U.S.-Iran strikes rattle global markets, send bitcoin to 6-week low
Geopolitical tensions between the U.S. and Iran caused Bitcoin to drop to a six-week low, impacting global markets.Summary
Bitcoin's price fell below $73,000, reaching its lowest point since April 13, as renewed U.S.-Iran hostilities disrupted global markets. The selloff was triggered by U.S. strikes in southern Iran, with Iran's Revolutionary Guards retaliating against an American base and warning of further action. This escalation has diminished hopes for a stable Strait of Hormuz and reduced the perceived odds of a permanent ceasefire. Crypto markets reacted in tandem with other risk assets, with investors closely watching geopolitical developments and upcoming U.S. inflation data. Despite short-term sensitivity to these events, the crypto market is considered structurally resilient due to long-term accumulation and the strength of AI and blockchain narratives.
(Source：CoinDesk)