The price of bitcoin fell about 10% over the past week.

Bitcoin fell below $73,000 on Tuesday as investors sold the asset to hedge against heightened geopolitical and economic uncertainties.

The bitcoin price has plummeted under the closely-watched $80,000 per bitcoin level, sparking fears that a full-blown bitcoin and crypto crash could be looming.

This surge in demand for lower-strike puts contrasts with the post-Trump-election pattern of enthusiasm for high-strike calls.

A risk-off mood swept through markets Tuesday as stocks stumbled and bitcoin slumped to its lowest level since November 2024.

Fears have been swirling for years that the era of U.S. dollar reserve currency status could be coming to an end, with the turmoil triggered by U.S. president Donald Trump’s global trade tariffs and the rise of China as a economic challenger to the U.S. stoking those fears.

Marginally good news and big bitcoin purchases have yet to move the cryptocurrency in a meaningfully positive direction.

The Bitcoin price attracts attention from analysts and traders who watch its moves on crypto exchanges. Researchers usually point to a few factors that move the coin’s price through different cycles. The key drivers include supply limits, market demand, macroeconomics, and market behaviors.

Bitcoin sees worst crash since November 2024.

After having climbed roughly 7% to above $79,000 from its panickly weekend lows near the $74,000 mark, bitcoin (BTC) is again giving ground during morning U.S. trade. Bitcoin was recently changing hands at $77,