Bitcoin Falls Below $80,000 as Solana Drops 5% Amid Trump-Xi Taiwan Tensions

Bitcoin slipped below the important $80,000 level on Thursday as rising inflation concerns and fresh geopolitical tensions between the United States and China weighed on investor sentiment.

$BTC traded near $79,400 during Asian trading hours, down 2.3% over the past 24 hours. The decline pushed Bitcoin below the price range that had acted as support for much of the previous week, increasing concerns about short term market weakness.

Solana recorded the biggest losses among major cryptocurrencies, falling 5.6% to around $90 and erasing much of its recent gains. Ether dropped 2.1% to nearly $2,250, Dogecoin stood out as the only in positive territory, rising 0.9%.

Trump-Xi Meeting Raises Market Concerns

Market pressure increased during the high-profile meeting between US President Donald Trump and Chinese President Xi Jinping in Beijing. During talks, Xi reportedly warned of possible “collision or even clashes” if Taiwan related issues are mishandled, raising concerns among global investors.

The comments unsettled financial markets, with Asian stocks turning volatile after early gains.