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Bitcoin falls below $80,000 amid Middle East tensions and $670M crypto liquidations

Market News
24 Oct 2026
Cointribune
View Source
Bearish
Bitcoin falls below $80,000 amid Middle East tensions and $670M crypto liquidations

Bitcoin dropped to about $79,750, its lowest in nine days, driven by geopolitical tensions in the Middle East, weak weekend liquidity, and large crypto liquidations totaling nearly $670 million in 24 hours. This decline also dragged major altcoins down, with Ether, XRP, and Solana all falling significantly. The U.S. State Department's security measures and fears of conflict escalation have increased market uncertainty, while rising oil prices and bond yields add pressure on crypto assets. Bitcoin's ability to reclaim $80,000 is crucial for market stability, but ongoing geopolitical and economic factors may keep the rebound fragile.

Bitcoin's recent price drop to around $79,750 provides context for Pluang's cryptocurrency market snapshot. For readers following crypto assets, here is Pluang's market data as of Oct 25, 2026 00:21 WIB: out of 50 major cryptocurrencies priced on Pluang, 4 rose and 45 fell today. Notable movers include ENJ (Enjin Coin) down 7.56% to Rp448 with 100% sell order activity, VET (VeChain) down 7.15% to Rp122 with 68% sell order activity, and ATOM (Cosmos) down 6.89% to Rp29,401 with 56% sell order activity.

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