BTC dropped under $77K as markets reacted to escalating tensions involving Iran and broader macroeconomic uncertainty.
Bitcoin slid below $77K in early trading as renewed geopolitical tensions involving Iran weighed on risk assets. The decline followed reports of heightened regional instability, prompting investors to reduce exposure to volatile assets like cryptocurrencies.
Prior to the drop, BTC had traded near $80K, supported by strong institutional inflows and optimism around U.S. regulatory developments. However, geopolitical risks overshadowed these factors, leading to a sharp pullback in Asian and EMEA markets.
The move coincided with broader weakness in equities and commodities, reflecting a flight to safety amid uncertainty. No immediate recovery was observed in early sessions.