Bitcoin Drops Below $80,000 in Market Selloff | Crypto Analysis 2026 – News and Statistics
Feb 1, 2026
Bitcoin slid sharply on Saturday, dropping below $80,000 for the first time since April 2025 as persistent selling pressure and a lack of new capital weighed on crypto markets. The information is from a Yahoo Finance report. The world’s largest cryptocurrency fell as much as 10% to $75,709.88 during New York afternoon trading hours on Saturday, extending a drawdown that has now wiped more than 30% off its peak value. Ether declined as much as 17%, while Solana briefly plunged over 17%, showing broad weakness across major tokens.
The selloff erased roughly $111 billion from the total crypto market capitalization in the past 24 hours, according to CoinGecko data. About $1.6 billion in…
