Bitcoin Drops Below $80K as Iran Rejects Trump Deal and Traders Dump $91M in Longs

Bitcoin reversed its weekly gains, dropping from a multi-month high of $82,833 to an intraday low of $79,500. The Iran Peace Deal Factor On May 7, bitcoin reversed course, dipping below $80,000 to effectively erase gains made since Monday. As shown by the daily chart, the top cryptocurrency-which reached a multi-month high of $82,833 some []