Bitcoin Holds Above $80K After $79.7K Low on US-Iran Tensions

Bitcoin is holding above $80,000 on May 8 after sliding to $79.7K lows amid renewed U.S.-Iran military standoff and oil shocks above $100/barrel. The price milestone rally began May 4 breaking $80K on Trump's Project Freedom de-escalation, surged past $81K May 5, peaked at $82,833 May 6 with peace talks and $467M ETF inflows liquidating $550M shorts, and touched $83K May 7 post-NY Fed inflation data. Iran's new Strait rules reversed gains with $300M-$550M liquidations, but BTC retests support amid SEC tailwinds and fading risk-off flows.