Bitcoin's price fell below $80,000 as U.S. airstrikes on Iran led to increased market volatility and a risk-off sentiment among investors. The geopolitical tensions contributed to a rise in oil prices, further impacting the crypto market. The futures market saw a 1.5% decrease in open interest, with liquidations reaching nearly $300 million. Traders shifted towards protective BTC put options, reflecting cautious sentiment. While major cryptocurrencies and memecoins struggled, DeFi tokens showed resilience, with ONDO gaining over 8% due to its role in cross-border U.S. Treasury redemption transactions involving JPMorgan, Mastercard, and Ripple.