Bitcoin Price Crashes to $75,000 Range As Broader Crypto Market Sells-Off
Bitcoin plunged to nearly $75,000 amid a sharp, high-volume sell-off that broke key support levels and triggered widespread liquidations.Summary
The price of Bitcoin experienced a sharp, high-volume sell-off, crashing to nearly $75,000, marking its lowest point since April 2025 and erasing over 10% from recent highs. This decline, described as a deleveraging event, saw BTC fall from a 24-hour high of $84,356 to a low of $75,644 after failing to hold support near $82,500. The move broke a rising trendline and slipped decisively below the 50-day exponential moving average. Despite the drop, on-chain data indicated a surge in new Bitcoin addresses, and BTC held up relatively better than gold during the same period of volatility. The sell-off occurred as the U.S. government entered a partial shutdown due to a Congressional impasse over funding. At the time of writing, Bitcoin was trading around $77,825, with downside risk remaining elevated until it reclaims the $82,000 to $84,000 resistance zone.
(Source：Bitcoin Magazine)