Crypto traders rush to hedge after bitcoin drops below $80,000: Crypto Markets Today

May 8, 2026 - 12:15
Crypto traders rush to hedge after bitcoin drops below $80,000: Crypto Markets Today
Bitcoin BTC$80,209.47 tumbled back below $80,000 late Thursday after the U.S. launched fresh airstrikes in Iran, causing brent crude oil to briefly top $100 per barrel before giving back a portion of gains during Asia and European hours. The crypto market was already slightly jittery after Strategy chairman Michael Saylor said that the company would...

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