Bitcoin Slides Again as Iran War Jitters Hit BTC, Risk Assets

Bitcoin dropped 2.3% to around $68,100 after briefly touching $70,000, driven by Iran war fears and risk-off sentiment across global markets. The decline reflects broader cryptocurrency weakness as investors rotate into safe havens like gold amid geopolitical tensions and concerns over higher oil prices and persistent inflation.

• →Bitcoin fell 2.3% from above $70,000 to $67,834 before stabilizing around $68,100 due to Iran war jitters.
• →The decline was part of a broader risk-off move affecting Ethereum, Solana, and other major cryptocurrencies.
• →Geopolitical tensions involving US and Israeli airstrikes on Iranian nuclear sites triggered classic flight-to-safety flows.
• →Iran situation raises fears of higher oil prices and stickier inflation, potentially keeping interest rates elevated longer.
• →Short-term holders above $70,000 face potential forced selling, while long-term holders remain in profitable territory.