Bitcoin price news: What next as BTC plunges under $80,000

Bitcoin fell below $80,000 on Saturday, extending its weakness as traders remained defensive amid geopolitical headlines, U.S. political uncertainty, and lingering crypto market unease. The drop was amplified by thin weekend trading volumes, making prices vulnerable to abrupt moves. Risk sentiment worsened following reports of an explosion at Iran’s Bandar Abbas port and former President Trump's provocative social media posts regarding the Islamic Revolutionary Guard Corps (IRGC), heightening tensions between Tehran and Washington. Furthermore, a brief federal government shutdown in the U.S. added to macro concerns. Crypto-specific factors, including negative flows into spot bitcoin ETFs this week and the unwinding of late-year leverage, compounded the pressure. Traders are currently watching if the $80,000–$82,000 range will attract new demand or lead to further declines if weekend selling continues.

(Source：CoinDesk)