Bitcoin Price Crash: Top 3 Reasons Why BTC Price Dropped Below $80,000

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Bitcoin price crashed below $80,000 over the weekend. Oil, ETF outflows and a wave of liquidations explain the move, and the Fed decides this week.$Bitcoin lost the $80,000 level over the weekend and is still fighting to get it back. BTC slid to a low near $79,200 on rising volume, bounced, and was turned away again at roughly $81,000. On Monday morning it hovers just around $80,000, down about 1 percent on the day, while Ethereum, XRP and Solana trade lower too. You can check the latest Bitcoin price on our prices page. The drop is not one single story. Three forces hit the market at the same time.Reason 1: Middle East escalation and a $117 oil spikeThe first blow came from outside crypto. Reports over the weekend said the US and Israel were preparing fresh strikes on Iran, following US evacuations from the region. Brent crude jumped more than 6 percent on Friday to about $117 a barrel and WTI climbed above $103. Expensive oil feeds inflation fears, inflation fears push bond yi...