Bitcoin crashed below $80,000 on Saturday as news of US evacuations in the Middle East rattled weekend markets. Traders now watch one level above all others: can $80,000 hold, or does the sell-off run deeper?
- Bitcoin slid below $80,000 on Saturday, 24 October, under weekend pressure linked to US Middle East evacuations — the first time in more than a month below that level.
- The drop followed a rejection near $85,000 earlier in the week, with sellers in control through Friday and Saturday.
- Altcoins fell harder: Ethereum slipped below $2,400 and XRP lost its $1.30 support level.
The move came in thin weekend trading, when fewer buyers and sellers are active and sharp headlines can move prices fast. After climbing to almost $85,000 on Wednesday, Bitcoin gave back its gains through Friday and Saturday morning, sinking below $80,000 for the first time in more than a month.
Read also: Bitcoin Bleeds Below $81,500 as Tech Stocks Crash — Can $80K Hold?
Geopolitical fear was the trigger, not a crypto-specific failure. When investors worry about a wider conflict, they often sell risky assets first — and crypto, which trades all weekend while stock markets are closed, becomes the first place that fear shows up in prices. That is why Ethereum, XRP and other large altcoins dropped even more than Bitcoin in percentage terms.
What happens next?
Traders will watch whether Bitcoin can climb back above $80,000 and hold it into the new week, or whether sellers push it toward the next support below. Weekend dips can reverse quickly once stock markets reopen, but they can also set the tone for Monday. The next big test for risk markets is the US Federal Reserve meeting on 27–28 October.
Read also: Bitcoin Drops to $81,400 as Chip Stocks Crash — Can $80K Hold?
— Crypto News Daily News Desk
This post is news only, not financial advice. Always do your own research before buying or selling crypto.
Sources: CoinDesk.
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