Bitcoin slides under $80,000 amid Iran tensions, fragile crypto market liquidity — TradingView News
Bitcoin fell sharply in early Saturday afternoon trading in New York, sliding below the $80,000 mark to levels last seen in April 2025, as geopolitical shocks and fragile market structure combined to accelerate losses.
Geopolitical shock hits risk appetite
The move extended a drawdown that has now wiped more than 30% off the value of the world’s largest cryptocurrency, with trading conditions exacerbated by thin weekend liquidity and limited buying interest.
The selloff gathered pace as broader risk sentiment deteriorated following reports of an explosion at Iran’s Bandar Abbas port, a critical shipping hub on the Strait of Hormuz that handles about a fifth of the world’s seaborne oil.
Tensions escalated further after Donald Trump…
