Bitcoin slips below $80,000, eyes key support at $76,300 after weekend dip

Bitcoin fell below the $80,000 mark during the weekend, briefly declining to $79,621 before managing a modest rebound to trade just over $80,000 on Monday. The move deepened an ongoing bearish trend that has dominated the cryptocurrency market, with selling pressure continuing for a third consecutive week. BTC is currently trading around $80,044, reflecting a modest recovery from its recent lows but still facing significant headwinds. Ethereum has also slipped and is now trading close to $2,321, while XRP has retreated to about $1.28. This widespread decline has left buyers struggling to regain control of the market, making recovery attempts appear tentative and fragile. Technical indicators suggest that Bitcoin’s recent attempts at recovery remain vulnerable.

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