Update
Bitcoin Price Drops Below $80,000 Amid Liquidations
Bitcoin's price dropped below $80,000 on Saturday, touching its lowest point in over a month. The weekend selloff was fueled by hundreds of millions in liquidations by leveraged traders. Bitcoin's price has since fluctuated, trading between $79,400 and $79,700. Critic Peter Schiff warned that the next target for Bitcoin could be $75,000, especially for ETF investors who cannot sell until Monday.