Bitcoin crashes below $70K as Iran tensions and ETF outflows bite

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Bitcoin (BTC) has dropped below the $70,000 mark on Tuesday after geopolitical tensions flared, triggering a broad risk-off move across financial markets. The leading cryptocurrency by market cap has lost 4% of its value in the last 24 hours and, touching the 69,657 level. The bearish performance was also fueled by Michael Saylor’s Strategy disclosing that 32 BTC were sold between May 26 and May 31 for approximately $2.5 million. Geopolitical tension and Strategy sell-off put Bitcoin under pressure BTC is down 4% since Monday and now risks dropping below $70,000 thanks to growing geopolitical tensions.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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