Bitcoin Slides Below $69K as Iran Strike Deadline Looms
BeInCrypto
Bitcoin dropped to $68,500 as geopolitical tensions over a potential strike against Iran triggered a market-wide shift toward safe-haven assets.Summary
Bitcoin fell approximately 2% to $68,500 on Tuesday, erasing previous gains as rising geopolitical tensions involving a potential military strike against Iran dampened investor risk appetite. Markets reacted with caution, leading to a surge in oil prices and gold, while crypto assets experienced downward pressure.
The decline follows a failed attempt to sustain a rally above $70,000, a level that has consistently acted as a resistance point due to thin liquidity and recurring profit-taking. Investors remain wary of potential disruptions to energy supply routes in the Strait of Hormuz, which continues to drive volatility across global financial markets.
(Source：BeInCrypto)