Bitcoin slips under $80,000 on May 13 as U.S.-led selling builds

Bitcoin (BTC) fell below the $80,000 level on May 13 after repeatedly failing to break above $82,200 over the prior seven days. It was trading around $79,340 at press time, down nearly 3% over the week, while more than $91.5 million in crypto positions were liquidated in the past 24 hours, including over $77.5 million in longs.