Bitcoin slips to $79,000, DOGE leads majors losses as negative funding rates set 10-year record

Bitcoin pulled back from this week's $81,500 high after U.S. forces fired on Iranian targets, while crypto futures markets logged their 67th straight day of negative funding rates, the longest streak in a decade per K33 Research. What to know : Bitcoin has pulled back from a midweek high above $81,000 amid renewed U.S.-Iran tensions, but it remains higher on the week alongside mostly resilient global risk assets. Funding rates for bitcoin futures have been negative for 67 straight days, creating a powerful setup for a potential short squeeze if prices break above the key $83,200 technical level. While overbought signals and geopolitical risks are prompting caution and hedging in the options market, some analysts still see room for a medium-term move toward $93,000, possibly after another pullback.