Bitcoin slips under $80,000 on May 8 as selling rises; $75,000 in focus

Bitcoin (BTC) fell below $80,000 on May 8 after a rejection above $82,850, with spot selling adding pressure. The price was down 1.34% over the past 24 hours to about $79,840, while market capitalization fell by $21.5 billion to roughly $1.6 trillion. Analysts highlighted $75,000 as a key level as short-term holders continue to exit.