$BTC and the broader crypto market moved lower today as rising geopolitical tensions, security fears, and weak technical signals pressured sentiment.

Bitcoin slipped below $75,000, while total crypto market capitalization dropped to around $2.4 trillion. Among the biggest losers were $AAVE , $SIREN , Memecore, Zcash, and Mantle.

The main trigger is renewed tension between the U.S. and Iran. Markets had rallied earlier on hopes of easing conflict and a reopening of the Strait of Hormuz, but fresh disputes and shipping disruptions revived fears of higher oil prices and global volatility.

Another factor is growing concern over market manipulation, especially after RaveDAO surged from under $1 to $28 before crashing back below $1. Investigators raised questions about suspicious activity linked to major exchanges, increasing caution across speculative altcoins.

The market is also reacting to a sharp rise in DeFi hacks. Reports say over $600 million has been stolen this month, including a major exploit involving Kelp. Panic selling followed, with billions reportedly withdrawn from Aave’s ecosystem.

From a technical perspective, Bitcoin is still trading within a bearish flag pattern on higher timeframes, leading some traders to worry that the recent rebound may have been a bull trap.

For now, crypto markets remain under pressure as investors watch geopolitics, security risks, and Bitcoin’s next key support levels.

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