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Bitcoin falls to $76K after Trump says ‘clock is ticking’ for Iran

Cointelegraph
Bitcoin fell to $76,000 as geopolitical tensions between the U.S. and Iran escalated, leading to significant market liquidations.

Summary

Bitcoin dropped to $76,500, marking a three-week low and erasing recent gains, as fresh threats from Donald Trump regarding stalled peace talks with Iran triggered market instability. The volatility resulted in over $607 million in long position liquidations across the crypto market. Analysts warn that if Bitcoin fails to maintain the $76,000 support level, it could face further declines toward $65,000, compounded by rising oil prices and concerns over potential inflation and Federal Reserve policy.

(Source:Cointelegraph)