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Bitcoin broke below $80,000 as Middle East evacuations hit the weekend tape. $BTC is $80,160, down 2.4% on the week, while $ETH and $SOL fell 3.8% and 3.2%. The tell: BTC ETFs still pulled $300M net i
Bitcoin breaking below $80,000 on Iran fears drives this high score.
Context
What happened: Bitcoin slid below $80,000 over the weekend after the Wall Street Journal reported the U.S. is evacuating personnel from embassies and military bases across the Middle East, citing a memo warning of increased Iranian efforts to target U.S.
Why it matters: The majors around Bitcoin average down 16.5% over 30 days, more than three times Bitcoin's decline, while privacy coins gained as governments evacuate people. The week ahead includes FOMC, ECB and Bank of Japan decisions, Q3 GDP and PCE data, and Robinhood earnings on Tuesday.
What changed
Bitcoin slid below $80,000 over the weekend after the Wall Street Journal reported the U.S. is evacuating personnel from embassies and military bases across the Middle East, citing a memo warning of increased Iranian efforts to target U.S.
Why it matters
The majors around Bitcoin average down 16.5% over 30 days, more than three times Bitcoin's decline, while privacy coins gained as governments evacuate people. The week ahead includes FOMC, ECB and Bank of Japan decisions, Q3 GDP and PCE data, and Robinhood earnings on Tuesday.