Crypto slide worsens with Bitcoin dropping below $82,000, the weakest point since mid-April

Bitcoin’s price briefly dropped to $81,871.19 early on Friday before settling at around $82,460, falling around 10.2% in the past 24 hours.

As a result of the nearly month-long selloff, bitcoin’s price is 10% below what it was at the start of the year, as it has wiped out a majority of the gains it made since President Donald Trump’s election win last year.

Bitcoin last slipped below $82,000 in April—dropping as low as $75,000—amid a broader market selloff triggered by the sweeping tariffs announced by Trump at his so-called “Liberation Day” event.

Citing data from Deribit, the Coinbase-owned crypto options and futures market, Coindesk reported that traders are readying for the token to drop further in price.

The price of Ether—the world’s second most valuable cryptocurrency by market cap—dropped below $2,740, down more than 9.6% in the past 24 hours. Other major cryptocurrencies have also been hit, with the prices of XRP, Binance’s BNB and Solana’s SOL falling 9.1%, 8.4% and 10.6%, respectively, over the past day. Dogecoin, the biggest meme token in the crypto market, is down 10.3% in the past day.