Bitcoin (BTC) Price Drops Below $80,000, but Buyers Jump in to Stop the Cryptocurrency from Going Under $80,000

Right now, BTC is trading at $85,747.56, a decrease of more than 3% since yesterday, CoinMarketCap data shows. This negative feeling was made stronger by the Fear and Greed Index falling to 10.

Top digital asset Bitcoin (BTC) fell to the $82,000 price level yesterday, but buyers jumped in, stopping the cryptocurrency from going under $80,000.

Currently, BTC is trading at $85,747.56, down more than 3% since yesterday, according to CoinMarketCap data. This negative sentiment was further highlighted by the Fear and Greed Index falling to 10.

Extreme Fear Grips Bitcoin Market

According to alternative.me data, the Bitcoin Fear and Greed Index dropping to 10 signals “extreme fear” among investors.

Interestingly enough, this level of fear is not as high as during the FTX collapse in November 2022, when Bitcoin traded below $20,000.

Even with the current selloff, Rich Dad, Poor Dad author Robert Kiyosaki remained positive on BTC. In an X post, Kiyosaki stated that he sees the current Bitcoin price decline as a buying opportunity rather than a cause for concern.

He furthered that he sees no issues with the top digital asset and views it as a hedge against traditional financial systems, which he claims are full of excessive debt and economic instability.

“When Bitcoin crashes, I smile and buy more. Bitcoin is money with integrity. Our Monetary System is crashing. Can't pay the DEBT. Our financial system is failing. SOS. Smile. Opportunity. Buy Bitcoin. BTC crashes I smile and buy more. Bitcoin has no integrity problems. Our Monetary System and bankers do. America’s bankrupt. Our debt including social programs, such as Medicare and Social Security, and our $36 trillion DEBT is unmanageable. Our financial system is failing. SOS. Smile. Opportunity. Buy Bitcoin,