Bitcoin price drops under $78,000 for the first time since May
Bitcoin fell below $78,000 for the first time since the start of May, driven by geopolitical headwinds and concerns over US bond markets.
The cryptocurrency circled $78,000 on Saturday, with support weakness pointing to potential further declines to $75,000.
Oil-supply woes and existing nerves over US bond markets have added to headwinds for risk assets, with the US-Iran war also a concern for traders.