Bitcoin price news: What next as BTC plunges under $81,000

Bitcoin fell below the $81,000 mark on Saturday, extending weekend weakness as thin trading volumes amplified selling pressure. Traders cited several factors contributing to the decline, including geopolitical tensions following reports of an explosion at Iran’s Bandar Abbas port, which heightened concerns over Middle East stability. Additionally, a brief U.S. federal government shutdown over funding issues added to macro uncertainty. Crypto-specific pressures, such as negative flows into spot bitcoin ETFs this week and the unwinding of leveraged positions, compounded the situation. Bitcoin is currently rangebound, with the $80,000–$82,000 zone being watched closely for potential demand or further downside if weekend selling continues.

(Source：CoinDesk)