# BitcoinFallsBelow80K

After days of gains, the crypto market saw a broad pullback on May 7. Bitcoin fell below the 80 , 000 m a r k , d r o p p i n g o v e r 2 80,000mark,droppingover279,800. Ethereum, Dogecoin, and other major coins also declined. Coinglass data shows over 100,000 traders were liquidated in the past 24 hours, totaling $341 million, with long positions accounting for nearly 75%. The pullback was driven by renewed Iran-U.S. tensions and delayed rate cut expectations, with geopolitical risk and tightening macro liquidity weighing on the market.