Bitcoin falls below $80,000, futures market liquidations reach $300 million
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Bitcoin fell below $80,000 due to the new U.S. airstrikes on Iran, with oil prices rising and triggering risk-off sentiment in the crypto market. Futures open interest decreased by 1.5%, with liquidation amounts nearing $300 million, and options trading shifted towards protective BTC put options. Although mainstream coins and Memecoins performed weakly, DeFi tokens performed well, with ONDO rising over 8% due to its involvement in cross-border U.S. Treasury redemption transactions with JPMorgan, Mastercard, and Ripple.
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