BTC Price Tumbles as Iran Diplomacy Falls Flat
Bitcoin's price dropped to $62,229 after seeing a liquidation of $146.66 million in just one day. This downturn came despite U.S. President Donald Trump announcing that he had canceled a planned military strike on Iran to give diplomacy another chance.
Top crypto analysts suggest that BTC is currently trapped between two major liquidity zones, which may be contributing to the recent price decline.