Bitcoin Dropped Below 81,000 Dollars

The Decline in Bitcoin is Impactful

Bitcoin has fallen below the 81,000 dollar level during low-volume weekend trading, extending its period of weakness. The decrease in investors' risk appetite has reduced interest in cryptocurrencies.

Geopolitical tensions, such as an explosion at the Bandar Abbas port in Iran and the temporary shutdown of the United States government, have kept investors away from riskier assets. This situation has negatively affected the cryptocurrency market environment.

Specific pressures on Bitcoin, combined with negative spot Bitcoin Exchange-Traded Fund (ETF) flows, ongoing liquidity reduction, and conflicts within the industry, have caused Bitcoin to remain trapped in a narrow range between 80,000 and 82,000 dollars, exposing it to further downside risks.