Bitcoin plunges under $81,000 amid reports of Iran explosions and Binance spat

Bitcoin slid toward $81,000 on Saturday as thin weekend liquidity magnified selling pressure, with traders pointing to Middle East tensions, U.S. political risk and lingering crypto-specific uncertainty. What to know : Bitcoin slipped below $81,000 in thin weekend trading, extending a bout of weakness as risk appetite faded. Geopolitical tensions, including an explosion at Iran’s Bandar Abbas port and a brief U.S. government shutdown, pushed investors away from riskier assets like cryptocurrencies. Crypto-specific pressures, from negative spot bitcoin ETF flows to ongoing deleveraging and industry infighting, have left bitcoin rangebound around $80,000 to $82,000 and vulnerable to further downside.