Bitcoin (BTC-USD) lost ~8% in afternoon trading on Saturday to reach below $80K, the lowest level since April 2025, as the world’s largest cryptocurrency headed to record its fourth consecutive monthly drop.
The token traded around 78,159.82 at midday trading in New York, while other cryptocurrencies also recorded steep declines. Solana (SOL-USD) and Dogecoin (DOGE-USD) have each dropped ~13% to reach $102.87 and $0.10, respectively, and Ripple (XRP-USD) has fallen ~10% to hover at $1.56.
Amid the selloff, the total crypto market cap has slid ~4% to stand below $2.8T, while Bitcoin (BTC-USD), the first-ever cryptocurrency, has slipped behind Tesla (TSLA) to become the world’s 12th-largest asset by market cap, according to data from CoinGecko.
However, with a Strong Buy recommendation, SA Investing Group Leader James Foord remains bullish. “Ultimately, I think we could very well see a rotation into Bitcoin. It’s happened before, there are fundamental reasons to support this, and the technicals also line up,” Ford wrote in a recent article.
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 bitcoin’s appeal among investors as an alternative currency.
If confirmed by the U.S. Senate, Warsh would replace sitting Chairman Jerome Powell. Powell’s current term as chair ends in May. Trump has criticized Powell — particularly about his unwillingness to reduce interest rates — almost since the Fed chair took the job in 2018.
The slide in crypto is the latest blow to retail investors, who were buffeted by a sharp selloff in spot silver on Friday, the worst day for the market since March 1980.
Spot silver was down 28% at $83.45 an ounce, trading near its lows of the day. Silver futures plummeted 31.4% to settle at $78.53.
Kevin Warsh, President Donald Trump’s pick as the next Fed chair, is a central bank veteran, serving during the critical period of 2006 to 2011 that led up to and ultimately through the global financial crisis and the central bank’s efforts to stabilize the economy.
Trump cited Warsh’s extensive background in announcing his appointment to the top Fed post Friday morning. “On top of everything else, he is ‘central casting,’ and he will never let you down,” Trump said.
But if Trump thinks Warsh will be able to just push through aggressive rate cuts with ease, he might be in for an unpleasant surprise.
#A comprehensive analysis published by Our Crypto Talk reveals that decentralized social media (SocialFi), one of the most ambitious trends of 2023–2024, has effectively come to an end by 2026.
According to the analysis, the majority of SocialFi platforms have either been completely abandoned, acquired, or become functionally irrelevant. Most tokens associated with the sector have lost over 90% of their value, with some projects experiencing a loss as low as 99%. Examples of altcoins cited include FRIEND, DEGEN, CYBER, RLY, and DESO.
According to Our Crypto Talk, much of the participation in the SocialFi ecosystem was fueled not by genuine community need, but by speculative capital, bot-based reward collection, and short-term trading. When incentives diminished, users quietly abandoned the platforms. The analysis interprets this as a clear distinction between “usage” and “financial activity.”
yesterday was one of the great lessons for me that you can't rely on others.i bought a funding pips master account.my position was open from yesterday so i thought that during news time it Won't affect my account but after the usd flash manufacturing pmi news suddenly i got gmail txt that you can't trade during news.fun part is this i still don’t Know that my account got suspended cause i was on my duty🤧 after i came home i see everything.it was my falut also that i hold my trade during news time but if i use that account buing money on this binance account i can easily hold trade as long as i want.anyway i will get capital Again next month but i Won't do the same mistake... May God Bless Me #XAUUSD
Bitcoin And Altcoins Breakout As Stock Market Momentum Fades: BTC, ETH And SOL Outlook" discusses the recent strong rebound of cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) as they decoupled from a cooling stock market.
Article Summary
Decoupling from Stocks: Cryptocurrencies, which historically have acted as a leading, risk-on indicator, are showing renewed strength even as traditional stock markets like the S&P 500 lose momentum or consolidate near all-time highs.
Crypto Market Performance: Digital assets are back in a "bull mode" after a 1.5-month consolidation period where major tokens experienced significant corrections (Bitcoin corrected by 36% in the recent past).
Outlook: The analysis, provided by Elior Manier from MarketPulse by OANDA Group, suggests this breakout could lead to a broader catch-up rally for the crypto market, with Ethereum and Solana facing key tests for a general market rally.