerns about the development of the global economy. Factors such as interest rates, inflation data, and geopolitical tensions affect risk perception, leading to panic movements that also impact the cryptocurrency ecosystem.

Bitcoin experiences a significant drop in just a few minutes

The price of Bitcoin dropped by 3% in just a few hours on Sunday. According to data, the leading cryptocurrency is trading at 79,246 dollars and has accumulated declines of about 5% in the last 24 hours.