Bitcoin drops below $80,000 as 335,000 new addresses rush to buy

Bitcoin fell below $80,000 for the first time since April 2025 and was trading near $78,000 at the time of writing, BeInCrypto reported.

BeInCrypto said Bitcoin’s loss was smaller than gold’s over the same stretch: between Thursday and Friday gold plunged nearly 10% while Bitcoin declined about 5.6%, highlighting relative demand for BTC during the pullback.

On-chain data cited by BeInCrypto and Glassnode showed roughly 335,772 new Bitcoin addresses created in the previous 24 hours — a two-month high and the largest daily increase since November 2025 — as the price dipped toward $81,000, suggesting fresh participants viewed the move as an entry opportunity.

The outlet flagged technical risks: doji candles, a lost 20-day EMA and a rising wedge, plus a breakdown from a broadening ascending wedge that projects a 12.6% decline targeting about $75,850. Bitcoin also lost the $82,503 support level, confirming short-term bearish momentum.

BeInCrypto noted scenarios to watch: reclaiming $87,210 would signal renewed buyer confidence, while a break of current support could push BTC toward $78,763 or lower — with further downside risks toward roughly $75,895–$77,000 if miner selling rises and long-term buying slows.

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