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Bitcoin slips below 80000 as US Iran talks unsettle traders and profit taking accelerates after 37% rally
International
Published on 8 May 2026
It fell below 80000 despite the prior surge
Bitcoin’s momentum stalled, slipping below $80,000 as traders reacted to uncertainties around US-Iran negotiations. After a sharp 37% rally, profit-taking kicked in, cooling sentiment and pushing the market to watch key support levels. With geopolitics still driving headlines, crypto traders are positioning for the next move while managing risk.
- Bitcoin dropped below $80,000 amid US-Iran negotiation uncertainty
- Traders booked profits after a 37% rally cooled momentum
- Market sentiment is now focused on key support levels
- Geopolitics remains a primary driver of short-term volatility
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times