US-Iran Tensions Send Bitcoin Below $77K

Bitcoin's price dropped below $77,000 in response to renewed US-Iran tensions, which have caused oil prices to surge above $94 per barrel and increased US Treasury yields to about 4.79%.

The geopolitical escalation has heightened inflation concerns and expectations of continued Federal Reserve tightening, putting pressure on crypto and growth assets.

Despite a $217 million inflow into US spot Bitcoin ETFs, the market remains volatile, reflecting Bitcoin's sensitivity to macroeconomic factors rather than acting as a geopolitical hedge.

The key question is whether ETF demand can sustain Bitcoin if oil prices and yields stay high.