Bitcoin fell about 1.7% on Monday after briefly reaching $78,750, returning below $77,000 following the Wall Street open. Hopes for a diplomatic resolution to the US-Iran conflict sent oil prices lower but failed to provide a near-term boost for Bitcoin. WTI dropped more than 7%, touching $95.15 per barrel, while Brent fell 9% to around $103.30. Rekt Capital said the failure to break above $78,500 could expose Bitcoin to a decline below $76,000, bringing the 50-week moving average near $75,700 into view.
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