Bitcoin Slides Below $80,000 After U.S. Strikes on Iran; Futures Liquidations Near $300 Million

Bitcoin fell through the $80,000 level after fresh U.S. airstrikes on Iran, with higher oil prices weighing on risk appetite across crypto markets. Futures open interest slipped 1.5%, while liquidations climbed to nearly $300 million. In options, positioning shifted toward downside hedges, with increased demand for protective BTC put contracts. Most major tokens and memecoins traded lower, but DeFi names held up better. ONDO gained more than 8% after attention turned to its role in cross-border U.S. Treasury redemption transactions involving JPMorgan, Mastercard and Ripple.