Late Thursday saw Bitcoin (BTC) fall beneath the $80,000 mark after new U.S. airstrikes in Iran sparked volatility in global markets. Brent crude oil briefly surged past $100 per barrel before easing during subsequent Asia and European sessions.
The crypto sector had been on edge following Strategy’s chairman Michael Saylor announcing a potential sale of Bitcoin to fund STRC dividends, marking a departure from their earlier ‘never sell’ stance. Ether (ETH) is currently at $2,280, having slipped 0.2% since midnight UTC and about 2% over the last 24 hours. Other altcoins such as Monero (XMR) and Dash (DASH) have experienced declines of between 4% and 5%.
While Bitcoin’s broader recovery persists, having climbed from $65,000 in late March, falling below $75,000 would dismantle its recent trend of higher lows and indicate a return to its previous trading range.