Cryptocurrency Market Suffers $115B Loss as Bitcoin Tumbles Below $84K, Wiping Out Weekly Gains

Bitcoin Plunges Below $84k After $115b Sell-Off Wipes Out Weekly Gains

March 28, 2025 - In a sudden and dramatic turn of events, the price of bitcoin plummeted below $84,000 yesterday, wiping out the cryptocurrency's weekly gains and leaving investors reeling.

The sell-off, which saw a staggering $115 billion in value erased from the market, was sparked by a combination of factors, including concerns over the global economy, rising inflation and the ongoing impact of the COVID-19 pandemic.

The price of bitcoin, which had been trading steadily above $90,000 just 24 hours prior, began to decline sharply in the early hours of yesterday morning. By mid-morning, the cryptocurrency had fallen below $85,000, sparking a wave of panic selling among investors.

The sell-off was particularly severe among institutional investors, with many large-scale traders and hedge funds reportedly liquidating their positions in the cryptocurrency. This, in turn, triggered a cascade of selling across the broader cryptocurrency market, with many altcoins also experiencing significant declines.

Despite the turmoil, some market analysts are predicting that the sell-off may ultimately prove a buying opportunity for investors. "This is a classic example of a market correction," said one analyst. "The fundamentals of the bitcoin market remain strong, and we expect the price to recover in the coming days and weeks."

For now, however, investors are bracing themselves for further volatility in the cryptocurrency market. As one trader put it, "This is a wake-up call for everyone. The market can turn on a dime, and you always have to be prepared for the unexpected."