Bitcoin Drops 7% to $80,000 Amid Weekend Volatility

Bitcoin (BTC) experienced a significant drop during Sunday's trading, falling to $80,000. This decline represents a 7% decrease within a 24-hour period, marking a notable shift in the cryptocurrency market. The world's largest cryptocurrency briefly recovered to $80,700 after hitting the $80,000 mark, but the overall trend remained bearish.

The latest drop brings Bitcoin close to its 2025 low of approximately $78,000, continuing a pattern of weekend volatility that has become a familiar sight for crypto investors. This volatility is not isolated to Bitcoin; other major cryptocurrencies such as Ethereum (ETH), Solana (SOL), and XRP also saw similar percentage declines. Cardano (ADA) and Dogecoin (DOGE) experienced even steeper drops, plummeting by nearly 12%.

President Donald Trump acknowledged the potential economic impact of his policies during a recent appearance. He admitted that there "could be a little disruption" from his tariff and budget-cutting measures. Trump compared his approach to China’s long-term planning, stating, “If you look at China, they have a 100-year perspective… we go by quarters.” He emphasized that his administration is “building a foundation for the future.”

Trump recently signed an executive order approving the formation of a national Bitcoin reserve. The reserve will include four altcoins: Ethereum, XRP, Solana, and Cardano. However, the order does not involve new cryptocurrency purchases using taxpayer funds. Instead, the reserve will be formed from crypto assets seized by the government, mainly through the Department of Justice. While Trump instructed his trade and commerce secretaries to explore “budget-neutral” strategies to buy Bitcoin, specific details remain unclear, disappointing many crypto advocates who had hoped for more aggressive government action.

The White House hosted a summit of cryptocurrency executives on Friday, with the Bitcoin reserve being a major focus of discussion. However, the meeting produced few concrete details about Trump’s regulatory plans for the industry. Despite this, Trump has promised crypto-friendly policies throughout his campaign, and several of his key regulatory appointees are known to have pro-cryptocurrency stances.

The cryptocurrency market appears sensitive to economic concerns, including worries about slowing U.S