Key Highlights:

• Another Sunday selloff drove Bitcoin (BTC) back to $80K, approaching its low for 2025.
• President Donald Trump acknowledged that his economic policies might inflict short-term discomfort.

It’s yet another Sunday slump for cryptocurrency, with Bitcoin (BTC) likely to challenge its 2025 low around $78,000. At approximately 7:00 PM ET, Bitcoin had plummeted to $80,000, marking a 7% decline within 24 hours. The leading cryptocurrency did manage a slight recovery, trading at $80,700 shortly thereafter. Ethereum (ETH), Solana (SOL), and XRP also experienced declines akin to Bitcoin, while Cardano (ADA) and Dogecoin (DOGE) fell closer to 12%.

“There could be a little disruption,” said U.S. President Donald Trump during a Fox News appearance when discussing the ramifications of his tariff and budget policies. “If you look at China, they have a long-term view … we focus on quarterly results,” he added. “What we are doing is laying the groundwork for future growth.”

Trump’s statements have sparked discussions on social media, likening them to economic strategies previously instituted by former Federal Reserve Chairman Paul Volcker. After taking office in 1979, Volcker aimed to combat inflation by significantly increasing short-term interest rates, leading to a temporary but severe economic downturn.

As the night unfolded, U.S. stock index futures indicated a downward trend, dipping roughly 0.85% across the board.