Bitcoin drops below $80,000 amid escalating Middle East tensions

Bitcoin fell below $80,000 this weekend after the Wall Street Journal reported that the U.S. is rapidly evacuating embassy and military personnel across the Middle East. The move follows a Friday memo from Director of National Intelligence Jay Clayton warning that Iran has substantially increased efforts to target U.S. personnel. BTC was last trading around $80,160, down 2.4% on the week, while Ethereum and Solana also declined over 3%. The broader crypto market saw significant losses, with Dogecoin down 22.3% over 30 days, though Zcash and Monero posted gains.