Bitcoin slid toward $81,000 on Saturday as thin weekend liquidity magnified selling pressure, with traders pointing to Middle East tensions, U.S. political risk and lingering crypto-specific uncertainty
What to know:
1.Bitcoin slipped below $81,000 in thin weekend trading, extending a bout of weakness as risk appetite faded.
2.Geopolitical tensions, including an explosion at Iran’s Bandar Abbas port and a brief U.S. government shutdown, pushed investors away from riskier assets like cryptocurrencies.
3.Crypto-specific pressures, from negative spot bitcoin ETF flows to ongoing deleveraging and industry infighting, have left bitcoin rangebound around $80,000 to $82,000 and vulnerable to further downside.
Bitcoin fell below $81,000 on Saturday, extending price weakness into the weekend as traders stayed defensive amid geopolitical headlines, political uncertainty in the U.S. and lingering unease across crypto markets.The world’s largest cryptocurrency fell as much as 2.2% over the past 24 hours, per CoinGecko data. Trading volumes thinned into the weekend, a setup that often leaves prices more vulnerable to abrupt moves.