Bitcoin dips below $79,000 after silver selloff
Bitcoin signage in Times Square in New York, Dec. 9, 2025.
Michael Nagle | Bloomberg | Getty Images
Bitcoin, Ethereum, and Solana slumped as retail traders digested a busy market week that saw wild swings in commodities and a long-awaited announcement by President Donald Trump on his choice for the next Federal Reserve chairman.
In late trading Saturday, bitcoin, the world’s largest cryptocurrency by market value, sank below $79,000, down 6.1%. Ethereum slid about 9% to $2,445.31, while Solana lost 9.9% at $105.50.
The slide in crypto comes in the wake of Trump’s selection of Kevin Warsh to lead the Fed, which bolstered the U.S. dollar as it eased concerns about the central bank’s independence. Dollar strength may reduce…
