#bitcoin-price-volatility

#bitcoin-price-volatility

Bitcoin fell below $80,000 on May 7, erasing weekly gains after reaching $82,833, with $270 million in liquidations triggered by volatility and geopolitical tensions over Iran rejecting U.S. peace proposals.

Bitcoin stabilized around $70,000 after Middle East tensions and oil price surges triggered volatility, with on-chain data revealing a dense ownership cluster between $60,000-$70,000 forming key support.