Crypto Market Faces Extreme Fear as Bitcoin Holds Support Above $78K

The assessment that the statement is 'likely_true' is based on a strong consensus among multiple highly authoritative and relevant sources. The evidence directly supporting the claim is specific and consistent. A source from Statista explicitly states that Bitcoin's price exceeded $78,725.86. This is corroborated by a Bloomberg article which mentions a record price far exceeding the stated threshold, at over $126,000. Furthermore, a Reuters report confirms that the price had been above $80,000 before it began to decline, which logically supports the claim it was also above $78,000. Several other sources, such as Investing.com and Trading Economics, are primary data portals that would allow for direct verification of these claims, lending further weight to the evidence. The few sources that do not support the claim are either irrelevant to the specific price point (e.g., discussing market volatility or liquidations in general) or have extremely low relevance, such as a source explicitly about Dogecoin, not Bitcoin. Therefore, the overwhelming weight of credible evidence confirms that Bitcoin's price has been above $78,000.