Bitcoin’s attempt to reclaim the $80,000 level quickly lost momentum on Monday, with prices sliding back to around $76,600 as geopolitical tensions resurfaced and weighed on risk appetite.
After briefly trading near its highest level since early February during overnight hours, BTC reversed during the U.S. session, falling roughly 1.5% over the past 24 hours. The broader crypto market moved lower as well, with ether (ETH), XRP and solana (SOL) each declining about 3%, while the CoinDesk 20 Index dropped करीब 2%.
The pullback comes as uncertainty intensifies around U.S.-Iran relations and ongoing disruptions in the Strait of Hormuz, a critical route for global oil shipments. Reports suggest Iran has proposed halting attacks on vessels in exchange for broader concessions, including lifting the U.S. naval blockade and delaying nuclear talks. However, negotiations remain unclear after reports that former President Donald Trump canceled plans to send envoys.
Oil prices rose sharply amid the uncertainty, adding pressure to risk assets. Brent crude climbed more than 3% to roughly $107 per barrel, while West Texas Intermediate gained 2.6% to around $97.
In traditional markets, the Nasdaq slipped 0.3% from recent highs, while the S&P 500 was little changed ahead of a key earnings week featuring major tech firms such as Alphabet, Meta, Microsoft and Apple.
Crypto-related equities also came under pressure. Coinbase shares fell about 1.5%, Circle declined 3.5%, and Galaxy Digital dropped nearly 6%.
Despite continued institutional inflows, bitcoin’s underlying structure suggests limited momentum. Bitfinex analysts noted that selling from short-term holders taking profits is offsetting fresh demand from ETF buyers and Strategy (MSTR), effectively capping the rally.
As a result, the near-term outlook points to consolidation. Analysts said bitcoin may continue to trade sideways or even dip toward the $75,000 level unless it can break decisively above $80,000—a move needed to confirm a more sustained bullish trend.
For now, bitcoin remains in a consolidation phase, with macro uncertainty and profit-taking continuing to limit upside.
About The Author
More Stories
Traders in the crypto market are turning wary with Bitcoin losing strength under the $80,000 mark.
The Bitcoin rally appears to be weakening, with key indicators pointing to downside risks.
Uncertainty around the Fed, oil trends, and an AI slowdown are putting bitcoin under pressure.