Morning Minute is a daily newsletter written by Tyler Warner.
The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt
And check out our daily news show ‘FOMO HOUR’ covering all of the top stories and market action. GM! Today’s top news: – Crypto majors cool over the weekend; BTC at $80.2k – BTC ETFs close week with $300M net inflows despite outflows Thurs+Fri – Solana trading bot Bloom was exploited for $947k; team promising reimbursement – Big week ahead with RH earnings Tues, FOMC Weds and Q3 GDP + PCE data – Pump announced a $2.5M Squads competition kicking off today and running 2 weeks Bitcoin Breaks Below $80,000 as Iran Fears Hit the Weekend Bitcoin slid below $80,000 this weekend after the Wall Street Journal reported Saturday that the U.S. is rapidly evacuating personnel from embassies and military bases across the Middle East.
In a Friday memo to Secretary of State Marco Rubio, Director of National Intelligence Jay Clayton wrote that “Iran has substantially increased efforts to target U.S. personnel.” The evacuations go well beyond earlier reports of diplomatic staff being pulled from Saudi Arabia. BTC currently sits at $80,160, down 2.4% on the week. Ethereum fell 3.8% to $2,322, Solana 3.2% to $101 and the broader CMC20 index is off 2.3%.