Bitcoin Price Volatility on the Rise Amid Global Market Turmoil

The recent US airstrikes in Iran have triggered a sharp reaction across global markets, causing the price of Bitcoin (BTC) to slip below $80,000. This development has added to the market's existing cautiousness, which was already evident due to various factors.

One such factor is Michael Saylor's statement on considering selling BTC to meet dividend obligations tied to the company's STRC offering. This shift in stance from a long-standing 'never sell' position has raised concerns among investors.

In related news, CME Group is set to launch bitcoin volatility futures on June 1, subject to regulatory approval. This product will enable traders to hedge or speculate on the intensity of BTC price movements rather than just its direction.