Bitcoin continues to react sharply to global political events, and the latest tension between Iran and the United States has created strong volatility across the crypto market.

After reports suggested Iran was unwilling to move forward with a second round of talks with the U.S., investors became cautious. Fear of rising conflict near the Strait of Hormuz increased market uncertainty, causing Bitcoin to briefly fall toward the $71,000 level. Traders viewed this as a risk-off signal, as geopolitical instability often pushes investors away from high-risk assets like cryptocurrency.