Bitcoin: Trump-Iran Tensions Send BTC Below $80,000
Image: Cointribune
Bitcoin plunged to $79,220 on Binance this Saturday, October 24, before rebounding around $80,200. New threats from Donald Trump against Iran and the evacuation of American personnel in the Middle East accompanied this drop. The crypto market recorded about $841 million in liquidations over 24 hours, including $697 million in long positions. Bitcoin also remains below its 50-day moving average. Saturday was a particularly volatile day for Bitcoin. On Binance, BTC touched 79,220.74 USDT on the BTC/USDT pair between 3 and 4 p.m. UTC. It then recovered some of its losses to return around $80,200, a rebound of over 1% from its low point. A few days earlier, Bitcoin was still holding despite over a billion dollars entering ETFs in three sessions. The context changed on Friday.
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