Bitcoin Dips Below $80,000, Smaller Tokens Plunge

By Vicky Ge HuangBitcoin slipped below $80,000 on Sunday afternoon for the first time since March, after holding up surprisingly well during last week's stock-market carnage.The largest cryptocurrency traded around $79,000 as of 5:30 p.m. ET, down about 5% from its level 24 hours ago, according to CoinDesk data.Smaller digital currencies saw steeper declines. Ether, the second-largest token behind bitcoin, tumbled 11% to around $1,590, its lowest level in more than a year. Solana, the native token used on the Solana blockchain, lost more than 10% to $107.Bitcoin prices were little changed after President Trump's tariff announcements last week, prompting some crypto proponents to praise its increasing lack of correlation with traditional assets. In a recent interview with Tucker Carlson, Treasury Secretary Scott Bessent said bitcoin is becoming a store of value.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).