Bitcoin fell below $69,200, wiping out recent gains after major global tensions escalated.
Key reason 👇
U.S. President Donald Trump issued a 48-hour ultimatum to Iran to reopen the Strait of Hormuz, threatening to strike Iran’s power plants if ignored.
📉 Market reaction:
BTC dropped around 2%+
Over $299M liquidations hit crypto markets
Majority were long positions (bulls got rekt)
🌍 Why it matters:
Rising war tensions → investors move to safer assets
Risk-off sentiment → crypto and stocks both decline
Oil prices surge → adds more pressure to markets
💡 Bottom line:
Crypto is still highly sensitive to macro + geopolitical news — not just fundamentals.
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