lt’s yet another Sunday selloff in crypto, with bitcoin (BTC) looking set to retest its 2025 low of just about $78,000.

At just past 7:00 pm ET, bitcoin had slumped to exactly $80,000, down 7% over the past 24 hours. Ether (ETH), solana (SOL) and XRP (XRP) were lower by similar amounts, while cardano (ADA) and dogecoin (DOGE) had plunged closer to 12%.

“There could be a little disruption,” said U.S. President Donald Trump in a Fox News appearance on Sunday when asked about the impact of his tariff and budget-cutting policies. “If you look at China, they have a 100-year perspective … we go by quarters,” he continued. “What we’re doing is building a foundation for the future.”

Trump’s comments were dubbed “Volckering” by some on social media — a reference to former Federal Reserve Chairman Paul Volcker. Shortly after being appointed to the position by Jimmy Carter in 1979, Volcker moved to break the back of a decade-long inflation by jacking up short term rates to unheard of levels, knowing that by doing so, the U.S. would surely have to experience a brutal recession.

By the time Volcker had finished tightening policy roughly 18 months later, the Fed funds rate had hit 20% and the economy indeed had gone through a difficult contraction. Inflation, however, was broken and the stage was set for growth throughout most of the following decade.