Bitcoin plummeted to its lowest level in seven months on Friday, extending a brutal November selloff that has wiped out more than a fifth of its value and knocked the world’s biggest cryptocurrency down to the $80,000 range.

The rapid slide has dragged the token roughly 30% below its October record above $120,000 and erased all of its 2025 gains amid waves of forced liquidations and collapsing risk appetite.

Bitcoin briefly fell to about $80,600 before clawing back some losses to trade between $82,900 and $86,000, according to multiple data providers.

The meltdown has vaporized more than $1 trillion in crypto market value since October and triggered more than $21 billion in leveraged liquidations across two major wipeouts that market participants say fundamentally damaged trading condit

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