‘This is absolutely INSANE’: Bitcoin’s weekend crash exposes the cracks beneath crypto’s latest boom
‘This is absolutely INSANE.”
While the comment came from a social media post, the painful knee-jerk reaction is likely reverberating across the board for anyone even remotely interested in crypto, as bitcoin just plunged to near $77,000 on Saturday and has held there since.
The price of the largest digital asset didn’t just stumble; it plunged through the $80,000 floor, hitting levels not seen since the “tariff tantrums” of April 2025.
By Saturday afternoon, in thin weekend liquidity, at just above $77,000, bitcoin had seen a staggering $800 billion in market value vanish since its October peak above $126,000, and about $2.5 billion in leveraged long positions liquidated in 24 hours.
The wipeout has even pushed bitcoin out of the global…
