Bitcoin retreats below $80,000, liquidating $300 million in futures bets
The story
BTC fell under $80,000 after U.S. strikes in Iran sent oil briefly above $100, triggering liquidations and a shift toward bearish positioning.
From the source
The crypto market was already slightly jittery after Strategy chairman Michael Saylor said that the company would consider selling bitcoin to cover dividend payments from its STRC, a u-turn from its previous "never sell" strategy.
Ether (ETH) is trading at $2,280 having lost 0.2% since midnight UTC and around 2% over the past 24 hours, with other altcoins like monero (XMR) and dash (DASH) losing between 4% and 5%.
The broader crypto recovery remains intact with bitcoin having rallied from $65,000 in late March, although it s worth noting that a drop below $75,000 would negate the recent string of higher lows and would signal a reversion to the pervious trading range.
Who and what
Key names and topics in this story: Bitcoin.
Where to follow next
- Read the full piece at www.coindesk.com
- More from our Crypto & web3 coverage
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