Bitcoin Falls Below $80,000 Again Nine Days Later: What’s Behind the Drop?

The expected recovery in Bitcoin did not materialize, and sales today pushed the price below a critical threshold. BTC fell below $80,000 for the first time since October 15th, returning to the area it tested nine days ago. According to the data, the lowest level recorded during the day was approximately $79,165. At the time of writing, Bitcoin was trading at around $79,650 according to CoinGlass data, with a loss of nearly 2.5% in the last 24 hours.