BTC falls 2.3% to $79,200 after Xi’s Taiwan warning and inflation concerns trigger risk-off sentiment in markets.
Bitcoin dropped below $80,000 to $79,200, down 2.3% in 24 hours, as geopolitical tensions and back-to-back inflation surprises pressured risk assets. The decline followed Chinese President Xi Jinping’s warning to Donald Trump over Taiwan, adding to market uncertainty during the U.S. leader’s visit to China.
The $80,000 level had acted as support for most of the past week, but BTC broke lower amid broader crypto declines. Solana led losses with a 5.6% drop to $90, while Ether fell 2.1% to $2,250. Only Dogecoin posted modest gains, as traders eyed $78,000 as the next key support for Bitcoin.
Asian equity markets also faced volatility, though AI-linked tech shares and companies like Cisco outperformed. The pullback reflects heightened caution among investors amid mixed economic signals and geopolitical risks.