Bitcoin Slips Under $77,000 Amid Strong Dollar, Fed Nomination and Silver Market Shock

Cryptocurrency markets weakened sharply on Saturday, with Bitcoin sliding below the $77,000 level, extending losses amid growing pressure from macroeconomic and cross-market turbulence. The decline reflects a broader risk-off sentiment that has impacted digital assets alongside commodities and equities.

Source: Chatgpt

A major catalyst behind the sell-off has been the renewed strength of the U.S. dollar, which gained momentum after U.S. President Donald Trump named Kevin Warsh as his choice for the next Chairman of the Federal Reserve. The nomination fueled expectations of a more hawkish monetary policy stance, reducing investor appetite for speculative assets such as cryptocurrencies. At the same time, retail investors were hit by a sharp collapse in silver prices on Friday, marking the metal’s worst single-day sell-off since March 1980. The sudden plunge triggered margin calls and forced liquidations across multiple asset classes, spilling over into crypto markets and intensifying selling pressure.

Bitcoin’s decline was accompanied by broader weakness across the digital asset space, with major altcoins also recording steep losses as leveraged positions were unwound. Analysts noted that the combination of a stronger dollar, shifting Federal Reserve expectations, and extreme volatility in traditional safe-haven assets created a challenging environment for risk assets. A2ZCrypto OTC Desk offers secure, high-volume crypto trades with competitive pricing, deep liquidity, and dedicated support for institutions and HNIs.

Conclusion

The latest sell-off highlights how deeply cryptocurrency markets remain intertwined with global macroeconomic forces. While Bitcoin has often been viewed as an alternative asset, periods of financial stress continue to show its sensitivity to currency strength, monetary policy expectations, and sudden shocks in traditional markets. As investors navigate ongoing volatility, market participants will be closely watching whether Bitcoin can establish a stable support level or if further downside may follow should broader economic uncertainty persist.