Bitcoin Price Slides Below $68,000 as Trump, Iran Tensions Rattle Markets
By Micah Zimmerman
Bitcoin's price slid below $68,000 on Tuesday as geopolitical tensions escalated between U.S. President Trump and Iran, prompting risk aversion across global markets and erasing prior gains above $70,000. The cryptocurrency dropped up to 2.2% intraday, behaving increasingly like a macro-sensitive asset amid uncertainties over the Strait of Hormuz. Analysts warn that a break below $68,000 could trigger automated dealer selling and a self-reinforcing downside loop due to short gamma positions.
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