Bitcoin price threatens $75K loss as US-Iran peace progress sparks new stocks records Bitcoin disappointed bulls by dropping below $75,000 on Iran peace deal reports while US stocks hit new all-time highs and oil saw one-month lows on Hormuz hopes.
Bitcoin (BTC) fell back below $75,000 at Wednesday’s Wall Street open as relief over a US-Iran peace deal bypassed crypto
Key points: – Bitcoin continues to diverge from US stocks despite good news over the US-Iran war. – BTC price action instead trends lower with oil amid improving odds of the Strait of Hormuz reopening. – Bitcoin traders see little reason to avoid new local lows nearer $70,000 next. BTC price falls with oil as Iran peace deal details emerge Data from TradingView showed BTC/USD down by up to 1.2% on the day, targeting week-to-date lows. BTC/USD one-hour chart.