Bitcoin dips to $79,000 amid renewed geopolitical tensions

2049.news · 08.05.2026, 07:15:03

Bitcoin dips to $79,000 amid renewed geopolitical tensions


Bitcoin fell to $79,000, representing a 1.6% decline over the past 24 hours while remaining up 3.3% on the week.

Market moves and altcoin performance

Ethereum lost 2%, slipping to $2,278 as several large-cap tokens also showed intraday declines.

  • XRP dropped 1.7% to $1.38.
  • BNB eased by 0.7% to $638.
  • Solana and TRON remained positive at $88.14 and $0.3474 respectively.
  • The largest intraday loser was Dogecoin, down 3.8% to $0.1063.

Notably, Dogecoin was the only major coin showing a weekly decline among large-cap tokens, while most assets kept weekly gains.

Geopolitical background

Market selling coincided with renewed military action: U.S. forces struck targets in Iran following attacks on American warships in the Strait of Hormuz.

«a light slap»

— said Trump. He also confirmed that the ceasefire

«is in effect»
.

Commodities reaction

Brent crude rose by 1.2% in intraday trading, reaching approximately $101 per barrel, reflecting concerns about regional supply risks.

Overall, crypto markets showed mixed intraday dynamics amid geopolitical developments, with Bitcoin retreating modestly while several altcoins either declined slightly or held gains.


Related posts

KelpDAO $293 Million Exploit: Attacker Lost Funds After Liquidation
Solana and Google Cloud Launch Infrastructure for AI Agents
Scroll down to load next post