Bitcoin Price Drops Below $80,000 Amid Escalating U.S.-Iran Geopolitical Tensions

The price of Bitcoin (BTC) has experienced a sharp decline, falling below the key psychological level of $80,000. This market movement is primarily attributed to heightened geopolitical risks stemming from escalating tensions between the United States and Iran. Investors are rapidly moving towards traditional safe-haven assets, leading to increased selling pressure on risk-sensitive assets like cryptocurrencies. Market analysts note that such geopolitical events typically trigger short-term volatility across global financial markets, with digital assets often being among the first to react. The current correction underscores the crypto market's ongoing sensitivity to macro-economic and geopolitical news. Traders are advised to monitor the situation closely, as further developments could lead to continued price fluctuations in the Bitcoin market.